Automotive Retail

J.P. Morgan is out with its report today on Group 1 Automotive (NYSE: GPI), raising its PT from $48 to $56. In a note to clients, J.P. Morgan writes, "2Q beat coupled with recently announced acquisitions lead us to raise our 2011e EPS to $3.75 (vs. $3.40 earlier), 2012e EPS to $4.30 (vs. $4.00...

Bank of America has raised the price objective on Group 1 Automotive (NYSE: GPI) from $50 to $52.50 and maintains its Buy rating.

JP Morgan has raised the price target on Group 1 Automotive (NYSE: GPI) from $48 to $56 and maintains its Overweight rating.

JP Morgan has raised the price target on Sonic Automotive (NYSE: SAH) from $15 to $16 and maintains its Neutral rating.

Symantec Corporation (NASDAQ: SYMC) is expected to report its Q1 EPS at $0.37 on revenue of $1.59 billion. Corning Incorporated (NYSE: GLW) is projected to report its Q2 EPS at $0.47 on revenue of $1.96 billion. Visa Inc (NYSE: V) is projected to report its FQ3 EPS at $1.23 on revenue of $2.30...

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to...

Penske Automotive Group, Inc. (NYSE: PAG) today announced that its Board of Directors has declared a cash dividend of $0.08 per share, representing an increase of 14% over the $0.07 dividend paid in the previous quarter.

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and entry/exit points become more defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to lowest):...

Gilford Securities reiterated its Monro Muffler Brake (NASDAQ: MNRO) Hold rating in a research report published today. Gilford Securities has previously given Monro Muffler Brake a $36.50 price target. In the report, Gilford Securities states, "Monro is positioned to benefit from vehicle scheduled...

Below is a list of several stocks to watch this week. Each week I publish stocks to watch for the upcoming week as potential momentum trades or longer-term investments. The stocks below all have a 50k minimum average daily share volume and traded at a 52-week high on strong volume, with a...

The earnings crunch continues this week even as the month of July winds to a close. Quarterly reports of note scheduled for the week include those from Netflix (NASDAQ: NFLX), United Parcel Service (NYSE: UPS), Exxon Mobil (NYSE: XOM), Starbucks (NASDAQ: SBUX), Merck (NYSE: MRK) and Dow Chemical (...

Overall, retail sales have sputtered in recent reports. But not all is doom and gloom in the sector; here are seven retail stocks that are on a tear. All of them hit 52-week highs yesterday, and all are up more than 20% since the beginning of the year (or in one case, since its IPO earlier this...

According to J.P. Morgan, Penske Automotive Group (NYSE: PAG) Neutral rating is maintained. J.P. Morgan said that it left FY2011 and FY2012 EPS unchanged primarily because we are now penciling higher SG&A. “We continue to expect gross margins of new and used vehicles to decline as inventories...

Goldman Sachs made a number of updates on the car parts sector in a research report published today. Advance Auto Parts (NYSE: AAP) had its rating reiterated at Neutral. At the same time, its price target was reduced from $67 to $66. On Thursday, AAP added 0.05% to its value to end the day at $55....

Wells Fargo has downgraded AutoNation (NYSE: AN) from Market Perform to Underperform.