Automotive Retail

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Sonic Automotive (NYSE: SAH) is a “great buy.” He added, “AutoZone (NYSE: AZO) has been great, Carmax (NYSE: KMX) has been great and Sonic Automotive is good, too. I think they're fabulous investments." For TIBCO Software (...

Advance Auto Parts (NYSE: AAP) has launched a home delivery service and parts program called “DIY Home Delivery.” “We're always listening to our customers,” says Advance Auto Parts CEO Darren Jackson. “And they needed us to bring convenient solutions to them in the moment—and that's not always in...

Penske Automotive Group, Inc. (NYSE: PAG) today announced the acquisition of Mercedes-Benz of Greenwich, located in Greenwich, Connecticut. This franchise complements the Company's existing operations in the Connecticut market, which include Audi, Mercedes-Benz and Porsche in Fairfield and Honda in...

Morgan Keegan is out with its report today on Monro Muffler/Brake (NASDAQ: MNRO), maintaining Outperform. In a note to clients, Morgan Keegan writes, "MNRO will release earnings on July 21st. Our Q1 EPS estimate is in line with the Street at $0.46 (Guidance: $0.44-$0.47). We maintain our...

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to lowest): 1) SPDR Gold Shares (NYSE: GLD):...

Penske Automotive Group, Inc. (NYSE: PAG) today announced the acquisition of the Crevier BMW and MINI franchises in Santa Ana, California. These franchises complement the Company's existing operations in this market. Crevier BMW and MINI are situated within the Santa Ana auto mall, which also...

Deutsche Bank made a number of updates in a research report published today. OfficeMax (NYSE: OMX) had its rating maintained at Hold. At the same time, its price target was reiterated at $11.50. On Monday, OMX lost 3.58% of its value to finish the day at $7.28. Office Depot (NYSE: ODP) had its...

Sonic Automotive, Inc. (NYSE: SAH) announced today that it has entered into an amendment and extension of its existing syndicated credit facilities that were scheduled to mature in August 2012. The amended syndicated credit facilities, which mature in August 2016, provide for the following: up to...

Asbury Automotive Group, Inc. (NYSE: ABG) today announced that it has rescheduled to an earlier date and time the release of its second quarter financial results in order to better accommodate the investor community interested in listening to Asbury's results as well as the results of the other...

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session (listed from highest total volume to lowest): 1) Shares of Level 3 Communications hit...

Group 1 Automotive, Inc. (NYSE: GPI) today announced that it has completed a $1.35 billion five-year revolving syndicated credit facility with 21 financial institutions that will expire in June 2016 and can be expanded to $1.6 billion total availability.

Shares of Ameron International Corp (NYSE: AMN) gained about 27% after National-Oilwell Varco Inc (NYSE: NOV) announced its plans to pay $85 per share in cash to acquire Ameron in a deal valued at $772 million. The purchase price values AMN at 28% premium over its closing price of $66.27 per share...

AutoNation Inc (NYSE: AN) reported a 3% y/y rise in its June retail new vehicle unit sales. AutoNation's retail new vehicle unit sales in June came in at 16,564 units. AutoNation's retail new vehicle unit sales in June for domestic segment surged 18% to 5,638 from June 2010. AutoNation reported 1...

AutoNation, Inc. (NYSE: AN) today announced that its retail new vehicle unit sales in June 2011, as reported to the applicable automotive manufacturers, totaled 16,564, an increase of 3% as compared to June 2010. Retail new vehicle unit sales in June 2011 for AutoNation's operating segments were as...

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...