| A Great Spring Ride for New; Used Auto Retailers (PAG, KMX, AN) With gasoline prices slowly easing at the pump as oil still languishes below $85 Penske Automotive Group, Inc. 7% in the last two months. The biggest auto retailer in the U. The AN vehicle unit sales in May 2012 totaled 23,763. 9% to $3. PAG operates 337 retail automotive franchises, representing 40 different brands and 29 collision repair centers and while shares hit $27. 20 range; a discount to new buyers of 14. New vehicle sales for Domestic cars were up 21% YOY; Imports up a whopping 78%, and premium luxury up 23%. Shares of AN were at $32. 6% in a month. 0% to $0. 55 per share. that's scheduled to open on June 23. KMX has 10 other Florida locations. KMX shares were trading at $34. 98 range; a discount to new buyers of the stock of 22. 25 today. With China seriously considering a Part II of its cash for clunkers program to spur newer vehicle sales and spur its GDP; it need look at no other firm than the U. 2012 auto spring for inspiration. . As of Dec 31 2011 AutoNation owned and operated 258 new vehicle franchises from 215 stores. Penske Automotive sells both new and used cars and looking at its Q1 2012 numbers from late April; they too were 'inspiring' with an improvement in total retail unit sales of 18. 3% to $506. AutoNation just posted its May sales numbers: up 45% YOY. Wow. Q1 revenue increased by 17. EPS increased 41. 6 million. A Great Spring Ride for New; Used Auto Retailers (PAG, KMX, AN) |
Tuesday, 5 June 2012
A Great Spring Ride for New; Used Auto Retailers (PAG, KMX, AN)
