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:
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:
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:
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:
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:
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