Titan Machinery (TITN) in Focus: Stock Falls 6.8%

Zacks Equity Research

Titan Machinery, Inc. (TITN) saw a big move last session, as the company’s shares fell by nearly 7 % on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for TITN, as the stock is now down nearly 18% in the past one month time frame.
 
This Automotive Retailer has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
 
TITN currently has a Zacks Rank # 3 (Hold) while its Earnings ESP is 0.00%.
 
Some better-ranked stocks in the Wholesale Automotive industry include Lithia Motors Inc. (LAD), Penske Automotive Group, Inc. (PAG) and Rush Enterprises, Inc. (RUSHA). While Lithia Motors holds a Zacks Rank #1 (Strong Buy), Penske Automotive Group and Rush Enterprises carry a Zacks Rank #2 (Buy).
 
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TITAN MACHINERY INC (TITN): Free Stock Analysis Report

RUSH ENTERPRISES INC CL A (RUSHA): Free Stock Analysis Report

PENSKE AUTOMOTIVE GROUP INC (PAG): Free Stock Analysis Report

LITHIA MOTORS INC (LAD): Free Stock Analysis Report


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