Automotive - Retail and Whole Sales

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America's Car-Mart (CRMT) Reports Q1 Loss, Misses Revenue Estimates
ZACKS· 2025-09-04 13:40
America's Car-Mart (CRMT) came out with a quarterly loss of $0.69 per share versus the Zacks Consensus Estimate of $0.69. This compares to a loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -200.00%. A quarter ago, it was expected that this auto retailer would post earnings of $0.87 per share when it actually produced earnings of $1.26, delivering a surprise of +44.83%.Over the last four quarters, the company has ...
Penske (PAG) Up 11.7% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-08-29 16:36
Core Viewpoint - Penske Automotive has shown a positive trend in its stock performance, with shares increasing by approximately 11.7% since the last earnings report, outperforming the S&P 500. The upcoming earnings release will be crucial in determining whether this trend continues or if a pullback occurs [1]. Financial Performance - Penske reported second-quarter 2025 adjusted earnings of $3.78 per share, a 4.7% increase year over year, surpassing the Zacks Consensus Estimate of $3.56 [2]. - The company achieved net sales of $7.66 billion, which fell short of the Zacks Consensus Estimate of $7.87 billion and represented a 0.4% decline from the previous year [2]. - Gross profit rose by 2.6% year over year to $1.30 billion, while operating income increased by 3% to $348.2 million [3]. Segment Performance - In the Retail Automotive segment, revenues decreased by 1.5% to $6.52 billion, missing estimates, with same-store retail units down 9.9% year over year [5][4]. - The Retail Commercial Truck segment saw revenues increase by 5.7% to $943.6 million, exceeding estimates, although gross profit slightly declined [6]. - The Commercial Vehicle Distribution and Other segment's revenues rose by 6.5% to $201.2 million, surpassing estimates, but gross profit decreased [7]. Financial Metrics - SG&A costs totaled $906.3 million, up 2.1% year over year. Cash and cash equivalents increased to $155.3 million, while long-term debt decreased to $906.7 million [8]. - The company repurchased 630,044 shares for $93.3 million, with $295.7 million remaining in stock repurchase authorization [9]. Dividend and Shareholder Returns - Penske increased its quarterly dividend by 6 cents to $1.32 per share, marking the 19th consecutive quarterly increase, with the dividend payment scheduled for September 3, 2025 [9]. Market Outlook - Recent estimates for Penske have been trending upward, indicating a promising outlook. The company holds a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the coming months [13]. Industry Comparison - Penske operates within the Zacks Automotive - Retail and Wholesale industry, where competitor Sonic Automotive has gained 16.6% over the past month, reporting a year-over-year revenue increase of 5.9% [14].
Why Is Asbury Automotive (ABG) Up 15.6% Since Last Earnings Report?
ZACKS· 2025-08-28 16:31
Core Viewpoint - Asbury Automotive Group's recent earnings report showed a mixed performance, with adjusted earnings per share exceeding estimates but revenues falling short, leading to a 15.6% increase in share price over the past month, outperforming the S&P 500 [1][3]. Financial Performance - Asbury reported Q2 2025 adjusted earnings per share of $7.43, surpassing the Zacks Consensus Estimate of $6.82 and increasing from $6.40 in the previous year [3]. - Total revenues for the quarter were $4.37 billion, a nearly 3% year-over-year increase, but below the Zacks Consensus Estimate of $4.45 billion [3]. Segment Performance - New vehicle revenues rose 6% year-over-year to $2.30 billion, slightly missing the consensus estimate of $2.31 billion, with retail units sold totaling 44,437, up 4% year-over-year but below the consensus of 45,291 units [4]. - Used vehicle retail revenues declined 3% year-over-year to $1.13 billion, missing the consensus estimate of $1.15 billion, with retail used vehicle units sold totaling 36,233, down 6% year-over-year [5]. - Revenues from the used vehicle wholesale business increased 11% to $156.3 million, exceeding the consensus estimate of $153 million [6]. - Finance and insurance business net revenues amounted to $182 million, down 5% year-over-year and below the consensus estimate of $203 million [7]. - Parts and service business revenues were $601.5 million, up from $580.9 million year-over-year but missing the consensus estimate of $625 million [8]. Cost and Debt Management - Selling, general & administrative expenses as a percentage of gross profit rose to 63.2%, a decrease of 198 basis points year-over-year [9]. - As of June 30, 2025, the company had cash and cash equivalents of $54.8 million, down from $69.4 million at the end of 2024, and long-term debt decreased to $3.05 billion from $3.14 billion [9]. Market Outlook - Estimates for Asbury Automotive have been trending upward, with a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [12]. - The company has a subpar Growth Score of D and a Momentum Score of D, but a strong Value Score of A, placing it in the top quintile for value investment strategy [11]. Industry Comparison - Asbury Automotive is part of the Zacks Automotive - Retail and Wholesale industry, where Sonic Automotive has gained 17.1% over the past month, reporting revenues of $3.66 billion, a year-over-year increase of 5.9% [13].
Why Is Lithia Motors (LAD) Up 18.9% Since Last Earnings Report?
ZACKS· 2025-08-28 16:31
It has been about a month since the last earnings report for Lithia Motors (LAD) . Shares have added about 18.9% in that time frame, outperforming the S&P 500.But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Lithia Motors due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Lithia Motors, Inc. before we dive into how investors and analysts ...
Titan Machinery (TITN) Reports Q2 Loss, Beats Revenue Estimates
ZACKS· 2025-08-28 13:01
分组1 - Titan Machinery reported a quarterly loss of $0.26 per share, better than the Zacks Consensus Estimate of a loss of $0.56, representing an earnings surprise of +53.57% [1] - The company posted revenues of $546.43 million for the quarter ended July 2025, surpassing the Zacks Consensus Estimate by 8.40%, but down from $633.67 million year-over-year [2] - Titan Machinery shares have increased approximately 48.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 10.2% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is -$0.31 on revenues of $570.39 million, and for the current fiscal year, it is -$1.81 on revenues of $2.27 billion [7] - The Automotive - Retail and Whole Sales industry, to which Titan Machinery belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook [8]
Is the Options Market Predicting a Spike in Asbury Stock?
ZACKS· 2025-08-19 13:51
Company Overview - Asbury Automotive Group, Inc. (ABG) is experiencing significant attention from investors due to high implied volatility in its options market, particularly the Oct 17, 2025 $360.00 Put option [1] - The company currently holds a Zacks Rank 3 (Hold) in the Automotive - Retail and Wholesale industry, which is positioned in the top 24% of the Zacks Industry Rank [3] Analyst Insights - Over the past 30 days, three analysts have raised their earnings estimates for Asbury for the current quarter, while one has lowered theirs, resulting in a net increase in the Zacks Consensus Estimate from $6.64 to $6.67 per share [3] Market Sentiment - The high implied volatility suggests that options traders are anticipating a significant price movement for Asbury shares, indicating potential upcoming events that could lead to a major rally or sell-off [2][4] - Options traders often seek to capitalize on high implied volatility by selling premium, aiming for the underlying stock to not move as much as expected by expiration [4]
Penske Automotive (PAG) Tops Q2 Earnings Estimates
ZACKS· 2025-07-30 13:05
Group 1 - Penske Automotive reported quarterly earnings of $3.78 per share, exceeding the Zacks Consensus Estimate of $3.56 per share, and showing an increase from $3.61 per share a year ago, resulting in an earnings surprise of +6.18% [1] - The company posted revenues of $7.66 billion for the quarter ended June 2025, which was a 2.63% miss compared to the Zacks Consensus Estimate, and a slight decrease from $7.7 billion year-over-year [2] - Penske shares have increased by approximately 10.2% since the beginning of the year, outperforming the S&P 500's gain of 8.3% [3] Group 2 - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The trend of estimate revisions for Penske was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $3.51 on revenues of $7.69 billion, and for the current fiscal year, it is $13.73 on revenues of $30.78 billion [7] Group 3 - The Automotive - Retail and Whole Sales industry, to which Penske belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, which may negatively impact stock performance [8] - Worksport Ltd., another company in the same industry, is expected to report a quarterly loss of $0.76 per share, reflecting a year-over-year change of +49.3%, with revenues anticipated to be $4.07 million, up 112% from the previous year [9]
Asbury Automotive Group (ABG) Tops Q2 Earnings Estimates
ZACKS· 2025-07-29 13:25
Asbury Automotive Group (ABG) came out with quarterly earnings of $7.43 per share, beating the Zacks Consensus Estimate of $6.82 per share. This compares to earnings of $6.4 per share a year ago. These figures are adjusted for non-recurring items. While Asbury Automotive has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the ...
Lithia Motors (LAD) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2025-07-29 12:06
Core Viewpoint - Lithia Motors reported quarterly earnings of $10.24 per share, exceeding the Zacks Consensus Estimate of $9.78 per share, and showing an increase from $7.87 per share a year ago, indicating a positive earnings surprise of +4.70% [1][2] Financial Performance - The company achieved revenues of $9.58 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.52%, and up from $9.23 billion in the same quarter last year [2] - Over the last four quarters, Lithia Motors has exceeded consensus EPS estimates three times and topped revenue estimates twice [2] Stock Performance - Lithia Motors shares have declined approximately 14.1% since the beginning of the year, contrasting with the S&P 500's gain of 8.6% [3] - The current Zacks Rank for Lithia Motors is 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $8.88 on revenues of $9.83 billion, while for the current fiscal year, the estimate is $35.14 on revenues of $38.55 billion [7] - The outlook for the automotive retail and wholesale industry, where Lithia Motors operates, is currently in the bottom 37% of Zacks industries, which may impact stock performance [8]
AutoNation (AN) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2025-07-25 13:16
Group 1: Earnings Performance - AutoNation reported quarterly earnings of $5.46 per share, exceeding the Zacks Consensus Estimate of $4.70 per share, and up from $3.99 per share a year ago, representing an earnings surprise of +16.17% [1] - The company posted revenues of $6.97 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.62% and increasing from $6.48 billion year-over-year [2] - Over the last four quarters, AutoNation has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - AutoNation shares have increased approximately 17.9% since the beginning of the year, outperforming the S&P 500's gain of 8.2% [3] - The current consensus EPS estimate for the upcoming quarter is $4.70 on revenues of $6.76 billion, and for the current fiscal year, it is $18.90 on revenues of $27.29 billion [7] - The estimate revisions trend for AutoNation was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Group 3: Industry Context - The Automotive - Retail and Whole Sales industry is currently in the top 32% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]