Financial News

The U.S Labor Department, in the week ending Aug. 1, announced the advance figure for seasonally adjusted initial unemployment claims was 1,186,000, a decrease of 249,000 from the previous week’s…
KAR Auction Services Inc. reported its second quarter financial results for the period ended June 30, 2020. The company reported revenue of $419.0 million as compared with revenue of $719.1…
Hyundai Motor America reported total July sales of 57,677 units, a 1-percent increase compared with July 2019. Retail sales grew 4 percent, the third consecutive month of increasing retail sales.…
Group 1 Automotive Inc., an international, Fortune 500 automotive retailer, announced the pricing of its private placement of $550 million in aggregate principal amount of its 4.000 percent senior unsecured…
Mazda North American Operations recently reported total July sales of 24,085 vehicles, an increase of 3.4 percent compared to July 2019. Year-to-date sales totaled 152,954 vehicles, a decrease of 5.5…
Cars.com. reported a 31 percent year-over-year revenue drop as it recently released its financial results for the quarter ended June 30, 2020. Revenue of $102.0 million was down $46.2 million…
GWC Warranty announced significant updates to their core vehicle service contract that allow dealers to provide even better levels of coverage and more options for consumers. These enhancements to the…
Group 1 Automotive Inc., an international, Fortune 500 automotive retailer, reported 2020 second quarter net income of $30.2 million, diluted earnings per common share of $1.63, adjusted net income (a…
Sonic Automotive reported an “all-time record monthly profit in June” as part of its financial results for the second quarter ended June 30, 2020. Earnings per diluted share from continuing…