Penske Automotive Group Inc
Key analysis of Lithia’s used vehicle operations
The larger share of CPOs and core vehicles in its sales mix drives Lithia’s significant lead in same-store gross profit per vehicle.
How Did PACCAR Perform in 1Q16?
PACCAR (PCAR) has a market cap of $20.5 billion. PCAR rose by 5.1% to close at $58.93 per share on April 26, 2016.
Copart Reports Mixed Quarterly Results
Copart (CPRT) has a market cap of $4.35 billion. Its YTD price movement is going down at a steady pace. After the 4Q15 earnings report, CPRT fell 2.05% to close at $34.37 per share.
Why High Yield Bond Market Issuance Gained Traction Last Week
High yield bond issuance activity gained traction last week on improved Market sentiment. The total US dollar-denominated issuance of high yield debt is $60.8 billion in 2016 YTD.
PACCAR Saw Revenues Trucking Along in 2Q16
PACCAR (PCAR) has a market cap of $20.3 billion. It rose by 4.4% to close at $58.36 per share on July 26, 2016.
Longbow Research Downgrades PACCAR to ‘Underperform’
PACCAR (PCAR) is trading 1.9% above its 20-day moving average, 1.1% below its 50-day moving average, and 4.1% above its 200-day moving average.
PACCAR Declares Quarterly Dividend of $0.24 per Share
PACCAR (PCAR) has a market cap of $18.6 billion. It rose by 1.7% to close at $53 per share on July 11, 2016.
JPMorgan Chase Downgrades PACCAR to ‘Underweight’
PACCAR (PCAR) has a market cap of $17.1 billion. Its stock fell by 6.0% to close at $48.88 per share on June 27, 2016.
Why Goldman Sachs Downgraded Paccar to ‘Neutral’
Paccar (PCAR) has a market cap of $19.2 billion. It fell by 2.4% to close at $54.90 per share on June 3, 2016.
PACCAR’s Revenue and Income Rose in 2015
PACCAR (PCAR) rose by 5.5% to close at $49.07 per share at the end of the last week of January 2016.
Reading Copart’s Fiscal 1Q16 Results: Falls in Revenue and Income
After the company’s 1Q16 earnings report, Copart’s stock rose by 1.36% to close at $37.20 per share as of November 23, 2015.
How Has Copart Performed Compared to Its Peers?
Copart’s competitors have outperformed Copart based on gross profit margin, EPS, and PE. However, based on the current ratio and PB, Copart has performed well compared to its peers.
Lear: A global leader in automotive seating and electrical systems
Lear (LEA) has a strong market position in providing automotive seat systems, as it is one of only two primary independent suppliers with global scale and complete component capabilities.
Lithia Motors, DCH Auto Group create a powerhouse auto retailer
In October 2014, Lithia completed its acquisition of DCH Auto Group for an estimated price of $669.5 million.
Understanding Lithia Motors’s Finance and Insurance business
Lithia’s same-store revenue grew 16.9% year-over-year to $120.4 million in the nine months ending September 30, 2014, driven by increased vehicle sales.
Outlook and valuation of Lithia Motors
Morgan Stanley analysts upgraded Lithia Motors to overweight from underweight, following a sell-off resulting in a ~30% drop in Lithia’s share price.
Analyzing Lithia Motors’s leverage and liquidity profile
The combined entities of Lithia Motors and DCH Auto Group are expected to generate free cash flow of $135 million in 2015.
Glenview Capital builds up position in Lithia Motors
Lithia targets mid-sized regional markets for domestic and imported vehicles, protecting the company from losing market share to leading industry players.