Latest OnLine Editon  Read Here

carmax auction lot carmax auction lot

Research Firm Highlights Autos Featured

Stock-Callers.com spotlighted auto dealership groups in its recent stock research report.

It stated the auto dealership industry, which continues to benefit from an improved labor force, cheap gas and low interest rates. The firm reviewed CarMax Inc., AutoNation Inc., Penske Automotive Group Inc. and Copart Inc.

Richmond, Va.-based CarMax Inc.'s shares rose 1.6 percent and finished the Aug. 15 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 percent and 19.49 percent, respectively. Additionally, the company's shares have gained 12.12 percent since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 13.61 percent and 16.45 percent, respectively.

AutoNation Inc., Fort Lauderdale, Fla., recorded a trading volume of 1.68 million shares on Aug. 15, above its three months average volume of 1.21 million shares. The stock ended the session 0.86 percent higher at $49.26. The company's shares have gained 5.55 percent in the previous three months

Penske Automotive Group Inc., headquartered in Bloomfield Hills, Mich., closed recently at $42.84, climbing 3.78 percent. 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 percent in the last month and 19.14 percent in the previous three months.

At the closing bell Aug. 15, shares in Dallas-headquartered Copart Inc. ended 0.43 percent higher at $50.84 and with a total volume of 346,646 shares traded. The stock has advanced 1.88 percent in the last month and 16.98 percent in the previous three months.

Last modified on Tuesday, 16 August 2016 16:55
Consumer Reports Ranks Brands For Reliability

Consumer Reports Ranks Brands For Reliability

Toyota and Lexus once again finished atop the Consumer Reports’ Annual Auto Reliability Survey, but the news was the No. 3 finisher – Buick.The General Motors division became the first...

Mitsubishi Recalls Outlanders for Door Problems

Mitsubishi Recalls Outlanders for Door Problems

Mitsubishi Motors North America Inc is recalling 35,674 2016 Outlander and Outlander Sport vehicles. The inside door latch mechanisms may not latch securely in high temperatures, allowing the...

  • Research Firm Highlights Autos
    Research Firm Highlights Autos Stock-Callers.com spotlighted auto dealership groups in its recent stock research report.It stated the auto dealership industry, which continues to benefit from an improved labor force, cheap gas and low interest…
    Written on Tuesday, 16 August 2016 14:34
  • Auto Finance Tops $1 Trillion
    Auto Finance Tops $1 Trillion The total balance of open automotive loans climbed 11.1 percent in the first quarter surpassing the trillion-dollar mark for the first time on record, Experian Automotive reports.According to the most…
    Written on Friday, 15 April 2016 00:00
  • FTC Accuses Dealers of Yo-Yo Financing
    FTC Accuses Dealers of Yo-Yo Financing The Federal Trade Commission has charged nine Los Angeles-area auto dealerships and their owners with using a wide range of deceptive and unfair sales and financing practices. This is the…
    Written on Sunday, 02 October 2016 18:53
  • Car Harmony Partners with Westlake
    Car Harmony Partners with Westlake Car Harmony, an online car shopping service, introduced a new finance tool for car shoppers. In partnership with Westlake Financial Services, Car Harmony’s new tool prequalifies customers to build their…
    Written on Thursday, 28 July 2016 15:20
  • Black Book Inks Marketing Deal
    Black Book Inks Marketing Deal Black Book announced an agreement for Outkazt Media to distribute Bullseye Prospecting as a resource to streamline efficiencies and elevate profit potential in auto dealer customer campaigns. Bullseye Prospecting leverages…
    Written on Tuesday, 19 July 2016 15:35
  • Delinquencies Rise, Outlook Remains Stable
    Delinquencies Rise, Outlook Remains Stable The seasonably slow summer months are translating to notable increases in annualized losses and delinquencies for U.S. subprime auto loan ABS, according to the latest index results from Fitch Ratings.…
    Written on Thursday, 25 August 2016 14:00
  • Auto Finance Remains Strong, But Concerns Increase
    Auto Finance Remains Strong, But Concerns Increase Delinquencies and losses on prime auto loan ABS remained historically low through June, despite slow growth in the U.S. economy, according to Fitch Ratings. Most economic factors that affect ABS…
    Written on Friday, 05 August 2016 14:32
  • Bank Launches Floor Plan Program
    Bank Launches Floor Plan Program Republic Bancorp Inc. recently rolled out its new dealer floor plan lending platform. The bank made the move to further diversify its loan product mix and complement its indirect auto-lending…
    Written on Tuesday, 26 July 2016 13:28
  • Lender Relationships Critical to Dealer Success
    Lender Relationships Critical to Dealer Success The relationships auto finance providers develop with dealerships are critical to dealer satisfaction and to remaining competitive in the market, especially as the new-vehicle sales market tightens, according to the…
    Written on Monday, 15 August 2016 14:53
  • New-Car Prices Rise
    New-Car Prices Rise The estimated average transaction price (ATP) for light vehicles in the United States was $34,264 in July, according to Kelley Blue Book. New-car prices have increased by $832 (up 2.5…
    Written on Tuesday, 02 August 2016 15:03