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CarNow and Kia Expand Kia EasyBuy Program, Bringing a Seamless, Dealer-Choice Digital Retailing Solution to More Kia Dealers
Businesswire· 2025-12-10 16:21
Core Insights - CarNow has expanded the Kia EasyBuy program to include Dealer.com dealerships, enhancing digital retailing solutions for Kia dealers and customers [1][5] - The initiative aims to provide a seamless customer experience from Kia.com to dealership websites, allowing customers to continue their vehicle purchase journey without re-entering information [2][4] Group 1: Expansion of EasyBuy - The inclusion of Dealer.com marks a significant milestone for the Kia EasyBuy program, which was initially piloted only with CarNow-powered dealers [5] - This expansion increases coverage across Kia's dealership network and facilitates broader dealer participation in the program [5] Group 2: Customer Experience - EasyBuy allows customers to start their research on Kia.com and continue on a dealership's site without having to re-enter their information, ensuring a connected shopping experience [4] - The program aggregates key customer, vehicle, and deal information across platforms, serving as a central data conduit between Kia.com and digital retailing providers [3] Group 3: Dealer Benefits - Dealers can choose their preferred certified digital retailing provider, maintaining flexibility in their tools while benefiting from high-quality leads and complete deal insights [2][4] - The collaboration aims to align brand and dealer strategies, enhancing customer engagement and providing retailers with the solutions that best fit their business needs [6] Group 4: Company Overview - CarNow is a leading provider of digital retailing solutions in the automotive industry, offering real-time enterprise software to facilitate transactions between dealers and consumers [7] - The company has over 5,000 dealership customers and more than twenty manufacturer certifications, positioning itself as one of the fastest-growing companies in the automotive sector [7]
Why AutoZone’s Stock Drop Could Be a Golden Buying Opportunity
Yahoo Finance· 2025-12-10 14:53
Core Insights - AutoZone's stock is showing a buy signal after a minor pullback in early December, indicating a strong long-term uptrend and presenting a buying opportunity rather than a concern [2][3] - The company's Q1 results, while slightly below analyst expectations, demonstrate operational resilience with net sales of $4.63 billion, reflecting an 8.2% year-over-year increase [5][6] - The technical setup suggests a potential rebound, with support tested in November and a promising outlook for December [2][3] Financial Performance - Q1 net sales of $4.63 billion were up 8.2% year-over-year, driven by comparable store sales growth of 4.8% in the U.S. and 11.2% internationally, alongside the opening of 53 new stores [5] - Despite a contraction in gross margin and increased operating costs due to growth investments, the company reported a net income of $530 million, sufficient to support buyback activities [6] - The share count was reduced by 1.5% through buybacks totaling $431 million, which is approximately 80% of the net income [6] Balance Sheet Analysis - The balance sheet shows no significant red flags, with cash levels remaining stable, inventories increasing, and total assets rising [7] - Liabilities have increased but at a slower rate than assets, providing leverage for shareholders [7] - The shareholder deficit related to the buyback strategy has decreased as the share count drops and assets rise, indicating operational strength [7]
KMX NOTIFICATION: BFA Law Notifies CarMax, Inc. Investors of the Pending Class Action Lawsuit and Upcoming January 2 Legal Deadline
Newsfile· 2025-12-10 12:17
Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. for securities fraud following a significant drop in stock price attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Maryland, titled Jason Cap v. CarMax, Inc., et al., No. 1:25-cv-03602, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. - Investors have until January 2, 2026, to request to be appointed to lead the case [3]. Group 2: Reasons for the Lawsuit - CarMax is accused of misleading investors regarding the demand for its vehicles, which was allegedly inflated due to a temporary boost from U.S. tariffs on cars [4]. - The unexpected departure of CEO Bill Nash on November 6, 2025, is also under investigation to determine if CarMax adequately assessed its portfolio of car loans [5]. Group 3: Stock Performance - On September 25, 2025, CarMax reported disappointing financial results, including a 5.4% decline in retail used unit sales and a net income drop from $132.8 million to approximately $95.4 million year-over-year [6]. - Following the financial report, CarMax's stock price fell by $11.45, or about 20%, from $57.05 to $45.60 per share [7]. - The announcement of CEO Bill Nash's departure and a weak preliminary Q3 2025 outlook led to an additional stock price drop of over 24% [7].
Contact Levi & Korsinsky by January 2, 2026 Deadline to Join Class Action Against CarMax, Inc. (KMX)
Globenewswire· 2025-12-09 21:40
Core Viewpoint - A class action securities lawsuit has been filed against CarMax, Inc. alleging securities fraud that affected investors between June 20, 2025, and November 5, 2025 [1][2]. Group 1: Lawsuit Details - The complaint claims that defendants made false statements regarding CarMax's growth prospects, suggesting that earlier growth was due to temporary factors related to customer behavior influenced by tariff speculation [2]. - It is alleged that the statements made by defendants about CarMax's business operations and future prospects were materially false and misleading [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until January 2, 2026, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
AutoNation Acquires Jerry's Toyota in Major Mid-Atlantic Deal
Globenewswire· 2025-12-09 19:27
NEW YORK, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Dave Cantin Group (DCG), a leading mergers and acquisitions advisory company to retail automotive groups and their owners, today announced that AutoNation, Inc., one of the nation’s largest and most respected publicly traded automotive retailers, has acquired Jerry’s Toyota, a flagship Toyota dealership serving the Mid-Atlantic for more than 40 years. The transaction represents a significant multi-generational succession planning milestone for James Stautberg, pre ...
Carvana (CVNA) Hits All-Time High, 10-Day Run on S&P 500 Inclusion
Yahoo Finance· 2025-12-09 19:22
We recently published 10 Stocks Standing Tall Amid Market Fall; 6 Hit Record Highs. Carvana Co. (NYSE:CVNA) is one of the best performers on Monday. Carvana soared to a new all-time high on Monday after 10 consecutive days of rally, as investors took heart from its official inclusion in the S&P 500 index. At intra-day trading, Carvana Co. (NYSE:CVNA) jumped to its highest price of $456.97 before paring gains to end the day just up by 12.06 percent at $447.98 apiece. This followed the S&P Dow Jones Indic ...
CarMax, Inc. (NYSE:KMX) Faces Potential Downside and Legal Challenges
Financial Modeling Prep· 2025-12-09 19:08
Core Insights - CarMax, Inc. is a leading retailer of used vehicles in the U.S., operating through two segments: CarMax Sales Operations and CarMax Auto Finance, known for no-haggle pricing and comprehensive vehicle inspections [1] - The company is currently facing a class action securities lawsuit alleging securities fraud, which could impact investor sentiment and stock performance [3] - Evercore ISI has set a price target of $37 for CarMax, indicating potential downside from its current trading price of $39.26, which reflects a 5.76% premium over the target [2][5] - The stock has shown significant volatility, with a 52-week high of $91.25 and a low of $30.26, indicating active trading and investor interest [4][5] - CarMax's market capitalization is approximately $5.98 billion, with a trading volume of 3,230,319 shares on the NYSE [4]
AutoZone: A 7% Drop On Q1 Miss Makes It Quite Interesting (NYSE:AZO)
Seeking Alpha· 2025-12-09 18:35
Core Viewpoint - AutoZone (AZO) is characterized as a resilient stock that has consistently delivered for its shareholders, despite a recent decline of nearly 7% following the release of its Q1 2026 earnings [1] Group 1: Company Performance - The stock has been retracing over the last few months, indicating a potential shift in market sentiment or performance [1] - The company is noted for its sustained profitability, which is reflected in strong margins, stable and expanding free cash flow, and high returns on invested capital [1] Group 2: Investment Philosophy - The focus is on long-term investment strategies, particularly in undervalued growth stocks and high-quality dividend growers [1] - The approach emphasizes that sustained profitability is a more reliable driver of returns than valuation alone [1] Group 3: Personal Investment Strategy - The investment strategy aims to balance asset management to ensure financial freedom while maintaining a commitment to work that allows for personal expression [1]
Josh Brown's 'best stocks in the market': Carvana, Delta Air Lines and Expedia
Youtube· 2025-12-09 18:04
Carvana - Carvana is experiencing a rally due to its addition to the S&P 500, which has brought significant attention to the stock [1] - The company has shown resilience despite previous financial flaws, as consumer appreciation for its car-selling model has helped it overcome challenges [2] - Carvana was highlighted as a potential best stock in May when it was down 27% from its 2021 high, indicating a notable trend reversal [3] - The stock's performance has improved since its S&P 500 inclusion, demonstrating the unpredictable nature of stock spotlighting [4] - Effective risk management is emphasized as crucial for investors, allowing them to minimize losses while capitalizing on significant gains [5][6] - Carvana's market share has increased due to higher interest rates pushing consumers towards the used car market, leading to profitability from a low of $3.50 in December 2022 [7] Airline Industry - Delta Airlines has been added to the best stock list, with a focus on its potential to break through a significant resistance level at $70 [8] - Despite media speculation about consumer spending slowing down, evidence suggests that consumer travel demand remains strong, with record passenger screenings reported [10][11] - The hotel and cruise industries are also confirming robust consumer activity, with hotel revenue per available room (RevPAR) remaining above 85% nationwide [11] - Expedia is viewed as a viable investment opportunity, with a favorable chart pattern indicating potential breakout [12][13] - Delta is recognized as a leading airline brand in North America, with strong operational performance [14]
This Car Stock Is One of the S&P 500's Worst Performers Today. Here's Why.
Barrons· 2025-12-09 15:40
Core Insights - AutoZone reported weaker-than-expected earnings and same-store sales for its fiscal first quarter [1] Financial Performance - The company's earnings fell short of analysts' expectations, indicating potential challenges in maintaining profitability [1] - Same-store sales growth was below projections, suggesting a slowdown in consumer demand or competitive pressures [1] Market Reaction - The disappointing results may lead to a reassessment of AutoZone's market position and future growth prospects [1] - Investors may react negatively to the earnings report, impacting the company's stock performance in the short term [1]