On this news, CarMax's stock price fell $13.61 per share, or 17%, to close at $66.45 per share on April 10, 2025. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomeran ...

Core Viewpoint - The article emphasizes the importance of value investing and highlights Asbury Automotive Group (ABG) as a strong value stock based on various financial metrics [2][8]. Group 1: Company Overview - Asbury Automotive Group (ABG) currently holds a Zacks Rank of 2 (Buy) and an A for Value, indicating strong potential for investors [4]. - The stock is trading at a P/E ratio of 8.41, which is slightly below the industry average of 8.51 [4]. - ABG's Forward P/E has fluctuated between 6.61 and 11.25 over the past 12 months, with a median of 8.39 [4]. Group 2: Financial Ratios - ABG has a P/B ratio of 1.23, which is significantly lower than the industry average of 2.18, suggesting a favorable valuation [5]. - The P/S ratio for ABG is 0.25, compared to the industry's average of 0.26, indicating that the stock is reasonably valued based on sales [6]. - The P/CF ratio for ABG stands at 7.79, which is lower than the industry average of 9.88, further supporting the notion of undervaluation [7]. Group 3: Investment Potential - The combination of ABG's strong earnings outlook and favorable financial ratios suggests that the stock is likely undervalued at the moment, making it an attractive option for value investors [8].

Core Insights - CarMax reports a steady increase in consumer interest for used electric vehicles (EVs) over the last three years, with a 40% drop in average used EV prices during the same period, indicating a shift towards EV adoption [3][8] - The percentage of searches for "electric vehicle" on carmax.com has nearly doubled from January 2022 to February 2025, with notable spikes in March 2022 and June 2024 [3][8] - The Tesla Model 3 and Model Y remain the most popular EVs, while the Ford F-150 Lightning and Rivian R1T have entered the top ten list for the first time [4][8] Consumer Trends - The most traded-in vehicles for EVs at CarMax are sedans and coupes, with Toyota being the top brand traded in, followed by Honda and Ford [5] - The Tesla Model 3 is the top traded-in model for an EV, with many owners transitioning to the larger Tesla Model Y [5] Regional Insights - Oregon has surpassed California as the state with the highest percentage of EV sales relative to total vehicle sales at CarMax, with California and Washington following [6][8] - New states such as Utah, New Mexico, Minnesota, and New Jersey have entered the top ten list for EV sales compared to total vehicle sales [6] Financial Performance - In the fiscal year ending February 28, 2025, CarMax sold approximately 790,000 used vehicles and 540,000 wholesale vehicles at auctions, with CarMax Auto Finance originating over $8 billion in receivables [9]

Core Insights - Jim Cramer recommended buying Simon Property Group, Inc. (SPG), describing it as a "terrific" company, with financial results expected on May 12 [1] - Truist Securities analyst Michael Ciarmoli maintained a Buy rating for TransDigm Group Incorporated (TDG) but lowered the price target from $1,534 to $1,490 [2] - Cramer suggested that CarMax, Inc. (KMX) should not be sold despite its recent decline, following weaker-than-expected fourth-quarter earnings [2] - Cramer expressed a positive outlook on Barrick Gold Corporation (GOLD), indicating that gold prices are likely to rise further, with shares of gold companies trading higher after reaching an all-time high [2] Price Action - Simon Property shares fell 2.1% to settle at $147.20 [3] - TransDigm shares decreased by 2.3% to close at $1,306.55 [3] - CarMax shares dipped 3.5% to settle at $62.33 [3] - Barrick Gold shares gained 1.4% to close at $20.45 [3]

NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of CarMax, Inc. (“CarMax” or the “Company”) (NYSE: KMX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether CarMax and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On April 10, 2025, CarMa ...

Core Insights - AutoNation has appointed Jeremy Tucker as Chief Marketing Officer, effective April 21, 2025, who will report directly to CEO Mike Manley [1][2] - Tucker brings extensive experience in brand loyalty, team leadership, and innovative marketing strategies, aligning with AutoNation's commitment to customer excellence [2][3] - His previous roles include Executive Vice President and Global Chief Marketing Officer at Spin Master, where he led franchise development and brand growth in over 100 countries [3][4] Leadership Experience - Tucker has a proven track record in high-performing teams and transformative results, having served as Chief Marketing Officer at Planet Fitness, where he accelerated digital transformation and boosted membership [4] - At Nissan, he was responsible for U.S. marketing, leading to four consecutive years of market share growth through impactful marketing campaigns [4] - His experience at The Walt Disney Company involved repositioning the Disney Princess franchise, increasing its global market share [4] Company Background - AutoNation is one of the largest automotive retailers in the U.S., offering a wide range of new and used vehicles, financing, parts, and maintenance services [7] - The company has raised over $40 million for cancer-related causes, demonstrating its commitment to community impact [7]

Core Viewpoint - The company held a performance briefing for the year 2024, discussing its operational performance, future development plans, and addressing investor inquiries regarding profitability and strategic initiatives [1][2]. Group 1: Performance Overview - In 2024, the company achieved an operating revenue of 4.193 billion yuan and a net profit attributable to shareholders of 38.5987 million yuan, representing a year-on-year increase of 119.42% [3]. - The company implemented various measures to enhance profitability, including optimizing business processes, improving operational quality, and enhancing customer experience in its property management segment [3]. Group 2: Strategic Initiatives - The company is actively seeking quality projects for diversification, having analyzed over 80 potential projects, particularly focusing on those related to the automotive industry and aligned with new productive forces [4]. - The company plans to enhance its main business profit margins by improving operational efficiency, increasing user engagement, controlling operational costs, and enhancing management quality through training and incentive mechanisms [5][6]. Group 3: Market and Policy Impact - The company’s current operations are not affected by U.S. tariff policies, as it does not engage in overseas sales [6]. - The automotive sector is seen as a key driver for economic growth, with government policies aimed at boosting consumption, particularly in the automotive market [6][9]. Group 4: Future Outlook - The company is committed to exploring new growth avenues and enhancing its existing automotive business and property operations, while also seeking new projects that align with its strategic goals [7][8]. - The automotive and related industries are expected to have broad development prospects, supported by government initiatives to promote domestic consumption and trade [9].

Group 1 - Lithia & Driveway (NYSE: LAD) will release its first quarter 2025 earnings on April 23, 2025, before the market opens [1] - A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time [1] - The conference call can be accessed by telephone or via the company's website for live listening and replay [2] Group 2 - Lithia & Driveway is the largest global automotive retailer, offering a wide range of products and services throughout the vehicle ownership lifecycle [3] - The company emphasizes simple, convenient, and transparent experiences through its extensive network of physical locations and e-commerce platforms [3] - Lithia & Driveway aims for consistent, profitable growth in a large and unconsolidated industry, leveraging its diversified and competitively differentiated design [3]

Group 1: Analyst Recommendations - Carvana currently has an average brokerage recommendation (ABR) of 1.95, indicating a position between Strong Buy and Buy, based on recommendations from 19 brokerage firms [2] - Of the 19 recommendations, nine are Strong Buy and two are Buy, accounting for 47.4% and 10.5% of all recommendations respectively [2] - Despite the positive ABR, relying solely on this information for investment decisions may not be advisable, as studies show brokerage recommendations often lack success in guiding investors towards stocks with high price appreciation potential [3][4] Group 2: Limitations of Brokerage Recommendations - Brokerage firms often exhibit a strong positive bias in their ratings due to vested interests, leading to a disproportionate number of Strong Buy recommendations compared to Strong Sell [4][5] - The interests of brokerage firms may not align with those of retail investors, providing limited insight into future stock price movements [5][8] - Analysts' recommendations tend to be overly optimistic, misleading investors more frequently than guiding them accurately [8] Group 3: Zacks Rank as an Alternative - Zacks Rank categorizes stocks into five groups based on earnings estimate revisions, providing a more effective indicator of near-term stock price performance compared to ABR [6][9] - The Zacks Rank is timely and reflects changes in earnings estimates quickly, unlike the ABR which may not be up-to-date [10] - For Carvana, the Zacks Consensus Estimate for the current year has increased by 21.4% over the past month, indicating growing optimism among analysts regarding the company's earnings prospects [11] Group 4: Investment Implications for Carvana - The recent change in the consensus estimate, along with other factors, has resulted in a Zacks Rank 2 (Buy) for Carvana, suggesting a favorable outlook for the stock [12] - The Buy-equivalent ABR for Carvana may serve as a useful guide for investors, complementing the insights provided by the Zacks Rank [12]

 Largest Dealership Review Platform Reveals Best Dealers Across North America; Subaru, Acura and Volvo Stand Out as Highest-Rated BrandsCHICAGO, March 11, 2025 /PRNewswire/ -- Car-shopping marketplace and dealer reputation site Cars.com® (NYSE: CARS) today announced the winners of its Dealer of the Year Awards, presented annually to the top automotive dealers across North America. Auto dealers were honored as Cars.com Dealer of the Year recipients based on more than 1.3 million online consumer reviews submi ...