Subject: INO
Quotidian Technical Highlights on Selected Auto Dealerships Stocks -- Penske Automotive, Carvana, CarGurus, and Copart
NEW YORK, Dec. 13, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on PAG, CVNA, CARG, and CPRT which is a click away at www.wallstequities.com/registration. Featured today on WallStEquities.com is the Auto Dealerships industry, which comprises companies that are engaged in retail sales of new and used passenger cars, light trucks, SUVs, and passenger and cargo vans. Equities under observation this morning are: Penske Automotive Group Inc. (NYSE: PAG), Carvana Co. (NYSE: CVNA), CarGurus Inc. (NASDAQ: CARG), and Copart Inc. (NASDAQ: CPRT). Wall St. Equities has a wide array of free research reports which include today's stock picks, register now to access them at:
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Penske Automotive Group
On Tuesday, shares in Bloomfield Hills, Michigan headquartered Penske Automotive Group Inc. recorded a trading volume of 338,523 shares. The stock ended at $48.12, declining 0.23% from the last trading session. The Company's shares have gained 3.26% in the last one month and 7.27% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 2.68% and 6.92%, respectively. Furthermore, shares of Penske Automotive, which operates as a transportation services company, have a Relative Strength Index (RSI) of 55.50. Follow the link below to your free research report on PAG at:
www.wallstequities.com/registration/?symbol=PAG
Carvana
Phoenix, Arizona headquartered Carvana Co.'s stock finished yesterday's session 3.05% higher at $21.30 with a total trading volume of 269,026 shares. The Company's shares have gained 50.11% in the last one month, 18.01% over the previous three months, and 91.89% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 38.58% and 32.88%, respectively. Furthermore, shares of Carvana, which operates an e-commerce platform for buying used cars in the US, have an RSI of 70.95.
On December 06th, 2017, Carvana announced its expansion into Tucson, the Company's second market in Arizona. Area residents can shop more than 8,000 vehicles, finance, purchase, and even trade in an old car in as little as ten minutes from the comfort of home or on the go from their mobile device - all with free, as-soon-as-next-day vehicle delivery.
On December 08th, 2017, research firm Deutsche Bank downgraded the Company's stock rating from 'Buy' to 'Hold' while revising its previous target price from $22 a share to $23.50 a share. The free technical report on CVNA can be accessed at:
www.wallstequities.com/registration/?symbol=CVNA
CarGurus
At the close of trading on Tuesday, shares in Cambridge, Massachusetts headquartered CarGurus Inc. saw a decline of 2.49%, ending the day at $29.80. The stock recorded a trading volume of 187,520 shares. The Company's shares have advanced 2.87% in the last one month and 8.05% since the start of this year. Moreover, shares of CarGurus, which operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide, have an RSI of 50.60.
On November 15th, 2017, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $33 a share to $34 a share. Sign up for free on Wall St. Equities and claim the latest report on CARG at:
www.wallstequities.com/registration/?symbol=CARG
Copart
Dallas, Texas headquartered Copart Inc.'s shares ended the day 0.46% lower at $43.70. A total volume of 1.37 million shares was traded, which was above their three months average volume of 1.23 million shares. The stock has surged 21.90% in the last month, 33.23% over the previous three months, and 57.73% on an YTD basis. The Company's shares are trading 15.91% above their 50-day moving average and 33.10% above their 200-day moving average. Additionally, shares of Copart, which provides online auctions and vehicle remarketing services, have an RSI of 78.52.
On November 21st, 2017, Copart reported its financial results for the three months ended October 31st, 2017. Revenue for Q1 FY18 was $419.2 million, gross margin was $163.3 million, and net income was $77.5 million. Cash and cash equivalents at the end of the period totaled $224.2 million.
On November 24th, 2017, research firm JP Morgan reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $35 a share to $41 a share. See the free research coverage on CPRT at:
www.wallstequities.com/registration/?symbol=CPRT
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