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Used Car Prices Continue to Ease — But Are Still 50% Higher Since COVID-19
Monday, April 24, 2023 - 5:17pm | 399After skyrocketing since the outbreak of COVID-19, used car prices have finally started to ease, raising early hopes that a bubble is starting to wane. Investors keep tabs on a number of well-known used vehicle stocks, including CarMax Inc. (NYSE: KMX), Lithia Motors Inc (...
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Waymo's Path To $50B In Annual Revenue
Tuesday, September 25, 2018 - 1:31pm | 428Alphabet, Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Waymo has taken the lead in the U.S. autonomous vehicle race, and Waymo may be a major cash cow for investors within a decade. According to Bank of America analyst Justin Post, Waymo is distancing itself from the competition when it comes to...
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AutoNation's CEO Talks Tesla, Says Production Guidance Is Somewhere Between 'Audacious' And 'Preposterous'
Friday, May 6, 2016 - 11:15am | 271Mike Jackson, CEO of AutoNation, Inc. (NYSE: AN) certainly knows a thing or two about the auto industry. On Thursday, he was a guest on CNBC's "Squawk Box" segment to discuss Tesla Motors Inc (NASDAQ: TSLA)'s production guidance. Tesla said it is aiming for a production rate of 500,000 vehicles by...
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Auto Retailers Group Lower As AutoNation Warns
Wednesday, January 6, 2016 - 12:01pm | 360Shares of AutoNation, Inc. (NYSE: AN) plunged more than 10 percent on Wednesday after the company issuing a disappointing fourth quarter outlook. AutoNation, the nation's largest dealership operator, said that it sold 35,962 vehicles throughout December. The company noted that while this...
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Goldman Concerned With TrueCar Headwinds, Removes From 'Conviction Buy' List
Friday, July 24, 2015 - 2:41pm | 262Shares of TrueCar Inc (NASDAQ: TRUE) are down almost 35 percent on Friday after the company preannounced negative second-quarter results and trimmed its full year guidance on the back of considerable softness across the business. The actual figures will be announced on August 6. In a report...
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Barron's Recap: Home Prices Near Their Peak
Sunday, April 19, 2015 - 2:45pm | 768This weekend in Barron's online: a special report on housing, the best financial advisors in America ranked, as well as the prospects for United Rentals, World Fuel Services, AutoNation and more. Cover Story "Nearing Peak, U.S. Home Price Gains to Slow" by Jonathan R. Laing. The three-year rally in...
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Markets Inch Higher Following Encouraging Beige Book Commentary
Wednesday, December 3, 2014 - 6:11pm | 923U.S. stocks were mostly higher as the Dow and S&P 500 closed the day at record highs. The Fed's Beige book contained positive commentary on improved employment with “widespread” gains across all 12 districts. Manufacturing activity improved in most districts along with...
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Markets Little Changed Ahead Of Friday's Jobs Report
Thursday, October 2, 2014 - 5:10pm | 2062U.S. stocks reversed early morning declines and closed the day little changed ahead of Friday's job reports data, which will be released at 8:30 A.M. The number of Americans filing claims for unemployment benefits unexpectedly fell last week by 8,000 according to data released today. Not...
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Markets Little Changed Ahead Of 4th Of July Break
Wednesday, July 2, 2014 - 4:34pm | 2100U.S. stocks were little changed despite an ADP jobs report showing better-than-expected numbers. The ADP report comes ahead of the non-farm payrolls due on Thursday. Analysts are expecting the payrolls to confirm 212,000 jobs were added in June. The markets will close at 1:00 p.m. on Thursday...
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UPDATE: Morgan Stanley Raises PT on AutoNation; Overall Story Does Not Change
Monday, February 3, 2014 - 9:22am | 107In a report published Monday, Morgan Stanley analyst Ravi Shanker raised the price target on AutoNation (NYSE: AN) from $40 to $41 due to higher than expected 4Q13 Results. However, Shanker believed that, overall, AutoNation is still underweight. According to the report, Morgan Stanley noted, "AN...
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Market Wrap For January 15: Bulls Take Over As Economic Growth Remains Healthy
Wednesday, January 15, 2014 - 5:45pm | 2827The market picked up where it left off Tuesday and recorded a second straight day of strong gains. The Dow posted a triple digit point gain while the S&P 500 and Nasdaq all gained as the Federal Reserve's Beige Book indicated that economic growth remained healthy in most U.S. regions. The...
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Earnings Expectations for the Week of July 15
Sunday, July 14, 2013 - 8:43pm | 1120The earnings season ramps up this week, providing plenty of perspective on how the financial and technology sectors fared in the second quarter. Bank of America (NYSE: BAC), Citigroup (NYSE: C), Goldman Sachs (NYSE: GS), Google (NASDAQ: GOOG), Intel (NYSE: INTC), Microsoft (NASDAQ: MSFT) and many...
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Cabela's, Home Depot and Other Retail Stocks Worth a Look Now
Monday, November 26, 2012 - 3:39pm | 870The holiday shopping season seems to have gotten off to a strong start, particularly for Amazon.com (NASDAQ: AMZN) and Walmart (NYSE: WMT), but also for Abercrombie & Fitch (NYSE: ANF) and the Gap (NYSE: GPS). So here are seven retail stocks that might be worth a look. All have double-digit...
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Earnings Expectations for the Week of October 22
Monday, October 22, 2012 - 8:15am | 1199There are lots more on the earnings calendar this week, including results from Apple (NASDAQ: AAPL) for the three months that included the release of the iPhone 5. Monday Results from Caterpillar (NYSE: CAT) and Yahoo! (NASDAQ: YHOO) will be the highlights on Monday, and analysts expect to see...
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CarMax Earnings Preview: Higher Sales, Lower EPS Expected
Wednesday, June 20, 2012 - 10:58am | 943CarMax (NYSE: KMX), the used-car retailer, is scheduled to report first-quarter fiscal 2013 results on June 21, before the U.S. markets open. The company has seen net income rise in the previous three quarters and has enjoyed four-straight quarterly revenue increases. Investors will be hoping for...