Automotive Retail

Two new trades this morning with the possibility of another two should Hatteras Financial (HTS) trigger at $28.69 and United Healthcare (UNH) at $50.21. The two that I got in this morning are doing well so far, despite little movement out of the broader markets at this point. The first one is Jabil...

TravelCenters Of America (NYSE: TA) Reports EPS of $(0.93) vs. $(1.03) Estimate

Cusick's Corner So where's the market going? If I knew that I wouldn't be writing this piece. But I can look to the options marketplace for clues by pricing the at-the-money straddles, buying a call and a put at the same strike price in the same expiration month. Straddle traders are usually...

Market is getting hammered yet again today and commodities, in particular Silver (SLV) far worse - down over 28% from its highs. The main thing is that we are trading below 1340 which was a key support level for this market - it'll be important for the S&P to recover that level by the close. As...

The Pep Boys – Manny, Moe & Jack (NYSE: PBY) today announced that it has acquired Big 10 Tires and Automotive. Big 10 currently operates 85 stores throughout Florida, Georgia and Alabama. Pep Boys was advised by Morgan Joseph TriArtisan LLC on the transaction.

Gainers (% price change): Volcom Inc. (VLCM) a designer, marketer and distributor of young men and young women clothing, footwear, accessories and related products under the Volcom brand name is trading at a price of $24.40, a dramatic change of +4.67 (23.67%) from its previous day's close....

AutoNation, Inc. (NYSE: AN) today announced that its retail new vehicle unit sales in April 2011, as reported to the applicable automotive manufacturers, totaled 18,266, an increase of 11% as compared to April 2010. AutoNation also announced that on May 3, 2011, its Board of Directors authorized...

Shares of AutoZone, Inc. (NYSE: AZO) are higher on the session by 0.57%, trading at $282.78. Overall put volume is now running at 2.49x the daily average, with 3% of all puts traded being purchases on the offer. 1,671 contracts have traded on the session so far. AutoZone, Inc. is a retailer and...

J.P. Morgan Chase & Co. is raising its price target on shares of AutoNation (NYSE: AN) to $33 from $29, and it has an Overweight rating on shares. In a note to investors, J.P. Morgan writes, "AN reported 1Q:11 EPS of $0.46, modestly ahead of JPMe ($0.44) driven by better-than-expected same-...

JP Morgan has raised the price target on AutoNation (NYSE: AN) from $29 to $33 and maintains its Neutral rating.

Cusick's Corner Equity markets continue to grind higher and the Big Caps are leading the way. Traders are watching the metals closely, more specifically Gold, GLD, and the strength in this trend is under some pressure. Now this does not mean that we won't get a headline that pops the metal, but...

According to Morgan Stanley, O'Reilly Automotive (NASDAQ: ORLY) EPS of $0.83 exceeded our estimate and the Street at $0.78 and guidance of $0.74-$0.78. Morgan Stanley said that the beat was driven by a higher than expected comp of 5.7% (est. 4%, guidance 3%-5%) and SG&A leverage of (91) bps to...

According to Goldman Sachs, O'Reilly Automotive (NASDAQ: ORLY) saw 1Q sales / expense beat. Goldman Sachs said that it prefers ORLY among its Neutral-rated auto parts retailers given its ongoing, company-specific, boost to same-store sales from integration of legacy CSK stores, and the capacity...

Jefferies is reiterating its Buy rating and $31PT on Expedia (NASDAQ: EXPE) to reflect good 1Q and improving fundamentals on Hotels, which should translate into faster top-and-bottom line growth in 2H, solid growth in TripAdvisor, which bodes well for its planned spin-off, and attractive valuation...

Goldman Sachs has a Neutral rating and a $23 price target on shares of Penske Automotive Group (NYSE: PAG). In a note to investors, Goldman Sachs writes, "PAG reported 1Q11 EPS of $0.39 vs. our estimate of $0.37 and the Street estimate of $0.31. We are adjusting our 2011/2012/2013 estimates to $1....