Auto Dealerships Stocks on Investors' Radar -- CarMax, AutoNation, Penske Automotive, and Copart

Aug 16, 2016, 08:00 ET from Chelmsford Park SA

NEW YORK, August 16, 2016 /PRNewswire/ -- today shifts investors' attention to the Auto Dealership industry which continues to benefit from an improved labor force, cheap gas, and low interest rates. Stocks in review are CarMax Inc. (NYSE: KMX), AutoNation Inc. (NYSE: AN), Penske Automotive Group Inc. (NYSE: PAG), and Copart Inc. (NASDAQ: CPRT). Learn more about these stocks by downloading their comprehensive and free reports at:


Richmond, Virginia-based CarMax Inc.'s shares rose 1.60% and finished Monday's trading session at $60.51. A total volume of 1.45 million shares was traded. In the last month and the previous three months, the stock has advanced 9.56% and 19.49%, respectively. Additionally, the Company's shares have gained 12.12% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 13.61% and 16.45%, respectively. Moreover, shares of CarMax, which through its subsidiaries, operates as a retailer of used vehicles in the US, have a Relative Strength Index (RSI) of 69.20.

On August 3rd, 2016, CarMax announced that its board of directors has elected John T. Standley to membership on the board, bringing total board membership to 12. Standley will serve on the Audit Committee. Mr. Standley is the chairman and chief executive officer of Rite Aid Corporation. He has served as CEO since 2010 and chairman of the board since 2012. KMX complete research report is just a click away and free at:


On Monday, shares in Fort Lauderdale, Florida headquartered AutoNation Inc. recorded a trading volume of 1.68 million shares, which was above their three months average volume of 1.21 million shares. The stock ended the session 0.86% higher at $49.26. The Company's shares have gained 5.55% in the previous three months. The stock is trading 0.25% below its 50-day moving average. Furthermore, shares of AutoNation, which through its subsidiaries, operates as an automotive retailer in the US, have an RSI of 47.02.

On July 29th, 2016, AutoNation reported Q2 2016 net income from continuing operations of $112 million, or $1.08 per share, compared to net income from continuing operations of $115 million, or $1.00 per share, for the same period in the prior year. The company generated revenue of $3.072 billion in the reported quarter as compared to revenue of $2.97 in the year ago period.

On August 09th, 2016, research firm Seaport Global Securities initiated a 'Neutral' rating on the Company's stock. The complimentary report on AN can be downloaded at:

Penske Automotive Group  

Shares in Bloomfield Hills, Michigan headquartered Penske Automotive Group Inc. closed the day at $42.84, climbing 3.78%. The stock recorded a trading volume of 1.56 million shares, which was above its three months average volume of 772,570 shares. The Company's shares have gained 24.26% in the last one month, 19.14% in the previous three months, and 3.53% on an YTD basis. The stock is trading 20.04% above its 50-day moving average and 13.81% above its 200-day moving average. Additionally, shares of Penske Automotive Group, which operates as a transportation services company, have an RSI of 73.97.

On July 28th, 2016, Penske Automotive Group announced that for the three months ended June 30, 2016, income from continuing operations attributable to common shareholders increased 0.6% to $94.7 million, and related earnings per share increased 6.7% to $1.11 when compared to the same period last year. The company's total automotive retail units increased 6.2% and total revenue increased 6.8% to $5.3 billion.

On August 09th, 2016, research firm Seaport Global Securities initiated a 'Neutral' rating on the Company's stock. Sign up for your complimentary research report on PAG at:


At the closing bell yesterday, shares in Dallas, Texas headquartered Copart Inc. ended 0.43% higher at $50.84 and with a total volume of 346,646 shares traded. The stock has advanced 1.88% in the last one month, 16.98% in the previous three months, and 33.75% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 2.53% and 21.99%, respectively. Furthermore, shares of Copart, which provides online auctions and vehicle remarketing services, have an RSI of 55.25.

On July 27th, 2016, Copart announced the opening of its first total loss vehicle storage and processing facility on mainland Europe as well as the first real time online auction of those vehicles in Spain. The new facility is located in Algete, on the outskirts of Madrid. Get free access to your research report on CPRT at:


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