Automotive Retail

The economy weighed heavily on U.S. stocks on Thursday, as many observers wondered if the country was on the verge of entering a double-dip recession. Still, a few small-cap stocks managed to defy Wall Street's massive meltdown, offering some bright spots in an overall dismal market. Yesterday the...

Below are the top small-cap auto dealerships stocks on the NYSE and the NASDAQ in terms of cash. Rush Enterprises Inc (NASDAQ: RUSHB) had $146.29 million in total cash and $660.07 million in total debt for the latest quarter. Lentuo International Inc (NYSE: LAS) had $119.05 million in total cash...

Piper Jaffray is out with a research report on Impax Laboratories (NASDAQ: IPXL) and is lowering its price target to $32 from $33, and it has an Overweight rating after it reported earnings. In a note to clients, Piper Jaffray writes, "Yesterday, Impax reported 2Q11 adjusted diluted EPS of $0.22,...

AutoNation, Inc. (NYSE: AN) today announced that its retail new vehicle unit sales in July 2011, as reported to the applicable automotive manufacturers, totaled 18,949, a decrease of 4% as compared to July 2010. Retail new vehicle unit sales in July 2011 for AutoNation's operating segments were...

We believe CarMax (KMX) has the best business model in its, well, business. Other companies, like AutoNation (AN), Group 1 Automotive (GPI), Penske Automotive Group (PAG) and Sonic Automotive (SAH), have tried to mimic CarMax's business model in the past, but to no avail. The company has carved out...

Below are the top auto dealerships stocks on the NYSE and the NASDAQ in terms of cash. KAR Auction Services Inc (NYSE: KAR) had $243.60 million in total cash and $2.38 billion in total debt for the latest quarter. Copart Inc (NASDAQ: CPRT) had $192.15 million in total cash and $337.95 million in...

  Roberto Ongpin-chaired ISM Communications Corporation or simply ISM in the Philippine Stock Exchange made the headline yesterday when it announced its take over of the Philippine Bank of Communication (PBComm). ISM effectively bought a chunk totaling to 97.28% of the bank's entire outstanding...

J.P. Morgan is out with its report today on Lithia Motors (NYSE: LAD), raising its PT from $17.50 to $23. In a note to clients, J.P. Morgan writes, "We raise our 2011e EPS to $1.73, at the upper end of company guidance, and increase outer year EPS by $0.25-0.30. We raise our Dec-2011 price target...

This is your Benzinga news summary and traders' outlook for Thursday, July 28, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading flat as traders wait for the decision on the debt ceiling and the weekly...

JP Morgan has raised the price target on Lithia Motors (NYSE: LAD) from $17.50 to $23 and maintains its Neutral rating.

JP Morgan has raised the price target on AutoNation (NYSE: AN) from $33 to $35 and maintains its Neutral rating.

Cusick's Corner The market in the After Hours is trading below the lows of the day, and if this budget debacle does not get a resolution, well the market will take on water fast. I am going home in cash and I have a small short exposure in the bonds through a Bond put spread, if this debate could...

Shares of Penske Automotive Group (NYSE: PAG) are lower on the session by 2.05%, currently trading at $23.47. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while...

Here are today's Put/Call Ratio leaders… 1. Liberty Media (NASDAQ: LINTA) 12,100 puts, 38 calls 2. Collective Brands (NYSE: PSS) 4,398 puts, 53 calls 3. CarMax Group (NYSE: KMX) 5,724 puts 84 calls 4. Telvent GIT SA (NASDAQ: TLVT) 2,910 puts, 50 calls 5. Warner Chilcott (NASDAQ: WCRX) 3,067 puts,...

Shares of CarMax (NYSE: KMX) are lower on the session by 1.15%, currently trading at $32.76. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August...