Automotive Retail

US stock futures are lower this morning, as investors are awaiting the latest interest-rate decision from the Federal Reserve. The Greek government won a key confidence vote late Tuesday. Futures on the Dow Jones Industrial Average dipped 24 points to 12,064.00 and futures on the S&P 500 stock...

Paychex Inc (NASDAQ: PAYX) is projected to report its FQ4 earnings at $0.33 per share on revenue of $515.91 million. FedEx Corp (NYSE: FDX) is estimated to post its FQ4 earnings at $1.72 per share on revenue of $10.42 billion. Red Hat Inc (NYSE: RHT) is estimated to post its Q1 EPS at $0.22 on...

Some of the stocks that may grab investor focus today are: Wall Street expects Bed Bath & Beyond Inc (NASDAQ: BBBY) to post its Q1 earnings at $0.63 per share on revenue of $2.08 billion. BBBY shares dropped 0.16% to $53.97 in after-hours trading. Adobe Systems Inc (NASDAQ: ADBE) posted a 54...

Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today named Scott Krenz as the company's Senior Vice President and Chief Financial Officer, effective June 27. Krenz will succeed former CFO Craig T. Monaghan, who in February accepted...

Goldman Sachs, which lowered its PT on shares of CarMax (NYSE: KMX), is providing some color on the stock. “We lower our 1Q EPS estimate into Wednesday's print and now look for $0.45 vs. $0.48 prior, $0.44 a year ago, and $0.47 consensus,” Goldman Sachs writes. “The reduction is primarily the...

Group 1 Automotive (NYSE: GPI) today announced that effective July 1, it is consolidating its regional structure in the United States from three into two regions. In conjunction with this consolidation, Group 1 announced several personnel changes within its regional and corporate operations....

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Lithia Motors Inc (NYSE: LAD) is “way too speculative for you. I'd go with Carmax (NYSE: KMX) or with AutoNation (NYSE: AN)." For Kinder Morgan Energy Partners (NYSE: KMP), Jim said, "People didn't like the secondary. I say that'...

Goldman Sachs is out with its report today on CarMax (NYSE: KMX), maintaining Neutral. In a note to clients, Goldman Sachs writes, "We note net charge-offs have now out-performed seasonal trends in 9 of the last 10 months, in periods of both rising and falling delinquencies, suggesting that strong...

Goldman Sachs has changed price targets on the following companies: Advance Auto Parts (NYSE: AAP) From $70.00 to $67.00 Bed, Bath & Beyond (NASDAQ: BBBY) From $62.00 to $60.00 Dick's Sporting Goods (NYSE: DKS) From $46.00 to $45.00 Genuine Parts Company (NYSE: GPC) From $52.00 to $51.00...

Group 1 Automotive (NYSE: GPI) today announced that it acquired the Shamaley Ford and Shamaley Buick-GMC dealerships in El Paso, Texas. The dealerships are expected to generate $190.0 million in total estimated annual revenues. "The acquisition of Shamaley Ford and Shamaley Buick-GMC will...

Oppenheimer has lowered its price target from $41 to $38 on CarMax (NYSE: KMX) in advance of Q1 results, which are to be released on June 22. In the report, Oppenheimer writes, “We have for some time looked upon CarMax as one of the most attractive mid-cap names within the Hardlines Sector. Our...

CarMax (KMX) shares have retreated of late, with investors pushing shares from a 52-week high at $37.02 earlier this year to a price in the mid- to high 20′s. Investors are overly concerned with a weak macro environment because CarMax's no-haggle business model continues to work. For the FY ended...

CarMax (KMX) shares have retreated of late, with investors pushing shares from a 52-week high at $37.02 earlier this year to a price in the mid- to high 20′s. Investors are overly concerned with a weak macro environment because CarMax's no-haggle business model continues to work. For the FY ended...

Jefferies is maintaining its Hold rating and its $28 price target on America's Car-Mart (NASDAQ: CRMT) following the release of the company's F4Q11 results. Says Jefferies, in the report, “CRMT reported FQ411 diluted EPS of $0.78 or $0.10 above Street consensus of $0.68. Positives for the quarter...

The Consumer Services Sector is putting in 0.4% loss today. The biggest losing stocks in the sector are: 1) Abercrombie & Fitch (NYSE: ANF): Currently trading down 5% from yesterday's close to $66.37. The stock has lost 14.4% since setting a 52-week high of $77.65 on May 31st. Shares broke...