Core Insights - The article emphasizes the effectiveness of the Zacks Rank system in identifying winning stocks through earnings estimates and revisions [1] - Value investing is highlighted as a popular and successful strategy across various market conditions, focusing on fundamental analysis to identify undervalued stocks [2] Company Overview: Penske Automotive Group (PAG) - PAG currently holds a Zacks Rank of 2 (Buy) and has received an "A" grade in the Value category, indicating it is among the strongest value stocks available [3] - The company's price-to-book (P/B) ratio is 2.06, which is attractive compared to the industry average of 2.25. Over the past year, PAG's P/B has fluctuated between 1.72 and 2.25, with a median of 2.04 [4] - PAG's price-to-cash flow (P/CF) ratio stands at 10.40, which is favorable against the industry average of 10.50. The P/CF has ranged from 8.46 to 11.13 over the past 52 weeks, with a median of 10.17 [5] - The combination of these valuation metrics suggests that PAG is likely undervalued, and its strong earnings outlook positions it as a prominent value stock in the market [6]

Core Viewpoint - Penske Automotive Group, Inc. will release its financial results for the three and twelve months ended December 31, 2025, on February 11, 2026, and will hold a conference call to discuss these results later that day [1][2]. Group 1: Financial Results Announcement - The financial results will be announced on the morning of February 11, 2026 [1]. - An investor presentation and earnings press release will be accessible on the company's website starting the same day [2]. Group 2: Conference Call Details - A conference call to discuss the financial results will take place at 2:00 PM Eastern Standard Time on February 11, 2026 [2]. - The live webcast can be accessed through a specific link provided in the announcement [2]. - Callers are advised to dial in approximately 10-15 minutes before the call begins [2]. Group 3: Company Overview - Penske Automotive Group, Inc. is a diversified international transportation services company and a leading automotive and commercial truck retailer [3]. - The company operates dealerships in multiple countries, including the United States, United Kingdom, Canada, Germany, Italy, Japan, and Australia [3]. - Penske Automotive is one of the largest retailers of commercial trucks in North America and employs over 27,700 people worldwide [3].

Core Insights - Fenimore Asset Management's Q4 2025 investor letter indicates a solid yet volatile stock market, influenced by AI enthusiasm, economic uncertainty, and monetary policy concerns [1] - The firm anticipates mixed market conditions in 2026, with many AI-related stocks appearing expensive while high-quality companies are trading at multi-year lows, presenting potential investment opportunities [1] Performance Summary - The S&P 500 Index rose by 2.66% in Q4 2025, with large-cap technology and communication services sectors leading the market [1] - Fenimore Small Cap Strategy returned -4.12%, underperforming the Russell 2000 Index, which returned 2.19% [1] - Fenimore Dividend Focus Strategy declined -4.41% compared to the Russell Midcap Index's 0.16% return [1] - Fenimore Value Strategy saw a decline of -1.17% in Q4, also underperforming the Russell Midcap Index [1] Company Focus: AutoZone, Inc. (NYSE:AZO) - AutoZone, Inc. was identified as a key performance detractor in Fenimore Value Strategy during Q4 2025 [2][3] - The stock had a one-month return of 2.16% and a 52-week gain of 7.34%, closing at $3,465.45 per share with a market capitalization of $57.64 billion on January 15, 2026 [2] - Despite revenue growth, AutoZone faced higher operating expenses and a significant non-cash LIFO inventory charge, impacting earnings negatively [3] - The company opened over 140 new stores and invested in supply chain hubs, which contributed to increased costs but are viewed as strategic long-term investments for market share gains, particularly in the commercial segment [3]

Core Thesis - Penske Automotive Group, Inc. (PAG) is viewed as a compelling investment opportunity due to its unique market position, recurring revenue streams, and strategic growth avenues in the automotive retail and transportation services sectors [1][4]. Company Overview - Penske is one of the largest automotive retailers globally, operating numerous dealerships in the U.S. and U.K., along with a significant commercial truck segment and a stake in Penske Transportation Solutions [2]. - The company's dealerships benefit from state laws that limit competition, creating local monopolies that enhance profitability [2]. Revenue Streams - Vehicle sales are cyclical; however, Penske's service and parts departments generate high-margin, recurring revenue, providing a stable cash flow that is less affected by macroeconomic fluctuations [3]. - The increasing complexity of vehicles reduces the likelihood of do-it-yourself maintenance, driving more customers to specialized dealer service centers, which benefits Penske [3]. Growth Potential - The combination of recurring service revenue, commercial truck operations, and strategic investments in transportation solutions offers multiple avenues for financial upside [4]. - Penske is positioned to leverage its scale, local market dominance, and service expertise to achieve consistent, profitable growth [3][4]. Investment Perspective - Penske is not only a vehicle retailer but also a resilient, multi-faceted platform that benefits from structural industry trends and local market protections, positioning the company for sustainable long-term value creation [4]. - The company's disciplined execution and strong operational momentum continue to generate resilient cash flow, reinforcing the bullish thesis on PAG [5].

Economic Overview - The Consumer Price Index (CPI) report for December indicates a stabilizing inflation picture in the U.S., suggesting a potential for interest rate cuts in 2026 [1] - The strong start to the fourth-quarter earnings season and ongoing AI momentum have positively influenced U.S. equities as they enter 2026 [1] Investment Strategy - Investors are encouraged to create a winning stock portfolio to capitalize on the favorable market conditions, although selecting outperformers can be challenging due to market complexities [2] - Expert advice from brokers is essential for individual investors to navigate the stock market effectively [3] Broker Recommendations - Brokers favor stocks such as Cardinal Health (CAH), AutoNation (AN), American Airlines (AAL), ArcBest Corporation (ARCB), and Asbury Automotive Group (ABG) due to net analyst upgrades and upward earnings revisions [8] - These stocks are highlighted amid easing inflation and a strong kickoff to Q4 earnings [8] Screening Criteria for Stocks - A screening strategy has been developed to identify stocks based on improving analyst recommendations and upward revisions in earnings estimates over the last four weeks [5] - Key criteria include a low price/sales ratio, significant trading volume, and a market capitalization ranking within the top 3000 [6][9] Company Highlights - **Cardinal Health (CAH)**: A leading healthcare services provider with a projected revenue growth of 16.2% year-over-year for fiscal 2026 and a long-term earnings growth rate of 13.9% [10] - **AutoNation (AN)**: A major automotive retailer expanding its dealer network and digital capabilities, with a 0.4% upward revision in 2026 earnings estimates [12] - **American Airlines (AAL)**: Benefiting from increased air travel demand, but facing challenges from high labor costs and debt levels, with a 7.5% upward revision in earnings estimates [13] - **ArcBest (ARCB)**: A freight transportation company expecting a 42.3% increase in earnings per share for 2026, despite mixed earnings performance in recent quarters [14] - **Asbury Automotive Group (ABG)**: A diversified auto retailer with a focus on digital solutions, achieving an average earnings beat of 8.4% over the last four quarters [15][16]

Core Viewpoint - Group 1 Automotive, Inc. will release its financial results for Q4 and the full year ended December 31, 2025, on January 29, 2026, before market opening [1] Group 1 Automotive Overview - Group 1 operates 254 automotive dealerships, 315 franchises, and 32 collision centers in the U.S. and U.K., offering 36 brands of automobiles [3] - The company sells new and used cars and light trucks, arranges vehicle financing, sells service and insurance contracts, provides automotive maintenance and repair services, and sells vehicle parts [3] Conference Call Details - A conference call to discuss the financial results will take place on January 29, 2026, at 10:00 a.m. ET, with participation from the President and CEO and senior management [1] - The call will be available via live internet simulcast and a replay will be accessible for 30 days [2] - Dial-in options for the call include a domestic number (1-888-317-6003) and an international number (1-412-317-6061) with a passcode [2]

Core Viewpoint - America's Car-Mart, Inc. has completed Phase 2 of its SG&A Cost Control Strategy through footprint optimization, consolidating 13 locations into higher-performing nearby dealerships, totaling 18 locations across both phases [1][2]. Group 1: Footprint Optimization Strategy - The consolidation of locations aims to enhance operational efficiency and improve returns by focusing resources on high-performing markets [2][3]. - Customers from consolidated locations will continue to receive services at nearby dealerships, ensuring uninterrupted access to sales and service activities [2][3]. - The company emphasizes its commitment to modernizing its business model and better utilizing inventory and teams to strengthen performance at remaining locations [3][6]. Group 2: Consolidated Locations - The locations consolidated in Phase 1 include Decatur, AL; Athens, AL; Henderson, KY; and others, while Phase 2 includes Gadsden, AL; Montgomery, AL; and several others [4]. - The consolidation process reflects a strategic decision to optimize the store network in support of long-term profitability and growth [6]. Group 3: Company Overview - America's Car-Mart operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the U.S., focusing on the "Integrated Auto Sales and Finance" segment of the used car market [7][8]. - The company prioritizes superior customer service and building strong personal relationships with customers, primarily in smaller cities throughout the South-Central United States [8].

Group 1 - Power Ford has been named the 1 selling Ford dealership in New Mexico for 2025, solidifying its status as the state's volume leader [1] - The dealership is the only Ford dealership in New Mexico to rank in the Top 10 within the competitive Phoenix Region [1] - In 2025, Power Ford achieved a record-setting sales performance by delivering 1,698 new Ford vehicles, the highest in its history [1]

Core Insights - CarMax shares experienced a significant decline of 53% in 2025, attributed to a challenging market environment and declining sales [1] - The company is losing market share to competitors like Carvana, which reported a 44% increase in units sold last quarter [4] - CarMax's total revenue fell by 7% year-over-year to $5.8 billion in the third quarter of 2025, with a 2% decline in sales over the first nine months of the fiscal year [3] Company Performance - CarMax operates used car lots, promoting a no-haggle buying and selling process, which has allowed it to achieve significant scale in the U.S. market [2] - The company is facing declining volume, sales, and profit margins, which poses a risk to its stock price [3] - The resignation of CEO Bill Nash in December raised concerns among investors regarding the company's future [4] Market Position - CarMax's current price-to-earnings ratio (P/E) stands at 15, indicating a relatively low valuation after the stock's significant drop [6] - The company has high fixed costs, necessitating a certain level of unit volume to maintain profitability, which is currently under pressure due to declining sales [7] - If CarMax can stabilize its market share and profit margins, there is potential for stock recovery; however, continued competition from Carvana could hinder this [9]

As filed with the Securities and Exchange Commission on January 9, 2026. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 America's Car-Mart Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Texas 5500 63-0851141 1805 North 2nd Street, Suite 401 (I.R.S. Employer Identification Number) Rogers, Arkansas 72756 (479) 464-9944 (Addr ...