What's Happening With These Auto Dealerships Stocks? -- Cars.com, Carvana, CarMax, and Penske Automotive
Jan 18, 2018, 06:20 ET
NEW YORK, Jan. 18, 2018 /PRNewswire/ --
WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on CARS, CVNA, KMX, and PAG which can be accessed for free by signing up to www.wallstequities.com/registration. In today's pre-market research, WallStEquities.com presents for review Cars.com Inc. (NYSE: CARS), Carvana Co. (NYSE: CVNA), CarMax Inc. (NYSE: KMX), and Penske Automotive Group Inc. (NYSE: PAG). Companies in the Auto Dealerships industry engage in retail sales of new and used passenger cars, light trucks, SUVs, and passenger and cargo vans. All you have to do is sign up today for this free limited time offer by clicking the link below.
www.wallstequities.com/registration
Cars.com
On Wednesday, shares in Chicago, Illinois headquartered Cars.com Inc. saw a slight decline of 0.58%, ending the day at $30.78. The stock recorded a trading volume of 618,308 shares. The Company's shares have advanced 12.29% in the last month and 13.62% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 15.44% and 17.90%, respectively. Moreover, shares of Cars.com, which operates as an online research destination for car shoppers, have a Relative Strength Index (RSI) of 65.51.
On January 05th, 2018, research firm B. Riley FBR, Inc. reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $32 a share to $36 a share.
On January 08th, 2018, Cars.com announced the appointment of Bala Subramanian as a non-executive member of its Board of Directors. The addition of Subramanian follows a comprehensive search process that concluded when the Board approved his candidacy on December 15th, 2017. Get the full research report on CARS for free by clicking below at: www.wallstequities.com/registration/?symbol=CARS
Carvana
Shares in Phoenix, Arizona headquartered Carvana Co. ended the day 0.63% lower at $20.38 with a total trading volume of 142,215 shares. In the previous three months, the stock has surged 45.57%. The Company's shares are trading above their 50-day and 200-day moving averages by 10.98% and 22.75%, respectively. Furthermore, shares of Carvana, which operates an ecommerce platform for buying used cars in the US, have an RSI of 55.02.
On December 28th, 2017, Carvana has grown its Texas presence to five markets, launching in Corpus Christi with free, as-soon-as-next-day vehicle delivery. Corpus Christi area residents can now shop more than 9,000 vehicles on the Company's site, and finance, purchase, trade in a car, and schedule free vehicle delivery for as soon as the next day. Today's complimentary research report on CVNA is accessible at: www.wallstequities.com/registration/?symbol=CVNA
CarMax
At the close of trading on Wednesday, shares in Richmond, Virginia-based CarMax Inc. finished 2.09% lower at $69.84 with a total trading volume of 1.66 million shares. The stock has advanced 4.10% in the last month and 5.07% over the past year. The Company's shares are trading above their 50-day and 200-day moving averages by 1.04% and 5.37%, respectively. Additionally, shares of CarMax, which through its subsidiaries, operates as a retailer of used vehicles in the US, have an RSI of 53.48.
On December 21st, 2017, CarMax reported its results for the three months ended November 30th, 2017. Total net sales and operating revenues for Q3 2017 increased to $4.11 billion, total gross profit increased to $539.2 million, and SG&A expenses increased to $399.7 million. CarMax Auto Finance income increased to $102.8 million for the quarter, net earnings increased to $148.8 million, and net earnings per diluted share rose to $0.81.
On January 08th, 2018, research firm Berenberg upgraded the Company's stock rating from 'Hold' to 'Buy'. Register now for your free research document on KMX at: www.wallstequities.com/registration/?symbol=KMX
Penske Automotive Group
Bloomfield Hills, Michigan headquartered Penske Automotive Group Inc.'s shares recorded a trading volume of 636,520 shares at the end of yesterday's session, which was above their three months average volume of 490,450 shares. The stock closed the day 0.21% higher at $52.36. The Company's shares have advanced 11.95% in the past month, 15.41% in the previous three months, and 0.10% over the past year. The stock is trading above its 50-day and 200-day moving averages by 8.92% and 16.13%, respectively. Additionally, shares of Penske Automotive, which operates as a transportation services company, have an RSI of 69.45.
On January 03rd, 2018, Penske Automotive announced that it has completed the acquisition of The Car People, one of the UK's leading retailers of used vehicles. The Car People retails high-quality, used vehicles at fixed retail prices as part of a transparent customer buying experience. Click on the link below and see our free report on PAG at: www.wallstequities.com/registration/?symbol=PAG
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