Stock Price Movements, Upcoming and Reported Financial Results, and Product Advancements - Analyst Notes on Advance Auto Parts, AutoZone, GPC, Magna and AutoNation Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, April 25, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Advance Auto Parts, Inc. (NYSE: AAP), AutoZone, Inc. (NYSE: AZO), Genuine Parts Company (NYSE: GPC), Magna International Inc. (NYSE: MGA) and AutoNation, Inc. (NYSE: AN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1609-100free.
Advance Auto Parts, Inc. Analyst Notes
On April 22, 2014, Advance Auto Parts, Inc.'s (Advance Auto Parts) stock increased 0.17%, ending the day $121.61. Over the previous three trading sessions, shares in the Company gained 1.76%, compared with S&P 500 which advanced 0.93% during the same trading period. The full analyst notes on Advance Auto Parts are available to download free of charge at:
AutoZone, Inc. Analyst Notes
On April 22, 2014, AutoZone, Inc. (AutoZone) reported that it will release its Q3 FY 2014 (period ending May 10, 2014) results on May 27, 2014, before market hours. The Company informed that it will host a conference call on the same day at 10:00 a.m. EDT. AutoZone stated that the call, together with supporting slides, will be made available on the Company website. The full analyst notes on AutoZone are available to download free of charge at:
Genuine Parts Company Analyst Notes
On April 22, 2014, Genuine Parts Company (GPC) reported its Q1 2014 financial results. Quarterly net sales stood at $3.6 billion, up 13.3% YoY. Q1 2014 net income also increased to $157.5 million, or diluted EPS of $1.02, compared with $144.4 million, or diluted EPS of $0.93, in Q1 2013. The Company informed that automotive sales remained the strongest among its segments, up 23% and driven by a 17% contribution from the GPC Asia Pacific acquisition and underline growth of approximately 7%, offset by a negative translation effect of 1.6%. Commenting on the future outlook, Thomas C. Gallagher, Chairman and CEO of GPC, said, "Looking ahead, we are well positioned to demonstrate continued progress in driving improved results and remain optimistic about our prospects for growth in each of our four businesses." The full analyst notes on GPC are available to download free of charge at:
Magna International Inc. Analyst Notes
On April 15, 2014, Magna International Inc. (Magna) announced that its Magna Exteriors operating unit is producing the North American automotive industry's first all-thermoplastic, fully recyclable liftgate module for the 2014 Nissan Rogue crossover utility vehicle. According to the Company, the full liftgate assembly is 30% lighter than comparable stamped steel systems and helps in contributing to the vehicles' overall fuel economy increase. The Company stated that it developed the liftgate in collaboration with Nissan, Hitachi Chemical, and LyondellBasell and Advanced Composites Inc. Joe Pittel, Global President, Magna Exterior, Interiors and Seating, said, "The success of our customers is a testament to the hard work of our entire team and helps validate Magna's commitment to solving challenges with an innovative spirit and can-do attitude." The full analyst notes on Magna are available to download free of charge at:
AutoNation, Inc. Analyst Notes
On April 17, 2014, AutoNation, Inc. (AutoNation) reported its Q1 2014 financial results. Q1 2014 revenues for the Company increased to $4.4 billion, up 6.5% YoY. Net income also increased to $95.1 million, or diluted EPS of $0.78, compared with $83.0 million, or diluted EPS of $0.67, in Q1 2013. The Company stated that increase in revenues was driven by stronger performance in all business sectors - new and used vehicles, parts and service, and finance and insurance. Commenting on the results, Mike Jackson, Chairman and CEO, said, "AutoNation delivered solid growth in EPS and operating income in the first quarter of 2014 compared to the prior year, driven by gross profit growth in all of our business sectors. We continue to expect U.S. industry new vehicle unit sales to increase 3% to 5%, bringing U.S. industry new vehicle sales above 16 million units in 2014." The full analyst notes on AutoNation are available to download free of charge at:
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