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LEGAL UPDATE: Sean Petersen, NIADA senior vice president of legal and governmental affairs, talks about recent legal issues affecting independent dealers.  One change in Nevada regulates the use of starter-interrupt and GPS devices.

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Research Firm Highlights Autos Featured

Stock-Callers.com spotlighted auto dealership groups in its recent stock research report.

It stated the auto dealership industry, which continues to benefit from an improved labor force, cheap gas and low interest rates. The firm reviewed CarMax Inc., AutoNation Inc., Penske Automotive Group Inc. and Copart Inc.

Richmond, Va.-based CarMax Inc.'s shares rose 1.6 percent and finished the Aug. 15 trading session at $60.51. A total volume of 1.45 million shares was traded. In the last month and the previous three months, the stock has advanced 9.56 percent and 19.49 percent, respectively. Additionally, the company's shares have gained 12.12 percent since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 13.61 percent and 16.45 percent, respectively.

AutoNation Inc., Fort Lauderdale, Fla., recorded a trading volume of 1.68 million shares on Aug. 15, above its three months average volume of 1.21 million shares. The stock ended the session 0.86 percent higher at $49.26. The company's shares have gained 5.55 percent in the previous three months

Penske Automotive Group Inc., headquartered in Bloomfield Hills, Mich., closed recently at $42.84, climbing 3.78 percent. The stock recorded a trading volume of 1.56 million shares, which was above its three months average volume of 772,570 shares. The company's shares have gained 24.26 percent in the last month and 19.14 percent in the previous three months.

At the closing bell Aug. 15, shares in Dallas-headquartered Copart Inc. ended 0.43 percent higher at $50.84 and with a total volume of 346,646 shares traded. The stock has advanced 1.88 percent in the last month and 16.98 percent in the previous three months.

Last modified on Tuesday, 16 August 2016 16:55
Consumer Reports Ranks Brands For Reliability

Consumer Reports Ranks Brands For Reliability

Toyota and Lexus once again finished atop the Consumer Reports’ Annual Auto Reliability Survey, but the news was the No. 3 finisher – Buick.The General Motors division became the first...

Indian Recalls Motorcycles for European Headlights

Indian Recalls Motorcycles for European Headlights

Indian Motorcycles Co. is recalling 2,096 2017-18 Chief, Chief Classic, Chief Dark Horse, Chief Vintage, Chieftain, Chieftain Classic, Chieftain Dark Horse, Chieftain Elite, Chieftain Limited, Springfield, and Springfield...

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