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New Appointments, Issuer Bid Exemptions and Accretive Acquisitions - Research Report on Advance Auto Parts, KAR, Magna, Lithia, and Group 1

Editor Note: For more information about this release, please scroll to bottom.


News provided by

Analysts' Corner

Dec 06, 2013, 08:00 ET

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NEW YORK, December 6, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Advance Auto Parts Inc. (NYSE: AAP), KAR Auction Services, Inc. (NYSE: KAR), Magna International, Inc. (NYSE: MGA), Lithia Motors Inc. (NYSE: LAD), and Group 1 Automotive Inc. (NYSE: GPI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Advance Auto Parts Inc. Research Report

On December 2, 2013, Advance Auto Parts Inc. (Advance Auto Parts) announced the appointment of Michael Creedon as President of Autopart International (AI). The Company reported that he will lead the Company's efforts to deliver on its unique value proposition of premium parts and expert service. "Mike is a natural fit with AI's high energy, people and customer centered culture. He is a highly engaged leader with a track record of growing profitability by focusing on the customer and delivering a superior service experience," said Jim Durkin, Senior Vice President, Commercial Business. The Company informed that Mr. Creedon most recently served as Vice President and GM, Sensormatic, LLC - North America Sales and Operation. The Full Research Report on Advance Auto Parts Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://analystscorner.com/microwriter/link.php?s=DDD

http://www.analystscorner.com/r/full_research_report/9ee7_AAP

--

KAR Auction Services, Inc. Research Report

On November 21, 2013, KAR Auction Services, Inc. (KAR) announced Stephane St. Hilaire's appointment as President and CEO of ADESA, Inc., the Company's wholesale used vehicle auction, effective on January 6, 2014. KAR further reported that Tom Caruso will be appointed as the Chief Client Officer of KAR. "Tom has been instrumental in helping navigate one of the most difficult periods ever experienced in the auto industry through his leadership and strong customer development skills. This new appointment will allow Tom to directly focus on providing a total end-to-end remarketing solution to our wholesale used vehicle auction, salvage vehicle auction and floorplan financing customers," said Jim Hallett, CEO of KAR. The Full Research Report on KAR Auction Services, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://analystscorner.com/microwriter/link.php?s=

http://www.analystscorner.com/r/full_research_report/bee4_KAR

--

Magna International, Inc. Research Report

On November 22, 2013, Magna International Inc. (Magna) announced that the Ontario Securities Commission has issued an issuer bid exemption order permitting the Company to make private agreement purchases of Magna's Common Shares from an arm's length third-party seller. The Company informed that the actual number of Common Shares to be purchased under the Bid will be determined by the Company having regard to future price movements, and the Company's determination that such purchases would be an appropriate use of corporate funds and in the best interests of the Corporation, and other factors. The Full Research Report on Magna International, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://analystscorner.com/microwriter/link.php?s=

http://www.analystscorner.com/r/full_research_report/2e39_MGA

--

Lithia Motors Inc. Research Report

On November 7, 2013, Lithia Motors, Inc. (Lithia Motors) announced its acquisition of Geweke Toyota Scion in Lodi, California. The store will be named Lodi Toyota Scion and adds $40 million in estimated annual revenues. Bryan DeBoer, President and CEO, commented, "We are pleased to enter the Lodi market with our newest location in the San Joaquin Valley, near the Nissan Kia store we purchased in Stockton last month. We've had a number of acquisitions in the central valley in the past 30 days and we are excited to increase our presence in an ideal Lithia market. Additionally, this acquisition marks the tenth Toyota store Lithia operates. We look forward to continuing to expand our strong partnership with them in the future." The Full Research Report on Lithia Motors Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://analystscorner.com/microwriter/link.php?s=

http://www.analystscorner.com/r/full_research_report/5939_LAD

--

Group 1 Automotive Inc. Research Report

On November 12, 2013, Group 1 Automotive, Inc. (Group 1) announced its acquisition of Moritz BMW/MINI and Moritz Cadillac in Arlington, Texas. The Company informed that the dealerships will operate as BMW of Arlington, MINI of Arlington, and Cadillac of Arlington, which are together expected to generate $200 million in estimated annual revenues. Earl J. Hesterberg, Group 1's President and CEO, said, "Dallas, Texas is one of the largest and fastest growing luxury automobile markets in the U.S. These well-established businesses will give Group 1 a great platform for growth and will further expand our important, long-term relationship with BMW of North America," The Full Research Report on Group 1 Automotive Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://analystscorner.com/microwriter/link.php?s=

http://www.analystscorner.com/r/full_research_report/9e7b_GPI

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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