Why the Japanese Yen Depreciated Last Week
The Japanese yen (JYN) depreciated against the US dollar for a second consecutive week.
In November 2017, Volkswagen’s US sales fell 1.6% YoY (year-over-year) to 29,207 vehicle units.
According to data compiled by Reuters, 40% of the 25 analysts covering Fiat Chrysler (FCAU) gave it a “buy” recommendation.
In November 2017, the American division of Honda Motor (HMC) reported a YoY (year-over-year) increase of 8.3% in its US sales.
In November 2017, Toyota Motor (TM), the largest Japanese automaker, reported a 3% YoY (year-over-year) fall in its US sales to 191,617 vehicles.
In November 2017, Fiat Chrysler Automobiles (FCAU) sold 1,440 car units of its luxury brand Alfa Romeo in the US market compared to just 23 in November 2016.
In November 2017, Fiat Chrysler Automobiles’ (FCAU) total US sales fell to 154,919 vehicles. That was 4% lower than November 2016 sales of 160,827 vehicle units.
US auto sales fell 1.3% YoY in November. US legacy auto giants are focusing on improving profitability and retail market share.
As of December 6, 2017, GM’s EV-to-EBITDA multiple was 7.7x, which was much lower than Ford’s at 13.5x.
According to data compiled by Reuters, only 20% of the analysts covering Ford (F) stock have given it a “buy” recommendation.
In the first 11 months of 2017, General Motors’ (GM) Chevrolet brand’s retail sales fell marginally by 0.9% on a YoY (year-over-year) basis.
In November 2017, Ford Motor (F) sold 91,601 truck units, an increase of 4.1% on a YoY (year-over-year) basis.
In November 2017, US sales for Ford Motor’s (F) F-Series truck totaled 72,769 units. That was a gain of 0.9% on a YoY (year-over-year) basis.
Ford Motor (F) sold 210,771 vehicle units in the US market in November. That’s a rise of 6.7% from November 2016.
US auto sales in November 2017 were 1.4 million vehicle units, which was 1.3% higher than sales in November 2016 and October 2017.
According to data compiled by Reuters, 44% of the analysts covering AutoZone stock (AZO) gave it a “buy,” 52% gave it a “hold,” and 4% gave it a “sell.”
As of December 5, AutoZone’s forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple was 9.8x.
According to Wall Street analysts’ consensus estimates, the positive trend in AutoZone’s earnings is expected to continue in 2Q18.
In 1Q18, AutoZone’s gross profit margin was at 52.8%—nearly flat compared to 52.7% a year ago. In 1Q17, it reported a gross profit margin of 52.8%.
AutoZone’s store count increased to 5,480 at the end of 1Q18 in its home market. AutoZone opened five new retail stores in Mexico.