Automotive Retail Equities Technical Commentary -- Research on CarMax, Group 1 Automotive, Penske Automotive, and Sonic Automotive Editor Note: For more information about this release, please scroll to bottom.
LONDON, June 9, 2014 /PRNewswire/ --
The trading session on Friday, June 06, 2014 ended on a higher note as the Dow Jones Industrial Average finished at 16,924.28, up 0.52% and the NASDAQ Composite closed at 4,321.40, up 0.59%. The S&P 500 finished the day 0.46% higher at 1,949.44. During the trading session, seven out of ten sectors finished on a positive note. The S&P 500 Consumer Discretionary Sector Index finished the day 0.54% higher at 529.27, and the index has gained 4.60% in the previous one month. Investor-Edge has initiated coverage on the following equities: CarMax Inc. (NYSE: KMX), Group 1 Automotive Inc. (NYSE: GPI), Penske Automotive Group Inc. (NYSE: PAG) and Sonic Automotive Inc. (NYSE: SAH). Free technical research on KMX, GPI, PAG and SAH can be downloaded upon signing up at:
CarMax Inc.'s stock advanced 0.69% on Friday, closing the day at $46.43. The stock recorded a trading volume of 1.58 million shares, near its three months average volume of 1.61 million shares. The company's shares oscillated between $46.09 and $46.57 during the session. Over the previous three trading sessions and in the last one month, CarMax Inc.'s shares have advanced 2.02% and 4.10%, respectively. However, the company's stock has declined 1.25% from the beginning of 2014. The company's shares are trading above their 50-day moving average. CarMax Inc.'s 50-day moving average of $44.68 is below its 200-day moving average of $47.39. Furthermore, the company's stock traded at a PE ratio of 21.40 and has a Relative Strength Index (RSI) of 63.39. Sign up today to read free research on KMX at:
Shares in Group 1 Automotive Inc. recorded a trading volume of 0.31 million shares, which was close to its three months average volume of 0.34 million shares. The company's stock ended the day at $81.81, which was 0.38% higher its previous day's closing of $81.50, and registered an intraday range of $81.65 and $82.26. The company's shares traded at a PE ratio of 17.77. Shares in Group 1 Automotive Inc. have gained 0.50% in the previous three trading sessions and 10.66% in the last one month. Moreover, the shares have surged 15.19% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $71.83 and $69.68, respectively. Additionally, shares of the company have an RSI of 76.92. Sign up today to read free research on GPI at:
On Friday, shares in Penske Automotive Group Inc. fluctuated between $48.27 and $49.12 before ending the 0.37% higher at $48.53, also hitting a new 52-week high of $49.12. The company's stock reported a trading volume of 0.39 million shares, which was above its three months average volume of 0.30 million shares. Shares of the company traded at a PE ratio of 17.03. Shares in Penske Automotive Group Inc. have gained 3.26% in the previous three trading sessions and 6.52% in the last one month. Additionally, the company's shares have advanced 2.91% on YTD basis. Penske Automotive Group Inc.'s stock is trading above its 50-day and 200-day moving averages of $44.85 and $43.30, respectively. Furthermore, the company's shares have an RSI of 65.57. Sign up today to read free research on PAG at:
Sonic Automotive Inc.'s stock finished Friday's trading session 1.08% higher at $27.17, also hitting a new 52-week high of $27.48. A total of 0.35 million shares were traded, above its three months average volume of 0.32 million shares. The stock moved between $27.04 and $27.48 during the session. Sonic Automotive Inc.'s stock has gained 1.00% in the previous three trading sessions, 14.11% in the last one month and 10.99% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages of $24.37 and $23.49, respectively. Further, Sonic Automotive Inc.'s stock traded at a PE ratio of 13.44 and has an RSI of 72.35. Sign up today to read free research on SAH at:
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