Technical Analysis on CarMax Inc. and AutoNation Inc. - Strong Sales for Auto Dealerships
NEW YORK, NY--(Marketwire - Nov 12, 2012) - Auto dealerships, such as CarMax Inc. and AutoNation Inc., faced challenging times during recession lows as consumers put off purchasing big ticket items for brighter times. It seems that those times may have arrived. So far in 2012, with around 12 million units, auto sales are up 13.8 percent compared to last year. Pent up demand, a record average age of cars on the road and low interest rates are helping to boost sales, which reached 1,090,000 vehicles in October, up 6.8 percent year-over-year. StBulls.com has initiated technical analysis on CarMax Inc. (NYSE: KMX) and AutoNation Inc. (NYSE: AN) which serves the Auto Dealerships industry. These reports are free upon registration at
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Although third quarter financial results show vehicle sales improvements, some hurdles remain. A number of industry players reported dips in revenues per vehicle and competition remains extremely intense with thousands of independent dealers and private individuals in the business. Our technical analysis on AutoNation can be accessed at
http://www.stbulls.com/AutoNationInc12112012.pdf
Moreover, companies with a focus on used car sales have found their margins under pressure lately as manufacturers offer incentives and attractive pricing on new cars, thus reducing the appeal of used cars without lower prices. While challenges remain, the industry currently looks well positioned to finish 2012 on a high note. Read our technical analysis on CarMax by clicking on
http://www.stbulls.com/CarMaxInc12112012.pdf
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