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	<title>Stock Blog Hub &#187; Penske Automotive Group</title>
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		<title>(KMX) CarMax Beats Earnings Expectations on Used Vehicle Sales</title>
		<link>http://www.stockbloghub.com/2010/09/23/kmx-carmax-beats-earnings-expectations-on-used-vehicle-sales/52553</link>
		<comments>http://www.stockbloghub.com/2010/09/23/kmx-carmax-beats-earnings-expectations-on-used-vehicle-sales/52553#comments</comments>
		<pubDate>Thu, 23 Sep 2010 15:11:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Dealerships]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[AN]]></category>
		<category><![CDATA[AutoNation Inc.]]></category>
		<category><![CDATA[CAF]]></category>
		<category><![CDATA[CarMax Inc.]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[KMX]]></category>
		<category><![CDATA[MORGAN STANLEY CHINA]]></category>
		<category><![CDATA[PAG]]></category>
		<category><![CDATA[Penske Automotive Group]]></category>
		<category><![CDATA[Sentiment]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52553</guid>
		<description><![CDATA[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 improvement in profit was primarily driven by increases in Used vehicle sales and Wholesale vehicle sales. Net sales and operating revenues in the quarter went up 13% to $2.34 billion, higher than the Zacks Consensus Estimate of $2.28 billion. Comparable-store used unit sales in the quarter rose 4%, driven by an improvement in sales conversion. Used vehicle sales appreciated 10.7% to $1.89 billion. This can be attributable to a higher percentage of vehicles sourced directly from consumers through the company’s ]]></description>
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		<title>(DAI) Daimler to Recoup Smart Sales</title>
		<link>http://www.stockbloghub.com/2009/11/16/dai-daimler-to-recoup-smart-sales/20704</link>
		<comments>http://www.stockbloghub.com/2009/11/16/dai-daimler-to-recoup-smart-sales/20704#comments</comments>
		<pubDate>Tue, 17 Nov 2009 01:08:27 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Manufacturers - Major]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[DAI]]></category>
		<category><![CDATA[Daimler AG]]></category>
		<category><![CDATA[PAG]]></category>
		<category><![CDATA[Penske Automotive Group]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=20704</guid>
		<description><![CDATA[Daimler (DAI) has started offering discounts for its micro-hybrid car, smart fortwo, in the U.S. in order to recoup its depressed sales. In the third quarter, Penske Automotive Group (PAG), which owns distribution entity for the smart for two in the U.S. through its 75 smart dealerships, saw a decline in smart USA wholesale to 3,401 units from 6,683 units in the prior-year quarter. Last month, smart car’s sales fell more than two-thirds to 661 units in the U.S. It was also the lowest clocked for any month since the car’s debut in early last year. Smart fortwo – the world’s most fuel-efficient and lowest CO2 emitting car – raised eyebrows in the U.S. with a fuel consumption tag of 36 miles per gallon at the time of its launch ]]></description>
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		<title>(FSYS) The Return of the Living Dead &#8211; Zacks Industry Rank Analysis</title>
		<link>http://www.stockbloghub.com/2009/11/11/fsys-the-return-of-the-living-dead-zacks-industry-rank-analysis/20264</link>
		<comments>http://www.stockbloghub.com/2009/11/11/fsys-the-return-of-the-living-dead-zacks-industry-rank-analysis/20264#comments</comments>
		<pubDate>Wed, 11 Nov 2009 20:41:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Parts]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[CarMax Inc.]]></category>
		<category><![CDATA[Cavco Industries Inc.]]></category>
		<category><![CDATA[CVCO]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[FSYS]]></category>
		<category><![CDATA[Fuel Systems Solutions]]></category>
		<category><![CDATA[GPI]]></category>
		<category><![CDATA[Group 1 Automotive Inc.]]></category>
		<category><![CDATA[KMX]]></category>
		<category><![CDATA[LSI Industries Inc.]]></category>
		<category><![CDATA[LYTS]]></category>
		<category><![CDATA[Oshkosh Corporation]]></category>
		<category><![CDATA[OSK]]></category>
		<category><![CDATA[PAG]]></category>
		<category><![CDATA[Penske Automotive Group]]></category>
		<category><![CDATA[RPM]]></category>
		<category><![CDATA[RPM International Inc.]]></category>
		<category><![CDATA[THO]]></category>
		<category><![CDATA[Thor Industries Inc.]]></category>
		<category><![CDATA[WABCO Holdings Inc.]]></category>
		<category><![CDATA[WBC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=20264</guid>
		<description><![CDATA[Industry Rank Analysis 11-11-09 OK, Halloween is over, but some of the best-looking industries according to the Zacks Rank are those that not long ago were considered part of the living dead. Case in point, is the top performing sector &#8212; Auto-Truck-Tires. Out of 206 industries tracked, the sector has five of them, and the worst of the bunch, Foreign Autos, ranked tied for 89th with a composite score of 2.88. None of the groups were at the very top, but all were better than average. The original equipment parts makers (although one could argue about the grouping of some of the names) scored best with a rank of 44 and a composite score of 2.62. Three of the 28 firms in the industry, Fuel System Solutions (FSYS), Oshkosh Truck ]]></description>
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		</item>
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		<title>(PAG) Penske Automotive Outdoes Expectations</title>
		<link>http://www.stockbloghub.com/2009/11/04/pag-penske-automotive-outdoes-expectations/19592</link>
		<comments>http://www.stockbloghub.com/2009/11/04/pag-penske-automotive-outdoes-expectations/19592#comments</comments>
		<pubDate>Thu, 05 Nov 2009 00:38:59 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Dealerships]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[PAG]]></category>
		<category><![CDATA[Penske Automotive Group]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=19592</guid>
		<description><![CDATA[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 automotive retailer in the U.S. exceeded the Zacks Consensus Estimate of 27 cents per share. When compared to the year ago level, net income reflects a rise of 16% from $26.6 million or 21% from 28 cents per share in the third quarter of last year. Total revenue dipped 13% to $2.59 billion. New Vehicle witnessed a steeper 14% decline in revenue to $1.34 billion compared to Used Vehicle (5% to $673 million). Total retail revenues slipped 10.4%, driven by weakness in the U.S. market. Same-store retail revenues fell 12.4% to $2.34 million. Excluding exchange rate fluctuations, total same-store retail revenues declined ]]></description>
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		<title>(KMX) Earnings Preview for CarMax</title>
		<link>http://www.stockbloghub.com/2009/09/09/kmx-earnings-preview-for-carmax/14726</link>
		<comments>http://www.stockbloghub.com/2009/09/09/kmx-earnings-preview-for-carmax/14726#comments</comments>
		<pubDate>Wed, 09 Sep 2009 21:33:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Dealerships]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[AN]]></category>
		<category><![CDATA[AutoNation Inc.]]></category>
		<category><![CDATA[CarMax Inc.]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[KMX]]></category>
		<category><![CDATA[PAG]]></category>
		<category><![CDATA[Penske Automotive Group]]></category>
		<category><![CDATA[TM]]></category>
		<category><![CDATA[Toyota Motor Corp.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14726</guid>
		<description><![CDATA[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 special items, for the first quarter of the fiscal year. This was high above the Zacks Consensus Estimate of 4 cents per share. For the second quarter, the Zacks Consensus Estimate for the company is 16 cents per share, an improvement of 45% compared to the recorded earnings in the previous quarter. CarMax, the largest retailer of used vehicles in the U.S., conducts its operations through its wholly owned subsidiaries &#8212; CarMax Auto Superstores Inc., Virginia; CarMax Auto Superstores West Coast Inc., California; CarMax Auto Superstores California LLC, California; CarMax Auto Superstores Services ]]></description>
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