For Immediate Release
Chicago, IL – July 10, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include AutoNation Inc. (AN), Ford Motor Co. (F), General Motors Company (GM), Toyota Motor Corp. (TM) and Honda Motor Co. (HMC).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Monday’s Analyst Blog:
AutoNation’s June Sales Climb 38%
AutoNation Inc. (AN) witnessed an outstanding performance in new vehicle sales in June 2012 compared with the corresponding month last year. Sales in the month soared 38% year over year to 22,862 vehicles. The hike was attributable to higher demand for imported vehicles along with higher sales across all segments.
Sales in the Domestic segment escalated 25% to 7,066 vehicles. The segment comprises retail automotive franchises that sell vehicles manufactured by Ford Motor Co. (F), General Motors Company (GM) and Chrysler.
Sales in the Import segment surged 56% to 11,579 vehicles. The segment comprises retail automotive franchises that sell vehicles produced by Toyota Motor Corp. (TM), Honda Motor Co. (HMC) and others.
AutoNation has recorded a 12% rise in new vehicle sales to 20,534 units in April 2012 and 45% growth in sales to 23,763 units in May 2012. The company registered nearly 31% increase in new vehicle sales in the second quarter of 2012. Domestic segment sales jumped 18%, Import segment sales went up 47% and Premium Luxury segment sales shot up 18% in the second quarter.
Auto sales in the U.S. recovered drastically in June 2012. Seasonally adjusted annual rate (:SAAR) went up 22% to 14.1 million vehicles, according to Autodata Corp. The major factors behind this remarkable improvement are lower gas prices, low interest rates and driving demand. Also, merchandising promotions (such as zero-interest loans) and price incentives ahead of Independence Day also encouraged consumers to buy new vehicles.
Headquartered in Fort Lauderdale, Florida, AutoNation is the largest automotive retailer in the U.S. The company owns and operates about 260 new vehicle franchises that sell 32 brands located in the major metropolitan markets in 15 states. The company offers an array of automotive products and services, ranging from new vehicles, used vehicles, vehicle maintenance and repair services, vehicle parts, vehicle protection products to other aftermarket products.
Currently, AutoNation retains a Zacks #2 Rank, which translates into a short-term (1 to 3 months) Buy rating. We have a long-term (more than 6 months) Neutral recommendation on the stock.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339
More From Zacks.com
- General Motors Company