Automotive Retail

AutoZone Inc. (AZO) has posted a 14% increase in profit to $268.9 million or $5.66 per share in the fourth quarter of its fiscal 2010 ended August 28, 2010 from $236.1 million or $4.43 per share in the year-ago quarter. With this, the automotive retailer has exceeded the Zacks Consensus Estimate of...

CarMax, Inc. (NYSE: KMX) has been upgraded to Outperform (from Market Perform) by Wells Fargo. CarMax, Inc. closed yesterday at $23.65 and currently has a valuation range of $28-29.

For Immediate Release Chicago, IL – September 20, 2010 – Zacks.com Analyst Blog features: ProShares UltraShort 20+ Year ETF (TBT), Pfizer (PFE), Merck (MRK) and Ford (F). and CarMax (KMX). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://...

US futures fell as the investors moved to the sidelines, awaiting the Federal Reserve decision on the monetary policy, today. Futures on the Dow Jones Industrial Average fell 6 points to 10,665 and S&P 500 futures moved down 0.90 points to 1,136. Nasdaq 100 futures lost 0.75 points to 1,981....

AutoZone (NYSE: AZO) plans to announce its 4Q earnings this morning followed by a conference call at 10. Citi is expecting $5.31 per share while the Street is at $5.44. Management has indicated that going forward, GMs should benefit from direct sourcing and supply chain initiatives. In Q3,...

AutoZone Inc (NYSE: AZO) is expected to report its FQ4 earnings of $5.44 per share on revenue of $2.4 billion. ConAgra Foods Inc (NYSE: CAG) is likely to post its FQ3 EPS of $0.39 on $2.96 billion in revenue. Carnival Corp (NYSE: CCL) is estimated to report its FQ3 earnings of $1.47 per share on...

Some of the stocks that may grab the investor focus today are: Wall Street expects Adobe Systems Incorporated (NASDAQ: ADBE) to post its FQ3 profit at $0.49 per share. ADBE's shares gained 0.12% to $33.15 in after-hours trading. Gardner Denver Inc (NYSE: GDI) has appointed Michael Larsen as the...

• Safran agreed to acquire L-1 Identity (NYSE: ID) for $1.6 billion cash, or $12 per share • General Growth Properties (NYSE: GGP) paid $230 million to Howard Hughes heirs to settle a dispute • Goldman Sachs (NYSE: GS) upgraded Freeport-McMoRan (NYSE: FCX) to "buy" from "neutral," taking the price...

Analysts at Wells Fargo Securities upgraded CarMax Inc (NYSE: KMX) from “market perform” to “outperform” mentioning that KMX is likely to beat expectations, especially in the latter half of the year. Wells Fargo Securities added there were close to six longer term opportunities for KMX that had not...

Analysts at Wells Fargo Securities upgraded CarMax Inc (NYSE: KMX) from “market perform” to “outperform” mentioning that KMX is likely to beat expectations, especially in the latter half of the year. Wells Fargo Securities added there were close to six longer term opportunities for KMX that had not...

Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Acadia Realty Trust (AKR) Actel Corp (ACTL) Arrow Electronics Inc (ARW) Asbury Automotive Group Inc (ABG) Avnet Inc (AVT) View the entire Zacks #1 Rank List.    ASBURY AUTO GRP (ABG): Free Stock Analysis Report ACTEL CORP (...

AutoNation, Inc. (NYSE: AN) is seeing normalized auto demand in the 15-16M range with uncertain timing and hopes to return to a more normal credit environment that will allow for a SAAR of 12-13M, 15M with sustained jobs and housing recovery, Goldman Sachs reports. Political uncertainty is another...

Goldman Sachs is reiterating its Buy rating on shares of Group 1 Automotive, Inc. (NYSE: GPI), after it met with company management yesterday. In the research note, Goldman writes, "New vehicles: While long-term new vehicle gross margins should return to 6%-6.5% levels, the company believes they...

Asbury Automotive Group, Inc.’s (ABG) MACD indicator has entered into bullish territory with a reading of 0.086. The Zacks #1 Rank (“Strong Buy”) stock rose more than 1.5% to $12.98 in morning trade. The Zacks Consensus Estimate for the year ending December 2010 has increased 19 cents over the past...