-
J.P. Morgan Maintains Neutral on AutoZone (AZO)
Thursday, March 3, 2011 - 9:55am | 101J.P. Morgan is out with its report today on AutoZone (NYSE: AZO), maintaining Neutral. In a note to clients, J.P. Morgan writes, "Maintain Neutral Rating, December 2011 PT of $240. While secular tailwinds remain strong and AZO is effectively growing its commercial business rapidly, we expect sales...
-
Gabelli & Company Maintains Autozone Buy (AZO)
Wednesday, March 2, 2011 - 10:37am | 110Gabelli & Company maintained its Autozone (NYSE: AZO) Buy rating in a research report published today. In the report, Gabelli states, "While we are cautious that spikes in gas prices above $4 per gallon could potentially alter consumer buying habits as they did in 2008, we believe our FY11 EPS...
-
Update: Goldman Raising Price Target On AutoZone (AZO)
Wednesday, March 2, 2011 - 9:07am | 220Goldman Sachs is out with a research report on AutoZone Inc. (NYSE: AZO) and is raising its price target to $262 from $258, but is keeping its Sell rating. In a note to clients, Goldman writes, "AZO posted 2QFY11 results which were legitimately better than expected, marked by new market share gains...
-
Zings Of The Day (GIS, PBY)
Tuesday, March 1, 2011 - 5:32pm | 103Pep Boys (NYSE: PBY) decided to stop selling itself after it could not fetch a high enough price. I guess the heads of Manny, Moe & Jack got too big for their own britches. General Mills Inc. (NYSE: GIS) and Nestle SA are vying to buy a 50% stake in Yoplait. Whoever wins, just keep making...
-
Citi Gives Color On AutoZone Following Recent Earnings Report
Tuesday, March 1, 2011 - 10:41am | 155AutoZone (NYSE: AZO) reported EPS of $3.34 vs. Citi's estimate of $3.02, and street of $3.07. The beat was driven by better sales, higher GM%, slightly better SGA% and share buybacks. Citi views this as a high quality beat, with upside generated across the P&L. AZO repurchased 1.5 million...
-
News Summary
Tuesday, March 1, 2011 - 10:34am | 185Shares of CenterPoint Energy Inc (NYSE: CNP) gained about 0.1% after the company reported its Q4 earnings at $124 million, or $0.29 per share, versus $105 million, or $0.27 per share, in the year-earlier period. The company's operating income increased to $302 million from $299 million. CNP's...
-
A Peek Into The Market Before The Trading Starts
Tuesday, March 1, 2011 - 8:29am | 423Pre-open movers US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 71 points to 12,285, while those for the S&P 500 index gained 5.50 points to 1,332. Futures for the Nasdaq 100 index climbed 13.50 points to 2,...
-
AutoZone Reports Q2 EPS of $3.34
Tuesday, March 1, 2011 - 8:06am | 55AutoZone Inc (NYSE: AZO) reports its Q2 EPS at $3.34, versus the consensus of $3.05. AZO reports its Q2 revenue at $1.7 billion, versus the consensus of $1.63 billion. AZO shares gained 0.79% to $260.00 in after-hours trading. Read more from Benzinga's Company news.
-
Asbury Automotive Group Chairman Sells 107,365 Shares of ABG
Monday, February 28, 2011 - 5:30pm | 55In a Form 4 filed earlier today, Asbury Automotive Group (NYSE: ABG) Chairman of the Board, Charles Oglesby, reported that he sold 107,365 shares of ABG on February 24th-25th for an average price of $18.31. The transaction totaled $1,965,918. Mr. Oglesby owns 52,268 direct shares of ABG. Source:...
-
Jefferies Comments On CRMT's "Near Perfect Operating Environment"
Wednesday, February 23, 2011 - 10:36am | 115America's Car-Mart (NASDAQ: CRMT) has enjoyed a “near perfect operating environment for the past 18-24 months,” Jefferies reports. “While CRMT is likely to remain the dominant player in the buy-here pay-here auto space, we see the environment becoming incrementally less attractive over the next 12-...
-
UPDATE: J.P. Morgan Color On AN 4Q
Wednesday, February 23, 2011 - 10:20am | 196J.P. Morgan, which raised its PT on shares of AutoNation, Inc. (NYSE: AN), is providing some color on the stock. “We revise our 2011 and 2012 EPS estimates to $1.90 (vs. $1.65 earlier) and $2.20 (vs. $1.85 earlier), respectively, after the company reported 4Q:10 EPS of $0.45, notably ahead of JPMe...
-
Goldman Sachs Raises Sonic Automotive PT To $16 (SAH)
Wednesday, February 23, 2011 - 10:17am | 113Goldman Sachs raised its Sonic Automotive (NYSE: SAH) price target from $15 to $16 in a research report published today. In the report, Goldman Sachs states, "4Q10 EPS of $0.30 was above our expectation of $0.28 and the Street estimate of $0.26. We are raising our 2011/2012 estimates to $1.29/$1.58...
-
Benzinga's Top Downgrades (EXPD, NFLX, FRX, AN)
Wednesday, February 23, 2011 - 9:26am | 132Expeditors International of Washington Inc (NASDAQ: EXPD) was downgraded by Credit Suisse from "outperform" to "neutral." EXPD's shares closed at $49.04 yesterday. EXPD's PEG ratio is 2.37. Needham downgraded Netflix Inc (NASDAQ: NFLX) from “hold” to “underperform.” NFLX' stock closed at $221.60...
-
JP Morgan Raises PT On AutoNation To $29
Wednesday, February 23, 2011 - 8:53am | 27JP Morgan has raised the price target on AutoNation, Inc. (NYSE: AN) from $24 to $29 and maintains its Neutral rating.
-
Soleil Downgrades AN To Hold
Wednesday, February 23, 2011 - 7:37am | 49Analysts at Soleil downgrade AutoNation Inc (NYSE: AN) from “buy” to “hold.” The target price for AN has been raised from $33 to $35. AN shares dropped 2.59% to close at $33.50 yesterday. More Analyst Ratings here