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Classified in: Transportation, Business
Subject: INO

Daily Technical Summary Reports on Auto Dealerships Stocks -- Copart, AutoNation, CarMax, and Cars.com

NEW YORK, October 5, 2017 /PRNewswire/ --

If you want a Stock Review on CPRT, AN, KMX, or CARS then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Companies in the Auto Dealerships space are the link between the manufacturer of the automobile and the consumer. With their large inventories of cars, dealers provide consumers with a wide array of vehicles to meet their needs at different price points. Ahead of today's trading session, DailyStockTracker.com monitors the performance of Copart Inc. (NASDAQ: CPRT), AutoNation Inc. (NYSE: AN), CarMax Inc. (NYSE: KMX), and Cars.com Inc. (NYSE: CARS). Register now and get full and free access to these DailyStockTracker.com research reports at: http://dailystocktracker.com/register/


On Wednesday, shares in Dallas, Texas headquartered Copart Inc. recorded a trading volume of 1.22 million shares, which was above their three months average volume of 1.17 million shares. The stock ended at $34.78, rising 0.38% from the last trading session. The Company's shares have gained 7.05% in the last one month, 14.30% over the previous three months, and 25.54% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.44% and 13.65%, respectively. Furthermore, shares of Copart, which provides online auctions and vehicle remarketing services, have a Relative Strength Index (RSI) of 71.82.  

On September 14th, 2017, Copart announced the expansion of its New Orleans, Louisiana location at 14600 Old Gentilly Road. The New Orleans expansion marks the twelfth Company expansion announced this calendar year. The location holds online vehicle auctions every Wednesday at noon CT.  Access our complete research report on CPRT for free at: http://dailystocktracker.com/registration/?symbol=CPRT


Fort Lauderdale, Florida headquartered AutoNation Inc.'s stock finished yesterday's session 1.57% lower at $47.61 with a total trading volume of 615,843 shares. The Company's shares have gained 3.48% in the last one month and 15.92% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 8.51% and 7.72%, respectively. Furthermore, shares of AutoNation, which through its subsidiaries, operates as an automotive retailer in the US, have an RSI of 60.88.  
On October 03rd, 2017, AutoNation announced that Mike Jackson, Company Chairman, CEO and President, and Mayor John P. "Jack" Seiler, Mayor, City of Fort Lauderdale, have united in recognition of Breast Cancer Awareness Month by unveiling a giant pink ribbon statue that will remain on Fort Lauderdale Beach throughout the month of October. Through its Drive Pink Initiative, the Company has raised more than $11 million to fund cancer-related charities.

On October 04th, 2017, research firm Berenberg initiated a 'Buy' rating on the Company's stock, with a target price of $55 per share. The complimentary research report on AN can be downloaded at: http://dailystocktracker.com/registration/?symbol=AN


At the close of trading on Wednesday, shares in Richmond, Virginia-based CarMax Inc. climbed 0.16%, ending the day at $76.45. The stock recorded a trading volume of 1.63 million shares. The Company's shares have advanced 10.76% in the last one month, 20.37% in the previous three months, and 18.73% since the start of this year. The stock is trading 12.90% and 19.20% above its 50-day and 200-day moving averages, respectively. Moreover, shares of CarMax have an RSI of 77.30.  

On September 22nd, 2017, CarMax reported results for Q2 ended August 31st, 2017. Total used vehicle unit sales for Q2 FY18 grew 11.1%, wholesale vehicle unit sales increased 0.4%, and other sales and revenues increased 6.4%. For the quarter, total gross profit was $604.0 million, SG&A expenses were $405.1 million, and CarMax Auto Finance income was $107.9 million.

On October 04th, 2017, research firm Berenberg initiated a 'Hold' rating on the Company's stock, with a target price of $83 per share. Register for free on DailyStockTracker.com and get access to the latest report on KMX at: http://dailystocktracker.com/registration/?symbol=KMX


Chicago, Illinois headquartered Cars.com Inc.'s shares ended the day 2.19% higher at $28.04. A total volume of 1.55 million shares was traded, which was above their three months average volume of 1.41 million shares. The stock has gained 5.45% in the last month, 6.29% over the previous three months, and 13.61% on an YTD basis. The Company's shares are trading 9.68% above their 50-day moving average and 8.63% above their 200-day moving average. Additionally, shares of Cars.com have an RSI of 67.99.  

On September 29th, 2017, Cars.com announced the launch of a new, multi-media advertising campaign that will amplify the brand across multiple media platforms throughout the fourth quarter of 2017. The campaign includes a full week of broadcast TV advertising during the highly visible Premiere Week, which kicked off on September 25th, 2017. The Company developed two new 15-second TV commercials, including "Twins" and "Donut," which will run across more than 15 series premieres on ABC, NBC, and CBS. Download your free research report on CARS at: http://dailystocktracker.com/registration/?symbol=CARS


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