Auto Dealerships
(AN) AutoNation Beats Expectations – Earnings Rise 13%
AutoNation Inc. (AN) saw a profit of $71 million or 51 cents per share in the fourth quarter of 2011 compared with $68 million or 45 cents per share in the comparable quarter of 2010 (excluding debt refinancing costs of $1 million or 1 cent per share, after-tax), reflecting an...
30Jan2012 | vitalstocks | 0 comments | Continued(AN) AutoNation Driven By Luxury Brand Sales
AutoNation Inc. (AN) revealed an 11% rise in new vehicle sales to 24,342 units in December last year, mainly driven by strong sales growth in its Premium Luxury brands. Sales of the Domestic brands, which comprise stores that sell vehicles manufactured by General Motors (GM),...
14Jan2012 | vitalstocks | 0 comments | Continued(AN) Stock Market News for January 5, 2012 – Market News
Major indices of the American stock markets closed flat on Wednesday after experiencing a strong rally on the first trading day of the Year. Euro zone worries were not strong enough for markets to move southwards. Retail stocks surged after Christmas sales figures increased 5.3%...
5Jan2012 | vitalstocks | 0 comments | Continued(AN) AutoNation Analyst Maintains Neutral on Shares
We have retained a Neutral recommendation on AutoNation, Inc. (AN). We appreciate the company’s optimal brand and market mix, which is pushing up new vehicle sales as the market revives. However, we are concerned about tough competition and rising interest rates faced by the...
12Oct2011 | vitalstocks | 0 comments | Continued(KMX) CarMax Second Quarter Earnings Preview
CarMax Inc. (KMX) announced that it would release its results for the second quarter of fiscal 2012 that ended on August 31, 2011 before the market opens on September 22, 2011. Richmond, VA-based CarMax earned a profit of 55 cents in the first quarter of fiscal 2012, beating...
21Sep2011 | vitalstocks | 0 comments | Continued(AN) AutoNation’s June Sales Rise 3%
AutoNation Inc. (AN), the largest automotive retailer in the U.S., is about twice the size of its nearest competitor. It recently announced its sales results for June 2011. The company’s retail new vehicle unit sales for the month amounted to 16,564, an increase of 3% from...
8Jul2011 | vitalstocks | 0 comments | Continued(AN) AutoNation Remains Neutral
We reiterate our Neutral recommendation on AutoNation Inc. (AN), which is the largest automotive retailer in the U.S. and almost twice the size of its nearest competitor. The company sells 31 different brands of new vehicles, its core brands being Ford Motor Co. (F), General...
26Jun2011 | vitalstocks | 0 comments | Continued(KMX) CarMax Profits on Heightened Sales
CarMax Inc.(KMX) posted a 25% rise in profit to $126.3 million or 55 cents per share in the first quarter of the fiscal year ended May 31, 2011from $101.1 million or 44 cents per share in the prior fiscal year-quarter. The profit exceeded the Zacks Consensus Estimate by 8 cents...
23Jun2011 | vitalstocks | 0 comments | Continued(AN) AutoNation Sales Dip on Supply Crunch
AutoNation Inc. (AN) reported a 15% fall in new vehicle sales to 16,347 vehicles in May due to shortages in supply of vehicles, especially from Japan that accounts for 52% of its sales. The Japanese automotive industry has been hit hard by the earthquake and tsunami on March...
15Jun2011 | vitalstocks | 0 comments | Continued(AN) AutoNation Announces $250 Million Increase to Share Buyback
AutoNation Inc. (AN) announced that its board of directors has authorized the repurchase of up to an additional $250 million of common stock under its existing share buyback program. This has increased the total authorized amount under the program to $395.9 million. Last year,...
9May2011 | vitalstocks | 0 comments | Continued(AN) AutoNation Reports Strong Earnings Results for 2011 First Quarter
AutoNation Inc. (AN) reported net income of $70.3 million or 46 cents per share from continuing operations for the first quarter of 2011, compared with $58.8 million or 34 cents in the year-ago period. The company also exceeded the Zacks Consensus Estimate of 43 cents. Total...
28Apr2011 | vitalstocks | 0 comments | Continued(KMX) CarMax Quarterly Earnings Exceed by a Penny
CarMax Inc.(KMX) posted a profit of $89.5 million or 39 cents per share in the fourth quarter of fiscal 2011 ended February 28, 2011, barely exceeding the Zacks Consensus Estimate by a penny. The profit increased 83% from $48.8 million or 26 cents per share (excluding favorable...
9Apr2011 | vitalstocks | 0 comments | Continued(KMX) U.S. Retail Sales Meet High Expectations
Retail Sales were in line with high expectations for February. Total retail sales rose 1.0%, and are up 8.9% from a year ago. January was revised up from 0.3% growth to 0.7% growth. That was a major positive surprise. The Retail Sales report covers far more than just the shopping...
17Mar2011 | vitalstocks | 0 comments | Continued(KMX) U.S. January Retail Sales Disappoint Analysts
Retail Sales were weaker than expected in January. Total retail sales rose 0.3%, below the 0.5% consensus expectation, and are up 7.8% from a year ago. December was revised down from 0.6% growth to 0.5% growth. The Retail Sales report covers far more than just the shopping malls...
15Feb2011 | vitalstocks | 0 comments | Continued(KMX) CarMax Third Quarter 2011 Earnings Scorecard
CarMax Inc. (KMX) reported its earnings for the third quarter of its fiscal year 2011, ended November 30, 2010, on December 21, 2010, barely surpassing the Zacks Consensus Estimate by 2 cents per share. However, the market reacted negatively, with share prices falling subsequent...
2Jan2011 | vitalstocks | 0 comments | Continued(KMX) CarMax Surpasses Quarterly Earnings Estimates
CarMax Inc. (KMX) posted a profit of $82.4 million or 36 cents per share in the third quarter of its fiscal 2011, barely surpassing the Zacks Consensus Estimate of 34 cents per share. The profit was higher than $74.6 million or 33 cents per share in the prior-year quarter. CarMax’s...
25Dec2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Reports New Retail Vehicle Sales Up 16%
AutoNation Inc. (AN) sold 15,511 retail new vehicles in November, a 16% rise from the year-ago level. The sales growth was higher than 12% increase in sales in the U.S. auto industry, excluding sales to fleet buyers including rental car companies. Sales of the Domestic brands,...
6Dec2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Quarterly Earnigs Miss Expectations
AutoNation Inc. (AN) reported a 9% fall in net income to $58.5 million for the third quarter of 2010 from $64.4 million in the year-ago period. However, on earnings per share basis, profit rose 8% to 39 cents from 36 cents in the third quarter of 2009 as the company had 149.6...
3Nov2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Reports Retail New Vehicles Sales Soar 35% in September 2010
AutoNation Inc. (AN) sold 18,040 retail new vehicles in September, a 35% rise from the same month of 2009. The sales growth was higher than the overall industry growth of 29% during the month. However, AutoNation’s new car sales inched up 3% to 56,340 units in the third quarter...
6Oct2010 | vitalstocks | 0 comments | Continued(KMX) CarMax Beats Earnings Expectations on Used Vehicle Sales
CarMax Inc. (KMX) showed a profit of $107.9 million or 48 cents per share in the second quarter of its fiscal 2011, beating the Zacks Consensus Estimate of 40 cents per share. The profit was slightly higher than $103 million or 46 cents per share in the prior-year quarter. The...
23Sep2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Incorporated – Bull of the Day
AutoNation (AN) remains focused on improving its product mix and cost-cutting initiatives. The company’s profit increased 36% in the second quarter of 2010 and surpassed the Zacks Consensus Estimate by $0.02 per share. Cost reduction revolved around lower interest expense,...
1Sep2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Analyst Upgrades Stock to Outperform
We have upgraded our long-term recommendation (6+ months) on the shares of AutoNation Inc. (AN) from Neutral to Outperform. This is based on its improved results and recent acquisitions. In the second quarter of 2010, AutoNation posted a 36% increase in profits (adjusted) to...
24Aug2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Reports Sales Rose 5% Year-Over-Year in July
AutoNation Inc. (AN) sold 19,688 retail new vehicles last month, up 5% from July 2009. Sales rose marginally due to unfavorable comparison with the last year’s Cash for Clunkers program that generated significant demand for retail vehicles. Sales of the Domestic brands, which...
11Aug2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Profits Up 36%
AutoNation Inc. (AN) witnessed a 36% increase in profits (adjusted) to $62 million or 38 cents per share in the second quarter of 2010 from $50 million or 28 cents per share in the prior-year quarter. With this, the automotive retailer has inched past the Zacks Consensus Estimate...
24Jul2010 | vitalstocks | 0 comments | Continued(CRMT) America’s Car-Mart – Customer Credit Is Starting to Turnaround
Who said the auto industry is down and out? America’s Car-Mart, Inc. (CRMT), which operates 97 automotive dealerships in 8 states and also has a successful car financing slogan “Buy Here/Pay Here”, on Jun 3 reported record full year earnings. When I last reviewed...
13Jul2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Sales Up 13%
AutoNation Inc. (AN) showed a 13% rise in retail new vehicle sales to 16,153 units last month, driven by strong growth in its Domestic brands. Sales of the Domestic brands, which comprise stores that sell vehicles manufactured by General Motors (MTLQQ), Ford Motor Co. (F) and...
10Jul2010 | vitalstocks | 0 comments | Continued(AN) AutoNation’s Sales Figures Outpace Overall U.S. Sales
AutoNation Inc. (AN) has posted a 22% rise in sales to 19,283 vehicles during May. With this, the automotive retailer has outpaced the sales gain of 19% in the U.S. during the month. Sales in AutoNation’s Domestic segment — comprising stores that sell vehicles manufactured...
6Jun2010 | vitalstocks | 0 comments | Continued(AN) AutoNation 2010 First Quarter Earnings Scorecard
AutoNation, Inc. (AN) reported its first quarter earnings for 2010 on April 22, 2010, exactly meeting the Zacks Consensus Estimate. The market reacted positively, with its share price rising in the subsequent 3 days. However, the share price started descending from the fourth...
24May2010 | vitalstocks | 0 comments | Continued(AN) AutoNation’s Earnings Report Matches Expectations
AutoNation (AN) showed a 55% increase in profits to $58 million or 34 cents per share in the first quarter of 2010 from $40 million or 22 cents per share in the prior-year quarter. With this, the automotive retailer has met the Zacks Consensus Estimate exactly. Revenues in the...
22Apr2010 | vitalstocks | 0 comments | Continued($KMX) March Retail Sales Are Robust!
The U.S. consumer was quoting from “Monty Python and the Holy Grail,” loudly declaring that “I’m not dead yet” in March. Total retail sales rose by 1.6% in March, a sharp acceleration from the 0.5% increase in February. As the horrors of a year...
14Apr2010 | vitalstocks | 0 comments | Continued