Auto Dealerships
($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...
(AN) AutoNation Raises First Quarter Earnings Guidance
AutoNation Inc. (AN) has upgraded its earnings per share (EPS) guidance for the first quarter of 2010 ended March 31, 2010. The company now expects to earn 32 cents–35 cents per share, up from the previous...
(KMX) CarMax’s Earnings Report Clears Estimates
CarMax Inc. (KMX) showed a net income of $48.8 million or 26 cents per share (excluding special items) in the fourth quarter of its fiscal year 2010 ended February 28, 2010 compared to $38.5 million or 17...
(AN) AutoNation Projects Improved First Quarter 2010 Results
AutoNation Inc. (AN) has projected an improvement in results for the first quarter of 2010 due to a gradual recovery in the industry. The automotive retailer expects to earn 29–32 cents per share from continuing...
(SAH) Sonic Automotive Beats Estimates
Sonic Automotive (SAH) has revealed a profit of $7.2 million or 18 cents per share (excluding special items) for the fourth quarter of 2009, in stark contrast to a loss of $10.2 million or 21 cents per share...
(AN) AutoNation’s Profit More than Doubles
AutoNation, Inc. (AN) has posted a profit of $50 million or 29 cents per share (before special items) in the fourth quarter of 2009, which is more than double the $23 million or 13 cents per share (before special...
(AN) U.S. Retail Sales UP from Last Year
Reports of the death of the consumer have been greatly exaggerated, according to the latest Retail Sales report from the government. Overall retail sales rose by 1.3% in November from October, and are now up for the first time on a year-over-year basis — 1.9% higher...
(GPI) Group 1 Automotive Incorporation – Good Earnings on Declining Sales
Group 1 Automotive Inc. (GPI) is up more than 200% in the last 8 months, but analysts see more upside, with the next-year estimate projecting 35% earnings growth.
Company Description
(AN) AutoNation Predicts Gloomy Business for 2010
AutoNation (AN) has sketched its industry outlook, revealing a gloomy 2010 preceding an improvement in the years following. The company stated that it anticipates a marginal rise in industry sales to 11 million...
(LAD) Lithia Motors Reports Improved Quarter
Lithia Motors (LAD) announced a profit of $7.2 million or 33 cents per share, before special items, in the third quarter, an improvement from $1.45 million or 7 cents per share in the year-ago period. This...
(GPI) Group 1 Automotive’s Profit Improves
Group 1 Automotive (GPI) revealed a profit of $16.8 million or 71 cents per share in the third...
(PAG) Penske Automotive Outdoes Expectations
Penske Automotive (PAG) posted a net income of $30.9 million or 34 cents per share from continuing operations in the third quarter. With this, the Michigan-based second leading...
(AN) AutoNation Just Passes Estimates in Tough Economy
AutoNation (AN) has revealed a 44% rise in profits to $65 million or 36 cents per share in the third quarter from $44 million or 25 cents per share in the year-ago quarter. With this, the largest automotive...
(SAH) Sonic Automotive Meets Estimates
Sonic Automotive (SAH) has reported a profit of 21 cents per share (excluding special items) for the third quarter of the year compared to 15 cents per share in the year-ago period. The profit was attributed...
(AN) AutoNation to Review Product Mix
AutoNation (AN) has revealed that it would reappraise its mix of domestic and foreign brands in the auto inventory as General Motors (GM) switches from a “push production” to “pull production” business model.
GM’s “push...
($AN) Earnings Preview for AutoNation
AutoNation (AN) will release its sales and earnings results for the third quarter ended Sep 30, 2009, on Thursday, Oct 29, 2009, before the market opens. The Florida-based automotive retailer reported earnings of $55 million or 31 cents per share in the second...
(AN) AutoNation Boosts Vehicle Orders
AutoNation (AN) has increased vehicle orders in the fourth quarter of the year in an effort to restock showrooms that had been emptied out during the “Cash for Clunkers” program. The Florida-based largest automotive retailer in the U.S. has revealed...
(CRMT) America’s Car-Mart Inc. – Beat Estimates by Nearly 50% – Estimates Rise
America’s Car-Mart Inc. (CRMT) saw revenues leap 10.7% in the first quarter as same store sales also jumped 8.4%. The company has surprised on estimates the last 4 quarters by an average of 17.82%. CRMT has attractive value characteristics, with a forward...
(KMX) Earnings Preview for CarMax
CarMax (KMX) will release its sales and earnings results for the second quarter of fiscal 2010 ended August 31, 2009 on September 22. The Richmond, VA-based used car retailer reported earnings of 11 cents per share, excluding...
(AN) U.S. to Reimburse Clunkers Dealers
The U.S. Government has pacified dealers who sold cars under the Cash for Clunkers program. It has approved $500 million in reimbursements, which are to be paid by late this month.
“Cash for Clunkers,” a.k.a. the Car Allowance Rebate System (CARS), introduced...
(CRMT) America’s Car-Mart Q1 Beats Estimates by 46.3%
America’s Car-Mart Inc. (CRMT) reported fiscal first-quarter results before the opening bell today. The company posted GAAP net income of $7.02 million, compared to $5.29 million in the year-ago period. Earnings per share came in at 60 cents, compared...
(AN) Autonation, Inc. – Closes in on All-Time Record High Price
Autonation, Inc. (AN) has been on a big-time rally for the last 9 months, recently topping off above $21 and moving within striking distance of the all-time high.
Company Description
Autonation, Inc.,...
(AN) Cash for Clunkers Program Expires
Today, the extremely popular vehicle exchange program “Cash for Clunkers” will complete its tenure. “Cash for Clunkers,” a.k.a. the Car Allowance Rebate System (CARS), introduced by the U.S. Government in late July, is a $3 billion cash incentive program.
The...
(PAG) Penske Picks up “Belle” of GM
by The Investment U Research Team
In perhaps one of the few success...
(AN) Global Oil Demand: Are You Ready for Gasoline Under a Buck a Gallon?
Global Oil Demand: Are You Ready for Gasoline Under a Buck a Gallon?
by David Fessler, Advisory Panelist, Investment U
Friday, December 12, 2008: Issue #900
When I started driving, gasoline still contained lead and regular...
(CRMT) – America’s Carmart – earnings of 51 cents per share, blowing past analyst expectations of 28 cents per share
America’s Carmart, Inc. (CRMT) is barreling forward and producing very impressive results for shareholders in a very challenging environment. The company’s fourth-quarter results, reported just last week, contained big improvements in both revenue and income from...