car sales

Private equity firm Warburg Pincus is exploring a potential sale of Exeter Finance, a subprime auto lender, for an estimated price between $2.5 billion to $3 billion, according to sources cited by Bloomberg.  • State Street SPDR S&P 500 ETF Trust stock is trading near recent highs....

America’s Car-Mart, Inc. (NASDAQ:CRMT) reported a difficult quarter as weather disruptions, weaker sales volume and transition-related pressures hurt results. Even so, the company highlighted improving unit economics and greater flexibility after recent changes to its capital structure...

AutoZone Inc (NYSE:AZO) shares rallied in early trading on Wednesday, after the company on Tuesday reported its fiscal third-quarter results. The announcement came amid an exciting earnings season. Here are some key analyst takeaways. Raymond James On AutoZone Analyst Bobby Griffin reiterated a...

America’s Car-Mart, Inc. (NASDAQ:CRMT) shares are trading higher on Thursday. The company reported second-quarter sales of $347.269 million (down 3.5%), beating the street view of $344.37 million. Revenues fell owing to a decrease in retail units sold.  The decline in revenue was...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. CarMax Inc. (NYSE: KMX) traded at a new 52-week high today of $144.84. This new high was reached on below-average trading volume as 459,...

Last week, Li Auto Inc (NASDAQ: LI) posted a widened second-quarter loss as a cost of selling EVs took a toll but revenue managed to beat expectations as deliveries nearly tripled. Moreover, the automaker provided an upbeat outlook for Q3 that anticipates outselling its rival Nio Inc (NYSE: NIO)...

Third-quarter automobile sales declined 10% year-over-year in the United States. Here is a look at how some of the larger automotive companies performed. Ford: Ford Motor Company (NYSE: F) hit total U.S. sales of 551,796 in the third quarter. This was broken down as 311,751 trucks, 191,803...

Technology has been evolving faster and faster during the last decade. And probably it will never be as slow as it is today. And that technology development is also boosting electric vehicles, autonomous driving, fast connectivity, artificial intelligence, and similar. The faster it evolves, the...

Coronavirus is now starting to seriously affect the global automotive industry. Countries and companies around the world are trying to contain the outbreak in any way they can. Infected people are getting required medical treatments, while the ones who have been in contact with them are...

CarGurus Inc (NASDAQ: CARG) reported fourth-quarter results that prompted a 5.5-percent sell off in the stock Friday and has Street analysts mixed if investors should be buyers of the stock or not. Benchmark: Priced With Free Optionality Cargurus reported a typical earnings report highlighted by a...

Carvana Co (NYSE: CVNA) is up 160 percent year-over-year, and one seller is signing on for the continuing momentum.  The Rating B. Riley FBR analyst Sameet Sinha upgraded Carvana from Sell to Buy and increased the price target from $20 to $38. The Thesis Sinha identified particular “...

Heading into CarMax, Inc (NYSE: KMX)'s fourth-quarter earnings report Wednesday, investors were likely expecting weak same-store unit comps — which the company delivered, along with an EPS miss. In the view of Buckingham Research Group, the bullish narrative for the used car retailer...

TrueCar Inc (NASDAQ: TRUE)'s stock has lost more than 10 percent since the start of 2018, but investors shouldn't consider the dip as a buying opportunity, according to JPMorgan. The Analyst JPMorgan's Doug Anmuth downgraded TrueCar's stock rating from Neutral to Underweight with...

Ford Motor Company (NYSE: F)'s stock is down nearly 15 percent over the past year and is trading at a valuation where its F-150 truck franchise alone is worth more than the company's enterprise value, according to Morgan Stanley The Analyst Morgan Stanley's Adam Jonas gave Ford's...