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11700.0
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2016-02-17 00:00:00 UTC
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3 Reasons Autozone Stock Could Rise
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AAP
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https://www.nasdaq.com/articles/3-reasons-autozone-stock-could-rise-2016-02-17
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nan
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nan
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AZO Operating Margin (TTM) data by YCharts .
The hedge fund argued the growing complexity of cars bode well for retailers catering to DIFMs, but an equally strong argument can be made that a sour economy will have people opting to fix their cars themselves anyway, giving preference to AutoZone and Genuine Parts, which oversees some 4,900 independently owned NAPA Auto Parts stores.
3. The industry does well in good times or bad.
While an ailing economy can provide a motivator to car owners to maintain their vehicles themselves, the after-market auto parts industry is largely protected from cyclical downturns, and even countercyclical moves. It's basically an all-weather performer.
According to Starboard Value, between the late 1990s and 2014, there were just three years total where any of the industry players suffered from falling comparable-store sales, with the worst being AutoZone's 2.1% drop in 2005. In short, sales are virtually always going up.
Because AutoZone is the industry leader and the most profitable company in the segment of the market that should perform best as it benefits from industry trends breaking in its favor, look for AutoZone to rev its engine a little more yet and watch its stock jump off the line higher.
The next billion-dollar iSecret
The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
The article 3 Reasons Autozone Stock Could Rise originally appeared on Fool.com.
Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Ford. The Motley Fool owns shares of O'Reilly Automotive. The Motley Fool recommends General Motors. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2016 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The hedge fund argued the growing complexity of cars bode well for retailers catering to DIFMs, but an equally strong argument can be made that a sour economy will have people opting to fix their cars themselves anyway, giving preference to AutoZone and Genuine Parts, which oversees some 4,900 independently owned NAPA Auto Parts stores. While an ailing economy can provide a motivator to car owners to maintain their vehicles themselves, the after-market auto parts industry is largely protected from cyclical downturns, and even countercyclical moves. According to Starboard Value, between the late 1990s and 2014, there were just three years total where any of the industry players suffered from falling comparable-store sales, with the worst being AutoZone's 2.1% drop in 2005.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Motley Fool owns shares of O'Reilly Automotive.
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The hedge fund argued the growing complexity of cars bode well for retailers catering to DIFMs, but an equally strong argument can be made that a sour economy will have people opting to fix their cars themselves anyway, giving preference to AutoZone and Genuine Parts, which oversees some 4,900 independently owned NAPA Auto Parts stores. According to Starboard Value, between the late 1990s and 2014, there were just three years total where any of the industry players suffered from falling comparable-store sales, with the worst being AutoZone's 2.1% drop in 2005. Because AutoZone is the industry leader and the most profitable company in the segment of the market that should perform best as it benefits from industry trends breaking in its favor, look for AutoZone to rev its engine a little more yet and watch its stock jump off the line higher.
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According to Starboard Value, between the late 1990s and 2014, there were just three years total where any of the industry players suffered from falling comparable-store sales, with the worst being AutoZone's 2.1% drop in 2005. Because AutoZone is the industry leader and the most profitable company in the segment of the market that should perform best as it benefits from industry trends breaking in its favor, look for AutoZone to rev its engine a little more yet and watch its stock jump off the line higher. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
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11701.0
|
2016-02-17 00:00:00 UTC
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53 Trades to Stay Ahead of the Curve
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AAP
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https://www.nasdaq.com/articles/53-trades-stay-ahead-curve-2016-02-17
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nan
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nan
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips
During these busy times, it pays to stay on top of the latest profit opportunities.
Today's blog post should be a great place to start. After taking a close look at the latest data on institutional buying pressure and each company's fundamental health, I decided to revise my Portfolio Grader recommendations for 53 big blue-chips stocks.
Chances are that you have at least one of these stocks in your portfolio, so you may want to give this list a skim and act accordingly.
10 Stocks to Buy and Hold Forever
Let's get started…
Upgrades
Last Week's Holds, Now Buys
Last Week's Sells, Now Holds
Downgrades
Last Week's Buys, Now Holds
Last Week's Holds, Now Sells
To stay on top of my latest stock ratings, plug your holdings into Portfolio Grader , my proprietary stock screening tool. You may get started here .
More From InvestorPlace
10 Companies That Have Fallen On Their Face in 20166 Gold Stocks to Buy While the Market Chokes7 Stocks to Buy for MONSTER Growth in 2016
The post 53 Trades to Stay Ahead of the Curve appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips During these busy times, it pays to stay on top of the latest profit opportunities. After taking a close look at the latest data on institutional buying pressure and each company's fundamental health, I decided to revise my Portfolio Grader recommendations for 53 big blue-chips stocks. More From InvestorPlace 10 Companies That Have Fallen On Their Face in 20166 Gold Stocks to Buy While the Market Chokes7 Stocks to Buy for MONSTER Growth in 2016 The post 53 Trades to Stay Ahead of the Curve appeared first on InvestorPlace .
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips During these busy times, it pays to stay on top of the latest profit opportunities. 10 Stocks to Buy and Hold Forever Let's get started… Upgrades Last Week's Holds, Now Buys Last Week's Sells, Now Holds Downgrades Last Week's Buys, Now Holds Last Week's Holds, Now Sells To stay on top of my latest stock ratings, plug your holdings into Portfolio Grader , my proprietary stock screening tool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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10 Stocks to Buy and Hold Forever Let's get started… Upgrades Last Week's Holds, Now Buys Last Week's Sells, Now Holds Downgrades Last Week's Buys, Now Holds Last Week's Holds, Now Sells To stay on top of my latest stock ratings, plug your holdings into Portfolio Grader , my proprietary stock screening tool. More From InvestorPlace 10 Companies That Have Fallen On Their Face in 20166 Gold Stocks to Buy While the Market Chokes7 Stocks to Buy for MONSTER Growth in 2016 The post 53 Trades to Stay Ahead of the Curve appeared first on InvestorPlace . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips During these busy times, it pays to stay on top of the latest profit opportunities. Today's blog post should be a great place to start. After taking a close look at the latest data on institutional buying pressure and each company's fundamental health, I decided to revise my Portfolio Grader recommendations for 53 big blue-chips stocks.
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11702.0
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2016-02-16 00:00:00 UTC
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Time to Buy Advance Auto Parts?
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AAP
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https://www.nasdaq.com/articles/time-buy-advance-auto-parts-2016-02-16
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nan
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nan
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Advance Auto Parts offers a lot to investors in 2016: It's a deep-value stock in a recession-resistant industry. Same-store sales increased during the last recession for it, O'Reilly Automotive , and AutoZone , and through its 2014 acquisition of General Parts International (owner of Carquest and Worldpac), the company has an opportunity to raise its margin to the level of its peers.
Let's take a look at the latest fourth-quarter results and asses the investment proposition.
The case for buying Advance Auto Parts stock
Key points:
The acquisition and integration of Carquest's mostly do-it-for-me (DIFM) stores will help Advance fulfill its strategic aim of expanding DIFM sales.
Integrating Carquest will enable it to follow the dual-market model (selling DIFM and DIY from the same store) that O'Reilly successfully rolled out with its 2008 acquisition of CSK Automotive.
Advance Auto Parts' operational metrics, such as operating margin and return on invested capital, are trailing AutoZone's and O'Reilly's, and the company has the chance to play catch-up.
Putting these points into context, consider management's target of 12% earnings before interest and tax (EBIT) margin by 2017. Advance Auto ended 2015 with an adjusted EBIT margin of around 10%, so the intended move to 12% by the end of the year represents a significant step.
Here's a look at enterprise value (market cap plus net debt) to EBIT:
AZO EV to EBIT (TTM) data by YCharts .
Analyst estimates are for $9.83 billion in revenue for 2016, so if Advance Auto hits the 12% target (for argument's sake, let's assume investors will price it as 12% for the full year) then EBIT gets to $1.18 billion.
Arguably, Advance Auto should trade at a multiple closer to O'Reilly's than AutoZone's, because its DIFM and DIY sales are more balanced (actually, Advance Auto already has a larger share of revenue from DIFM), and AutoZone has more than 80% of its sales in the less-attractive DIY market.
No matter, assuming AutoZone's 13.4 times multiple and O'Reilly's 17.3 times (and using the $1.18 billion figure above) gives an EV of $15.83 billion to $20.41 billion. These figures imply a price target range of $200 to $262 -- a 40% to 85% upside to the stock price.
What management needs to do
In the recent fourth-quarter earnings presentation, management did the following:
Maintained the target of 12% EBIT margin by 2017, implying a 180-basis-point (where 100 basis points equals 1%) improvement from the full-year 2015 figure of 10.2%.
Forecast modest reported revenue growth for 2016.
Predicted comparable-store sales growth in the "low single digits."
The EBIT margin improvement is intended to include 100 basis points from selling, general, and administrative (SG&A) expenses (including 50 basis points of cost synergies), and the rest is dependent on leverage from increased sales. Here's CEO George Sherman on the earnings call: "Yes, we know the size of the improvement that it represents, 10% to 12%, and it certainly would be aided quite a bit by the top line that we expect. So the leverage portion of this is important, but we have clearly over-indexed on the expense side."
Clearly, the company needs the "modest" revenue growth (which tallies with the 1% growth expected by analysts) management predicted for 2016 -- cost savings will not be enough.
The tricky bit
Unfortunately, the integration of Carquest is proving more complex than expected, and the company has reported three disappointing earnings reports in a row and cited customer disruptions caused by integrating Carquest.
Consequently, sales growth has been hard to come by recently. Adjusted reported sales fell 2.6% in the fourth quarter, and same-store sales growth has turned negative.
Data source: Advance Auto Parts presentations.
Moreover, current trading isn't much better. According to Sherman on the earnings call: "If you look at Q1 so far, sequentially we've seen some progress, but it is not up to what our expectations are right now."
And this comes at a time when AutoZone's same-store sales increased 3.5% in its last reported quarter, while O'Reilly Automotive (recall that it's a DIFM-heavy company like Advance Auto) increased same-store sales by 7.7% in its fourth quarter.
Two scenarios
Looking ahead, there are two possible outcomes in 2016. The first involves a lowering of full-year expectations -- Advance Auto is searching for a new CEO, and he might do that if/when appointed -- which would hit the stock price in the near term.
The second scenario is that the company successfully executes on its collocation (Carquest stores are closed and relocated in nearby Advance Auto stores) and conversion (Carquest stores are converted to Advance Auto stores) plans, and management hits 12% EBIT margin and sales growth in 2016 -- the stock would go higher.
A buy?
In a sense, it's a classic deep-value investing conundrum: near-term risk vs. long-term value. Frankly, I think investors should view the proposition favorably, because O'Reilly And AutoZone are giving good sales numbers -- evidence that the environment remains favorable -- and investing in a company that could benefit from low gasoline prices (more miles driven equals more automobile wear and tear) is a good place to be in the current environment. Advance Auto may well disappoint operationally, but on balance, it's a good value.
The next billion-dollar iSecret
The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early, in-the-know investors! To be one of them, just click here .
The article Time to Buy Advance Auto Parts? originally appeared on Fool.com.
Lee Samaha has no position in any stocks mentioned. The Motley Fool owns shares of O'Reilly Automotive. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2016 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Same-store sales increased during the last recession for it, O'Reilly Automotive , and AutoZone , and through its 2014 acquisition of General Parts International (owner of Carquest and Worldpac), the company has an opportunity to raise its margin to the level of its peers. Integrating Carquest will enable it to follow the dual-market model (selling DIFM and DIY from the same store) that O'Reilly successfully rolled out with its 2008 acquisition of CSK Automotive. The first involves a lowering of full-year expectations -- Advance Auto is searching for a new CEO, and he might do that if/when appointed -- which would hit the stock price in the near term.
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The case for buying Advance Auto Parts stock Key points: The acquisition and integration of Carquest's mostly do-it-for-me (DIFM) stores will help Advance fulfill its strategic aim of expanding DIFM sales. The EBIT margin improvement is intended to include 100 basis points from selling, general, and administrative (SG&A) expenses (including 50 basis points of cost synergies), and the rest is dependent on leverage from increased sales. The second scenario is that the company successfully executes on its collocation (Carquest stores are closed and relocated in nearby Advance Auto stores) and conversion (Carquest stores are converted to Advance Auto stores) plans, and management hits 12% EBIT margin and sales growth in 2016 -- the stock would go higher.
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Arguably, Advance Auto should trade at a multiple closer to O'Reilly's than AutoZone's, because its DIFM and DIY sales are more balanced (actually, Advance Auto already has a larger share of revenue from DIFM), and AutoZone has more than 80% of its sales in the less-attractive DIY market. And this comes at a time when AutoZone's same-store sales increased 3.5% in its last reported quarter, while O'Reilly Automotive (recall that it's a DIFM-heavy company like Advance Auto) increased same-store sales by 7.7% in its fourth quarter. The second scenario is that the company successfully executes on its collocation (Carquest stores are closed and relocated in nearby Advance Auto stores) and conversion (Carquest stores are converted to Advance Auto stores) plans, and management hits 12% EBIT margin and sales growth in 2016 -- the stock would go higher.
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The case for buying Advance Auto Parts stock Key points: The acquisition and integration of Carquest's mostly do-it-for-me (DIFM) stores will help Advance fulfill its strategic aim of expanding DIFM sales. What management needs to do In the recent fourth-quarter earnings presentation, management did the following: Maintained the target of 12% EBIT margin by 2017, implying a 180-basis-point (where 100 basis points equals 1%) improvement from the full-year 2015 figure of 10.2%. The article Time to Buy Advance Auto Parts?
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11703.0
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2016-02-11 00:00:00 UTC
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3 Value Stocks Near 52-Week Lows Worth Buying
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AAP
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https://www.nasdaq.com/articles/3-value-stocks-near-52-week-lows-worth-buying-2016-02-11
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nan
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nan
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Image source: Pixabay.
While many companies' shares are rising past their fair values now, others are trading at potentially bargain prices. The difficulty with bargain shopping, though, is that you may be understandably hesitant to buy stocks wallowing at 52-week lows. In an effort to separate the rebound candidates from the laggards, it makes sense to start by determining whether the market has overreacted to a company's bad news.
Here's a look at three fallen angels trading near their 52-week lows that could be worth buying.
Banking on your future
We're going to begin this week with a company I own in my personal portfolio, and one that I'm pretty sure I've mentioned in this column before. Nonetheless, it may be time for a little doubling down on Bank of America , perhaps the most-attractive money-center bank you can buy,
I'm certainly not oblivious as a shareholder to Bank of America's flaws. Bank of America's energy portfolio has roughly $21.3 billion in loans outstanding, of which $8.3 billion is deemed to be for high-risk oil exploration and production, as well as oil services companies. Although this represents only 2% of outstanding corporate loans, it could weigh on near-term profitability if some of these loans default because of falling oil prices . Additionally, weakness in Europe and China has weighed on global growth prospects, and the Federal Reserve's precipitously low lending rates have halted net interest margin expansion for Bank of America.
Image source: Bank of America.
But I've been holding Bank of America for more than four years now, and I see no reason to sell. In fact, I see all the more reason to add. The biggest catalyst of all in my book is putting the vast majority of mortgage-related litigation in the rearview mirror. We're talking a cumulative $60-billion plus in fines since the Great Recession that's no longer going to weigh on B of A's earnings reports.
Secondly, CEO Brian Moynihan is focused on returning cash to shareholders now that regulators have given Bank of America the OK to do so. We're likely to see a mixture of increased dividends and share buybacks in the coming years. Share buybacks could be a particular focus, as Foolish colleague and Bank of America shareholder John Maxfield noted last month , because B of A had to dilute shareholders in order to raise equity during the mortgage meltdown.
Finally, Bank of America simply looks fundamentally attractive from a variety of standpoints. It's valued well below its tangible book value of $15.62, consumer and global deposits and loans are rising on a year-over-year basis, and its credit quality has steadily improved. Looking even two years down the road, Bank of America could produce a litigation-free year of $2 in EPS. That would represent a P/E around six, potentially making Bank of America one of the most-attractive value plays (remember my bias -- I own it!) out there.
Ladies and gentlemen, start your engines
Next up, we'll jog from the financial sector to industrials, and take a closer look at why auto parts supplier Advance Auto Parts , which runs more than 5,200 retail locations in North America, could be a value stock worth adding to your portfolio.
Image source: Flickr user Mike Mozart.
What's been weighing on Advanced Auto Parts lately? Firstly, projections of a nearing top in auto sales have hurt automakers and parts suppliers without prejudice.
Weakness in key industrial stocks, such as autos, may be signaling that a global recession is around the corner. It's certainly not an exact science, but the company's low single-digit percentage sales growth underwhelmed a bit during its Q3 report. Higher than expected costs associated with its acquisition of General Parts International is the other issue.
That's the bad news. Now here's why value investors may want to dig a bit deeper.
For starters, Advanced Auto Parts' business model is actually set up for success in a rising and contracting market environment. During recessions, consumers still need to fix problems with their vehicles, but they'll look for cost-conscious options first. What better place than a do-it-yourself parts supplier like Advance Auto Parts? On the flip side, expansionary markets have a tendency to loosen wallets, also benefiting auto parts retailers. The company's focus on both retail and commercial customers helps, as well.
Another key point is that the General Parts acquisition should translate into cost-savings and margin expansion by as soon as next year. Based on commentary from the company during Q3, Advance Auto anticipates 12% operating income expansion in 2016. The deal also expanded Advanced Auto's presence, and it further solidified opportunities in the consumer and commercial channels.
And like Bank of America above, it's just fundamentally attractive. I am disappointed with its paltry dividend, and would expect a substantive increase in the coming years; but its forward P/E of 15, and the expectation for $12+ in EPS by 2018, lends to the belief that there could be some substantial value to be had in Advance Auto Parts' shares.
Setting up shop for the long haul
Finally, I'd encourage value investors with a bit of an iron stomach to turn their attention to real estate investment trust HCP , which earlier this week did its best swan dive impression after guiding its 2016 forecast well below expectations.
Image source: Pixabay.
HCP is a purchaser of medical office buildings, hospitals, skilled nursing facilities, and life science buildings, which it then turns around and leases for a profit. The big issue of late has been its HCR Manorcare unit, which has struggled under the weight of lower Medicare reimbursement rates. Additionally, its HCR Manorcare unit is in the process of jettisoning 50 non-core assets. This transitional period is causing further disruption. Ultimately, HCP had this to say in its Q4 report:
That guidance called for $2.74 to $2.80 in funds from operations in 2016 compared to expectation which had called for $3.17 in FFO in 2016.
But there was good news, as well. HCP also announced that it was increasing its dividend for the 31st consecutive year - the only REIT among the Dividend Aristocrats. The new payout of $0.575 per quarter, combined with Tuesday's tumble, places HCP's sustainable yield at a whopping 8.1%. At that yield, with reinvestment, you could double your money on the dividend alone in about nine years.
Additionally, there's the long-term trend of an aging society working in the company's favor. As baby boomers head into retirement this decade and the next, the need for new medicines, housing, and hospitals is only going to increase. That looks like the perfect formula for HCP's pricing power to rise over time.
Let's not also discount the positives that low lending rates are having on HCP. Access to cheap capital allows HCP to expand for a fraction of what it may have cost a decade ago. Based on its guidance, HCP is only valued at 10 times its 2016 FFO, which, with an 8% yield, seems like a pretty solid value to me.
The $15,978 Social Security bonus most retirees completely overlook
If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income. In fact, one MarketWatch reporter argues that if more Americans knew about this, the government would have to shell out an extra $10 billion annually. For example: one easy, 17-minute trick could pay you as much as $15,978 more... each year! Once you learn how to take advantage of all these loopholes, we think you could retire confidently with the peace of mind we're all after. Simply click here to discover how you can take advantage of these strategies.
The article 3 Value Stocks Near 52-Week Lows Worth Buying originally appeared on Fool.com.
Sean Williams owns shares of Bank of America, but has no material interest in any other companies mentioned in this article. You can follow him on CAPS under the screen nameTMFUltraLong, track every pick he makes under the screen nameTrackUltraLong, and check him out on Twitter, where he goes by the handle@TMFUltraLong.The Motley Fool recommends Bank of America. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2016 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In an effort to separate the rebound candidates from the laggards, it makes sense to start by determining whether the market has overreacted to a company's bad news. Additionally, weakness in Europe and China has weighed on global growth prospects, and the Federal Reserve's precipitously low lending rates have halted net interest margin expansion for Bank of America. Setting up shop for the long haul Finally, I'd encourage value investors with a bit of an iron stomach to turn their attention to real estate investment trust HCP , which earlier this week did its best swan dive impression after guiding its 2016 forecast well below expectations.
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Additionally, weakness in Europe and China has weighed on global growth prospects, and the Federal Reserve's precipitously low lending rates have halted net interest margin expansion for Bank of America. Ladies and gentlemen, start your engines Next up, we'll jog from the financial sector to industrials, and take a closer look at why auto parts supplier Advance Auto Parts , which runs more than 5,200 retail locations in North America, could be a value stock worth adding to your portfolio. The article 3 Value Stocks Near 52-Week Lows Worth Buying originally appeared on Fool.com.
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Nonetheless, it may be time for a little doubling down on Bank of America , perhaps the most-attractive money-center bank you can buy, I'm certainly not oblivious as a shareholder to Bank of America's flaws. Ladies and gentlemen, start your engines Next up, we'll jog from the financial sector to industrials, and take a closer look at why auto parts supplier Advance Auto Parts , which runs more than 5,200 retail locations in North America, could be a value stock worth adding to your portfolio. I am disappointed with its paltry dividend, and would expect a substantive increase in the coming years; but its forward P/E of 15, and the expectation for $12+ in EPS by 2018, lends to the belief that there could be some substantial value to be had in Advance Auto Parts' shares.
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Image source: Bank of America. What's been weighing on Advanced Auto Parts lately? What better place than a do-it-yourself parts supplier like Advance Auto Parts?
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11704.0
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2016-02-11 00:00:00 UTC
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Advance Auto Parts Beats Q4 Earnings, Misses on Revenues
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-beats-q4-earnings-misses-on-revenues-2016-02-11
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nan
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nan
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Advance Auto Parts Inc.AAP reported a 10.9% decline in comparable earnings to $1.22 per share in the fourth quarter of fiscal 2015 (ended Jan 2, 2016) from $1.37 in the prior-year quarter. However, the figure surpassed the Zacks Consensus Estimate of $1.21. Adjusted net earnings decreased 10.8% to $90.1 million from $101 million in the fourth quarter of fiscal 2014.
Advance Auto Parts Inc. (AAP) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany
Revenues went down 2.6% year over year to $2.03 billion and fell short of the Zacks Consensus Estimate of $2.07 billion. The decline resulted from a fall in comparable store sales and the adverse impact of previously announced store closures, partially offset by new store openings.
Comparable store sales dropped 2.5% in the reported quarter as against 1.1% growth recorded a year ago. The decline in comparable store sales was due to foreign currency fluctuations and lower demand for seasonal categories resulting from warmer winter weather.
Gross profit dropped 2.9% to $909.2 million or 44.7% of sales in the quarter from $936.2 million or 44.9% of sales a year ago. The decrease in gross profit margin can be attributed to supply chain expense due to a decline in comparable store sales, partially offset by lower shrink expenses.
Comparable selling, general and administrative (SG&A) expenses totaled $751.6 million or 37% of sales in the quarter under review, compared with $764.5 million or 36.6% of sales in the fourth quarter of fiscal 2014. The marginal increase in SG&A margin resulted from expense de-leverage arising from low comparable store sales, partially offset by continued cost-reduction initiatives and disciplined efforts to reduce administrative and support costs.
Comparable operating income fell 8.2% to $157.6 million from $171.7 million in the prior-year quarter. Operating margin was 7.7% versus 8.2% a year ago.
Fiscal 2015 Performance
Advance Auto Parts' comparable earnings increased 3% year over year to $7.82 per share in fiscal 2015 from $7.59 recorded in fiscal 2014. However, earnings missed the Zacks Consensus Estimate of $7.83. Revenues for full-year 2015 inched up 0.5% to $9.74 billion from $9.69 billion in 2014, but missed the Zacks Consensus Estimate of $9.75 billion.
Dividend
On Feb 9, 2016, the board of directors of Advance Auto Parts declared a regular quarterly dividend of 6 cents per share, payable on Apr 1, to stockholders on record as of Mar 18, 2016.
Financial Position
Advance Auto Parts had cash and cash equivalents of $90.8 million as of Jan 2, 2016, reflecting a decrease from $104.7 million as of Jan 3, 2015. Total long-term debt was $1.21 billion as of Jan 2, 2016, compared with $1.64 billion as of Jan 3, 2015.
During fiscal 2015, operating cash flow was $689.6 million compared with $709 million in fiscal 2014. Free cash flow in the period amounted to $454.9 million compared with $480.5 million in the prior-year period. Capital expenditures in the said period amounted to $234.7 million compared with $228.4 million a year ago.
Outlook
Advance Auto Parts expects comparable store sales to be in the low-single digits. Adjusted operating margin is expected to be 12%. Income tax rate will likely be in the range of 37.5%-38%.
Advance Auto Parts enhances profits through its relentless focus on store expansion. In 2016, Advance Auto Parts plans to open 65-75 new stores, including Worldpac branches.
Additionally, the company expects to incur capital expenditures in the range of $260-$280 million in fiscal 2016. Free cash flow will likely be $500 million.
Store Update
As of Jan 2, 2016, the company's total store count was 5,293, including 122 Worldpac branches. Advance Auto Parts served roughly 873 independently owned Carquest stores as of that date.
Zacks Rank
Advance Auto Parts currently carries a Zacks Rank #4 (Sell).
Better-ranked automobile stocks include Visteon Corp. VC , Wabash National Corp. WNC and Superior Industries International, Inc. SUP . All the three stocks sport a Zacks Rank #1 (Strong Buy).
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
SUPERIOR INDS (SUP): Free Stock Analysis Report
VISTEON CORP (VC): Free Stock Analysis Report
WABASH NATIONAL (WNC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc.AAP reported a 10.9% decline in comparable earnings to $1.22 per share in the fourth quarter of fiscal 2015 (ended Jan 2, 2016) from $1.37 in the prior-year quarter. Advance Auto Parts Inc. (AAP) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Revenues went down 2.6% year over year to $2.03 billion and fell short of the Zacks Consensus Estimate of $2.07 billion. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report VISTEON CORP (VC): Free Stock Analysis Report WABASH NATIONAL (WNC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Advance Auto Parts Inc.AAP reported a 10.9% decline in comparable earnings to $1.22 per share in the fourth quarter of fiscal 2015 (ended Jan 2, 2016) from $1.37 in the prior-year quarter. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report VISTEON CORP (VC): Free Stock Analysis Report WABASH NATIONAL (WNC): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. (AAP) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Revenues went down 2.6% year over year to $2.03 billion and fell short of the Zacks Consensus Estimate of $2.07 billion.
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Advance Auto Parts Inc.AAP reported a 10.9% decline in comparable earnings to $1.22 per share in the fourth quarter of fiscal 2015 (ended Jan 2, 2016) from $1.37 in the prior-year quarter. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report VISTEON CORP (VC): Free Stock Analysis Report WABASH NATIONAL (WNC): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. (AAP) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Revenues went down 2.6% year over year to $2.03 billion and fell short of the Zacks Consensus Estimate of $2.07 billion.
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Advance Auto Parts Inc.AAP reported a 10.9% decline in comparable earnings to $1.22 per share in the fourth quarter of fiscal 2015 (ended Jan 2, 2016) from $1.37 in the prior-year quarter. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report VISTEON CORP (VC): Free Stock Analysis Report WABASH NATIONAL (WNC): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. (AAP) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Revenues went down 2.6% year over year to $2.03 billion and fell short of the Zacks Consensus Estimate of $2.07 billion.
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11705.0
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2016-02-10 00:00:00 UTC
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Pre-Market Earnings Report for February 11, 2016 : PEP, RAI, TRI, K, TU, NLSN, TAP, INCY, CCE, AAP, BG, MOS
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-february-11-2016-pep-rai-tri-k-tu-nlsn-tap-incy-cce-aap-bg-mos
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nan
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nan
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The following companies are expected to report earnings prior to market open on 02/11/2016. Visit our Earnings Calendar for a full list of expected earnings releases.
Pepsico, Inc. ( PEP ) is reporting for the quarter ending December 31, 2015. The beverages company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.06. This value represents a 5.36% decrease compared to the same quarter last year. In the past year PEP has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 7.14%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for PEP is 21.55 vs. an industry ratio of -67.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Reynolds American Inc ( RAI ) is reporting for the quarter ending December 31, 2015. The tobacco company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.50. This value represents a 13.64% increase compared to the same quarter last year. In the past year RAI has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2015 Price to Earnings ratio for RAI is 23.85 vs. an industry ratio of 21.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Thomson Reuters Corp ( TRI ) is reporting for the quarter ending December 31, 2015. The technology services company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.58. This value represents a 34.88% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for TRI is 17.38 vs. an industry ratio of 2.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Kellogg Company ( K ) is reporting for the quarter ending December 31, 2015. The food company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.75. This value represents a 12.79% decrease compared to the same quarter last year. K missed the consensus earnings per share in the 4th calendar quarter of 2014 by -6.52%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for K is 20.40 vs. an industry ratio of 12.70, implying that they will have a higher earnings growth than their competitors in the same industry.
TELUS Corporation ( TU ) is reporting for the quarter ending December 31, 2015. The diversified company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.40. This value represents a 4.76% decrease compared to the same quarter last year. TU missed the consensus earnings per share in the 4th calendar quarter of 2014 by -12.5%. The "days to cover" for this stock exceeds 20 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for TU is 15.29 vs. an industry ratio of 22.10.
Nielsen N.V. ( NLSN ) is reporting for the quarter ending December 31, 2015. The business info service company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.76. This value represents a 3.80% decrease compared to the same quarter last year. In the past year NLSN has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2015 Price to Earnings ratio for NLSN is 18.20 vs. an industry ratio of 17.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Molson Coors Brewing Company ( TAP ) is reporting for the quarter ending December 31, 2015. The alcohol company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.52. This value represents a 5.45% decrease compared to the same quarter last year. TAP missed the consensus earnings per share in the 4th calendar quarter of 2014 by -17.91%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for TAP is 22.25 vs. an industry ratio of 8.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Incyte Corporation ( INCY ) is reporting for the quarter ending December 31, 2015. The biomedical (gene) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.06. This value represents a 127.27% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for INCY is -401.44 vs. an industry ratio of -15.00.
Coca-Cola Enterprises, Inc. ( CCE ) is reporting for the quarter ending December 31, 2015. The beverages company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.51. This value represents a 12.07% decrease compared to the same quarter last year. In the past year CCE has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 3.7%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for CCE is 18.67 vs. an industry ratio of -67.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2015. The wholesale retail company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.21. This value represents a 21.43% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 18.07 vs. an industry ratio of 7.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Bunge Limited ( BG ) is reporting for the quarter ending December 31, 2015. The agriculture company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.57. This value represents a 30.83% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for BG is 11.42 vs. an industry ratio of 16.90.
Mosaic Company ( MOS ) is reporting for the quarter ending December 31, 2015. The fertilizers company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.44. This value represents a 49.43% decrease compared to the same quarter last year. MOS missed the consensus earnings per share in the 1st calendar quarter of 2015 by -6.67%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for MOS is 8.52 vs. an industry ratio of 8.10, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 18.07 vs. an industry ratio of 7.20, implying that they will have a higher earnings growth than their competitors in the same industry. The technology services company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.58.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 18.07 vs. an industry ratio of 7.20, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2015 Price to Earnings ratio for PEP is 21.55 vs. an industry ratio of -67.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 18.07 vs. an industry ratio of 7.20, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2015 Price to Earnings ratio for PEP is 21.55 vs. an industry ratio of -67.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending December 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 18.07 vs. an industry ratio of 7.20, implying that they will have a higher earnings growth than their competitors in the same industry. In the past year PEP has beat the expectations every quarter.
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11706.0
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2016-01-28 00:00:00 UTC
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Auto Stock Roundup: Toyota Sales Top Volkswagen, GM; 2015 Recalls Set New Record
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-toyota-sales-top-volkswagen-gm-2015-recalls-set-new-record-2016-01-28
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nan
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nan
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In 2015, Toyota Motor Corporation TM emerged as the leading automaker in terms of global sales for the fourth consecutive year. The Japanese automaker managed to surpass both Volkswagen AG VLKAY and General Motors Co. GM to maintain its lead. Both Toyota and Honda Motor Co., Ltd. HMC also reported their production data for last year.
Meanwhile, the tally for last year's auto recalls in the U.S. also came in. As expected, the figures surpassed the record volumes in 2014 to hit a new all-time high. Even the current year is not offering any respite from recalls to vehicle owners. A new fatality and additional testing resulted in the expansion of vehicles with defective Takata airbag inflators by another 5 million units.
(Read the previous roundup here: Auto Stock Roundup for Jan 21, 2016 )
Recap of the Week's Most Important Stories
1. Toyota reported global sales of 10.15 million units in 2015, surpassing Volkswagen and General Motors to become the leading automaker for the fourth year in a row. The second position was held by Volkswagen, with global sales of 9.93 million vehicles in 2015. However, as expected, the German automaker's sales fell 2% from 2014 due to the negative impact of the emission scandal. With sales of 9.8 million vehicles, General Motors came in third (read more: Toyota Beats Volkswagen & GM to Retain Sales Lead in 2015 ).
2. Auto recalls in the U.S. hit 51.26 million units in 2015, setting a new record. Massive recalls related to the defective Takata airbags and stricter implementation by the government contributed to the large number of recalls. Heavy fines imposed on many automakers for delay in reporting safety issues also prompted many companies to proactively announce safety recalls.
In total, automakers announced nearly 900 recalls last year, which was also a new record. The previous record for both the number of recalls as well as the number of vehicles recalled was set in 2014, when automakers announced 803 recalls covering 50.99 million vehicles (read more: U.S. Auto Recalls of 51.3M in 2015 Break 2014 Record ).
3. The National Highway Traffic Safety Administration (NHTSA) raised the recall of vehicles affected by defective Takata airbag inflators by around 5 million, taking the number of affected airbags to 28 million units in 24 million vehicles. A new fatality in a Ford vehicle prompted 1 million of the new recalls, while additional testing on driver-side airbags resulted in the remaining 4 million additional recalls. The expanded recall adds Volkswagen, Audi, Mercedes-Benz and Saab to the list of affected automakers.
4. Honda produced 4,543,838 vehicles globally in 2015, up 0.7% year over year. This is the highest production volume for the automaker. Honda raised its production outside Japan by 7.2% to a record 3,813,345 units, while production in Japan was down 23.8% to 730,493 units.
5. Toyota's total worldwide production declined 2% year over year to 10,083,783 units in 2015. This was due to a 4.2% cut in production in Japan to 4,035,434 units, and a 0.4% reduction in production outside Japan to 6,048,349 units.
Performance
After a few weeks of weak performance, many auto stocks managed to record gains over the last week, led by Advance Auto Parts Inc. AAP . Meanwhile, AutoZone Inc. AZO was the only stock among the ones listed below to record gains over the last six months. Harley-Davidson, Inc. HOG was the worst performer over both the long and short term.
What's Next in the Auto Space?
Many companies in the auto sector including Ford, General Motors, Harley-Davidson, Honda and Lear Corp are scheduled to report their fourth-quarter earnings over the week.
Major automakers will also report their U.S. sales data for January on Feb 2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
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HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
HARLEY-DAVIDSON (HOG): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Performance After a few weeks of weak performance, many auto stocks managed to record gains over the last week, led by Advance Auto Parts Inc. AAP . Click to get this free report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. In 2015, Toyota Motor Corporation TM emerged as the leading automaker in terms of global sales for the fourth consecutive year.
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Click to get this free report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Performance After a few weeks of weak performance, many auto stocks managed to record gains over the last week, led by Advance Auto Parts Inc. AAP . Toyota reported global sales of 10.15 million units in 2015, surpassing Volkswagen and General Motors to become the leading automaker for the fourth year in a row.
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Click to get this free report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Performance After a few weeks of weak performance, many auto stocks managed to record gains over the last week, led by Advance Auto Parts Inc. AAP . The previous record for both the number of recalls as well as the number of vehicles recalled was set in 2014, when automakers announced 803 recalls covering 50.99 million vehicles (read more: U.S. Auto Recalls of 51.3M in 2015 Break 2014 Record ).
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Performance After a few weeks of weak performance, many auto stocks managed to record gains over the last week, led by Advance Auto Parts Inc. AAP . Click to get this free report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Both Toyota and Honda Motor Co., Ltd. HMC also reported their production data for last year.
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11707.0
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2016-01-14 00:00:00 UTC
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Commit To Purchase Advance Auto Parts At $110, Earn 4.9% Using Options
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AAP
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https://www.nasdaq.com/articles/commit-purchase-advance-auto-parts-110-earn-49-using-options-2016-01-14
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nan
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nan
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Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) stock, but tentative about paying the going market price of $141.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $110 strike, which has a bid at the time of this writing of $5.40. Collecting that bid as the premium represents a 4.9% return against the $110 commitment, or a 4.8% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $110 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Advance Auto Parts Inc sees its shares fall 22.2% and the contract is exercised (resulting in a cost basis of $104.60 per share before broker commissions, subtracting the $5.40 from $110), the only upside to the put seller is from collecting that premium for the 4.8% annualized rate of return.
Interestingly, that annualized 4.8% figure actually exceeds the 0.2% annualized dividend paid by Advance Auto Parts Inc by 4.6%, based on the current share price of $141.65. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to fall 22.16% to reach the $110 strike price.
Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.2% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $110 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2017 put at the $110 strike for the 4.8% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Advance Auto Parts Inc (considering the last 253 trading day closing values as well as today's price of $141.65) to be 32%. For other put options contract ideas at the various different available expirations, visit the AAP Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Thursday, the put volume among S&P 500 components was 1.08M contracts, with call volume at 1.11M, for a put:call ratio of 0.97 so far for the day, which is unusually high compared to the long-term median put:call ratio of .65. In other words, there are lots more put buyers out there in options trading so far today than would normally be seen, as compared to call buyers. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) stock, but tentative about paying the going market price of $141.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.2% annualized dividend yield.
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Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) stock, but tentative about paying the going market price of $141.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.2% annualized dividend yield.
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Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) stock, but tentative about paying the going market price of $141.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.2% annualized dividend yield.
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Investors considering a purchase of Advance Auto Parts Inc (Symbol: AAP) stock, but tentative about paying the going market price of $141.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to AAP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. In the case of Advance Auto Parts Inc, looking at the dividend history chart for AAP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.2% annualized dividend yield.
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11708.0
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2016-01-05 00:00:00 UTC
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Bridgestone Bows Out of the Pep Boys Bidding War
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AAP
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https://www.nasdaq.com/articles/bridgestone-bows-out-pep-boys-bidding-war-2016-01-05
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nan
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nan
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Pep Boys is poised to become part of Carl Icahn's portfolio now that tire maker Bridgestone has ceded the field to the billionaire investor. Image source: Mike Mozart via Flickr.
So who will Bridgestone pursue now? The Japanese tire maker finally bowed out of the bidding war for Pep Boys after billionaire investor Carl Icahn trumped its last offer with one for $18.50 a share and made it clear he was willing to spend what it took to win.
Although Bridgestone had gamely tried to counter Icahn's offers in a series of tit-for-tat exchanges, with Pep Boys bemusedly sitting back and saying first one side's offer was superior, then the other, it became quickly apparent the tire maker was tiring of the game. It had attempted to cut off all communication between Pep Boys and Icahn by including language in its amended offer precluding the aftermarket auto-parts and service center from negotiating any further with the investor. It also increased the breakup fee Pep Boys would have to pay if their deal fell through. But Icahn returned with a follow-up bid Pep Boys couldn't ignore.
Bowing out gracefully
And so Bridgestone finally relented and said it would not match or top Icahn's last offer, which effectively valued Pep Boys at around $1 billion. It was reaching a peak valuation, anyway, as even Icahn was getting leery of the breakup fees that the auto-parts retailer was going to have to pay if he won. The hedge fund operator noted that if Bridgestone parried his offer and upped the termination fee again, even he would have to reconsider staying in the game.
Yet it was the tire maker that blinked first, and that ought to lead investors to wonder if Icahn overpaid for the opportunity. It was said O'Reilly Automotive had been in the early bidding on its rival, but it quickly got out after the bids surpassed $13 per share.
A good value?
Whereas rivals Advance Auto Parts , AutoZone , and O'Reilly are all profitable to varying degrees, Pep Boys has lost money over the past year, and any profits it has made have been dwindling quickly. In its third-quarter earnings report, Pep Boys said sales fell 2%, as comparable-service revenues from DIFMs ("do-it-for-mes") dropped 2.5% while comparable-merchandise sales from the DIYers fell 1.6%.
That, of course, was part of the attraction of buying the auto-parts retailer. Because there is a vibrant, growing, and potentially lucrative market for people needing someone to fix increasingly complex autos, finding the right components to turn the retailer around could be a profitable endeavor. It's one of the reasons Advance Auto Parts was also seen as a potential takeover target itself after an activist investor established a stake in the company.
The DIFM market represented by Pep Boys and Advance Auto Parts hasn't performed as well as the DIY end. Image source: Mike Mozart via Flickr.
Hedge fund Starboard Value has said Advance's stock could double to around $400 a share if operational and structural changes were made to the business. Like Pep Boys, which realizes almost 56% of its revenues from repair services, Advance Auto Parts also focuses more on the DIFMs, generating 57% of its revenues from the segment. In contrast, rivals AutoZone and O'Reilly are the opposite, concentrating more on the DIYers, where they generate 82% and 58% of their revenues, respectively.
A good mechanic is hard to find
It was also one of the reasons tire maker Bridgestone was after Pep Boys. The tire maker doesn't just sell tires: It also operates a network of 2,200 tire and automotive service centers. The auto-parts retailer would have added 800 more. But that's why Icahn wanted it, too.
The activist investor purchased Auto Plus this past summer and laid out at the time a strategic plan of growth to quickly build its "revenue and geographic impact" by making large acquisitions.
Bridgestone also has geographic growth ambitions, meaning it's a situation that could lead the tire maker to pursue Advance Auto Parts instead. But because it is substantially larger and financially healthier, Bridgestone might have to pony up more for an offer, and O'Reilly was rumored to be interested, too. Advance has more than 5,300 locations all across the U.S. and in Canada.
The main problem facing Pep Boys, and to a lesser extent Advance -- but benefiting AutoZone and O'Reilly -- is the sluggish economy that keeps driving people to fix their own cars instead of taking them to the shop. With little prospects for a change in that dynamic, Bridgestone may end up being happy it lost the bidding war, particularly if it finds a better partner with a better balance skewed toward do-it-yourselfers and away from do-it-for-mes.
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The article Bridgestone Bows Out of the Pep Boys Bidding War originally appeared on Fool.com.
Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of O'Reilly Automotive. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2016 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Japanese tire maker finally bowed out of the bidding war for Pep Boys after billionaire investor Carl Icahn trumped its last offer with one for $18.50 a share and made it clear he was willing to spend what it took to win. The activist investor purchased Auto Plus this past summer and laid out at the time a strategic plan of growth to quickly build its "revenue and geographic impact" by making large acquisitions. The main problem facing Pep Boys, and to a lesser extent Advance -- but benefiting AutoZone and O'Reilly -- is the sluggish economy that keeps driving people to fix their own cars instead of taking them to the shop.
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The Japanese tire maker finally bowed out of the bidding war for Pep Boys after billionaire investor Carl Icahn trumped its last offer with one for $18.50 a share and made it clear he was willing to spend what it took to win. Whereas rivals Advance Auto Parts , AutoZone , and O'Reilly are all profitable to varying degrees, Pep Boys has lost money over the past year, and any profits it has made have been dwindling quickly. Bridgestone also has geographic growth ambitions, meaning it's a situation that could lead the tire maker to pursue Advance Auto Parts instead.
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Pep Boys is poised to become part of Carl Icahn's portfolio now that tire maker Bridgestone has ceded the field to the billionaire investor. The Japanese tire maker finally bowed out of the bidding war for Pep Boys after billionaire investor Carl Icahn trumped its last offer with one for $18.50 a share and made it clear he was willing to spend what it took to win. Although Bridgestone had gamely tried to counter Icahn's offers in a series of tit-for-tat exchanges, with Pep Boys bemusedly sitting back and saying first one side's offer was superior, then the other, it became quickly apparent the tire maker was tiring of the game.
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The Japanese tire maker finally bowed out of the bidding war for Pep Boys after billionaire investor Carl Icahn trumped its last offer with one for $18.50 a share and made it clear he was willing to spend what it took to win. A good mechanic is hard to find It was also one of the reasons tire maker Bridgestone was after Pep Boys. Bridgestone also has geographic growth ambitions, meaning it's a situation that could lead the tire maker to pursue Advance Auto Parts instead.
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11709.0
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2015-12-30 00:00:00 UTC
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Advance Auto Parts (AAP) Cut to Sell: Should You Dump It?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-cut-to-sell%3A-should-you-dump-it-2015-12-30
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nan
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nan
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On Dec 30, 2015, Zacks Investment Research downgraded Advance Auto Parts Inc.AAP to a Zacks Rank #4 (Sell).
Why the Downgrade?
Advance Auto Parts' comparable earnings per share of $1.95 in the third quarter of fiscal 2015 (ended Oct 10, 2015) missed the Zacks Consensus Estimate of $2.06. Revenues of $2.29 billion also fell short of the Zacks Consensus Estimate of $2.33 billion. Gross profit declined 0.2% to $1.032 billion, or 45% of sales in the quarter, from $1.034 billion or 45.2% of sales a year ago. The decrease in gross profit margin was attributable to higher inventory expenses due to product integration and modest supply chain expense.
Based on the disappointing third-quarter results, continuing integration headwinds and soft sales volume recorded in the beginning of the fourth quarter, Advance Auto Parts reduced its guidance for fiscal 2015. The company now expects earnings per share in the range of $7.75-$7.90 in fiscal 2015, down from the previous forecast of $8.10-$8.30. The company also anticipates flat to slightly negative comparable store sales and flat gross margin rate in the fourth quarter. Further, earnings are expected to remain under pressure in the fourth quarter due to the impact of integration activities.
Moreover, Advance Auto Parts is recording declining cash flow. During the first nine months of fiscal 2015, operating cash flow dropped to $520.1 million from $540.3 million in the same period of fiscal 2014. Free cash flow in the period decreased to $358.9 million from $378.8 million in the comparable year-ago period.
Stocks to Consider
Better-ranked automobile stocks include U.S. Auto Parts Network, Inc. PRTS , Fox Factory Holding Corp FOXF and O'Reilly Automotive Inc. ORLY . All these stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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O REILLY AUTO (ORLY): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
FOX FACTORY HLD (FOXF): Free Stock Analysis Report
US AUTO PARTS (PRTS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Dec 30, 2015, Zacks Investment Research downgraded Advance Auto Parts Inc.AAP to a Zacks Rank #4 (Sell). Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report FOX FACTORY HLD (FOXF): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts' comparable earnings per share of $1.95 in the third quarter of fiscal 2015 (ended Oct 10, 2015) missed the Zacks Consensus Estimate of $2.06.
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On Dec 30, 2015, Zacks Investment Research downgraded Advance Auto Parts Inc.AAP to a Zacks Rank #4 (Sell). Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report FOX FACTORY HLD (FOXF): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Gross profit declined 0.2% to $1.032 billion, or 45% of sales in the quarter, from $1.034 billion or 45.2% of sales a year ago.
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On Dec 30, 2015, Zacks Investment Research downgraded Advance Auto Parts Inc.AAP to a Zacks Rank #4 (Sell). Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report FOX FACTORY HLD (FOXF): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts' comparable earnings per share of $1.95 in the third quarter of fiscal 2015 (ended Oct 10, 2015) missed the Zacks Consensus Estimate of $2.06.
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On Dec 30, 2015, Zacks Investment Research downgraded Advance Auto Parts Inc.AAP to a Zacks Rank #4 (Sell). Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report FOX FACTORY HLD (FOXF): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts' comparable earnings per share of $1.95 in the third quarter of fiscal 2015 (ended Oct 10, 2015) missed the Zacks Consensus Estimate of $2.06.
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11710.0
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2015-12-29 00:00:00 UTC
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Instant Analysis: Bridgestone Needs to Bid More Than $1 Billion to Win Pep Boys
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AAP
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https://www.nasdaq.com/articles/instant-analysis-bridgestone-needs-bid-more-1-billion-win-pep-boys-2015-12-29
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nan
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nan
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What happened?
Although Carl Icahn had previously said he would outbid Japanese tire maker Bridgestone by $0.10 up to $18.10 per share for the right to buy Pep Boys , the billionaire investor just raised his latest offer for the aftermarket auto parts retailer to $18.50 per share.
Does it matter?
With Pep Boys board of directors agreeing Icahn's latest offer is superior to Bridgestone's previous one of $17 a share, delivered just before the deadline when Icahn's offer would have been accepted, it's now on the tire maker to sweeten the pot once again.
The bidding war quickly heated up following Bridgestone's original $15-per-share offer in October after Icahn said he'd pay $15.50. In a series of tit-for-tat counteroffers, the two sides have sent the value of the deal soaring, and it now stands over $1 billion.
Pep Boys still remains the smallest of the aftermarket auto parts retailers. Advanced Auto Parts , which itself became the subject of takeover speculation following the battle for Pep Boys, has a market cap of $11 billion. AutoZone and O'Reilly Automotive are both worth more than twice that value.
And though it's been said before, we may be reaching the limit for just how high this battle will go. In agreeing to Bridgestone's offer prior to Icahn raising his, the tire maker got Pep Boys to agree to pay it $39.5 million as a breakup fee if the retailer ultimately accepted Icahn's offer, more than $4 million more than it had originally agreed to pay. Icahn now says that while he's willing to continue this game of one-upping Bridgestone, if Pep Boys agrees to pay a breakup fee that's higher than what it is now, he'd have to reconsider because it "would prevent a truly robust auction."
Pep Boys' management has seemingly wanted to be sold to Bridgestone more than to Icahn, but has been forced to admit the billionaire's offers have been superior. That bias may ultimately result in it agreeing to up the ante on the termination fee as a means of keeping Icahn at bay.
The next billion-dollar iSecret
The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
The article Instant Analysis: Bridgestone Needs to Bid More Than $1 Billion to Win Pep Boys originally appeared on Fool.com.
Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of O'Reilly Automotive. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advanced Auto Parts , which itself became the subject of takeover speculation following the battle for Pep Boys, has a market cap of $11 billion. Icahn now says that while he's willing to continue this game of one-upping Bridgestone, if Pep Boys agrees to pay a breakup fee that's higher than what it is now, he'd have to reconsider because it "would prevent a truly robust auction." Pep Boys' management has seemingly wanted to be sold to Bridgestone more than to Icahn, but has been forced to admit the billionaire's offers have been superior.
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Although Carl Icahn had previously said he would outbid Japanese tire maker Bridgestone by $0.10 up to $18.10 per share for the right to buy Pep Boys , the billionaire investor just raised his latest offer for the aftermarket auto parts retailer to $18.50 per share. With Pep Boys board of directors agreeing Icahn's latest offer is superior to Bridgestone's previous one of $17 a share, delivered just before the deadline when Icahn's offer would have been accepted, it's now on the tire maker to sweeten the pot once again. In agreeing to Bridgestone's offer prior to Icahn raising his, the tire maker got Pep Boys to agree to pay it $39.5 million as a breakup fee if the retailer ultimately accepted Icahn's offer, more than $4 million more than it had originally agreed to pay.
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Although Carl Icahn had previously said he would outbid Japanese tire maker Bridgestone by $0.10 up to $18.10 per share for the right to buy Pep Boys , the billionaire investor just raised his latest offer for the aftermarket auto parts retailer to $18.50 per share. With Pep Boys board of directors agreeing Icahn's latest offer is superior to Bridgestone's previous one of $17 a share, delivered just before the deadline when Icahn's offer would have been accepted, it's now on the tire maker to sweeten the pot once again. In agreeing to Bridgestone's offer prior to Icahn raising his, the tire maker got Pep Boys to agree to pay it $39.5 million as a breakup fee if the retailer ultimately accepted Icahn's offer, more than $4 million more than it had originally agreed to pay.
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Although Carl Icahn had previously said he would outbid Japanese tire maker Bridgestone by $0.10 up to $18.10 per share for the right to buy Pep Boys , the billionaire investor just raised his latest offer for the aftermarket auto parts retailer to $18.50 per share. Advanced Auto Parts , which itself became the subject of takeover speculation following the battle for Pep Boys, has a market cap of $11 billion. The Motley Fool owns shares of O'Reilly Automotive.
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11711.0
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2015-12-23 00:00:00 UTC
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Is the Bidding War for Pep Boys Finally Over?
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AAP
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https://www.nasdaq.com/articles/bidding-war-pep-boys-finally-over-2015-12-23
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nan
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nan
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As the bidding war escalates, Pep Boys may be hitting a peak premium.
Although billionaire investor Carl Icahn isn't known as someone to walk away from a fight, the rising richness of the bidding battle between him and Japanese tire maker Bridgestone for auto parts and repair specialist Pep Boys made it plausible he would pursue easier game.
Industry peer Advance Auto Parts was recently thrown into the mix as a potential takeover target, and while rival O'Reilly Automotive was seen as the most likely buyer, Icahn's name crept into the discussion too. There were a few good reasons the billionaire might have walked away from the Pep Boys battle, but Icahn's pugnacious nature ultimately won out and he bumped up his bid from $15.50 per share to $16.50 per share.
And with Pep Boys declaring Icahn's bid superior to Bridgestone's, the ball on matching the counteroffer once more or exceeding it is now in the tire maker's court. The market is bidding up the auto-parts retailer's stock well above Icahn's offer, suggesting investors think Bridgestone hasn't given up yet, but the company's reluctance last time to do more than just match Icahn's offer may mean we've reached a limit.
No good deed goes unpunished
The tire maker had tried to cut off discussions between Pep Boys and Icahn when it filed its amended plan of merger last time. In a section titled "Termination of Discussions with Icahn," Bridgestone demanded:
"The Company shall immediately cease and cause to be terminated any activities, discussion, or negotiation with Icahn or any other Person conducted heretofore by the Company, the Company's Subsidiaries or any of the Company's Representatives with respect to any Competing Proposal received prior to the execution of this Amendment."
Of course, Pep Boys has a fiduciary responsibility to shareholders to obtain the best price for its company, but it seems Bridgestone is weary of the back-and-forth and might not want to go through it again.
Certainly the deal's value is approaching a peak premium. O'Reilly was reportedly scared off from making a play for Pep Boys once bids exceeded $13 per share, and the tire maker may feel similarly put off. Indeed, while Advance Auto Parts lost all the gains it had made following the rumors of a potential takeover subsiding as no deal materialized, it may be more in play now than ever.
Could Advance Auto Parts serve as a backup plan for Bridgestone's global growth strategy?
Aftermarket afterburners
A recent Bloomberg article offered up a number of good reasons O'Reilly Automotive might want to buy Advance Auto Parts:
Its made big acquisitions before, such as its 2008 purchase of CSK Auto.
It gives O'Reilly access to Northeast markets where it has little presence.
There would be little need to divest many stores because of a broad competitive presence from Pep Boys and AutoZone .
While it's tempting to think Bridgestone could just as easily pursue Advance as it did Pep Boys, there are a few differences between the parts-and-repair service retailers that would make it unlikely.
Taking a fork in the road?
A Pep Boys merger would add approximately 800 locations to Bridgestone's existing network of 2,200 tire and automotive service centers, but Advance is substantially larger. Following its acquisition of Carquest last year, the aftermarket parts retailer operates more than 5,300 locations all across the U.S. and in Canada. That alone might make a takeover bid bigger than what was offered for Pep Boys.
Still, like its rival, Advance focuses more on the do-it-for-me market rather than the do-it-yourself side of the business. While the growing complexity of cars ought to make that business model preferable, a tough economy is pushing the DIFM market higher, and experts O'Reilly and AutoZone are the ones benefiting. Whereas the stocks of those two have gained between 20% and 30% over the past 12 months, Advance Auto Parts has fallen 7%. Its depressed valuation could make it attractive.
When Icahn acquired Auto Plus this past summer, he laid out a plan of growth by acquisition through large mergers to quickly build its "revenue and geographic impact." Pep Boys fits the bill for the investor.
It also suits Bridgestone's own efforts to accelerate a global growth strategy, but there may be more than just one path to achieve it.
The next billion-dollar iSecret
The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
The article Is the Bidding War for Pep Boys Finally Over? originally appeared on Fool.com.
Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of O'Reilly Automotive. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although billionaire investor Carl Icahn isn't known as someone to walk away from a fight, the rising richness of the bidding battle between him and Japanese tire maker Bridgestone for auto parts and repair specialist Pep Boys made it plausible he would pursue easier game. Industry peer Advance Auto Parts was recently thrown into the mix as a potential takeover target, and while rival O'Reilly Automotive was seen as the most likely buyer, Icahn's name crept into the discussion too. While the growing complexity of cars ought to make that business model preferable, a tough economy is pushing the DIFM market higher, and experts O'Reilly and AutoZone are the ones benefiting.
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Although billionaire investor Carl Icahn isn't known as someone to walk away from a fight, the rising richness of the bidding battle between him and Japanese tire maker Bridgestone for auto parts and repair specialist Pep Boys made it plausible he would pursue easier game. The market is bidding up the auto-parts retailer's stock well above Icahn's offer, suggesting investors think Bridgestone hasn't given up yet, but the company's reluctance last time to do more than just match Icahn's offer may mean we've reached a limit. O'Reilly was reportedly scared off from making a play for Pep Boys once bids exceeded $13 per share, and the tire maker may feel similarly put off.
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Although billionaire investor Carl Icahn isn't known as someone to walk away from a fight, the rising richness of the bidding battle between him and Japanese tire maker Bridgestone for auto parts and repair specialist Pep Boys made it plausible he would pursue easier game. The market is bidding up the auto-parts retailer's stock well above Icahn's offer, suggesting investors think Bridgestone hasn't given up yet, but the company's reluctance last time to do more than just match Icahn's offer may mean we've reached a limit. In a section titled "Termination of Discussions with Icahn," Bridgestone demanded: "The Company shall immediately cease and cause to be terminated any activities, discussion, or negotiation with Icahn or any other Person conducted heretofore by the Company, the Company's Subsidiaries or any of the Company's Representatives with respect to any Competing Proposal received prior to the execution of this Amendment."
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No good deed goes unpunished The tire maker had tried to cut off discussions between Pep Boys and Icahn when it filed its amended plan of merger last time. Aftermarket afterburners A recent Bloomberg article offered up a number of good reasons O'Reilly Automotive might want to buy Advance Auto Parts: Its made big acquisitions before, such as its 2008 purchase of CSK Auto. That alone might make a takeover bid bigger than what was offered for Pep Boys.
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11712.0
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2015-12-21 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for December 22, 2015
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-december-22-2015-2015-12-21
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nan
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nan
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Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on December 22, 2015. A cash dividend payment of $0.06 per share is scheduled to be paid on January 08, 2016. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 40th quarter that AAP has paid the same dividend. At the current stock price of $149.57, the dividend yield is .16%.
The previous trading day's last sale of AAP was $149.57, representing a -25.68% decrease from the 52 week high of $201.24 and a 4.87% increase over the 52 week low of $142.63.
AAP is a part of the Consumer Services sector, which includes companies such as JD.com, Inc. ( JD ) and O'Reilly Automotive, Inc. ( ORLY ). AAP's current earnings per share, an indicator of a company's profitability, is $6.81. Zacks Investment Research reports AAP's forecasted earnings growth in 2015 as .71%, compared to an industry average of 22.2%.
For more information on the declaration, record and payment dates, visit the AAP Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAP through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAP as a top-10 holding:
Schwab U.S. Mid Cap ETF ( SCHM ).
The top-performing ETF of this group is SCHM with an decrease of -8.06% over the last 100 days. It also has the highest percent weighting of AAP at 0.45%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAP is a part of the Consumer Services sector, which includes companies such as JD.com, Inc. ( JD ) and O'Reilly Automotive, Inc. ( ORLY ). Zacks Investment Research reports AAP's forecasted earnings growth in 2015 as .71%, compared to an industry average of 22.2%. For more information on the declaration, record and payment dates, visit the AAP Dividend History page.
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AAP's current earnings per share, an indicator of a company's profitability, is $6.81. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on December 22, 2015.
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAP was $149.57, representing a -25.68% decrease from the 52 week high of $201.24 and a 4.87% increase over the 52 week low of $142.63. For more information on the declaration, record and payment dates, visit the AAP Dividend History page.
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AAP's current earnings per share, an indicator of a company's profitability, is $6.81. The following ETF(s) have AAP as a top-10 holding: Schwab U.S. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on December 22, 2015.
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11713.0
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2015-12-17 00:00:00 UTC
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Instant Analysis: Advance Auto Parts Inc. May Be New Takeover Target
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AAP
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https://www.nasdaq.com/articles/instant-analysis-advance-auto-parts-inc-may-be-new-takeover-target-2015-12-17
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nan
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nan
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What happened?
Shares of Advanced Auto Parts jumped nearly 9% after rumors surfaced that it was the possible target of a takeover attempt. Following on the heels of the ongoing bidding war for Pep Boys between Japanese tiremaker Bridgestone and activist investor Carl Icahn, there is speculation that this end of the auto parts market may be ripe for consolidation.
Does it matter?
Like Pep Boys, Advance Auto Parts focuses more heavily on the do-it-for-me segment of the market, or DIFM, as opposed to the do-it-yourself (DIY) customers. Rivals AutoZone and O'Reilly Auto Parts are the opposite, concentrating more on the DIYers.
It's notable that AutoZone and O'Reilly have been stronger performers, which have made the valuations of Advance and Pep Boys more attractive. The former has been under pressure from hedge fund Starboard Value to make changes to its operational performance, as it believes Advance Auto Parts stock could be worth double its price, or $400, if it could get margins to match those at O'Reilly.
O'Reilly is rumored to be one of the possible suitors, as is Icahn, which would mean he has given up on his Pep Boys takeover. As Icahn is not known as someone who gives up easily, that seems hard to believe, but it's possible that with Bridgestone having matched his offers, Pep Boys management urging shareholders to accept their bid, and his reluctance to raise his offer in the first place, he may view Advance Auto Parts as an easier target with similar prospects for growth.
Advance Auto Parts says it doesn't comment on speculation but considering the pressure Starboard Value has been putting on the company, investors should watch for further developments both here and at Pep Boys.
The next billion-dollar iSecret
The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
The article Instant Analysis: Advance Auto Parts Inc. May Be New Takeover Target originally appeared on Fool.com.
Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of O'Reilly Automotive. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Following on the heels of the ongoing bidding war for Pep Boys between Japanese tiremaker Bridgestone and activist investor Carl Icahn, there is speculation that this end of the auto parts market may be ripe for consolidation. Like Pep Boys, Advance Auto Parts focuses more heavily on the do-it-for-me segment of the market, or DIFM, as opposed to the do-it-yourself (DIY) customers. The former has been under pressure from hedge fund Starboard Value to make changes to its operational performance, as it believes Advance Auto Parts stock could be worth double its price, or $400, if it could get margins to match those at O'Reilly.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Like Pep Boys, Advance Auto Parts focuses more heavily on the do-it-for-me segment of the market, or DIFM, as opposed to the do-it-yourself (DIY) customers.
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The former has been under pressure from hedge fund Starboard Value to make changes to its operational performance, as it believes Advance Auto Parts stock could be worth double its price, or $400, if it could get margins to match those at O'Reilly. As Icahn is not known as someone who gives up easily, that seems hard to believe, but it's possible that with Bridgestone having matched his offers, Pep Boys management urging shareholders to accept their bid, and his reluctance to raise his offer in the first place, he may view Advance Auto Parts as an easier target with similar prospects for growth. Advance Auto Parts says it doesn't comment on speculation but considering the pressure Starboard Value has been putting on the company, investors should watch for further developments both here and at Pep Boys.
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Following on the heels of the ongoing bidding war for Pep Boys between Japanese tiremaker Bridgestone and activist investor Carl Icahn, there is speculation that this end of the auto parts market may be ripe for consolidation. O'Reilly is rumored to be one of the possible suitors, as is Icahn, which would mean he has given up on his Pep Boys takeover. Advance Auto Parts says it doesn't comment on speculation but considering the pressure Starboard Value has been putting on the company, investors should watch for further developments both here and at Pep Boys.
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11714.0
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2015-12-16 00:00:00 UTC
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Advance Auto Parts (AAP) in Focus: Stock Moves 5.8% Higher
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-in-focus%3A-stock-moves-5.8-higher-2015-12-16
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nan
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nan
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Advance Auto Parts Inc.AAP was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid trading volume on speculations that the company is exploring a sale and has possibly been approached by a buyer. This reverses the recent downtrend for the company since Nov 27, as the stock is now down about 5%.
In the last 30 days, the company has seen one upward and one downward estimate revision but the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Advance Auto Parts currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is positive.
A better-ranked retail/wholesale auto parts stock is O'Reilly Automotive Inc. ORLY , which holds a Zacks Rank #2 (Buy).
Is AAP going up? Or down? Predict to see what others think: Up or Down
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O REILLY AUTO (ORLY): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc.AAP was a big mover last session, as the company saw its shares rise nearly 6% on the day. Is AAP going up? Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP was a big mover last session, as the company saw its shares rise nearly 6% on the day. Is AAP going up?
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Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP was a big mover last session, as the company saw its shares rise nearly 6% on the day. Is AAP going up?
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Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP was a big mover last session, as the company saw its shares rise nearly 6% on the day. Is AAP going up?
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11715.0
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2015-12-14 00:00:00 UTC
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Instant Analysis: Bridgestone Matches Icahn Offer for Pep Boys
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AAP
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https://www.nasdaq.com/articles/instant-analysis-bridgestone-matches-icahn-offer-pep-boys-2015-12-14
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nan
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nan
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What happened?
In the escalating battle for Pep Boys , a subsidiary of Japanese tire maker Bridgestone on Friday agreed to match the higher offer made by billionaire investor Carl Icahn of $15.50 per share, or $863 million. The aftermarket auto repair specialist had been forced to admit the activist's investor's bid was superior to the $15-per-share offer made by Bridgestone in late October, but on Friday it said the tire maker had added an additional $28 million in cash consideration, and Pep Boys said Icahn's offer was no longer a "superior proposal."
Does it matter?
Investors stand to benefit if a bidding war breaks out between Icahn and Bridgestone, but it's not clear exactly how much more the billionaire -- or the tire maker, for that matter -- would be willing to pay. It's telling that Bridgestone only matched Icahn's offer and did not exceed it. The challenge for either buyer will be waiting for the aftermarket parts market to turn in Pep Boys' favor. Where AutoZone and O'Reilly Auto Parts realize more than half their revenues from DIYers, Pep Boys and Advance Auto Parts cater more to the do-it-for-me crowd, generating 57% and 56% of their revenues, respectively, from this segment. However, despite the growing complexity of cars and the difficulty of doing your own work on them, both Pep Boys and Advance lag their peers as the DIY segment remains strong in a difficult economy.
The market, though, seems to think a counteroffer will be made by Icahn, as Pep Boys' stock is trading well above the current offer from either suitor. Pep Boys cash flow is valued at about half that of the other parts suppliers, suggesting bids could go higher, but it is also the only one of the four that's losing money, so it may fast be approaching a ceiling.
Pep Boys recommends investors accept Bridgestone's deal, as they did previously, which seemed to encourage Icahn to finally raise his own after long refusing to do so. He's proven in other deals not to give up easily without a fight, and the tire maker, which already seems to be limiting its vulnerability, may not have the fortitude to do battle for very long.
The next billion-dollar iSecret
The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
The article Instant Analysis: Bridgestone Matches Icahn Offer for Pep Boys originally appeared on Fool.com.
Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of O'Reilly Automotive. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the escalating battle for Pep Boys , a subsidiary of Japanese tire maker Bridgestone on Friday agreed to match the higher offer made by billionaire investor Carl Icahn of $15.50 per share, or $863 million. However, despite the growing complexity of cars and the difficulty of doing your own work on them, both Pep Boys and Advance lag their peers as the DIY segment remains strong in a difficult economy. Pep Boys cash flow is valued at about half that of the other parts suppliers, suggesting bids could go higher, but it is also the only one of the four that's losing money, so it may fast be approaching a ceiling.
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In the escalating battle for Pep Boys , a subsidiary of Japanese tire maker Bridgestone on Friday agreed to match the higher offer made by billionaire investor Carl Icahn of $15.50 per share, or $863 million. Where AutoZone and O'Reilly Auto Parts realize more than half their revenues from DIYers, Pep Boys and Advance Auto Parts cater more to the do-it-for-me crowd, generating 57% and 56% of their revenues, respectively, from this segment. The article Instant Analysis: Bridgestone Matches Icahn Offer for Pep Boys originally appeared on Fool.com.
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In the escalating battle for Pep Boys , a subsidiary of Japanese tire maker Bridgestone on Friday agreed to match the higher offer made by billionaire investor Carl Icahn of $15.50 per share, or $863 million. The aftermarket auto repair specialist had been forced to admit the activist's investor's bid was superior to the $15-per-share offer made by Bridgestone in late October, but on Friday it said the tire maker had added an additional $28 million in cash consideration, and Pep Boys said Icahn's offer was no longer a "superior proposal." Pep Boys recommends investors accept Bridgestone's deal, as they did previously, which seemed to encourage Icahn to finally raise his own after long refusing to do so.
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In the escalating battle for Pep Boys , a subsidiary of Japanese tire maker Bridgestone on Friday agreed to match the higher offer made by billionaire investor Carl Icahn of $15.50 per share, or $863 million. Where AutoZone and O'Reilly Auto Parts realize more than half their revenues from DIYers, Pep Boys and Advance Auto Parts cater more to the do-it-for-me crowd, generating 57% and 56% of their revenues, respectively, from this segment. The market, though, seems to think a counteroffer will be made by Icahn, as Pep Boys' stock is trading well above the current offer from either suitor.
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11716.0
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2015-12-10 00:00:00 UTC
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Steve Mandel Closes Position in Lowe's
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AAP
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https://www.nasdaq.com/articles/steve-mandel-closes-position-lowes-2015-12-10
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nan
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nan
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Steve Mandel ( Trades , Portfolio ) is the founder of Lone Pine Capital, a long/short equity money manager that he started in 1997. The firm uses fundamental analysis and bottom up stock picking to build the portfolio. Mandel uses both value and growth methodologies, and does not hold many stocks for very long.
The following are his largest closed positions during the third quarter.
Mandel acquired 5,916,304 shares of Lowe's Companies Inc. ( LOW ) in the first quarter of 2015 at an average of $71.31 per share, and increased his stake by 19.23% in the second quarter. In the third quarter, he sold his stake below his purchase price at $68.77 per share and lost 4%. The deal had an impact of -1.77% on his portfolio.
Warning! GuruFocus has detected 3 Warning Sign with JNPR. Click here to check it out.
JNPR 15-Year Financial Data
The intrinsic value of JNPR
Peter Lynch Chart of JNPR
Warning! GuruFocus has detected 3 Warning Signs with BLUE. Click here to check it out.
BLUE 15-Year Financial Data
The intrinsic value of BLUE
Peter Lynch Chart of BLUE
Warning! GuruFocus has detected 3 Warning Signs with BLUE. Click here to check it out.
LOW 15-Year Financial Data
The intrinsic value of LOW
Peter Lynch Chart of LOW
Lowe's Companies serves homeowners, renters and commercial business customers. The company has a market cap of $69.66 billion and an enterprise value of $81.5 million. It has a P/E of 23.87, a P/B of 8.40 and a P/S of 1.24. GuruFocus has given Lowe's Companies a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
HCA Holdings Inc. ( HCA ) is another stock that lost its position in Mandel's portfolio. He bought 5,836,872 shares in Q4 2014 at an average price of $70.28 per share, and in the third quarter, he sold his shares for an average of $88.55 per share, gaining 24%. The deal had an impact of -1.7% on his portfolio.
HCA Holdings is a health care services company in the U.S. It operates 166 hospitals, comprised of 162 general, acute care hospitals; three psychiatric hospitals; and one rehabilitation hospital. The company has a market cap of $27.47 billion and an enterprise value of $58.44 billion. It has a P/E of 14.04, a forward P/E of 11.74 and a P/S of 0.76. GuruFocus has given HCA Holdings a Financial Strength rating of 5/10 and a Profitability and Growth rating of 8/10.
Other investors who sold out stakes of HCA are Louis Moore Bacon (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Robert Olstein (Trades, Portfolio), John Burbank (Trades, Portfolio) and Steven Cohen (Trades, Portfolio).
Mandel acquired 90,000 shares of McGraw Hill Financial Inc. ( MHFI ) in Q4 2013 at an average of $71.78 per share. During the third quarter, he sold it above his purchase price at an average $104.5 per share and gained 24%. The deal had an impact of -1.36% on his portfolio.
McGraw Hill Financial is a benchmarks and ratings, analytics, data and research provider serving the capital, commodities and commercial markets. The company has a market cap of $25.53 billion and an enterprise value of $27.13 billion. It has a P/E of 506.82, a forward P/E of 19.23, a P/B of 39.03 and a P/S of 4.93. GuruFocus has given McGraw Hill Financial a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Autodesk Inc. ( ADSK ) is other stock that lost its position in Mandel's portfolio. In Q3 2014, Mandel bought 4,401,445 shares at an average $57.84 per share, and then in the fourth quarter he increased his stake by 228.60%. This quarter he sold his stake and lost 3%. The deal had an impact of -1.15% on the portfolio.
Autodesk Inc. designs software and services company, offering customers productive business solutions through powerful technology products and services. The company has a market cap of $14.31 billion and an enterprise value of $27.13 billion. It has a forward P/E of 109.89, a P/B of 8.25 and a P/S of 5.70. GuruFocus has given Autodesk a Financial Strength rating of 4/10 and a Profitability and Growth rating of 7/10.
Mandel acquired 11,212,785 shares in SunEdison Inc. ( SUNE ) for an average of $21.49 per share in the first quarter of 2015. He reduced his stake by 13.81% in the second quarter and sold for an average $17.93 per share in the third quarter. Mandel lost 10% and the deal had an impact of -1.08% on his portfolio.
SunEdison is engaged in the manufacture and sale of wafers and related products to the semiconductor and solar industries. The company has a market cap of $1.25 billion and an enterprise value of $13.5 billion. It has a P/B of 0.92 and a P/S of 0.46. GuruFocus has given SunEdison a Financial Strength rating of 5/10 and a Profitability and Growth rating of 5/10.
Other investors who sold their stakes include John Hussman (Trades, Portfolio), RS Investment Management (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Jim Chanos (Trades, Portfolio), Daniel Loeb (Trades, Portfolio), John Burbank (Trades, Portfolio), Alan Fournier (Trades, Portfolio), and Louis Moore Bacon (Trades, Portfolio).
Mandel sold his stake in Advance Auto Parts Inc. ( AAP ) for an average of $173.31 per share. Mandel gained 13% and this deal had an impact of -0.73% on his portfolio.
Advance Auto Parts is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items operating within the U.S. The company has a market cap of $11.22 billion and an enterprise value of $12.9 billion. It has a P/E of 22.44, a forward P/E of 15.90 a P/B of 4.66 and a P/S of 1.15. GuruFocus has given Advance Auto Parts a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Mandel also sold his stake in Liberty Media Corporation. (LMCK) with an impact of -0.61% on his portfolio.
Liberty Media Corporation owns interest in media, communication and entertainment businesses. The company has a market cap of $12.56 billion and an enterprise value of $26.32 billion. It has a P/E of 148.17, a forward P/E of 92.59, a P/B of 1.20 and a P/S of 2.78. GuruFocus has given Liberty Media Corporation a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Jim Simons (Trades, Portfolio) and John Burbank (Trades, Portfolio) are other investors who sold their stakes of LMCK.
Mandel also sold his stake in MGIC Investment Corp. (MTG). He bought 12,403,003 shares at $9.15 per share in Q1 2015, and this quarter he sold it above his purchase price at $10.6. The investor gained 16% and the deal had an impact of -0.53% on his portfolio.
MGIC Investment Corp. is a holding company that provides private mortgage insurance and ancillary services. The company has a market cap of $3.14 billion and an enterprise value of $4.09 billion. It has a P/E of 3.64 a forward P/E of 8.57, a P/B of 1.46 and a P/S of 4.09. GuruFocus has given MGIC Investment a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mandel sold his stake in Advance Auto Parts Inc. ( AAP ) for an average of $173.31 per share. Steve Mandel ( Trades , Portfolio ) is the founder of Lone Pine Capital, a long/short equity money manager that he started in 1997. McGraw Hill Financial is a benchmarks and ratings, analytics, data and research provider serving the capital, commodities and commercial markets.
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Mandel sold his stake in Advance Auto Parts Inc. ( AAP ) for an average of $173.31 per share. LOW 15-Year Financial Data The intrinsic value of LOW Peter Lynch Chart of LOW Lowe's Companies serves homeowners, renters and commercial business customers. Other investors who sold out stakes of HCA are Louis Moore Bacon (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Robert Olstein (Trades, Portfolio), John Burbank (Trades, Portfolio) and Steven Cohen (Trades, Portfolio).
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Mandel sold his stake in Advance Auto Parts Inc. ( AAP ) for an average of $173.31 per share. Mandel acquired 5,916,304 shares of Lowe's Companies Inc. ( LOW ) in the first quarter of 2015 at an average of $71.31 per share, and increased his stake by 19.23% in the second quarter. Other investors who sold out stakes of HCA are Louis Moore Bacon (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Robert Olstein (Trades, Portfolio), John Burbank (Trades, Portfolio) and Steven Cohen (Trades, Portfolio).
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Mandel sold his stake in Advance Auto Parts Inc. ( AAP ) for an average of $173.31 per share. Mandel also sold his stake in MGIC Investment Corp. (MTG). GuruFocus has given MGIC Investment a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
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11717.0
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2015-12-08 00:00:00 UTC
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Why Advance Auto Parts Inc. Stock Fell 18% in November
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AAP
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https://www.nasdaq.com/articles/why-advance-auto-parts-inc-stock-fell-18-november-2015-12-08
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nan
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nan
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What: Shares of Advance Auto Parts fell 16% during the month of November, according to S&P Capital IQ data.
AAP data by YCharts
The drop helped extinguish what had been a hefty 2015 gain. The auto parts retailer's stock was beating the market by as many as 20 percentage points, but is now underperforming, down 5% year-to-date compared to a 1% gain for the S&P 500.
So what: November's dive was triggered by surprisingly weak third-quarter earnings results and a major leadership change at the top. Comparable-store sales growth slowed to 0.5% from 1% in the prior quarter. And profitability ticked down, falling to 45% of sales from 45.2% in the year ago period. By comparision, rival Auto Zone posted solid 3.5% third-quarter comps growth as gross profit rose to 52.5% from 52.1%.
Compounding Advance Auto Part's weak business momentum was increasing growing pains from the company's integration of its recently acquired General Parts business. That merger ate into profitability in the third quarter as it's proving costlier than originally expected.
The retailer at the same time announced that Darren Jackson, who has served as CEO for the past 8 years, was retiring. The board of directors' president, George Sherman, will take over as an interim chief executive.
Now what: Executives noted a "soft start" to the current quarter that suggests comps could slip into negative territory, marking the third straight period of decelerating growth. And management expects integration costs to continue to hurt earnings in the fourth quarter.
As a result, the company lowered its 2015 earnings guidance to $7.82 per share at the midpoint, down significantly from the $8.10 per share it had targeted just three months prior. Nevertheless, the company believes it will work through these issues, in part by closing underperforming store locations. "We remain focused on structurally improving our business and progressing through our integration milestones to position the company for long term growth," outgoing CEO Darren Jackson said in a press release.
The next billion-dollar iSecret
The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
The article Why Advance Auto Parts Inc. Stock Fell 18% in November originally appeared on Fool.com.
Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAP data by YCharts The drop helped extinguish what had been a hefty 2015 gain. The auto parts retailer's stock was beating the market by as many as 20 percentage points, but is now underperforming, down 5% year-to-date compared to a 1% gain for the S&P 500. Now what: Executives noted a "soft start" to the current quarter that suggests comps could slip into negative territory, marking the third straight period of decelerating growth.
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AAP data by YCharts The drop helped extinguish what had been a hefty 2015 gain. What: Shares of Advance Auto Parts fell 16% during the month of November, according to S&P Capital IQ data. Compounding Advance Auto Part's weak business momentum was increasing growing pains from the company's integration of its recently acquired General Parts business.
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AAP data by YCharts The drop helped extinguish what had been a hefty 2015 gain. Compounding Advance Auto Part's weak business momentum was increasing growing pains from the company's integration of its recently acquired General Parts business. "We remain focused on structurally improving our business and progressing through our integration milestones to position the company for long term growth," outgoing CEO Darren Jackson said in a press release.
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AAP data by YCharts The drop helped extinguish what had been a hefty 2015 gain. What: Shares of Advance Auto Parts fell 16% during the month of November, according to S&P Capital IQ data. The Motley Fool has no position in any of the stocks mentioned.
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11718.0
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2015-12-06 00:00:00 UTC
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Can Advance Auto Parts Really Catch Up to O'Reilly and AutoZone?
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AAP
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https://www.nasdaq.com/articles/can-advance-auto-parts-really-catch-oreilly-and-autozone-2015-12-06
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nan
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nan
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The investment idea behind buying Advance Auto Parts is based on the belief that the company can play catch-up with rivals such as AutoZone and O'Reilly Automotive . It's an attractive proposition because Advance currently trades at a substantial discount to its peers. In my view, closing the gap could result in a near doubling of the stock price. But can Advance really achieve its aims? Here is what you need to know before buying the stock.
Really, O'Reilly
In a nutshell, Advance's aim should be to replicate O'Reilly Automotive's improvements of the past few years. O'Reilly is a good benchmark because it has a far higher proportion of do-it-for-me (DIFM) sales compared with, say, AutoZone. In addition, O'Reilly built up its DIFM business following the acquisition of CSK Automotive in 2008. CSK wasn't an established DIFM retailer -- on the contrary, its primary end market was DIY, but O'Reilly built out a distribution network allowing the purchased stores to pursue a dual DIY and DIFM market strategy.
In comparison, Advance's early 2014 acquisition of General Parts International, owner of Carquest and Worldpac, immediately gave the company more DIFM sales -- General Parts had 80% of its sales in the DIFM market. The key point is that Advance is following O'Reilly's dual-market strategy, reaching the same endpoint from a different angle.
A breakout of each company's sales:
SOURCE: COMPANY PRESENTATIONS.
There are three key distinctions between DIFM and do-it-yourself (DIY).
Advance's management believes that DIFM is growing three times faster than DIY.
Advance is moving toward the mixed-model (DIFM and DIY from the same store) that O'Reilly did a few years ago.
DIFM is likely to be more capital intensive as commercial customers require parts immediately, meaning that Advance could need to invest in distribution centers to ensure daily replenishment of parts.
Where O'Reilly leads
To understand what Advance needs to do, let's look at what O'Reilly has done and, in passing, look at where Advance has been left behind in recent years. First, I'll start with the EBITDA margin.
O'Reilly's margin took a hit after the 2008 acquisition of CSK, and similarly Advance's has come under pressure as it integrates Carquest and Worldpac. Clearly, creating a dual-market model doesn't come without teething problems. However, O'Reilly's margin has improved dramatically from 2010, and Advance's management is aiming for an operating margin equivalent to 15% EBITDA margin by 2017.
AAP EBITDA Margin (TTM) data by YCharts .
Second, there's no doubt that O'Reilly's purchase of CSK led to increased capital spending -- partly on building out a distribution network.
AAP Capital Expenditures (TTM) data by YCharts .
However, the extra investment was worthwhile, as O'Reilly's return on invested capital (ROIC, which is net operating profit less taxes, divided by invested capital) has increased markedly, while Advance's has floundered. AutoZone's ROIC increased because of the post-recession popularity of DIY.
AAP Return on Invested Capital (TTM) data by YCharts .
Working capital management
Third, Advance needs to improve its working capital management. For example, let's take a look at receivables turnover (net receivable sales divided by average net receivables). It's a measure of how well a company is collecting cash from sales made, and a high number is good. Again, note O'Reilly's improvement while Advance has floundered.
AAP Receivables Turnover (TTM) data by YCharts .
Valuation matters
The preceding analysis goes some of the way toward demonstrating the feasibility that Advance can improve its operational metrics in building out a dual-market model -- not least because O'Reilly already did it. Moreover, if Advance hits its 12% EBIT margin target (around 15% EBITDA margin), the stock will look cheap.
Analysts have revenue coming in at $9.94 billion in 2016, and a 15% EBITDA margin would generate $1.49 billion in earnings before interest, taxes, depreciation, and amortization. Based on the current enterprise value (EV, which is market cap plus net debt) of $13.14 billion, the stock would then trade at a forward EV/EBITDA multiple of 8.8 -- O'Reilly currently trades on a multiple of almost 1.9 times this figure, suggesting Advance's stock could perhaps double in the future.
AAP EV to EBITDA (TTM) data by YCharts .
All told, there's no guarantee that Advance will hit its targets, and recent results have demonstrated its difficulty in integrating Carquest. However, the case for the stock is attractive, and O'Reilly's experience suggests Advance could achieve its aims.
The next billion-dollar iSecret
The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
The article Can Advance Auto Parts Really Catch Up to O'Reilly and AutoZone? originally appeared on Fool.com.
Lee Samaha has no position in any stocks mentioned. The Motley Fool owns shares of O'Reilly Automotive. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAP EBITDA Margin (TTM) data by YCharts . AAP Capital Expenditures (TTM) data by YCharts . AAP Return on Invested Capital (TTM) data by YCharts .
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AAP EBITDA Margin (TTM) data by YCharts . AAP Capital Expenditures (TTM) data by YCharts . AAP Return on Invested Capital (TTM) data by YCharts .
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AAP EBITDA Margin (TTM) data by YCharts . AAP Capital Expenditures (TTM) data by YCharts . AAP Return on Invested Capital (TTM) data by YCharts .
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AAP EBITDA Margin (TTM) data by YCharts . AAP Capital Expenditures (TTM) data by YCharts . AAP Return on Invested Capital (TTM) data by YCharts .
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11719.0
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2015-11-25 00:00:00 UTC
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Advance Auto Parts Director buys 1,230 shares
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-director-buys-1230-shares-2015-11-25
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nan
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nan
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11720.0
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2015-11-20 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Advance Auto Parts, Tesla Motors, Penske Automotive Group, Ford Motor and General Motors
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AAP
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-advance-auto-parts-tesla-motors-penske-automotive-group
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nan
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nan
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For Immediate Release
Chicago, IL - November 20, 2015 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Advance Auto Parts Inc. ( AAP ), Tesla Motors, Inc. ( TSLA ), Penske Automotive Group, Inc. ( PAG ), Ford Motor Co. ( F ) and General Motors Co. ( GM ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Thursday's Analyst Blog:
Auto Stock Roundup
Advance Auto Parts Inc. ( AAP ) reported lower-than-expected earnings and revenues for the third quarter and had to cut its fiscal guidance. Meanwhile, Barclays' analysts raised concerns over Tesla Motors, Inc.'s ( TSLA ) future capital needs.
Along the positive developments, Penske Automotive Group, Inc. ( PAG ) acquired four dealerships and Ford Motor Co. ( F ) reported its best October sales in Europe since 2009. Further, General Motors Co.'s ( GM ) alleged plan to sell China-made Buicks in the U.S. was in the news once again.
(Read last to last week's recap here: Auto Stock Roundup for Nov 12, 2015 )
Recap of the Week's Most Important Stories
1. Advance Auto Parts reported a 3.2% rise in comparable earnings to $1.95 per share in the third quarter of fiscal 2015 (ended Oct 10, 2015) from $1.89 in the prior-year quarter. However, the figure missed the Zacks Consensus Estimate of $2.06.
Revenues went up 0.3% year over year to $2.29 billion but fell short of the Zacks Consensus Estimate of $2.33 billion. Sales benefited from the addition of new stores over the last 12 months and an increase in comparable store sales.
Based on disappointing third-quarter results, continuing integration headwinds and soft sales volume recorded in the beginning of the fourth quarter, Advance Auto Parts lowered its guidance. The company now expects earnings per share in the range of $7.75-$7.90 in fiscal 2015, down from the previous forecast of $8.10-$8.30.
The company also anticipates flat-to-slightly negative fourth-quarter comparable store sales, and flat year-over-year fourth-quarter gross margin (read more: Advance Auto Parts' Q3 Earnings and Sales Miss, Rise Y/Y ).
2. Tesla will incur capital expenditures of nearly $11 billion over the next five years, per an estimate by Barclays' analysts who believe that the market is underestimating the company's future expenses. According to these analysts, Tesla enjoys competitive advantage with regard to its software capabilities.
However, the automaker may not have enough cash to invest in software development if it does not manage the expenses related to Model 3 development more efficiently (read more: Should Investors Worry About Tesla's Cash Burn Rate? ).
3. Penske Automotive announced the acquisition of Audi Eatontown, Porsche Monmouth, Jaguar Monmouth and Land Rover Monmouth in Monmouth County, NJ, from the Schneider Nelson Auto Group. These four franchises are expected to record annual sales of around 2,400 new and used vehicles. Annual revenues from these dealerships are anticipated to be around $175 million. The acquisition will enhance the company's premium/luxury brand mix (read more: Penske Automotive Acquires 4 Dealerships in New Jersey ).
4. Ford recorded a 3% year-over-year rise in sales to 101,400 vehicles in its 20 traditional European markets (Euro 20) in Oct 2015. With this, Ford's monthly sales lagged the industry sales growth of 3.2%. In the first 10 months of 2015, the automaker's sales increased 9% to 1,080,100 vehicles, higher than the industry sales growth of 8.5%. This is Ford's highest total Europe sales figure for any October since 2009 (read more: Ford's Europe Sales Soar on Commercial Vehicle Strength ).
5. General Motors may soon become the first U.S. automaker to import vehicles from China for sale in the U.S., per media reports. The company reportedly plans to import nearly 30,000-40,000 Buick Envision vehicles made in its Chinese plant from early next year (read more: GM to Sell Made-in-China Buick in U.S.: Will America Buy It? ).
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
PENSKE AUTO GRP (PAG): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include Advance Auto Parts Inc. ( AAP ), Tesla Motors, Inc. ( TSLA ), Penske Automotive Group, Inc. ( PAG ), Ford Motor Co. ( F ) and General Motors Co. ( GM ). Here are highlights from Thursday's Analyst Blog: Auto Stock Roundup Advance Auto Parts Inc. ( AAP ) reported lower-than-expected earnings and revenues for the third quarter and had to cut its fiscal guidance. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include Advance Auto Parts Inc. ( AAP ), Tesla Motors, Inc. ( TSLA ), Penske Automotive Group, Inc. ( PAG ), Ford Motor Co. ( F ) and General Motors Co. ( GM ). Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Here are highlights from Thursday's Analyst Blog: Auto Stock Roundup Advance Auto Parts Inc. ( AAP ) reported lower-than-expected earnings and revenues for the third quarter and had to cut its fiscal guidance.
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Stocks recently featured in the blog include Advance Auto Parts Inc. ( AAP ), Tesla Motors, Inc. ( TSLA ), Penske Automotive Group, Inc. ( PAG ), Ford Motor Co. ( F ) and General Motors Co. ( GM ). Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Here are highlights from Thursday's Analyst Blog: Auto Stock Roundup Advance Auto Parts Inc. ( AAP ) reported lower-than-expected earnings and revenues for the third quarter and had to cut its fiscal guidance.
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Here are highlights from Thursday's Analyst Blog: Auto Stock Roundup Advance Auto Parts Inc. ( AAP ) reported lower-than-expected earnings and revenues for the third quarter and had to cut its fiscal guidance. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include Advance Auto Parts Inc. ( AAP ), Tesla Motors, Inc. ( TSLA ), Penske Automotive Group, Inc. ( PAG ), Ford Motor Co. ( F ) and General Motors Co. ( GM ).
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11721.0
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2015-11-19 00:00:00 UTC
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Auto Stock Roundup: Advance Auto Parts Misses, Tesla CapEx Raises Concerns
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-advance-auto-parts-misses-tesla-capex-raises-concerns-2015-11-19
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Advance Auto Parts Inc. AAP reported lower-than-expected earnings and revenues for the third quarter and had to cut its fiscal guidance. Meanwhile, Barclays' analysts raised concerns over Tesla Motors, Inc.'s TSLA future capital needs.
Along the positive developments, Penske Automotive Group, Inc. PAG acquired four dealerships and Ford Motor Co. F reported its best October sales in Europe since 2009. Further, General Motors Co.'s GM alleged plan to sell China-made Buicks in the U.S. was in the news once again.
(Read last to last week's recap here: Auto Stock Roundup for Nov 12, 2015 )
Recap of the Week's Most Important Stories
1. Advance Auto Parts reported a 3.2% rise in comparable earnings to $1.95 per share in the third quarter of fiscal 2015 (ended Oct 10, 2015) from $1.89 in the prior-year quarter. However, the figure missed the Zacks Consensus Estimate of $2.06.
Revenues went up 0.3% year over year to $2.29 billion but fell short of the Zacks Consensus Estimate of $2.33 billion. Sales benefited from the addition of new stores over the last 12 months and an increase in comparable store sales.
Based on disappointing third-quarter results, continuing integration headwinds and soft sales volume recorded in the beginning of the fourth quarter, Advance Auto Parts lowered its guidance. The company now expects earnings per share in the range of $7.75-$7.90 in fiscal 2015, down from the previous forecast of $8.10-$8.30.
The company also anticipates flat-to-slightly negative fourth-quarter comparable store sales, and flat year-over-year fourth-quarter gross margin (read more: Advance Auto Parts' Q3 Earnings and Sales Miss, Rise Y/Y ).
2. Tesla will incur capital expenditures of nearly $11 billion over the next five years, per an estimate by Barclays' analysts who believe that the market is underestimating the company's future expenses. According to these analysts, Tesla enjoys competitive advantage with regard to its software capabilities.
However, the automaker may not have enough cash to invest in software development if it does not manage the expenses related to Model 3 development more efficiently (read more: Should Investors Worry About Tesla's Cash Burn Rate? ).
3. Penske Automotive announced the acquisition of Audi Eatontown, Porsche Monmouth, Jaguar Monmouth and Land Rover Monmouth in Monmouth County, NJ, from the Schneider Nelson Auto Group. These four franchises are expected to record annual sales of around 2,400 new and used vehicles. Annual revenues from these dealerships are anticipated to be around $175 million. The acquisition will enhance the company's premium/luxury brand mix (read more: Penske Automotive Acquires 4 Dealerships in New Jersey ).
4. Ford recorded a 3% year-over-year rise in sales to 101,400 vehicles in its 20 traditional European markets (Euro 20) in Oct 2015. With this, Ford's monthly sales lagged the industry sales growth of 3.2%. In the first 10 months of 2015, the automaker's sales increased 9% to 1,080,100 vehicles, higher than the industry sales growth of 8.5%. This is Ford's highest total Europe sales figure for any October since 2009 (read more: Ford's Europe Sales Soar on Commercial Vehicle Strength ).
5. General Motors may soon become the first U.S. automaker to import vehicles from China for sale in the U.S., per media reports. The company reportedly plans to import nearly 30,000-40,000 Buick Envision vehicles made in its Chinese plant from early next year (read more: GM to Sell Made-in-China Buick in U.S.: Will America Buy It? ).
Performance
Auto stocks recorded mostly positive results over the last one week. General Motors was leading the list of gainers. Meanwhile, Advance Auto Parts recorded the maximum loss among the stocks listed below due to weak financial results.
AutoZone Inc. AZO emerged as the biggest gainer over the last six-month period, while Harley-Davidson, Inc. HOG was the worst performer once again.
What's Next in the Auto Space?
In the next five days, no major development is lined up on the auto front.
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FORD MOTOR CO (F): Free Stock Analysis Report
PENSKE AUTO GRP (PAG): Free Stock Analysis Report
HARLEY-DAVIDSON (HOG): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. AAP reported lower-than-expected earnings and revenues for the third quarter and had to cut its fiscal guidance. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Along the positive developments, Penske Automotive Group, Inc. PAG acquired four dealerships and Ford Motor Co. F reported its best October sales in Europe since 2009.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP reported lower-than-expected earnings and revenues for the third quarter and had to cut its fiscal guidance. Along the positive developments, Penske Automotive Group, Inc. PAG acquired four dealerships and Ford Motor Co. F reported its best October sales in Europe since 2009.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP reported lower-than-expected earnings and revenues for the third quarter and had to cut its fiscal guidance. Along the positive developments, Penske Automotive Group, Inc. PAG acquired four dealerships and Ford Motor Co. F reported its best October sales in Europe since 2009.
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Advance Auto Parts Inc. AAP reported lower-than-expected earnings and revenues for the third quarter and had to cut its fiscal guidance. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Along the positive developments, Penske Automotive Group, Inc. PAG acquired four dealerships and Ford Motor Co. F reported its best October sales in Europe since 2009.
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11722.0
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2015-11-12 00:00:00 UTC
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Stocks Fall as Advance Auto Parts Inc. Dives And Kohl’s Corporation Rises
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AAP
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https://www.nasdaq.com/articles/stocks-fall-advance-auto-parts-inc-dives-and-kohls-corporation-rises-2015-11-12
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Stock indexes started today's session in the red -- and the selling pressure never let up. By 4 p.m. EDT, the S&P 500 and the Dow Jones Industrial Average both gave up 1.4%. With those drops, both indexes have once again slipped into negative territory on the year.
^INX data by YCharts
Individual stocks making moves today included two retailers whose third-quarter results show shifting growth trends. Advance Auto Parts ' stock fell by double-digits as sales appear ready to contract. But department store Kohl 's impressed investors with a slight growth rebound.
Advance Auto Parts retreats
Advance Auto Parts was the single biggest percentage loser in the S&P 500 today, falling 14% after the company posted surprisingly weak third-quarter results. Sales growth slowed to 0.5% at its existing automotive parts stores, down from a 1% improvement in the prior quarter. And while profit crept higher to $1.95 per share, the increase was below management's target. Executives blamed slowing sales growth and rising costs from integrating its recently acquired General Parts business .
The good news is that profitability held steady as Advance showed discipline on its operating expenses. Yet earnings could come under pressure soon, given that sales growth trends seem set to turn negative as early as the current quarter. In fact, Advance warned about a "soft start" to the fourth quarter and said it is planning to close 30 more stores before the year is out -- in addition to the 50 it had originally planned to axe. The company also lowered its earnings outlook for the full year.
Adding uncertainty to that shaky operating environment, Advance announced that its CEO, Darren Jackson, will be retiring after serving in his position for the last eight years. The current board of director's president, George Sherman, will step in as an interim chief executive. Sherman's challenge will be to successfully integrate the General Parts operations while also working to get sales and profit growth back on track.
Kohl's stops the sales slide
Shares of department store Kohl's closed up 7% as investors were relieved by the retailer's third-quarter earnings results. Comparable-store sales rose by 1% over the last three months, which stacks up nicely against the prior quarter's flat result - and against the 4% drop that rival Macy 's posted yesterday. The small but steady improvement was "driven by strong back-to-school and late October selling periods offset by a weak September," Kohl's CEO Keven Mansell said in a press release. Chief Financial Officer Wesley McDonald described it as a rebound in a conference call with analysts. "We have effectively reversed the downward sales trends that we were experiencing," Wesley said .
Kohl's hasn't had to resort to increasing promotions to keep customer traffic figures ticking higher, either. In fact, gross profit margin held steady at 37% of sales as lower expenses generated a small improvement in net profit margin, which rose to 3.3% of sales from 3.2% in the year ago period .
In contrast to Macy's big earnings outlook downgrade this week, Kohl's management left their full-year profit target in place. That forecast calls for earnings of roughly $4.40 per share, and investors apparently found the resulting P/E ratio of 10 times 2015's profit a good enough reason to buy into this beaten down stock today.
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The article Stocks Fall as Advance Auto Parts Inc. Dives And Kohl's Corporation Rises originally appeared on Fool.com.
Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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^INX data by YCharts Individual stocks making moves today included two retailers whose third-quarter results show shifting growth trends. The small but steady improvement was "driven by strong back-to-school and late October selling periods offset by a weak September," Kohl's CEO Keven Mansell said in a press release. That forecast calls for earnings of roughly $4.40 per share, and investors apparently found the resulting P/E ratio of 10 times 2015's profit a good enough reason to buy into this beaten down stock today.
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^INX data by YCharts Individual stocks making moves today included two retailers whose third-quarter results show shifting growth trends. Executives blamed slowing sales growth and rising costs from integrating its recently acquired General Parts business . In fact, gross profit margin held steady at 37% of sales as lower expenses generated a small improvement in net profit margin, which rose to 3.3% of sales from 3.2% in the year ago period .
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Advance Auto Parts retreats Advance Auto Parts was the single biggest percentage loser in the S&P 500 today, falling 14% after the company posted surprisingly weak third-quarter results. Kohl's stops the sales slide Shares of department store Kohl's closed up 7% as investors were relieved by the retailer's third-quarter earnings results. In fact, gross profit margin held steady at 37% of sales as lower expenses generated a small improvement in net profit margin, which rose to 3.3% of sales from 3.2% in the year ago period .
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Sales growth slowed to 0.5% at its existing automotive parts stores, down from a 1% improvement in the prior quarter. Yet earnings could come under pressure soon, given that sales growth trends seem set to turn negative as early as the current quarter. The Motley Fool has no position in any of the stocks mentioned.
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11723.0
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2015-11-12 00:00:00 UTC
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Mid-Day Market Update: Advance Auto Parts Drops On Downbeat Results; Angie's List Shares Surge
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AAP
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https://www.nasdaq.com/articles/mid-day-market-update-advance-auto-parts-drops-downbeat-results-angies-list-shares-surge
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Midway through trading Thursday, the Dow traded down 0.90 percent to 17,542.18 while the NASDAQ declined 0.43 percient to 5,045.02. The S&P also fell, dropping 0.73 percent to 2,059.79.
Leading and Lagging Sectors
In trading on Thursday, telecommunications services shares fell by just 0.10 percent. Top gainers in the sector included China Unicom (Hong Kong) Limited (ADR) (NYSE: CHU ), up 3 percent, and Cellcom Israel Ltd. (NYSE: CEL ), up 3 percent.
Basic materials shares dipped around 1.71 percent in Thursday's trading. Meanwhile, top losers in the sector included LSB Industries, Inc. (NYSE: LXU ), down 8 percent, and ArcelorMittal SA (ADR) (NYSE: MT ), off 7 percent.
Top Headline
Kohl's Corporation (NYSE: KSS ) reported stronger-than-expected earnings for the third quarter.
The Menomonee Falls, Wisconsin-based company posted quarterly net income of $120 million, or $0.63 per share, compared to $142 million, or $0.70 per share, in the year-ago quarter. Excluding items, the company's adjusted earnings came in at $0.75 per share.
Its sales climbed to $4.43 billion from $4.37 billion. However, analysts were expecting earnings of $0.69 per share on revenue of $4.40 billion
Equities Trading UP
Angie's List Inc (NASDAQ: ANGI ) shares shot up 12 percent to $8.90 after IAC/InterActiveCorp (NASDAQ: IACI ) proposed to acquire Angie's List for $8.75 per share in cash.
Shares of Kohl's Corporation (NYSE: KSS ) got a boost, shooting up 6 percent to $45.94 after the company reported stronger-than-expected earnings for the third quarter.
International Game Technology Ordinary Shares (NYSE: IGT ) shares were also up, gaining 5 percent to $16.16 after the company reported upbeat Q3 profit.
Equities Trading DOWN
Freshpet Inc (NASDAQ: FRPT ) shares tumbled 25 percent to $6.25 after the company reported a wider-than-expected loss for the third quarter and lowered its FY15 forecast.
Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 13 percent to $169.97 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO.
Oxbridge Re Holdings Ltd. (NASDAQ: OXBR ) was down, falling 9 percent to $5.45. Oxbridge Re Holdings reported Q3 earnings of $0.12 per share.
Commodities
In commodity news, oil traded down 2.59 percent to $41.82, while gold traded down 0.52 percent to $1,079.30.
Silver traded down 0.37 percent Thursday to $14.21, while copper fell 2.10 percent to $2.17.
Eurozone
European shares were lower today. The eurozone's STOXX 600 declined 1.47 percent, the Spanish Ibex Index fell 2.21 percent, while Italy's FTSE MIB Index slipped 2.18 percent. Meanwhile, the German DAX declined 0.85 percent, and the French CAC 40 slipped 1.85 percent, while U.K. shares fell 1.65 percent.
Economics
US jobless claims came in unchanged at 276,000 in the week ended November 7. However, economists were projecting claims to reach 268,000 in the week.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 13 percent to $169.97 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO. Shares of Kohl's Corporation (NYSE: KSS ) got a boost, shooting up 6 percent to $45.94 after the company reported stronger-than-expected earnings for the third quarter. Equities Trading DOWN Freshpet Inc (NASDAQ: FRPT ) shares tumbled 25 percent to $6.25 after the company reported a wider-than-expected loss for the third quarter and lowered its FY15 forecast.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 13 percent to $169.97 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO. Top Headline Kohl's Corporation (NYSE: KSS ) reported stronger-than-expected earnings for the third quarter. However, analysts were expecting earnings of $0.69 per share on revenue of $4.40 billion Equities Trading UP Angie's List Inc (NASDAQ: ANGI ) shares shot up 12 percent to $8.90 after IAC/InterActiveCorp (NASDAQ: IACI ) proposed to acquire Angie's List for $8.75 per share in cash.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 13 percent to $169.97 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO. However, analysts were expecting earnings of $0.69 per share on revenue of $4.40 billion Equities Trading UP Angie's List Inc (NASDAQ: ANGI ) shares shot up 12 percent to $8.90 after IAC/InterActiveCorp (NASDAQ: IACI ) proposed to acquire Angie's List for $8.75 per share in cash. The eurozone's STOXX 600 declined 1.47 percent, the Spanish Ibex Index fell 2.21 percent, while Italy's FTSE MIB Index slipped 2.18 percent.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 13 percent to $169.97 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO. Shares of Kohl's Corporation (NYSE: KSS ) got a boost, shooting up 6 percent to $45.94 after the company reported stronger-than-expected earnings for the third quarter. Oxbridge Re Holdings reported Q3 earnings of $0.12 per share.
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11724.0
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2015-11-12 00:00:00 UTC
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Auto Stock Roundup: Tata Motors Suffers Loss, Toyota to Invest $1B in A.I.
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-tata-motors-suffers-loss-toyota-to-invest-%241b-in-a.i.-2015-11-12
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The third-quarter earnings season is drawing to an end and Tata Motors Ltd. TTM was the only major auto company to report earnings over the last week. Meanwhile, Toyota Motor Corp. TM announced a $1 billion investment to start a new company focused on research related to artificial intelligence. Also, Ford Motor Co. F announced strong China sales data for October.
Among the negative developments, a federal judge ruled that the post-bankruptcy General Motors Co. GM can be charged for faulty ignition switches that had affected vehicles in its pre-bankruptcy era. Meanwhile, Honda Motor Co., Ltd. HMC announced a new safety recall.
(Read last to last week's recap here: Auto Stock Roundup for Nov 5, 2015 )
Recap of the Week's Most Important Stories
1. Tata Motors reported a loss of INR1.27 per ordinary share (10 cents per American Depositary Share or ADS) for the second quarter of fiscal 2016 (ended Sep 30, 2015). In the year-ago quarter, the company had earned INR10.10 per share (83 cents per ADS). The loss resulted from vehicles damaged at the Tianjin Port explosion.
Consolidated revenues increased 1.1% year over year to INR613.18 billion ($9.46 billion). This improvement in top line was driven by strong sales in the UK, Europe and North America which offset weaker sales in China and other emerging markets in the Jaguar Land Rover business.
2. Toyota announced that it is starting a new research and development enterprise called Toyota Research Institute Inc. ("TRI"), with an initial investment of $1 billion, over the next five years. The company will be operational from Jan 2016 with around 200 employees. TRI will be engaged in advanced research and product planning, starting with focus on artificial intelligence and robotics (read more: Toyota to Invest $1 Billion for Artificial Intelligence R&D ).
3. Ford reported a 7% year-over-year increase in China sales to 95,185 vehicles in Oct 2015. Sales of Ford in the world's largest automobile market totaled 884,073 units in the first 10 months of 2015. However, the figure was in line with the corresponding period of 2014 (read more: Ford's Sales from China Improve 7% Y/Y in October ).
4. According to a federal bankruptcy judge's ruling, people charging General Motors for faulty ignition switches may demand punitive damages. The judge pointed out that there was a transfer of employees and knowledge from the old General Motors that went bankrupt to the new company that was formed later. Moreover, the new General Motor was aware about the faulty ignition switches for more than a decade before it announced a recall in Feb 2014. This can cost the company a hefty charge of millions of dollars (read more: GM May Face Punitive Damages over Ignition Switch Issue ).
5. Honda announced the recall of Fit LX vehicles of model-year 2015-2016 in the U.S. as the rear grab rail brackets in some of them do not meet the automaker's design specifications. The company believes that the rear grab rail brackets may hinder the deployment of side curtain airbags in the event of a crash. This creates the risk of injury for passengers. Honda is recalling 25,367 vehicles to fix the issue (read more: Honda Recalls Fit LX Vehicles to Fix Rear Grab Rail Brackets ).
Performance
Auto stocks recorded mixed results over the last week. Tesla incurred the maximum loss, while Honda recorded the maximum gain among the stocks listed below.
Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Harley-Davidson, Inc. HOG was the worst performer once again.
What's Next in the Auto Space?
Advance Auto Parts will report its financial results later today.
Some automakers will report their China and Europe sales data for October in the coming weeks.
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FORD MOTOR CO (F): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
HARLEY-DAVIDSON (HOG): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
TATA MOTORS-ADR (TTM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Harley-Davidson, Inc. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report To read this article on Zacks.com click here. Among the negative developments, a federal judge ruled that the post-bankruptcy General Motors Co. GM can be charged for faulty ignition switches that had affected vehicles in its pre-bankruptcy era.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Harley-Davidson, Inc. Meanwhile, Toyota Motor Corp. TM announced a $1 billion investment to start a new company focused on research related to artificial intelligence.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Harley-Davidson, Inc. The third-quarter earnings season is drawing to an end and Tata Motors Ltd. TTM was the only major auto company to report earnings over the last week.
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Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Harley-Davidson, Inc. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Toyota Motor Corp. TM announced a $1 billion investment to start a new company focused on research related to artificial intelligence.
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11725.0
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2015-11-12 00:00:00 UTC
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Advance Auto Parts' Q3 Earnings and Sales Miss, Rise Y/Y
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-q3-earnings-and-sales-miss-rise-y-y-2015-11-12
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nan
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nan
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Advance Auto Parts Inc.AAP reported a 3.2% rise in comparable earnings to $1.95 per share in the third quarter of fiscal 2015 (ended Oct 10, 2015) from $1.89 in the prior-year quarter. However, the figure missed the Zacks Consensus Estimate of $2.06. Adjusted net earnings increased 3.5% to $144.2 million from $139.3 million in the third quarter of fiscal 2014.
Revenues went up 0.3% year over year to $2.29 billion, falling short of the Zacks Consensus Estimate of $2.33 billion. Sales benefited from the addition of new stores over the last 12 months and an increase in comparable store sales that inched up 0.5% in the reported quarter compared with 1.5% growth a year ago.
Gross profit declined 0.2% to $1.032 billion, or 45% of sales in the quarter from $1.034 billion or 45.2% of sales a year ago. The decrease in gross profit margin can be attributed to higher inventory expenses due to product integration, modest supply chain expense, partially offset by lower product acquisition costs, including merchandise cost synergies.
Comparable selling, general and administrative (SG&A) expenses totaled $788.6 million or 34.4% of sales in the quarter under review, compared with $797.6 million or 34.8% of sales in the third quarter of fiscal 2014. The decline in SG&A margin resulted from lower incentive compensation, lower administrative costs, partially offset by expense de-leverage arising from low comparable store sales growth.
Comparable operating income improved 2.9% to $243.8 million from $236.8 million in the prior-year quarter. Operating margin stood at 10.6% versus 10.3% a year ago.
Dividend
The board of directors of Advance Auto Parts declared a regular quarterly dividend of 6 cents per share, payable on Jan 8, 2016, to stockholders on record as of Dec 24, 2015.
Financial Position
Advance Auto Parts had cash and cash equivalents of $105.3 million as of Oct 10, 2015, implying a significant increase from $89.7 million as of Oct 4, 2014. Total long-term debt was $1.29 billion as of Oct 10, 2015, compared with $1.74 billion as of Oct 4, 2014.
During the first nine months of fiscal 2015, operating cash flow was $520.1 million compared with $540.3 million in the same period of fiscal 2014. Free cash flow in the period amounted to $358.9 million against $378.8 million in the comparable year-ago period. Capital expenditures in the said period amounted to $161.1 million compared with $160.8 million a year ago.
Outlook
Based on the disappointing third-quarter results, continuing integration headwinds and soft sales volume recorded in the beginning of the fourth quarter, Advance Auto Parts reduced its guidance. The company now expects earnings per share in the range of $7.75-$7.90 in fiscal 2015, down from the previous forecast of $8.10-$8.30. The company also anticipates flat to slightly negative fourth-quarter comparable store sales, and flat year-over-year fourth-quarter gross margin rate.
The company intends to close 30 stores in late 2015. This will lead to one-time expenses of $10-$15 million in 2015, taking the total expected one-time expenses to $101-$120 million, higher than the previous projection of $91-$105 million.
Store Update
As of Oct 10, 2015, the company's total store count stood at 5,240, including 118 Worldpac branches. Advance Auto Parts served roughly 1,300 independently owned Carquest stores as of that date.
Zacks Rank
Advance Auto Parts currently carries a Zacks Rank #3 (Buy).
Better-ranked automobile stocks include American Axle & Manufacturing Holdings Inc. AXL , Lear Corp. LEA and Cooper-Standard Holdings Inc. CPS . All the stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AMER AXLE & MFG (AXL): Free Stock Analysis Report
LEAR CORPORATN (LEA): Free Stock Analysis Report
COOPER-STANDARD (CPS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc.AAP reported a 3.2% rise in comparable earnings to $1.95 per share in the third quarter of fiscal 2015 (ended Oct 10, 2015) from $1.89 in the prior-year quarter. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AMER AXLE & MFG (AXL): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report COOPER-STANDARD (CPS): Free Stock Analysis Report To read this article on Zacks.com click here. The decrease in gross profit margin can be attributed to higher inventory expenses due to product integration, modest supply chain expense, partially offset by lower product acquisition costs, including merchandise cost synergies.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AMER AXLE & MFG (AXL): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report COOPER-STANDARD (CPS): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP reported a 3.2% rise in comparable earnings to $1.95 per share in the third quarter of fiscal 2015 (ended Oct 10, 2015) from $1.89 in the prior-year quarter. Zacks Rank Advance Auto Parts currently carries a Zacks Rank #3 (Buy).
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AMER AXLE & MFG (AXL): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report COOPER-STANDARD (CPS): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP reported a 3.2% rise in comparable earnings to $1.95 per share in the third quarter of fiscal 2015 (ended Oct 10, 2015) from $1.89 in the prior-year quarter. Sales benefited from the addition of new stores over the last 12 months and an increase in comparable store sales that inched up 0.5% in the reported quarter compared with 1.5% growth a year ago.
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Advance Auto Parts Inc.AAP reported a 3.2% rise in comparable earnings to $1.95 per share in the third quarter of fiscal 2015 (ended Oct 10, 2015) from $1.89 in the prior-year quarter. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AMER AXLE & MFG (AXL): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report COOPER-STANDARD (CPS): Free Stock Analysis Report To read this article on Zacks.com click here. Sales benefited from the addition of new stores over the last 12 months and an increase in comparable store sales that inched up 0.5% in the reported quarter compared with 1.5% growth a year ago.
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11726.0
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2015-11-12 00:00:00 UTC
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S&P 500 Movers: AAP, KSS
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AAP
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https://www.nasdaq.com/articles/sp-500-movers-aap-kss-2015-11-12
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nan
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nan
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In early trading on Thursday, shares of Kohl's ( KSS ) topped the list of the day's best performing components of the S&P 500 index, trading up 7.7%. Year to date, Kohl's has lost about 23.8% of its value.
And the worst performing S&P 500 component thus far on the day is Advance Auto Parts ( AAP ), trading down 12.4%. Advance Auto Parts is showing a gain of 7.0% looking at the year to date performance.
Two other components making moves today are Freeport-McMoran Copper & Gold ( FCX ), trading down 4.8%, and Viacom ( VIAB ), trading up 2.5% on the day.
VIDEO: S&P 500 Movers: AAP, KSS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing S&P 500 component thus far on the day is Advance Auto Parts ( AAP ), trading down 12.4%. VIDEO: S&P 500 Movers: AAP, KSS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts is showing a gain of 7.0% looking at the year to date performance.
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And the worst performing S&P 500 component thus far on the day is Advance Auto Parts ( AAP ), trading down 12.4%. VIDEO: S&P 500 Movers: AAP, KSS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing S&P 500 component thus far on the day is Advance Auto Parts ( AAP ), trading down 12.4%. VIDEO: S&P 500 Movers: AAP, KSS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Thursday, shares of Kohl's ( KSS ) topped the list of the day's best performing components of the S&P 500 index, trading up 7.7%.
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And the worst performing S&P 500 component thus far on the day is Advance Auto Parts ( AAP ), trading down 12.4%. VIDEO: S&P 500 Movers: AAP, KSS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Thursday, shares of Kohl's ( KSS ) topped the list of the day's best performing components of the S&P 500 index, trading up 7.7%.
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11727.0
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2015-11-12 00:00:00 UTC
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Mid-Morning Market Update: Markets Open Lower; Kohl's Beats Q3 Estimates
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AAP
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-open-lower-kohls-beats-q3-estimates-2015-11-12
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nan
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nan
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Following the market opening Thursday, the Dow traded down 0.97 percent to 17,530.72 while the NASDAQ declined 0.55 percent to 5,038.97. The S&P also fell, dropping 0.74 percent to 2,059.60.
Leading and Lagging Sectors
In trading on Wednesday, technology shares fell by just 0.17 percent. Top gainers in the sector included Semiconductor Manufacturing Int'l (ADR) (NYSE: SMI ), up 14 percent, and NetEase Inc (ADR) (NASDAQ: NTES ), up 6 percent.
Basic materials shares dipped around 1.08 percent in Wednesday's trading. Meanwhile, top losers in the sector included LSB Industries, Inc. (NYSE: LXU ), down 7 percent, and Freeport-McMoRan Inc (NYSE: FCX ), off 5 percent.
Top Headline
Kohl's Corporation (NYSE: KSS ) reported stronger-than-expected earnings for the third quarter.
The Menomonee Falls, Wisconsin-based company posted quarterly net income of $120 million, or $0.63 per share, compared to $142 million, or $0.70 per share, in the year-ago quarter. Excluding items, the company's adjusted earnings came in at $0.75 per share.
Its sales climbed to $4.43 billion from $4.37 billion. However, analysts were expecting earnings of $0.69 per share on revenue of $4.40 billion
Equities Trading UP
Angie's List Inc (NASDAQ: ANGI ) shares shot up 12 percent to $8.89 after IAC/InterActiveCorp (NASDAQ: IACI ) proposed to acquire Angie's List for $8.75 per share in cash.
Shares of Kohl's Corporation (NYSE: KSS ) got a boost, shooting up 7 percent to $46.19 after the company reported stronger-than-expected earnings for the third quarter.
International Game Technology Ordinary Shares (NYSE: IGT ) shares were also up, gaining 5 percent to $16.18 after the company reported upbeat Q3 profit.
Equities Trading DOWN
Freshpet Inc (NASDAQ: FRPT ) shares tumbled 23 percent to $6.43 after the company reported a wider-than-expected loss for the third quarter and lowered its FY15 forecast.
Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 12 percent to $172.29 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO.
Oxbridge Re Holdings Ltd. (NASDAQ: OXBR ) was down, falling 13 percent to $5.20. Oxbridge Re Holdings reported Q3 earnings of $0.12 per share.
Commodities
In commodity news, oil traded down 2.33 percent to $41.93, while gold traded up 0.31 percent to $1,088.30.
Silver traded up 1.38 percent Wednesday to $14.46, while copper fell 1.76 percent to $2.18.
Eurozone
European shares were lower today. The eurozone's STOXX 600 declined 1.50 percent, the Spanish Ibex Index fell 2.27 percent, while Italy's FTSE MIB Index slipped 1.65 percent. Meanwhile, the German DAX declined 1.26 percent, and the French CAC 40 slipped 1.75 percent, while U.K. shares fell 1.49 percent.
Economics
US jobless claims came in unchanged at 276,000 in the week ended November 7. However, economists were projecting claims to reach 268,000 in the week.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 12 percent to $172.29 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO. Shares of Kohl's Corporation (NYSE: KSS ) got a boost, shooting up 7 percent to $46.19 after the company reported stronger-than-expected earnings for the third quarter. Equities Trading DOWN Freshpet Inc (NASDAQ: FRPT ) shares tumbled 23 percent to $6.43 after the company reported a wider-than-expected loss for the third quarter and lowered its FY15 forecast.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 12 percent to $172.29 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO. Leading and Lagging Sectors In trading on Wednesday, technology shares fell by just 0.17 percent. Top Headline Kohl's Corporation (NYSE: KSS ) reported stronger-than-expected earnings for the third quarter.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 12 percent to $172.29 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO. However, analysts were expecting earnings of $0.69 per share on revenue of $4.40 billion Equities Trading UP Angie's List Inc (NASDAQ: ANGI ) shares shot up 12 percent to $8.89 after IAC/InterActiveCorp (NASDAQ: IACI ) proposed to acquire Angie's List for $8.75 per share in cash. The eurozone's STOXX 600 declined 1.50 percent, the Spanish Ibex Index fell 2.27 percent, while Italy's FTSE MIB Index slipped 1.65 percent.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 12 percent to $172.29 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO. Leading and Lagging Sectors In trading on Wednesday, technology shares fell by just 0.17 percent. Shares of Kohl's Corporation (NYSE: KSS ) got a boost, shooting up 7 percent to $46.19 after the company reported stronger-than-expected earnings for the third quarter.
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11728.0
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2015-11-12 00:00:00 UTC
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RSI Alert: Advance Auto Parts Now Oversold
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AAP
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https://www.nasdaq.com/articles/rsi-alert-advance-auto-parts-now-oversold-2015-11-12
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 27.1, after changing hands as low as $164.72 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 56.4. A bullish investor could look at AAP's 27.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAP shares:
Looking at the chart above, AAP's low point in its 52 week range is $142.63 per share, with $201.24 as the 52 week high point - that compares with a last trade of $164.64.
According to the ETF Finder at ETF Channel, AAP makes up 1.41% of the Guggenheim S&P 500 Pure Growth ETF (Symbol: RPG) which is trading lower by about 1.7% on the day Thursday.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 27.1, after changing hands as low as $164.72 per share. A bullish investor could look at AAP's 27.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $142.63 per share, with $201.24 as the 52 week high point - that compares with a last trade of $164.64.
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The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $142.63 per share, with $201.24 as the 52 week high point - that compares with a last trade of $164.64. In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 27.1, after changing hands as low as $164.72 per share. A bullish investor could look at AAP's 27.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 27.1, after changing hands as low as $164.72 per share. The chart below shows the one year performance of AAP shares: Looking at the chart above, AAP's low point in its 52 week range is $142.63 per share, with $201.24 as the 52 week high point - that compares with a last trade of $164.64. A bullish investor could look at AAP's 27.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) entered into oversold territory, hitting an RSI reading of 27.1, after changing hands as low as $164.72 per share. According to the ETF Finder at ETF Channel, AAP makes up 1.41% of the Guggenheim S&P 500 Pure Growth ETF (Symbol: RPG) which is trading lower by about 1.7% on the day Thursday. A bullish investor could look at AAP's 27.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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11729.0
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2015-11-12 00:00:00 UTC
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Mid-Afternoon Market Update: Dow Dips 200 Points; International Game Technology Shares Gain On Upbeat Earnings
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AAP
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https://www.nasdaq.com/articles/mid-afternoon-market-update-dow-dips-200-points-international-game-technology-shares-gain
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nan
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nan
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Toward the end of trading Thursday, the Dow traded down 1.21 percent to 17,487.36 while the NASDAQ declined 0.86 percent to 5,023.60. The S&P also fell, dropping 1.07 percent to 2,052.83.
Leading and Lagging Sectors
In trading on Thursday, telecommunications services shares fell by just 0.14 percent. Top gainers in the sector included China Unicom (Hong Kong) Limited (ADR) (NYSE: CHU ), up 3 percent, and Cellcom Israel Ltd. (NYSE: CEL ), up 3 percent.
Basic materials shares dipped around 1.78 percent in Thursday's trading. Meanwhile, top losers in the sector included LSB Industries, Inc. (NYSE: LXU ), down 9 percent, and ArcelorMittal SA (ADR) (NYSE: MT ), off 9 percent.
Top Headline
Kohl's Corporation (NYSE: KSS ) reported stronger-than-expected earnings for the third quarter.
The Menomonee Falls, Wisconsin-based company posted quarterly net income of $120 million, or $0.63 per share, compared to $142 million, or $0.70 per share, in the year-ago quarter. Excluding items, the company's adjusted earnings came in at $0.75 per share.
Its sales climbed to $4.43 billion from $4.37 billion. However, analysts were expecting earnings of $0.69 per share on revenue of $4.40 billion
Equities Trading UP
Angie's List Inc (NASDAQ: ANGI ) shares shot up 13 percent to $8.96 after IAC/InterActiveCorp (NASDAQ: IACI ) proposed to acquire Angie's List for $8.75 per share in cash.
Shares of Kohl's Corporation (NYSE: KSS ) got a boost, shooting up 6 percent to $45.94 after the company reported stronger-than-expected earnings for the third quarter.
International Game Technology Ordinary Shares (NYSE: IGT ) shares were also up, gaining 5 percent to $16.17 after the company reported upbeat Q3 profit.
Equities Trading DOWN
Freshpet Inc (NASDAQ: FRPT ) shares tumbled 28 percent to $6.01 after the company reported a wider-than-expected loss for the third quarter and lowered its FY15 forecast.
Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 14 percent to $166.61 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO.
Highpower International Inc (NASDAQ: HPJ ) was down, falling 15 percent to $2.29. Highpower reported Q3 adjusted earnings of $0.10 per share on revenue of $37.6 million.
Commodities
In commodity news, oil traded down 2.63 percent to $41.80, while gold traded down 0.26 percent to $1,082.10.
Silver traded down 0.02 percent Thursday to $14.26, while copper fell 2.05 percent to $2.17.
Eurozone
European shares closed lower today. The eurozone's STOXX 600 declined 1.62 percent, the Spanish Ibex Index fell 2.25 percent, while Italy's FTSE MIB Index slipped 2.35 percent. Meanwhile, the German DAX declined 1.15 percent, and the French CAC 40 slipped 1.94 percent, while U.K. shares fell 1.88 percent.
Economics
US jobless claims came in unchanged at 276,000 in the week ended November 7. However, economists were projecting claims to reach 268,000 in the week.
Crude supplies gained 4.22 million barrels for the week ended November 6, the U.S. Energy Information Administration said. Economists were expecting a rise of 1.02 million barrels.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 14 percent to $166.61 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO. Shares of Kohl's Corporation (NYSE: KSS ) got a boost, shooting up 6 percent to $45.94 after the company reported stronger-than-expected earnings for the third quarter. Equities Trading DOWN Freshpet Inc (NASDAQ: FRPT ) shares tumbled 28 percent to $6.01 after the company reported a wider-than-expected loss for the third quarter and lowered its FY15 forecast.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 14 percent to $166.61 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO. Top Headline Kohl's Corporation (NYSE: KSS ) reported stronger-than-expected earnings for the third quarter. However, analysts were expecting earnings of $0.69 per share on revenue of $4.40 billion Equities Trading UP Angie's List Inc (NASDAQ: ANGI ) shares shot up 13 percent to $8.96 after IAC/InterActiveCorp (NASDAQ: IACI ) proposed to acquire Angie's List for $8.75 per share in cash.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 14 percent to $166.61 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO. Toward the end of trading Thursday, the Dow traded down 1.21 percent to 17,487.36 while the NASDAQ declined 0.86 percent to 5,023.60. However, analysts were expecting earnings of $0.69 per share on revenue of $4.40 billion Equities Trading UP Angie's List Inc (NASDAQ: ANGI ) shares shot up 13 percent to $8.96 after IAC/InterActiveCorp (NASDAQ: IACI ) proposed to acquire Angie's List for $8.75 per share in cash.
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Shares of Advance Auto Parts, Inc. (NYSE: AAP ) were down 14 percent to $166.61 after the company reported weaker-than-expected results for the third quarter and announced the retirement of its CEO. Toward the end of trading Thursday, the Dow traded down 1.21 percent to 17,487.36 while the NASDAQ declined 0.86 percent to 5,023.60. Highpower reported Q3 adjusted earnings of $0.10 per share on revenue of $37.6 million.
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11730.0
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2015-11-12 00:00:00 UTC
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Daily Dividend Report: HPQ, NTES, CME, POT, AAP, NOV, NWL, IPG
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AAP
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https://www.nasdaq.com/articles/daily-dividend-report-hpq-ntes-cme-pot-aap-nov-nwl-ipg-2015-11-12
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nan
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nan
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The HP ( HPQ ) board of directors has declared a regular cash dividend of $0.124 per share on the company's common stock, which is the company's first regular dividend since the separation of Hewlett Packard Enterprise Company. The dividend, the first in the company's fiscal year 2016, is payable on January 6, 2016, to stockholders of record as of the close of business on December 9, 2015.
NetEase has approved a dividend of US$0.56 per ADS for the third quarter of 2015, which is expected to be paid on December 4, 2015 to shareholders of record as of the close of business on November 27, 2015.
CME Group declared a fourth-quarter dividend of $0.50 per share, payable December 28, 2015, to shareholders of record as of December 10, 2015.
Potash Corporation of Saskatchewan has declared a quarterly dividend of US $0.38 per share payable February 4, 2016 to shareholders of record January 14, 2016.
Advance Auto Parts ( AAP ) declared a regular quarterly cash dividend of $0.06 per share to be paid on January 8, 2016 to stockholders of record as of December 24, 2015.
National Oilwell Varco ( NOV ) declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on December 18, 2015 to each stockholder of record on December 4, 2015.
Newell Rubbermaid ( NWL ) announced the declaration of a quarterly cash dividend of $0.19 per share. The dividend is payable December 15, 2015 to common stockholders of record at the close of business on November 30, 2015.
Interpublic Group ( IPG ) has declared a quarterly dividend on IPG common stock of $0.12 per share, payable on December 15, 2015 to holders of record at the close of business on December 1, 2015.
VIDEO: Daily Dividend Report: HPQ, NTES, CME, POT, AAP, NOV, NWL, IPG
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts ( AAP ) declared a regular quarterly cash dividend of $0.06 per share to be paid on January 8, 2016 to stockholders of record as of December 24, 2015. VIDEO: Daily Dividend Report: HPQ, NTES, CME, POT, AAP, NOV, NWL, IPG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. NetEase has approved a dividend of US$0.56 per ADS for the third quarter of 2015, which is expected to be paid on December 4, 2015 to shareholders of record as of the close of business on November 27, 2015.
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VIDEO: Daily Dividend Report: HPQ, NTES, CME, POT, AAP, NOV, NWL, IPG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts ( AAP ) declared a regular quarterly cash dividend of $0.06 per share to be paid on January 8, 2016 to stockholders of record as of December 24, 2015. National Oilwell Varco ( NOV ) declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on December 18, 2015 to each stockholder of record on December 4, 2015.
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Advance Auto Parts ( AAP ) declared a regular quarterly cash dividend of $0.06 per share to be paid on January 8, 2016 to stockholders of record as of December 24, 2015. VIDEO: Daily Dividend Report: HPQ, NTES, CME, POT, AAP, NOV, NWL, IPG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. CME Group declared a fourth-quarter dividend of $0.50 per share, payable December 28, 2015, to shareholders of record as of December 10, 2015.
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Advance Auto Parts ( AAP ) declared a regular quarterly cash dividend of $0.06 per share to be paid on January 8, 2016 to stockholders of record as of December 24, 2015. VIDEO: Daily Dividend Report: HPQ, NTES, CME, POT, AAP, NOV, NWL, IPG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The dividend, the first in the company's fiscal year 2016, is payable on January 6, 2016, to stockholders of record as of the close of business on December 9, 2015.
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11731.0
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2015-11-12 00:00:00 UTC
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Thursday's ETF with Unusual Volume: VCR
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https://www.nasdaq.com/articles/thursdays-etf-unusual-volume-vcr-2015-11-12
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The Vanguard Consumer Discretionary ETF ( VCR ) is seeing unusually high volume in afternoon trading Thursday, with over 1.1 million shares traded versus three month average volume of about 181,000. Shares of VCR were down about 0.4% on the day.
Components of that ETF with the highest volume on Thursday were Sirius XM Holdings ( SIRI ), trading off about 0.5% with over 32.2 million shares changing hands so far this session, and Kohl's ( KSS ), up about 5.8% on volume of over 13.9 million shares. Sally Beauty Holdings ( SBH ) is the component faring the best Thursday, up by about 10.5% on the day, while Advance Auto Parts ( AAP ) is lagging other components of the Vanguard Consumer Discretionary ETF, trading lower by about 14.7%.
VIDEO: Thursday's ETF with Unusual Volume: VCR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sally Beauty Holdings ( SBH ) is the component faring the best Thursday, up by about 10.5% on the day, while Advance Auto Parts ( AAP ) is lagging other components of the Vanguard Consumer Discretionary ETF, trading lower by about 14.7%. The Vanguard Consumer Discretionary ETF ( VCR ) is seeing unusually high volume in afternoon trading Thursday, with over 1.1 million shares traded versus three month average volume of about 181,000. Components of that ETF with the highest volume on Thursday were Sirius XM Holdings ( SIRI ), trading off about 0.5% with over 32.2 million shares changing hands so far this session, and Kohl's ( KSS ), up about 5.8% on volume of over 13.9 million shares.
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Sally Beauty Holdings ( SBH ) is the component faring the best Thursday, up by about 10.5% on the day, while Advance Auto Parts ( AAP ) is lagging other components of the Vanguard Consumer Discretionary ETF, trading lower by about 14.7%. The Vanguard Consumer Discretionary ETF ( VCR ) is seeing unusually high volume in afternoon trading Thursday, with over 1.1 million shares traded versus three month average volume of about 181,000. VIDEO: Thursday's ETF with Unusual Volume: VCR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sally Beauty Holdings ( SBH ) is the component faring the best Thursday, up by about 10.5% on the day, while Advance Auto Parts ( AAP ) is lagging other components of the Vanguard Consumer Discretionary ETF, trading lower by about 14.7%. The Vanguard Consumer Discretionary ETF ( VCR ) is seeing unusually high volume in afternoon trading Thursday, with over 1.1 million shares traded versus three month average volume of about 181,000. Components of that ETF with the highest volume on Thursday were Sirius XM Holdings ( SIRI ), trading off about 0.5% with over 32.2 million shares changing hands so far this session, and Kohl's ( KSS ), up about 5.8% on volume of over 13.9 million shares.
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Sally Beauty Holdings ( SBH ) is the component faring the best Thursday, up by about 10.5% on the day, while Advance Auto Parts ( AAP ) is lagging other components of the Vanguard Consumer Discretionary ETF, trading lower by about 14.7%. The Vanguard Consumer Discretionary ETF ( VCR ) is seeing unusually high volume in afternoon trading Thursday, with over 1.1 million shares traded versus three month average volume of about 181,000. VIDEO: Thursday's ETF with Unusual Volume: VCR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2015-11-12 00:00:00 UTC
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Thursday Sector Laggards: Auto Dealerships, General Contractors & Builders
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https://www.nasdaq.com/articles/thursday-sector-laggards-auto-dealerships-general-contractors-builders-2015-11-12
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In trading on Thursday, auto dealerships shares were relative laggards, down on the day by about 2.7%. Helping drag down the group were shares of Advance Auto Parts ( AAP ), off about 15% and shares of Truecar ( TRUE ) down about 5.1% on the day.
Also lagging the market Thursday are general contractors & builders shares, down on the day by about 2.7% as a group, led down by Beazer Homes USA ( BZH ), trading lower by about 4.5% and Green Brick Partners ( GRBK ), trading lower by about 4.4%.
VIDEO: Thursday Sector Laggards: Auto Dealerships, General Contractors & Builders
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Helping drag down the group were shares of Advance Auto Parts ( AAP ), off about 15% and shares of Truecar ( TRUE ) down about 5.1% on the day. In trading on Thursday, auto dealerships shares were relative laggards, down on the day by about 2.7%. Also lagging the market Thursday are general contractors & builders shares, down on the day by about 2.7% as a group, led down by Beazer Homes USA ( BZH ), trading lower by about 4.5% and Green Brick Partners ( GRBK ), trading lower by about 4.4%.
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Helping drag down the group were shares of Advance Auto Parts ( AAP ), off about 15% and shares of Truecar ( TRUE ) down about 5.1% on the day. In trading on Thursday, auto dealerships shares were relative laggards, down on the day by about 2.7%. VIDEO: Thursday Sector Laggards: Auto Dealerships, General Contractors & Builders The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Helping drag down the group were shares of Advance Auto Parts ( AAP ), off about 15% and shares of Truecar ( TRUE ) down about 5.1% on the day. Also lagging the market Thursday are general contractors & builders shares, down on the day by about 2.7% as a group, led down by Beazer Homes USA ( BZH ), trading lower by about 4.5% and Green Brick Partners ( GRBK ), trading lower by about 4.4%. VIDEO: Thursday Sector Laggards: Auto Dealerships, General Contractors & Builders The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Helping drag down the group were shares of Advance Auto Parts ( AAP ), off about 15% and shares of Truecar ( TRUE ) down about 5.1% on the day. In trading on Thursday, auto dealerships shares were relative laggards, down on the day by about 2.7%. VIDEO: Thursday Sector Laggards: Auto Dealerships, General Contractors & Builders The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11733.0
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2015-11-12 00:00:00 UTC
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Why Advance Auto Parts, Inc. Stock Broke Down Today
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https://www.nasdaq.com/articles/why-advance-auto-parts-inc-stock-broke-down-today-2015-11-12
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What: Shares of Advance Auto Parts were down 15.2% as of 2:45 p.m. Thursday after the company released disappointing third-quarter 2015 results, the retirement of its CEO, and an agreement with investor group Starboard Value.
So what: Quarterly revenue rose slightly year over year to $2.295 billion, helped by a 0.5% increase in comparable-store sales. Comparable cash earnings per diluted share -- which excludes roughly $0.32 per share in costs and expenses related to its acquisition of General Parts last year -- rose 3.2% year over year to $1.95.
Analysts, on average, were anticipating higher earnings of $2.09 per share on revenue of $2.33 billion.
Advance Auto Parts CEO Darren Jackson elaborated, "These results were unfavorably affected by the continuing demands of the General Parts integration as well as some headwinds due to foreign exchange. We remain focused on structurally improving our business and progressing through our integration milestones to position the company for long term growth."
That said, in a separate press release Advance Auto announced Jackson will retire as CEO. Jackson will also step down from the company's board on January 2, 2016. The following day, Advance Auto Parts President George Sherman will assume the role of interim CEO. Going forward, the company will consider both Sherman and external candidates for the role of permanent CEO. In addition, current board Chairman John C. Brouillard will become Executive Chairman to work in an advisory capacity with Sherman as the company continues to implement its long-term strategy, and board member John Ferraro will take the role of Lead Independent Director.
Relatedly, Advance Auto announced an agreement with activist investor Starboard Value (which owns a roughly 3.7% stake in Advance Auto Parts) "regarding the membership and composition of the Advance Auto Parts Board of Directors."
Now what: Specifically per the terms of the agreement, Starboard CEO Jeffrey Smith has been appointed to Advanced Auto Parts' board effective immediately, and the size of the board has been expanded from 12 to 13 members. Smith will serve as chair of the Nominating and Corporate Governance Committee and a member of the Compensation and Finance Committees, and Starboard will identify two independent directors to be added to the board "as soon as practical." Advance Auto will also designate two additional independent directors for election at its 2016 annual meeting.
Smith added, "Advance Auto Parts is a terrific company which is well positioned to be even more successful with best in class execution. I look forward to working constructively with my fellow Board members and the management team to help take advantage of the tremendous opportunity to continue growing shareholder value."
In the meantime, however, given its earnings shortfall in Q3, continued integration headwinds, and a soft start to the fourth quarter, Advance Auto Parts also reduced its full-year comparable cash earnings per share guidance to a range of $7.75 to $7.90, down from the previous range of $8.10 to $8.30. In addition, Advance Auto Parts has identified another 30 stores for closure (in addition to the 50 stores it identified last quarter) by the end of 2015. These latest closures will result in incremental one-time expenses of $10 million to $15 million, effectively increasing Advanced Auto Parts' estimates for one-time integration and restructuring expenses this year to a range of $101 million to $120 million.
To be fair, it's arguably preferable to see Advance Auto Parts bite this bullet today in order to set themselves up for a stronger 2016, especially with the added accountability of having Starboard representatives working to create value for shareholders. For now, however, I prefer watching Advance Auto's progress for at least another quarter before determining whether it's worthy as a long-term investment.
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The article Why Advance Auto Parts, Inc. Stock Broke Down Today originally appeared on Fool.com.
Steve Symington has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What: Shares of Advance Auto Parts were down 15.2% as of 2:45 p.m. Thursday after the company released disappointing third-quarter 2015 results, the retirement of its CEO, and an agreement with investor group Starboard Value. I look forward to working constructively with my fellow Board members and the management team to help take advantage of the tremendous opportunity to continue growing shareholder value." To be fair, it's arguably preferable to see Advance Auto Parts bite this bullet today in order to set themselves up for a stronger 2016, especially with the added accountability of having Starboard representatives working to create value for shareholders.
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That said, in a separate press release Advance Auto announced Jackson will retire as CEO. In addition, Advance Auto Parts has identified another 30 stores for closure (in addition to the 50 stores it identified last quarter) by the end of 2015. These latest closures will result in incremental one-time expenses of $10 million to $15 million, effectively increasing Advanced Auto Parts' estimates for one-time integration and restructuring expenses this year to a range of $101 million to $120 million.
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What: Shares of Advance Auto Parts were down 15.2% as of 2:45 p.m. Thursday after the company released disappointing third-quarter 2015 results, the retirement of its CEO, and an agreement with investor group Starboard Value. Relatedly, Advance Auto announced an agreement with activist investor Starboard Value (which owns a roughly 3.7% stake in Advance Auto Parts) "regarding the membership and composition of the Advance Auto Parts Board of Directors." Now what: Specifically per the terms of the agreement, Starboard CEO Jeffrey Smith has been appointed to Advanced Auto Parts' board effective immediately, and the size of the board has been expanded from 12 to 13 members.
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Comparable cash earnings per diluted share -- which excludes roughly $0.32 per share in costs and expenses related to its acquisition of General Parts last year -- rose 3.2% year over year to $1.95. In addition, current board Chairman John C. Brouillard will become Executive Chairman to work in an advisory capacity with Sherman as the company continues to implement its long-term strategy, and board member John Ferraro will take the role of Lead Independent Director. The Motley Fool has no position in any of the stocks mentioned.
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11734.0
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2015-11-11 00:00:00 UTC
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Dow Jones Industrial Average Dips 55 Points as Energy Stocks Slump
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https://www.nasdaq.com/articles/dow-jones-industrial-average-dips-55-points-energy-stocks-slump-2015-11-11
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MoneyMorning.com Report - For Nov. 11, 2015, here's the topstock market newsand stocks to watch based on today's market moves...
How Did the Stock Market Do Today?
Dow Jones: 17,702.22; -55.99;-0.32%
S&P 500: 2,075.00; -6.72;-0.32%
Nasdaq: 5,067.02; -16.23;-0.32%
The Dow Jones Industrial Average today (Wednesday) dipped 55 points as investors kept a tight eye on shares of brick-and-mortar retailers after a terrible full-year earnings report from Macy's Inc. ( M ). The markets were supported by gains from General Electric Co. ( GE ) and Amazon.com Inc. (Nasdaq: AMZN), which both saw gains of more than 1.7%.
Tomorrow, markets will turn their focus to weekly jobless claims and speeches from six members of the U.S. Federal Reserve, including remarks from central bank chairwoman Janet Yellen, during the Fed's conference on post-crisis monetary policy. The earnings report calendar will be extremely busy. Companies reporting quarterly earnings on Wednesday will include Cisco Systems Inc. (Nasdaq: CSCO), Fossil Group Inc. (Nasdaq: FOSL), Nordstrom Inc. ( JWN ), Applied Materials Inc. (Nasdaq: AMAT), Kohl's Corp. ( KSS ), Advance Auto Parts Inc. ( AAP ), and El Pollo LoCo Holdings Inc. (Nasdaq: LOCO).
Top Stock Market News Today
Stock MarketNews: The bond markets were closed in observance of Veteran's Day, but the stock markets had a full trading session. Five of 10 S&P sectors were positive today, with utilities largely leading the way. The energy sector was today's worst performer, falling more than 1.9%. Shares of Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) were both off more than 0.8% on the day. It was a brutal day for offshore oil drillers. Shares of Atwood Oceanics Inc. (ATW) fell nearly 13%, while W&T Offshore Inc. (WTI) was off 12.5%.
Oil in Focus:Oil prices fell again on news U.S. domestic crude inventories rose last week. It was the seventh straight week the U.S. government reported an increase in crude stocks. Inventory levels surged another 6.3 million barrels last week, fueled by a very large gain at the Cushing, Okla., delivery point. Analysts had only expected a build of 1 million barrels. December WTI prices fell 2.6% to hit $43.05, while Brent oil crude - priced in London - dipped 3.1% to hit $45.93. The decline in oil prices led to a 1.9% decline in energy stocks .
Hunter Hiccup: The oil priceplunge has crushed another victim: Shares of Magnum Hunter Resources Corp. (OTCMKTS: MHR) sank roughly 40% Tuesday before trading was halted. The independent oil and gas company has been delisted by the New York Stock Exchange over its share price. Here's the real story of what happened.
Saudi Oil Minister: Earlier this week, Saudi officials announced the nation has no plans to reduce its oil According to leaders, the country plans to maintain oil productionin order to protect market share, even though possible cuts would help stabilize oil prices around the world. Here's how that decision will affect oil prices heading into 2016 and beyond.
Stocks to Watch: VRX, AGN, M, JCP, JWN, DDS, KSS, BABA, APA, APC
Stocks to Watch No.1, VRX: Shares of Valeant Pharmaceuticals Intl. Inc. (VRX) fell another 5.7% on news both the company and activist investor Bill Ackman will face a lawsuit accusing both of insider trading. The accusations stem from the trading of stock in Botox manufacturer Allergan Plc. (AGN), as they attempted to purchase the company in 2014.
Stocks to Watch No.2, M: Shares of Macy's Inc. ( M ) cratered more than 14% after the company reported weak quarterly revenue and announced it does not plan to spin-off its real estate holdings into a REIT. The news dragged down shares of rivals like JC Penney Co. Inc. (JCP), which slipped roughly 2% despite reporting a 6.4% jump in same-store sales. Shares of Nordstrom Inc. ( JWN ), Dillard's Inc. (DDS), and Kohl's Corp. ( KSS ) all fell more than 2% as they prepare to report earnings later this week.
Stocks to Watch No.3, BABA: Shares of Alibaba Group Holding Ltd. (BABA) were down nearly 2% despite news the company sold 91.2 billion yuan ($14.32 billion) of goods during the nation's shopping festival Singles' Day. The figure is a 60% jump from the same day last year, which dwarfs spending on Black Friday and Cyber Monday in the United States, combined. With the nation's biggest shopping day behind it, what's next for the Alibaba stock price?
Stocks to Watch No.4, APA: No deal. Shares of Apache Corp. (APA) dipped more than 7% on news it has rejected the takeover bid from rival Anadarko Petroleum Corp. (APC). Shares of Anadarko slipped nearly 4% on the news.
What Investors Must Know This Week
Grab Double-Digit Gains from This Analyst "Fail"
Three Game Changers Fueling a Natural Gas Rebound
Brace Yourself for This $2 Trillion Global Disruption
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Companies reporting quarterly earnings on Wednesday will include Cisco Systems Inc. (Nasdaq: CSCO), Fossil Group Inc. (Nasdaq: FOSL), Nordstrom Inc. ( JWN ), Applied Materials Inc. (Nasdaq: AMAT), Kohl's Corp. ( KSS ), Advance Auto Parts Inc. ( AAP ), and El Pollo LoCo Holdings Inc. (Nasdaq: LOCO). Nasdaq: 5,067.02; -16.23;-0.32% The Dow Jones Industrial Average today (Wednesday) dipped 55 points as investors kept a tight eye on shares of brick-and-mortar retailers after a terrible full-year earnings report from Macy's Inc. ( M ). Tomorrow, markets will turn their focus to weekly jobless claims and speeches from six members of the U.S. Federal Reserve, including remarks from central bank chairwoman Janet Yellen, during the Fed's conference on post-crisis monetary policy.
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Companies reporting quarterly earnings on Wednesday will include Cisco Systems Inc. (Nasdaq: CSCO), Fossil Group Inc. (Nasdaq: FOSL), Nordstrom Inc. ( JWN ), Applied Materials Inc. (Nasdaq: AMAT), Kohl's Corp. ( KSS ), Advance Auto Parts Inc. ( AAP ), and El Pollo LoCo Holdings Inc. (Nasdaq: LOCO). Stocks to Watch: VRX, AGN, M, JCP, JWN, DDS, KSS, BABA, APA, APC Stocks to Watch No.1, VRX: Shares of Valeant Pharmaceuticals Intl. Stocks to Watch No.3, BABA: Shares of Alibaba Group Holding Ltd. (BABA) were down nearly 2% despite news the company sold 91.2 billion yuan ($14.32 billion) of goods during the nation's shopping festival Singles' Day.
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Companies reporting quarterly earnings on Wednesday will include Cisco Systems Inc. (Nasdaq: CSCO), Fossil Group Inc. (Nasdaq: FOSL), Nordstrom Inc. ( JWN ), Applied Materials Inc. (Nasdaq: AMAT), Kohl's Corp. ( KSS ), Advance Auto Parts Inc. ( AAP ), and El Pollo LoCo Holdings Inc. (Nasdaq: LOCO). Top Stock Market News Today Stock MarketNews: The bond markets were closed in observance of Veteran's Day, but the stock markets had a full trading session. Saudi Oil Minister: Earlier this week, Saudi officials announced the nation has no plans to reduce its oil According to leaders, the country plans to maintain oil productionin order to protect market share, even though possible cuts would help stabilize oil prices around the world.
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Companies reporting quarterly earnings on Wednesday will include Cisco Systems Inc. (Nasdaq: CSCO), Fossil Group Inc. (Nasdaq: FOSL), Nordstrom Inc. ( JWN ), Applied Materials Inc. (Nasdaq: AMAT), Kohl's Corp. ( KSS ), Advance Auto Parts Inc. ( AAP ), and El Pollo LoCo Holdings Inc. (Nasdaq: LOCO). Oil in Focus:Oil prices fell again on news U.S. domestic crude inventories rose last week. Stocks to Watch: VRX, AGN, M, JCP, JWN, DDS, KSS, BABA, APA, APC Stocks to Watch No.1, VRX: Shares of Valeant Pharmaceuticals Intl.
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2015-11-11 00:00:00 UTC
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Pre-Market Earnings Report for November 12, 2015 : VIAB, AAP, TDG, KSS, GIL, ICL, HP, ECA, MMS, SBH, SPH, HIMX
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https://www.nasdaq.com/articles/pre-market-earnings-report-november-12-2015-viab-aap-tdg-kss-gil-icl-hp-eca-mms-sbh-sph
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The following companies are expected to report earnings prior to market open on 11/12/2015. Visit our Earnings Calendar for a full list of expected earnings releases.
Viacom Inc. ( VIAB ) is reporting for the quarter ending September 30, 2015. The media company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.52. This value represents a 11.11% decrease compared to the same quarter last year. VIAB missed the consensus earnings per share in the 2nd calendar quarter of 2015 by -0.68%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for VIAB is 8.88 vs. an industry ratio of 48.80.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2015. The wholesale retail company's consensus earnings per share forecast from the 13 analysts that follow the stock is $2.06. This value represents a 8.99% increase compared to the same quarter last year. AAP missed the consensus earnings per share in the 1st calendar quarter of 2015 by -4.4%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 23.47 vs. an industry ratio of 17.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Transdigm Group Incorporated ( TDG ) is reporting for the quarter ending September 30, 2015. The aerospace and defense company's consensus earnings per share forecast from the 1 analyst that follows the stock is $2.01. This value represents a 4.29% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for TDG is 27.04 vs. an industry ratio of 51.20.
Kohl's Corporation ( KSS ) is reporting for the quarter ending October 31, 2015. The retail company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.69. This value represents a 1.43% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for KSS is 10.63 vs. an industry ratio of 6.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Gildan Activewear, Inc. ( GIL ) is reporting for the quarter ending September 30, 2015. The textile company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.51. This value represents a 2.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for GIL is 18.61 vs. an industry ratio of 13.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Israel Chemicals Shs ( ICL ) is reporting for the quarter ending September 30, 2015. The chemical company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.13. This value represents a 7.14% decrease compared to the same quarter last year. ICL missed the consensus earnings per share in the 4th calendar quarter of 2014 by -25%. The "days to cover" for this stock exceeds 110 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ICL is 10.04 vs. an industry ratio of 19.70.
Helmerich & Payne, Inc. ( HP ) is reporting for the quarter ending September 30, 2015. The oil & gas drilling company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.06. This value represents a 96.23% decrease compared to the same quarter last year. HP missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -5.36%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for HP is 19.51 vs. an industry ratio of -18.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Encana Corporation ( ECA ) is reporting for the quarter ending September 30, 2015. The oil company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.04. This value represents a 110.53% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ECA is -43.11 vs. an industry ratio of -1.70.
Maximus, Inc. ( MMS ) is reporting for the quarter ending September 30, 2015. The government services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.52. This value represents a 1.89% decrease compared to the same quarter last year. In the past year MMS has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 1.59%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for MMS is 29.04 vs. an industry ratio of 17.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Sally Beauty Holdings, Inc. ( SBH ) is reporting for the quarter ending September 30, 2015. The retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.39. This value represents a no change for the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for SBH is 14.79 vs. an industry ratio of 35.20.
Suburban Propane Partners, L.P. ( SPH ) is reporting for the quarter ending September 30, 2015. The oil refining company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.77. This value represents a 9.41% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for SPH is 18.20 vs. an industry ratio of 17.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Himax Technologies, Inc. ( HIMX ) is reporting for the quarter ending September 30, 2015. The electric company company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.01. This value represents a 116.67% decrease compared to the same quarter last year. HIMX missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -25%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for HIMX is 46.54 vs. an industry ratio of 11.40, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2015. AAP missed the consensus earnings per share in the 1st calendar quarter of 2015 by -4.4%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 23.47 vs. an industry ratio of 17.70, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 23.47 vs. an industry ratio of 17.70, implying that they will have a higher earnings growth than their competitors in the same industry. Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2015. AAP missed the consensus earnings per share in the 1st calendar quarter of 2015 by -4.4%.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2015. AAP missed the consensus earnings per share in the 1st calendar quarter of 2015 by -4.4%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 23.47 vs. an industry ratio of 17.70, implying that they will have a higher earnings growth than their competitors in the same industry.
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AAP missed the consensus earnings per share in the 1st calendar quarter of 2015 by -4.4%. Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 23.47 vs. an industry ratio of 17.70, implying that they will have a higher earnings growth than their competitors in the same industry.
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11736.0
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2015-11-09 00:00:00 UTC
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Advance Auto Parts (AAP) Q3 Earnings: What to Expect?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q3-earnings%3A-what-to-expect-2015-11-09
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nan
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nan
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Advance Auto Parts Inc.AAP is expected to report third-quarter 2015 results on Nov 12. In the last quarter, the company posted a positive earnings surprise of 0.89%. Let's see how things are shaping up for this announcement.
Factors Influencing this Quarter
Advance Auto Parts drives profits through its relentless focus on store expansion. During the 28-week period ended Jul 18, 2015, the company opened 63 stores. The rise in store count ensures increased availability of parts, thereby leading to higher sales. Advance Auto Parts is poised to benefit from the growing stability in the industry and the increasing average age of vehicles, along with a rise in the number of miles driven. The combination of a steadily improving job market and lower gasoline prices is also likely to boost the company's results.
However, pricing poses a serious threat to Advance Auto Parts as it competes with national and regional automotive retailers. Moreover, the improvement in the quality of new vehicles leads to reduced need for the maintenance and repair of parts. This, in turn, hampers demand in the automotive maintenance market.
Earnings Whispers
Our proven model does not conclusively show that Advance Auto Parts is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here, as you will see below:
Zacks ESP: Advance Auto Parts' Earnings ESP is 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at $2.06.
Zacks Rank: Advance Auto Parts carries a Zacks Rank #3 (Hold), which increases the predictive power of ESP. However, the company's ESP of 0.00% makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Copart, Inc. CPRT will report first-quarter fiscal 2016 (ended Oct 31, 2015) results on Nov 23. The company has a Zacks Rank #3.
AutoZone, Inc. AZO will post first-quarter fiscal 2016 (ended Nov 22, 2015) financial results on Dec 8. The company has a Zacks Rank #3.
CarMax Inc. KMX will release third-quarter fiscal 2016 (ended Nov 30, 2015) results on Dec 18. The company carries a Zacks Rank #3.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
COPART INC (CPRT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc.AAP is expected to report third-quarter 2015 results on Nov 12. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report COPART INC (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Factors Influencing this Quarter Advance Auto Parts drives profits through its relentless focus on store expansion.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report COPART INC (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP is expected to report third-quarter 2015 results on Nov 12. This is not the case here, as you will see below: Zacks ESP: Advance Auto Parts' Earnings ESP is 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at $2.06.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report COPART INC (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP is expected to report third-quarter 2015 results on Nov 12. This is not the case here, as you will see below: Zacks ESP: Advance Auto Parts' Earnings ESP is 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at $2.06.
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Advance Auto Parts Inc.AAP is expected to report third-quarter 2015 results on Nov 12. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report COPART INC (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen.
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11737.0
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2015-11-05 00:00:00 UTC
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Auto Stock Roundup: US Sales Rise; Tesla, Honda Miss on Earnings; Toyota Beats
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-us-sales-rise-tesla-honda-miss-on-earnings-toyota-beats-2015-11-05
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nan
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nan
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Earnings and sales data ruled the headlines in the auto sector last week. U.S. light-vehicle sales came in at 1.46 million units in Oct 2015, while sales on a seasonally adjusted annualized rate ("SAAR") basis surged to 18.23 million units, the highest since Jul 2005.
Meanwhile, Tesla Motors, Inc. TSLA , Honda Motor Co., Ltd. HMC , Toyota Motor Corporation TM and Penske Automotive Group, Inc. PAG reported their financial results for the quarter ended Sep 30, 2015. Toyota was the only company among these to beat earnings estimates, while Honda was the only one to miss revenue estimates.
(Read last to last week's recap here: Auto Stock Roundup for Oct 29, 2015 )
Recap of the Week's Most Important Stories
1. U.S. light-vehicle sales increased 13.6% year over year to 1.46 million units in Oct 2015. Sales on a SAAR basis surged to 18.23 million units in Oct 2015 from 16.59 million units in Oct 2014 and 18.17 million units in Sep 2015. The sales volume was driven by low gas prices, high demand for light trucks, attractive deals and the easy availability of credit with lower interest rates.
2. Tesla reported adjusted loss (excluding one-time items other than stock-based compensation expense) of $1.01 per share in the third quarter of 2015, much wider than adjusted loss of 29 cents incurred in the year-ago quarter. Moreover, the loss was significantly wider than the Zacks Consensus Estimate of a loss of 71 cents per share.
Adjusted revenues improved 33% year over year to $1.24 billion in the reported quarter and steered past the Zacks Consensus Estimate of $1.21 billion. The company anticipates 17,000-19,000 vehicle deliveries in the fourth quarter. For 2015, Tesla lowered the higher end of its vehicle delivery guidance range to 50,000-52,000 units from 50,000-55,000 vehicles guided earlier (read more: Tesla Q3 Loss Wider than Expected, Trims Delivery Target ).
3. Honda reported a 6.9% increase in earnings to ¥127.7 billion ($1.07 billion) or ¥70.88 (59 cents) per share in the second quarter (ended Sep 30, 2015) of fiscal 2016. However, earnings per share missed the Zacks Consensus Estimate of 63 cents. Consolidated net sales and other operating revenues went up 15.6% year over year to ¥3.62 trillion ($30.19 billion) but missed the Zacks Consensus Estimate of $30.22 billion.
The year-over-year increase can be attributed to higher revenues from all business segments, as well as favorable foreign currency translation effects. For fiscal 2016, Honda increased the revenue guidance to ¥14.6 trillion from ¥14.5 trillion projected earlier.
4. Toyota recorded earnings of ¥192.51 per share ($3.16 per ADR) in second-quarter fiscal 2016 (ended Sep 30, 2015), compared with ¥170.54 per share ($3.28 per ADR) earned in second-quarter fiscal 2015. Earnings per ADR surpassed the Zacks Consensus Estimate of $3.09. Consolidated revenues increased 8.4% year over year to ¥7.1 trillion ($58.2 billion) and outpaced the Zacks Consensus Estimate of $57.81 billion.
Toyota reduced its consolidated revenue guidance to ¥27.5 trillion ($233.1 billion) from ¥27.8 trillion ($237.6 billion) for fiscal 2016. The revenue guidance indicates a 1% improvement over fiscal 2015. Consolidated vehicle sales for fiscal 2016 are anticipated at about 8.75 million units, down from the prior estimate of 8.95 million units, as well as from nearly 8.97 million vehicles sold in fiscal 2015.
5. Penske Automotive's third-quarter 2015 earnings per share improved 12.9% to 96 cents from 85 cents a year ago. However, earnings missed the Zacks Consensus Estimate of $1.01. Revenues grew 12.8% year over year to $4.96 billion, marginally surpassing the Zacks Consensus Estimate of $4.92 billion (read more: Penske Automotive's Q3 Earnings Miss Estimates, Rise Y/Y ).
Performance
Auto stocks recorded mixed results over the last week. Tesla recorded the maximum gain as the stock surged 11.2% following its earnings release. Although the company reported wider-than-expected loss, the better-than-expected delivery guidance for the fourth quarter pulled up the stock. Meanwhile, Honda recorded the maximum loss among the stocks listed below.
Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Harley-Davidson, Inc. HOG remained the worst performer.
What's Next in the Auto Space?
Most automakers will report their China and Europe sales data for October in the coming weeks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
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PENSKE AUTO GRP (PAG): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
HARLEY-DAVIDSON (HOG): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Harley-Davidson, Inc. Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. The sales volume was driven by low gas prices, high demand for light trucks, attractive deals and the easy availability of credit with lower interest rates.
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Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Harley-Davidson, Inc. Meanwhile, Tesla Motors, Inc. TSLA , Honda Motor Co., Ltd. HMC , Toyota Motor Corporation TM and Penske Automotive Group, Inc. PAG reported their financial results for the quarter ended Sep 30, 2015.
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Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Harley-Davidson, Inc. Adjusted revenues improved 33% year over year to $1.24 billion in the reported quarter and steered past the Zacks Consensus Estimate of $1.21 billion.
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Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Harley-Davidson, Inc. Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Honda reported a 6.9% increase in earnings to ¥127.7 billion ($1.07 billion) or ¥70.88 (59 cents) per share in the second quarter (ended Sep 30, 2015) of fiscal 2016.
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11738.0
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2015-11-03 00:00:00 UTC
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Toyota (TM) Q2 Earnings Preview: A Surprise in Store?
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AAP
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https://www.nasdaq.com/articles/toyota-tm-q2-earnings-preview%3A-a-surprise-in-store-2015-11-03
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nan
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nan
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Toyota Motor CorporationTM is set to report second-quarter fiscal 2016 (ended Sep 30, 2015) results on Nov 5. In the last quarter, it had posted a positive earnings surprise of 14.63%. Let's see how things are shaping up for this announcement.
Factors Influencing this Quarter
Toyota sold 4.98 million vehicles globally during the six months ended Sep 30, 2015, down 1.1% year over year. While the lower sales volume will have a negative impact on the company's revenues in the second quarter, Toyota will benefit from favorable foreign currency fluctuations.
Moreover, the company recorded an increase in earnings, operating income and revenues in the first quarter of fiscal 2016. Also, it provided a favorable outlook for these financial metrics for the fiscal year. This raises expectations of a year-over-year increase in these metrics for the second quarter of fiscal 2016.
Earnings Whispers
Our proven model does not conclusively show that Toyota is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here, as you will see below:
Zacks ESP: The Earnings ESP for Toyota is 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at $3.09.
ZacksRank: Toyota carries a Zacks Rank #3 (Hold), which increases the predictive power of ESP. However, the company's ESP of 0.00% makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Magna International Inc. MGA has an Earnings ESP of +0.92% and a Zacks Rank #3. The company is expected to report third-quarter 2015 results on Nov 5.
Advance Auto Parts Inc. AAP sports a Zacks Rank #1 (Strong Buy). The company's third-quarter 2015 financial results are scheduled for release on Nov 12.
Superior Industries International, Inc. SUP - a Zacks Rank #2 (Buy) stock - will report its third-quarter financial numbers on Nov 3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
SUPERIOR INDS (SUP): Free Stock Analysis Report
MAGNA INTL CL A (MGA): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. AAP sports a Zacks Rank #1 (Strong Buy). Click to get this free report TOYOTA MOTOR CP (TM): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report MAGNA INTL CL A (MGA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Toyota Motor CorporationTM is set to report second-quarter fiscal 2016 (ended Sep 30, 2015) results on Nov 5.
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Click to get this free report TOYOTA MOTOR CP (TM): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report MAGNA INTL CL A (MGA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP sports a Zacks Rank #1 (Strong Buy). Superior Industries International, Inc. SUP - a Zacks Rank #2 (Buy) stock - will report its third-quarter financial numbers on Nov 3.
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Click to get this free report TOYOTA MOTOR CP (TM): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report MAGNA INTL CL A (MGA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP sports a Zacks Rank #1 (Strong Buy). This is not the case here, as you will see below: Zacks ESP: The Earnings ESP for Toyota is 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at $3.09.
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Advance Auto Parts Inc. AAP sports a Zacks Rank #1 (Strong Buy). Click to get this free report TOYOTA MOTOR CP (TM): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report MAGNA INTL CL A (MGA): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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11739.0
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2015-10-29 00:00:00 UTC
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New Strong Buy Stocks for October 29th
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AAP
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-october-29th-2015-10-29
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Advance Auto Parts, Inc. ( AAP )
Albany International Corp. ( AIN )
Apigee Corp ( APIC )
athenahealth, Inc ( ATHN )
Ballard Power Systems Inc. ( BLDP )
View the entire Zacks Rank #1 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
ALBANY INTL A (AIN): Free Stock Analysis Report
APIGEE CORP (APIC): Free Stock Analysis Report
ATHENAHEALTH IN (ATHN): Free Stock Analysis Report
BALLARD PWR SYS (BLDP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Advance Auto Parts, Inc. ( AAP ) Albany International Corp. ( AIN ) Apigee Corp ( APIC ) athenahealth, Inc ( ATHN ) Ballard Power Systems Inc. ( BLDP ) View the entire Zacks Rank #1 List . Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALBANY INTL A (AIN): Free Stock Analysis Report APIGEE CORP (APIC): Free Stock Analysis Report ATHENAHEALTH IN (ATHN): Free Stock Analysis Report BALLARD PWR SYS (BLDP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Advance Auto Parts, Inc. ( AAP ) Albany International Corp. ( AIN ) Apigee Corp ( APIC ) athenahealth, Inc ( ATHN ) Ballard Power Systems Inc. ( BLDP ) View the entire Zacks Rank #1 List . Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALBANY INTL A (AIN): Free Stock Analysis Report APIGEE CORP (APIC): Free Stock Analysis Report ATHENAHEALTH IN (ATHN): Free Stock Analysis Report BALLARD PWR SYS (BLDP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Advance Auto Parts, Inc. ( AAP ) Albany International Corp. ( AIN ) Apigee Corp ( APIC ) athenahealth, Inc ( ATHN ) Ballard Power Systems Inc. ( BLDP ) View the entire Zacks Rank #1 List . Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALBANY INTL A (AIN): Free Stock Analysis Report APIGEE CORP (APIC): Free Stock Analysis Report ATHENAHEALTH IN (ATHN): Free Stock Analysis Report BALLARD PWR SYS (BLDP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Advance Auto Parts, Inc. ( AAP ) Albany International Corp. ( AIN ) Apigee Corp ( APIC ) athenahealth, Inc ( ATHN ) Ballard Power Systems Inc. ( BLDP ) View the entire Zacks Rank #1 List . Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALBANY INTL A (AIN): Free Stock Analysis Report APIGEE CORP (APIC): Free Stock Analysis Report ATHENAHEALTH IN (ATHN): Free Stock Analysis Report BALLARD PWR SYS (BLDP): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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11740.0
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2015-10-28 00:00:00 UTC
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O'Reilly, AutoZone Put Auto Parts Sector In High Gear
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AAP
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https://www.nasdaq.com/articles/oreilly-autozone-put-auto-parts-sector-high-gear-2015-10-28
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nan
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nan
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F orget the current banner year for new-car sales -- auto parts retailers are forging ahead undaunted, benefitting from a host of favorable industry trends. Cheap gasoline prices, an increase in miles driven and an aging fleet of cars on the road have helped leading players such asO'Reilly Automotive ( ORLY ),AutoZone ( AZO ) andAdvance Auto Parts ( AAP ) maintain decent growth.
They've accomplished that even as vehicle sales are at their highest point in over a decade -- something that normally would act as a headwind to the auto parts sector.
Auto parts chains have also largely avoided competition fromAmazon ( AMZN ).
O'Reilly, the sector's biggest by market cap, has shown particular strength, with a years-long streak of double-digit earnings growth. It extended that streak after Wednesday's close, logging a 28% year-over-year EPS gain and breezing past consensus views.
O'Reilly shares touched a new high of 263.66 on Wednesday and moved even higher after hours. AutoZone shares set their own new high Wednesday, while Advance Auto hit a new record last week.
IBD's Retail/Wholesale-Auto Parts group -- which also includesGenuine Parts ( GPC ) andLKQ (LKQ), among other stocks -- ranks No. 8 out of 197 industries surveyed.
Pep Boys Acquired
The group is doing so well that even members considered to be laggards are attracting attention.
Case in point: Monday's news that auto parts supplier Bridgestone will acquirePep Boys -- Manny, Moe & Jack (PBY) for about $835 million. Bridgestone will pay $15 a share in cash, a 23% premium over Pep Boys' Oct. 23 closing price. The deal is expected to close early in 2016.
Bridgestone paid the premium even though Pep Boys has underperformed for most of this decade. The company's annual revenue has barely budged over the last three years, and it hasn't grown annual earnings since 2011. The fact that Pep Boys brought such a rich buyout offer says a lot about how much auto parts retailers are valued right now, analysts say.
"It certainly signifies the health and strength of the industry when you see a company pay that much for Pep Boys, which historically has been a laggard in the industry," Sterne Agee analyst Ali-Ahmad Faghri told IBD. Faghri follows several auto parts stocks, including O'Reilly and AutoZone, but not Pep Boys.
The industry's strength is the result of several dynamics, analysts say. One is the average age of cars on U.S. roads: a record 11.5 years, according to research firm IHS Automotive. Older cars require more of the replacement parts, maintenance and repair work that auto parts retailers provide.
The aging fleet has also put more vehicles on the road -- a record 250 million, according to Bloomberg. More cars lead to higher demand for auto parts and services.
Lower gas prices have been a boon as well. When consumers pay less for gas, they have an incentive to drive more, which increases demand for parts and services.
"Miles driven has been a critical growth driver -- we've seen a nice uptick there," Morningstar analyst Adam Fleck told IBD. "Consumers are increasing their miles driven, which increases the wear and tear on cars."
Do-It-For-Me Fuels Retailers
Meanwhile, a growing number of consumers are outsourcing maintenance and repair to auto parts retailers rather than doing it themselves. This Do-It-For-Me (DIFM) side of the business has provided an additional revenue stream for auto parts retailers, which used to rely almost exclusively on the Do-It-Yourself (DIY) market.
"We continue to see growth in the Do-It-For-Me market, which has been a major growth driver for these companies," Fleck said.
Finally, auto parts retailers -- unlike most other retailers -- have not been hurt by Amazon and other e-commerce sites. That's mainly because when someone needs an auto part, he or she doesn't like to wait around for it to arrive by mail.
"Given the focus of service and speed, online retailers like Amazon haven't disrupted the auto parts retailers," Faghri said.
These favorable trends have helped offset what is normally a headwind for auto parts retailers -- rising vehicle sales.
U.S. auto sales climbed to a seasonally adjusted annual rate of 18.2 million in September, the highest rate in more than a decade.
September was particularly strong because it included the full Labor Day weekend. Some experts expect the pace to slow in October, though the annual rate should still be the highest since before the Great Recession.
Last week, auto industry consultants J.D. Power and LMC Automotive raised their forecasts for 2015 auto sales to 17.3 million vehicles from 17.2 million.
And while more new cars on the road previously translated into less demand for replacement parts and maintenance services, previous conditions no longer prevail.
One thing that's different these days: older cars aren't being sent to the graveyard just because their owners are buying new ones. Instead, owners are trading their old cars in or selling them.
"You've seen this boom in new-car sales, and yet the average age (of cars) has continued to tick up," Fleck said. "Cars last longer than they used to, so there's a secular shift going on there. There's still a growing need for auto parts as the age continues to rise, and that's a big positive."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cheap gasoline prices, an increase in miles driven and an aging fleet of cars on the road have helped leading players such asO'Reilly Automotive ( ORLY ),AutoZone ( AZO ) andAdvance Auto Parts ( AAP ) maintain decent growth. F orget the current banner year for new-car sales -- auto parts retailers are forging ahead undaunted, benefitting from a host of favorable industry trends. This Do-It-For-Me (DIFM) side of the business has provided an additional revenue stream for auto parts retailers, which used to rely almost exclusively on the Do-It-Yourself (DIY) market.
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Cheap gasoline prices, an increase in miles driven and an aging fleet of cars on the road have helped leading players such asO'Reilly Automotive ( ORLY ),AutoZone ( AZO ) andAdvance Auto Parts ( AAP ) maintain decent growth. Older cars require more of the replacement parts, maintenance and repair work that auto parts retailers provide. These favorable trends have helped offset what is normally a headwind for auto parts retailers -- rising vehicle sales.
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Cheap gasoline prices, an increase in miles driven and an aging fleet of cars on the road have helped leading players such asO'Reilly Automotive ( ORLY ),AutoZone ( AZO ) andAdvance Auto Parts ( AAP ) maintain decent growth. Older cars require more of the replacement parts, maintenance and repair work that auto parts retailers provide. "Given the focus of service and speed, online retailers like Amazon haven't disrupted the auto parts retailers," Faghri said.
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Cheap gasoline prices, an increase in miles driven and an aging fleet of cars on the road have helped leading players such asO'Reilly Automotive ( ORLY ),AutoZone ( AZO ) andAdvance Auto Parts ( AAP ) maintain decent growth. Bridgestone will pay $15 a share in cash, a 23% premium over Pep Boys' Oct. 23 closing price. "It certainly signifies the health and strength of the industry when you see a company pay that much for Pep Boys, which historically has been a laggard in the industry," Sterne Agee analyst Ali-Ahmad Faghri told IBD.
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11741.0
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2015-10-16 00:00:00 UTC
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Penske Automotive Raises Dividend by 4.2%; Shares Rise
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AAP
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https://www.nasdaq.com/articles/penske-automotive-raises-dividend-by-4.2-shares-rise-2015-10-16
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Share price of Penske Automotive Group, Inc.PAG gained 2.12% to close at $50.59 on Oct 15, 2015 after the company announced an increase in its dividend. In order to boost shareholder value, Penske Automotive increased its quarterly cash dividend by 4.2% to 25 cents per share from the prior payout of 24 cents. The new dividend will be paid on Dec 1, to shareholders on record as of Nov 10, 2015.
Penske Automotive announced the dividend hike as it is confident of its overall business. The increased dividend implies an annual yield of 1.98%, based on the closing share price of $50.59 as of Oct 15.
Penske Automotive has a strong financial position which allows the company to focus on capital deployment. The company returned $78.5 million to its shareholders in the form of dividends or through share repurchases last year. In Jul 2015, Penske Automotive announced a 4.3% increase in its quarterly cash dividend to 24 cents per share from 23 cents paid earlier.
During the first half of 2015, Penske Automotive repurchased 439,383 shares at $50.07 per share for a total of $22 million. As of Jun 30, 2015, the company had $136 million remaining under its share repurchase authorization. During the first half of 2015, the company also repurchased 156,383 shares from employees for $8 million, at an average price of $51.05. The share repurchases and dividend hikes reflect the company's commitment toward enhancing shareholder returns.
Earnings Preview
Penske Automotive, which currently carries a Zacks Rank #2 (Buy), is set to report third-quarter 2015 results on Nov 4. In the trailing four quarters, it delivered average positive earnings surprise of 2.12%. The Zacks Consensus Estimate for the third quarter is pegged at $1.01 per share.
Stocks to Consider
Other favorably ranked automobile stocks include Advance Auto Parts Inc. AAP , O'Reilly Automotive Inc. ORLY and Superior Industries International, Inc. SUP , all carrying a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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PENSKE AUTO GRP (PAG): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
SUPERIOR INDS (SUP): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Other favorably ranked automobile stocks include Advance Auto Parts Inc. AAP , O'Reilly Automotive Inc. ORLY and Superior Industries International, Inc. SUP , all carrying a Zacks Rank #2. Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Share price of Penske Automotive Group, Inc.PAG gained 2.12% to close at $50.59 on Oct 15, 2015 after the company announced an increase in its dividend.
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Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Other favorably ranked automobile stocks include Advance Auto Parts Inc. AAP , O'Reilly Automotive Inc. ORLY and Superior Industries International, Inc. SUP , all carrying a Zacks Rank #2. In order to boost shareholder value, Penske Automotive increased its quarterly cash dividend by 4.2% to 25 cents per share from the prior payout of 24 cents.
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Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Other favorably ranked automobile stocks include Advance Auto Parts Inc. AAP , O'Reilly Automotive Inc. ORLY and Superior Industries International, Inc. SUP , all carrying a Zacks Rank #2. In order to boost shareholder value, Penske Automotive increased its quarterly cash dividend by 4.2% to 25 cents per share from the prior payout of 24 cents.
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Stocks to Consider Other favorably ranked automobile stocks include Advance Auto Parts Inc. AAP , O'Reilly Automotive Inc. ORLY and Superior Industries International, Inc. SUP , all carrying a Zacks Rank #2. Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Share price of Penske Automotive Group, Inc.PAG gained 2.12% to close at $50.59 on Oct 15, 2015 after the company announced an increase in its dividend.
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11742.0
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2015-10-16 00:00:00 UTC
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Winnebago's (WGO) Q4 Earnings Miss Estimates, Decline Y/Y
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AAP
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https://www.nasdaq.com/articles/winnebagos-wgo-q4-earnings-miss-estimates-decline-y-y-2015-10-16
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Winnebago Industries, Inc.WGO recorded earnings of 43 cents per share in the fourth quarter of fiscal 2015 (ended Aug 29, 2015), down from 48 cents earned in the prior-year quarter. Also, the figure missed the Zacks Consensus Estimate of 47 cents. Net income dropped 9.3% to $11.7 million from $12.9 million in the year-ago quarter.
Winnebago Industries Inc. - Earnings Surprise | FindTheBest
Revenues for the fourth quarter grew 2.1% to $251 million from $245.9 million in the year-ago quarter. However, the figure fell short of the Zacks Consensus Estimate of $263 million. The year-over-year growth in revenues was driven by improved towables revenues.
Revenues from the towables segment increased 36.7%, backed by a 26.3% rise in average selling price and a 7.5% improvement in unit volume. Unit shipments from motorhome were flat year over year. In fourth-quarter fiscal 2015, motorhome retail registrations rose 28%, while towable retail registrations increased 21%.
Operating profit for the reported quarter decreased to $16.9 million from $18.3 million in the prior-year quarter. Gross profit dropped 2.3% to $28.1 million or 11.2% of sales from $28.7 million or 11.7% of sales in the year-ago quarter. The year-over-year decline in gross margin was due to unfavorable trends in warranty expense, the establishment of a warranty recall reserve and costs related to motorized manufacturing inefficiencies.
Fiscal 2015 Performance
Winnebago reported a 7.3% year-over-year decrease in earnings to $1.52 per share for fiscal 2015 that missed the Zacks Consensus Estimate of $1.58.
Revenues for fiscal 2015 rose 3.3% to roughly $976.5 million from $945.2 million in fiscal 2014, falling short of the Zacks Consensus Estimate of $989 million.
Financial Position
Winnebago had cash and cash equivalents of $70.2 million as of Aug 29, 2015, compared with $57.8 million as of Aug 30, 2014.
In fiscal 2015, Winnebago's cash flow from operations stood at $45.2 million, rising from $23.2 million in the year-ago period. Capital expenditure increased to $16.6 million from $8.1 million in fiscal 2014.
Dividend
On Oct 14, 2015, the board of directors of Winnebago approved an 11% increase in its quarterly dividend to 10 cents per share. The dividend will be paid on Nov 25, to stockholders on record as of Nov 11, 2015.
Zacks Rank
Winnebago currently carries a Zacks Rank #4 (Sell). Better-ranked stocks in the same industry include Advance Auto Parts Inc. AAP , O'Reilly Automotive Inc. ORLY and Superior Industries International, Inc. SUP , all carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WINNEBAGO (WGO): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
SUPERIOR INDS (SUP): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the same industry include Advance Auto Parts Inc. AAP , O'Reilly Automotive Inc. ORLY and Superior Industries International, Inc. SUP , all carrying a Zacks Rank #2 (Buy). Click to get this free report WINNEBAGO (WGO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues from the towables segment increased 36.7%, backed by a 26.3% rise in average selling price and a 7.5% improvement in unit volume.
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Click to get this free report WINNEBAGO (WGO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same industry include Advance Auto Parts Inc. AAP , O'Reilly Automotive Inc. ORLY and Superior Industries International, Inc. SUP , all carrying a Zacks Rank #2 (Buy). Winnebago Industries, Inc.WGO recorded earnings of 43 cents per share in the fourth quarter of fiscal 2015 (ended Aug 29, 2015), down from 48 cents earned in the prior-year quarter.
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Click to get this free report WINNEBAGO (WGO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same industry include Advance Auto Parts Inc. AAP , O'Reilly Automotive Inc. ORLY and Superior Industries International, Inc. SUP , all carrying a Zacks Rank #2 (Buy). Revenues for fiscal 2015 rose 3.3% to roughly $976.5 million from $945.2 million in fiscal 2014, falling short of the Zacks Consensus Estimate of $989 million.
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Better-ranked stocks in the same industry include Advance Auto Parts Inc. AAP , O'Reilly Automotive Inc. ORLY and Superior Industries International, Inc. SUP , all carrying a Zacks Rank #2 (Buy). Click to get this free report WINNEBAGO (WGO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Winnebago Industries Inc. - Earnings Surprise | FindTheBest Revenues for the fourth quarter grew 2.1% to $251 million from $245.9 million in the year-ago quarter.
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11743.0
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2015-10-15 00:00:00 UTC
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Will Genuine Parts (GPC) Disappoint Q3 Earnings Estimates?
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AAP
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https://www.nasdaq.com/articles/will-genuine-parts-gpc-disappoint-q3-earnings-estimates-2015-10-15
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Genuine Parts CompanyGPC is set to report third-quarter 2015 results on Oct 19. In the last quarter, the company had posted a negative earnings surprise of 3.03%. Let us see how things are shaping up for this announcement.
Factors Influencing this Quarter
Genuine Parts has undertaken various initiatives to boost sales and earnings, such as product line expansion, penetration into new markets and cost-saving activities. The company relies on a diverse product portfolio for top- and bottom-line growth. Moreover, the recent acquisitions, including those of JAL Associate and Miller Bearing, should drive sales. Also, acquisitions under the Automotive and Electrical segments should augment revenues in the third quarter.
However, Genuine Parts expects to face challenges in the Electrical/Electronic Materials segment in 2015 owing to the strengthening of the U.S. dollar that will likely impact exports and also lead to deflation in copper pricing.
Earnings Whispers
Our proven model does not conclusively show that Genuine Parts is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here, as you will see below:
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is currently pegged at -0.81%. This is because the Most Accurate estimate stands at $1.22, while the Zacks Consensus Estimate is pegged at $1.23.
Zacks Rank: Genuine Parts carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Advance Auto Parts Inc. AAP has an Earnings ESP of +1.94% and a Zacks Rank #2 (Buy). The company's third-quarter 2015 financial results are scheduled for release on Nov 12.
General Motors Company GM has an Earnings ESP of +1.74% and a Zacks Rank #3 (Hold). The company is expected to report third-quarter 2015 results on Oct 21.
American Axle & Manufacturing Holdings Inc. AXL has an Earnings ESP of +5.88% and a Zacks Rank #3 (Strong Buy). The company is expected to release third-quarter 2015 earnings results on Oct 30.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AMER AXLE & MFG (AXL): Free Stock Analysis Report
GENUINE PARTS (GPC): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter: Advance Auto Parts Inc. AAP has an Earnings ESP of +1.94% and a Zacks Rank #2 (Buy). Click to get this free report AMER AXLE & MFG (AXL): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. Factors Influencing this Quarter Genuine Parts has undertaken various initiatives to boost sales and earnings, such as product line expansion, penetration into new markets and cost-saving activities.
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Stocks to Consider Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter: Advance Auto Parts Inc. AAP has an Earnings ESP of +1.94% and a Zacks Rank #2 (Buy). Click to get this free report AMER AXLE & MFG (AXL): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. General Motors Company GM has an Earnings ESP of +1.74% and a Zacks Rank #3 (Hold).
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Stocks to Consider Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter: Advance Auto Parts Inc. AAP has an Earnings ESP of +1.94% and a Zacks Rank #2 (Buy). Click to get this free report AMER AXLE & MFG (AXL): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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Stocks to Consider Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter: Advance Auto Parts Inc. AAP has an Earnings ESP of +1.94% and a Zacks Rank #2 (Buy). Click to get this free report AMER AXLE & MFG (AXL): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report To read this article on Zacks.com click here. We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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11744.0
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2015-10-15 00:00:00 UTC
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Auto Stock Roundup: Volkswagen Aims to Reposition, Tesla Adds Autopilot
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-volkswagen-aims-to-reposition-tesla-adds-autopilot-2015-10-15
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Volkswagen AG VLKAY has announced several strategies to reposition itself following the emission scandal. Meanwhile, Tesla Motors, Inc. TSLA has finally released a software update that adds autopilot features to its vehicles. Ford Motor Co. F announced plans to invest $1.8 billion in China over the next five years, while Toyota Motor Corp. TM revealed its long-term plans related to alternate fuel vehicles and emission control. Meanwhile, Honda Motor Co., Ltd. HMC revealed that it has replaced the airbags in 38.6% of the vehicles recalled for defective Takata airbag inflators in the U.S.
(Read last to last week's recap here: Auto Stock Roundup for Oct 8, 2015 )
Recap of the Week's Most Important Stories
1. In the wake of the emission scandal, Volkswagen's board has decided to take several steps to reposition the company. Volkswagen will reduce its investment by 1 billion euros ($1.1 billion) per year and accelerate its efficiency program. The company will also change its diesel strategy and use only diesel drives with SCR and AdBlue technology in Europe and North America. Further, Volkswagen will develop an MEB electric toolkit for use in the compact segment vehicles and redefine the Phaeton to make it a pure electric car.
2. Tesla released the Version 7.0 software in North America, thus adding several autopilot features to the Model S vehicles fitted with necessary hardware. This will allow the vehicle to steer within a lane; change lanes by tapping a turn signal; manage speed by using traffic-aware cruise control; and digitally control motors, brakes, and steering to avoid collision from the front and sides. Additionally, the software will prevent the car from drifting off the road. The vehicle will also be able to scan for a parking space and parallel park on command.
3. Unfazed by the recent weakness in the Chinese market, Ford is planning to augment its investment in the nation to secure a higher market share. The company will invest nearly 11.4 billion yuan ($1.8 billion) for research and development in China over the next five years. Ford will also expand its portfolio of hybrid, plug-in hybrid and electric vehicles in the nation over the next few years. Next year, it will launch the C-MAX Energi, a plug-in hybrid, and the Mondeo conventional hybrid in China (read more: Ford to Increase Investment in China to Gain Market Share ).
4. By 2050, Toyota plans to reduce average emission from its vehicles by 90% from the 2010 level. The automaker is targeting annual sales of 30,000 fuel cell vehicles by 2020. Further, Toyota expects most of its vehicles to be electric cars, fuel cell-powered cars and other alternative vehicles by 2050.
5. Honda announced that it has replaced over 3.5 million defective Takata inflators as of Oct 5. This amounts to 38.6% of the vehicles recalled in the U.S.
Performance
Most auto stocks recorded losses over the week, led by Tesla that suffered a 6.5% loss. Ford and General Motors Company GM were the only stocks to record gains among the stocks listed below.
Meanwhile, Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Toyota emerged as the worst performer.
What's Next in the Auto Space?
Winnebago Industries, Inc., Harley-Davidson, General Motors and Lear Corp. will report their financial results over the next week.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
FORD MOTOR CO (F): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Toyota emerged as the worst performer. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Tesla Motors, Inc. TSLA has finally released a software update that adds autopilot features to its vehicles.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Toyota emerged as the worst performer. Ford Motor Co. F announced plans to invest $1.8 billion in China over the next five years, while Toyota Motor Corp. TM revealed its long-term plans related to alternate fuel vehicles and emission control.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Toyota emerged as the worst performer. Ford Motor Co. F announced plans to invest $1.8 billion in China over the next five years, while Toyota Motor Corp. TM revealed its long-term plans related to alternate fuel vehicles and emission control.
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Meanwhile, Advance Auto Parts Inc. AAP was yet again the biggest gainer over the last six-month period, while Toyota emerged as the worst performer. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Ford Motor Co. F announced plans to invest $1.8 billion in China over the next five years, while Toyota Motor Corp. TM revealed its long-term plans related to alternate fuel vehicles and emission control.
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11745.0
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2015-10-14 00:00:00 UTC
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Zacks Investment Ideas feature highlights: Advance Auto Parts, Chemtura, Cintas, Juniper Networks and MaxLinear
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AAP
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-advance-auto-parts-chemtura-cintas-juniper
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nan
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nan
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For Immediate Release
Chicago, IL- October 14, 2015 - Today, Zacks Investment Ideas feature highlights Features: Advance Auto Parts (AAP), Chemtura (CHMT), Cintas (CTAS), Juniper Networks (JNPR) and MaxLinear (MXL).
5 Buys to Crush Stock Market Bears
Gloom and doom are dominating the headlines even as the S&P 500 continues to park itself above the 2,000 mark. I've seen "Worst-to-first stocks may signal only a bear bounce" along with "Three reasons stocks won't rally in the fourth quarter" as well as "Super Crash theory says you shouldn't be chasing these gains." And that's only one website.
One thing I do want to point out is that these headlines aren't out here fear-mongering. They're less about shocking you into clicking and more about keeping one eye on the market at all times. They're all telling us to be careful this time around. I'm getting the feeling that that's the temperature most of the market is running right now. We're cautious with only a small pinch of optimism in some camps, while the bears and out there looking for any reason for the market to let loose.
Click "FOLLOW THE AUTHOR" above for free stock picks!!! And Twitter@bartosiastics
News flash people. I've got 15 stocks that have popped up on my breakout screen today. When the market is falling apart, I don't get 15 stocks on the radar, I get one or two tops. That tells me there are plenty of pockets of this market that are taking off and looking to hit new highs. Below I've given you five great stock ideas that are breaking out to new highs on momentum right here.
Advance Auto Parts (AAP)
Advance Auto Parts, Inc., the largest automotive aftermarket parts provider in North America, serves both the professional installer and do-it-yourself customers. Advance operates over 5,200 stores, over 100 Worldpac branches and serves approximately 1,300 independently owned Carquest branded stores in the United States, Puerto Rico, the U.S. Virgin Islands and Canada.
Shares of Advance auto have led the charge since bottomed out in April near $140. The August volatility pulled shares down from what was then a 52-week high over $190. The rough market in September saw the stock trade in the $170s yet it still maintained a bullish tilt by trading above its 50-day moving average for most of the month. Killer earnings helped shares spike up to new highs where it sits today, a few percentage points shy of $200.
Click "FOLLOW THE AUTHOR" above for free stock picks!!! And Twitter@bartosiastics
Chemtura (CHMT)
Chemtura is a global specialty chemicals company with leading positions in diversified markets. They build the chemistry that makes other products more durable, safer, cleaner and more efficient. Major industries served include transportation, building & construction, and energy & electronics. They are committed to global sustainability and engineering chemical solutions that meet their customers' evolving needs.
This stock has been butting up against resistance at the 52-week just below $31 for the last week or so. An overbought commodity channel index came down a tick as shares retreated from the highs to support just below $30. That level held for CHMT, giving us very bullish footing here. All it will take is a hint of good news and this stock will be making new highs.
Click "FOLLOW THE AUTHOR" above for free stock picks!!! And Twitter@bartosiastics
Cintas (CTAS)
Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. Its Rental Uniforms and Ancillary Products segment rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services.
While a few of these other charts have been setting up for a breakout, shares of CTAS are breaking out right now. The top just below $90 was met with a week of heavy selling in late August that tested the bottom end of the range for most of the year down near $80. Buyers stepped in and have since pushed shares on through to new highs above $91. The $100 level is the next target in the short term.
Click "FOLLOW THE AUTHOR" above for free stock picks!!! And Twitter@bartosiastics
Juniper Networks (JNPR)
Juniper Networks Inc. is a provider of Internet infrastructure solutions that enable Internet service providers and other telecommunications service providers to meet the demands resulting from the rapid growth of the Internet. The company delivers next generation Internet backbone routers that are specifically designed, or purpose-built, for service provider networks and offer our customers increased reliability, performance, scalability, interoperability and flexibility, and reduced complexity and cost compared to current alternatives.
It seems like Juniper shares don't like to stay in one place for any extended period of time. Save for a month long consolidation in September shares have either been rallying or retracing all year long. The latest rally this month through the highs to just below $30 may be stalling out here a little bit. With the CCI coming back from 300 to 112, I think I'd wait a day or two and try to get a fill closer to $29 even.
Click "FOLLOW THE AUTHOR" above for free stock picks!!! And Twitter@bartosiastics
MaxLinear (MXL)
MaxLinear, Inc. is a provider of highly integrated, radio-frequency analog and mixed-signal semiconductor solutions for broadband communications applications. Their high-performance radio-frequency (RF) receiver products capture, decode, and process digital and analog broadband signals within various cable, satellite, and over-the-air applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate their highly integrated radio system architecture and the functionality necessary to demodulate broadband signals.
This may be the best chart of the bunch. After a steady run from late 2014 to June of this year, shares of MXL retraced down to a key Fibonacci retracement level in August. Finding buyers and bouncing there, this next leg higher approaches the previous peak. A breakout here would mean a potential intermediate price target above $18. You do have to be careful of a reversal at these levels as well though with the CCI nearing 200.
Click "FOLLOW THE AUTHOR" above for free stock picks!!! And Twitter@bartosiastics
Bottom Line
Don't believe the hype. Sure there's plenty to be worried about in this market but that's because there's plenty to be worried about in every market. Analysis paralysis will only leave you with money on the sidelines missing out on the action. Using the Zacks Rank and Style Scores you can uncover great stock ideas each and every day.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today . Find out What is happening in the stock market today on zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
CHEMTURA CORP (CHMT): Free Stock Analysis Report
CINTAS CORP (CTAS): Free Stock Analysis Report
JUNIPER NETWRKS (JNPR): Free Stock Analysis Report
MAXLINEAR INC-A (MXL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL- October 14, 2015 - Today, Zacks Investment Ideas feature highlights Features: Advance Auto Parts (AAP), Chemtura (CHMT), Cintas (CTAS), Juniper Networks (JNPR) and MaxLinear (MXL). Advance Auto Parts (AAP) Advance Auto Parts, Inc., the largest automotive aftermarket parts provider in North America, serves both the professional installer and do-it-yourself customers. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CHEMTURA CORP (CHMT): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report JUNIPER NETWRKS (JNPR): Free Stock Analysis Report MAXLINEAR INC-A (MXL): Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL- October 14, 2015 - Today, Zacks Investment Ideas feature highlights Features: Advance Auto Parts (AAP), Chemtura (CHMT), Cintas (CTAS), Juniper Networks (JNPR) and MaxLinear (MXL). Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CHEMTURA CORP (CHMT): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report JUNIPER NETWRKS (JNPR): Free Stock Analysis Report MAXLINEAR INC-A (MXL): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts (AAP) Advance Auto Parts, Inc., the largest automotive aftermarket parts provider in North America, serves both the professional installer and do-it-yourself customers.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CHEMTURA CORP (CHMT): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report JUNIPER NETWRKS (JNPR): Free Stock Analysis Report MAXLINEAR INC-A (MXL): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL- October 14, 2015 - Today, Zacks Investment Ideas feature highlights Features: Advance Auto Parts (AAP), Chemtura (CHMT), Cintas (CTAS), Juniper Networks (JNPR) and MaxLinear (MXL). Advance Auto Parts (AAP) Advance Auto Parts, Inc., the largest automotive aftermarket parts provider in North America, serves both the professional installer and do-it-yourself customers.
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For Immediate Release Chicago, IL- October 14, 2015 - Today, Zacks Investment Ideas feature highlights Features: Advance Auto Parts (AAP), Chemtura (CHMT), Cintas (CTAS), Juniper Networks (JNPR) and MaxLinear (MXL). Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CHEMTURA CORP (CHMT): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report JUNIPER NETWRKS (JNPR): Free Stock Analysis Report MAXLINEAR INC-A (MXL): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts (AAP) Advance Auto Parts, Inc., the largest automotive aftermarket parts provider in North America, serves both the professional installer and do-it-yourself customers.
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11746.0
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2015-10-13 00:00:00 UTC
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5 Buys to Crush Stock Market Bears
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AAP
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https://www.nasdaq.com/articles/5-buys-crush-stock-market-bears-2015-10-13
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nan
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nan
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Gloom and doom are dominating the headlines even as the S&P 500 continues to park itself above the 2,000 mark. I've seen "Worst-to-first stocks may signal only a bear bounce" along with "Three reasons stocks won't rally in the fourth quarter" as well as "Super Crash theory says you shouldn't be chasing these gains." And that's only one website.
One thing I do want to point out is that these headlines aren't out here fear-mongering. They're less about shocking you into clicking and more about keeping one eye on the market at all times. They're all telling us to be careful this time around. I'm getting the feeling that that's the temperature most of the market is running right now. We're cautious with only a small pinch of optimism in some camps, while the bears and out there looking for any reason for the market to let loose.
Click "FOLLOW THE AUTHOR" above for free stock picks!!! And Twitter @bartosiastics
News flash people. I've got 15 stocks that have popped up on my breakout screen today. When the market is falling apart, I don't get 15 stocks on the radar, I get one or two tops. That tells me there are plenty of pockets of this market that are taking off and looking to hit new highs. Below I've given you five great stock ideas that are breaking out to new highs on momentum right here.
Advance Auto Parts ( AAP )
Advance Auto Parts, Inc., the largest automotive aftermarket parts provider in North America, serves both the professional installer and do-it-yourself customers. Advance operates over 5,200 stores, over 100 Worldpac branches and serves approximately 1,300 independently owned Carquest branded stores in the United States, Puerto Rico, the U.S. Virgin Islands and Canada.
Shares of Advance auto have led the charge since bottomed out in April near $140. The August volatility pulled shares down from what was then a 52-week high over $190. The rough market in September saw the stock trade in the $170s yet it still maintained a bullish tilt by trading above its 50-day moving average for most of the month. Killer earnings helped shares spike up to new highs where it sits today, a few percentage points shy of $200.
Click "FOLLOW THE AUTHOR" above for free stock picks!!! And Twitter @bartosiastics
Chemtura ( CHMT )
Chemtura is a global specialty chemicals company with leading positions in diversified markets. They build the chemistry that makes other products more durable, safer, cleaner and more efficient. Major industries served include transportation, building & construction, and energy & electronics. They are committed to global sustainability and engineering chemical solutions that meet their customers' evolving needs.
This stock has been butting up against resistance at the 52-week just below $31 for the last week or so. An overbought commodity channel index came down a tick as shares retreated from the highs to support just below $30. That level held for CHMT, giving us very bullish footing here. All it will take is a hint of good news and this stock will be making new highs.
Click "FOLLOW THE AUTHOR" above for free stock picks!!! And Twitter @bartosiastics
Cintas ( CTAS )
Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. Its Rental Uniforms and Ancillary Products segment rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services.
While a few of these other charts have been setting up for a breakout, shares of CTAS are breaking out right now. The top just below $90 was met with a week of heavy selling in late August that tested the bottom end of the range for most of the year down near $80. Buyers stepped in and have since pushed shares on through to new highs above $91. The $100 level is the next target in the short term.
Click "FOLLOW THE AUTHOR" above for free stock picks!!! And Twitter @bartosiastics
Juniper Networks ( JNPR )
Juniper Networks Inc. is a provider of Internet infrastructure solutions that enable Internet service providers and other telecommunications service providers to meet the demands resulting from the rapid growth of the Internet. The company delivers next generation Internet backbone routers that are specifically designed, or purpose-built, for service provider networks and offer our customers increased reliability, performance, scalability, interoperability and flexibility, and reduced complexity and cost compared to current alternatives.
It seems like Juniper shares don't like to stay in one place for any extended period of time. Save for a month long consolidation in September shares have either been rallying or retracing all year long. The latest rally this month through the highs to just below $30 may be stalling out here a little bit. With the CCI coming back from 300 to 112, I think I'd wait a day or two and try to get a fill closer to $29 even.
Click "FOLLOW THE AUTHOR" above for free stock picks!!! And Twitter @bartosiastics
MaxLinear ( MXL )
MaxLinear, Inc. is a provider of highly integrated, radio-frequency analog and mixed-signal semiconductor solutions for broadband communications applications. Their high-performance radio-frequency (RF) receiver products capture, decode, and process digital and analog broadband signals within various cable, satellite, and over-the-air applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate their highly integrated radio system architecture and the functionality necessary to demodulate broadband signals.
This may be the best chart of the bunch. After a steady run from late 2014 to June of this year, shares of MXL retraced down to a key Fibonacci retracement level in August. Finding buyers and bouncing there, this next leg higher approaches the previous peak. A breakout here would mean a potential intermediate price target above $18. You do have to be careful of a reversal at these levels as well though with the CCI nearing 200.
Click "FOLLOW THE AUTHOR" above for free stock picks!!! And Twitter @bartosiastics
Bottom Line
Don't believe the hype. Sure there's plenty to be worried about in this market but that's because there's plenty to be worried about in every market. Analysis paralysis will only leave you with money on the sidelines missing out on the action. Using the Zacks Rank and Style Scores you can uncover great stock ideas each and every day.
Be sure to click FOLLOW THE AUTHOR above to stay on top of all the hot momentum stocks at Zacks.com. David Bartosiak is the Momentum Stock Strategist with Zacks, editor of the Momentum Trader and Home Run Investor, and host of "Trending Stocks"
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MAXLINEAR INC-A (MXL): Free Stock Analysis Report
JUNIPER NETWRKS (JNPR): Free Stock Analysis Report
CINTAS CORP (CTAS): Free Stock Analysis Report
CHEMTURA CORP (CHMT): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts ( AAP ) Advance Auto Parts, Inc., the largest automotive aftermarket parts provider in North America, serves both the professional installer and do-it-yourself customers. Click to get this free report MAXLINEAR INC-A (MXL): Free Stock Analysis Report JUNIPER NETWRKS (JNPR): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report CHEMTURA CORP (CHMT): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. The top just below $90 was met with a week of heavy selling in late August that tested the bottom end of the range for most of the year down near $80.
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Click to get this free report MAXLINEAR INC-A (MXL): Free Stock Analysis Report JUNIPER NETWRKS (JNPR): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report CHEMTURA CORP (CHMT): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts ( AAP ) Advance Auto Parts, Inc., the largest automotive aftermarket parts provider in North America, serves both the professional installer and do-it-yourself customers. And Twitter @bartosiastics Cintas ( CTAS ) Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia.
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Click to get this free report MAXLINEAR INC-A (MXL): Free Stock Analysis Report JUNIPER NETWRKS (JNPR): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report CHEMTURA CORP (CHMT): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts ( AAP ) Advance Auto Parts, Inc., the largest automotive aftermarket parts provider in North America, serves both the professional installer and do-it-yourself customers. I've seen "Worst-to-first stocks may signal only a bear bounce" along with "Three reasons stocks won't rally in the fourth quarter" as well as "Super Crash theory says you shouldn't be chasing these gains."
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Advance Auto Parts ( AAP ) Advance Auto Parts, Inc., the largest automotive aftermarket parts provider in North America, serves both the professional installer and do-it-yourself customers. Click to get this free report MAXLINEAR INC-A (MXL): Free Stock Analysis Report JUNIPER NETWRKS (JNPR): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report CHEMTURA CORP (CHMT): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. And Twitter @bartosiastics MaxLinear ( MXL ) MaxLinear, Inc. is a provider of highly integrated, radio-frequency analog and mixed-signal semiconductor solutions for broadband communications applications.
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11747.0
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2015-10-08 00:00:00 UTC
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AutoZone Boosts Share Buyback Authorization by $750M
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AAP
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https://www.nasdaq.com/articles/autozone-boosts-share-buyback-authorization-by-%24750m-2015-10-08
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nan
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nan
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AutoZone, Inc.AZO announced that its board of directors has increased its share repurchase authorization by $750 million. Including this new authorization, the company's board has authorized a total of $16.4 billion for buying back shares since 1998.
AutoZone remains focused on enhancing shareholder returns, while simultaneously maintaining adequate liquidity for its business strategies. The company has enough liquidity to repurchase shares without compromising on financial strength and therefore, the credit ratings.
AutoZone had cash and cash equivalents of $175.3 million as of Aug 29, 2015, up from $124.5 million as of Aug 30, 2014. During fiscal 2015, AutoZone generated net cash flow of $1.02 billion before share repurchases and changes in debt as against $924.7 million in fiscal 2014.
AutoZone's strong cash flows help it to aggressively buy back shares. In Mar 2015, the company had increased its share repurchase authorization by another $750 million.
In fiscal 2015, AutoZone repurchased 2 million shares for $1.3 million. The company had shares worth $348 million remaining for repurchase as of Aug 29, 2015.
Zacks Rank
Currently, AutoZone carries a Zacks Rank #3 (Hold). Better-ranked auto stocks include Pep Boys - Manny, Moe & Jack PBY , U.S. Auto Parts Network, Inc. PRTS and Advance Auto Parts Inc. AAP . While Pep Boys and U.S. Auto Parts sport a Zacks Rank #1 (Strong Buy), Advance Auto Parts carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
PEP BOYS M M &J (PBY): Free Stock Analysis Report
US AUTO PARTS (PRTS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked auto stocks include Pep Boys - Manny, Moe & Jack PBY , U.S. Auto Parts Network, Inc. PRTS and Advance Auto Parts Inc. AAP . Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. AutoZone, Inc.AZO announced that its board of directors has increased its share repurchase authorization by $750 million.
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Better-ranked auto stocks include Pep Boys - Manny, Moe & Jack PBY , U.S. Auto Parts Network, Inc. PRTS and Advance Auto Parts Inc. AAP . Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. While Pep Boys and U.S. Auto Parts sport a Zacks Rank #1 (Strong Buy), Advance Auto Parts carries a Zacks Rank #2 (Buy).
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked auto stocks include Pep Boys - Manny, Moe & Jack PBY , U.S. Auto Parts Network, Inc. PRTS and Advance Auto Parts Inc. AAP . In fiscal 2015, AutoZone repurchased 2 million shares for $1.3 million.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked auto stocks include Pep Boys - Manny, Moe & Jack PBY , U.S. Auto Parts Network, Inc. PRTS and Advance Auto Parts Inc. AAP . The company had shares worth $348 million remaining for repurchase as of Aug 29, 2015.
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11748.0
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2015-10-05 00:00:00 UTC
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3 Reasons Momentum Stock Investors Will Love Advance Auto Parts (AAP)
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AAP
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https://www.nasdaq.com/articles/3-reasons-momentum-stock-investors-will-love-advance-auto-parts-aap-2015-10-05
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nan
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nan
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Many investors like to look for momentum in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for momentum investors in the near term.
This method discovered several great candidates for momentum-oriented investors, but today let's focus in on Advance Auto Parts Inc.AAP as this stock is looking especially impressive right now. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for AAP's status as a solid momentum stock below:
Longer Term Price Change for Advance Auto Parts
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. That is why looking at longer term price metrics - such as performance over the past three months or year - and comparing these to an industry at large can be very useful.
And in the case of AAP, the results are quite impressive. The company has beaten out the industry at large over the past 12 weeks by a margin of 18.5% to 0%, while it has also outperformed when looking at the past year, putting up a gain of 44.4%. Clearly, AAP is riding a bit of a hot streak and is worth a closer look by investors.
Fiscal Year EPS Estimate Change for AAP
In addition to price performance, it is also important to take a look at earnings estimate changes for the full year. This can show if AAP is poised to make a run based on fundamentals, or if the company is simply moving on speculation.
Over the past week, the full year earnings estimate for AAP has risen by 0.05%. On its own this is impressive, but consider that it beats the industry average of 0% too. The trend is undeniably in Advance Auto Parts' favor right now, and it suggests that the momentum might be long lasting for this stock.
AAP Earnings Estimate Revisions Moving in the Right Direction
While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends. A nice path here can really help to show us a promising stock, and we have actually been seeing that with AAP as of late too.
Over the past two months, 6 earnings estimate has gone higher compared to two lower for the full year, while we are also seeing that 12 estimates have moved upwards with no downward revision for the next year time frame too. These revisions have helped to boost the consensus estimate, as two months ago, AAP was expected to post earnings of $8.25 share for the full year, though today it looks to have EPS of $8.27 for the full year now, representing a solid increase which is something that should definitely be welcomed news to would-be investors.
Bottom Line
Given these factors, investors shouldn't be surprised to note that we have AAP as a security with a Zacks Rank #2 (Buy) and a Momentum Score of 'B'. So if you are looking for a fresh pick that has potential to move in the right direction, definitely keep AAP on your short list as this looks be a stock that is very well-positioned to soar in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This method discovered several great candidates for momentum-oriented investors, but today let's focus in on Advance Auto Parts Inc.AAP as this stock is looking especially impressive right now. Bottom Line Given these factors, investors shouldn't be surprised to note that we have AAP as a security with a Zacks Rank #2 (Buy) and a Momentum Score of 'B'. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for AAP's status as a solid momentum stock below: Longer Term Price Change for Advance Auto Parts While any stock can see a spike in price, it takes a real winner to consistently outperform the market.
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And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for AAP's status as a solid momentum stock below: Longer Term Price Change for Advance Auto Parts While any stock can see a spike in price, it takes a real winner to consistently outperform the market. AAP Earnings Estimate Revisions Moving in the Right Direction While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here.
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And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for AAP's status as a solid momentum stock below: Longer Term Price Change for Advance Auto Parts While any stock can see a spike in price, it takes a real winner to consistently outperform the market. AAP Earnings Estimate Revisions Moving in the Right Direction While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends. These revisions have helped to boost the consensus estimate, as two months ago, AAP was expected to post earnings of $8.25 share for the full year, though today it looks to have EPS of $8.27 for the full year now, representing a solid increase which is something that should definitely be welcomed news to would-be investors.
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This method discovered several great candidates for momentum-oriented investors, but today let's focus in on Advance Auto Parts Inc.AAP as this stock is looking especially impressive right now. AAP Earnings Estimate Revisions Moving in the Right Direction While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for AAP's status as a solid momentum stock below: Longer Term Price Change for Advance Auto Parts While any stock can see a spike in price, it takes a real winner to consistently outperform the market.
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11749.0
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2015-10-01 00:00:00 UTC
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Company News for October 01, 2015
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AAP
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https://www.nasdaq.com/articles/company-news-for-october-01-2015-2015-10-01
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nan
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nan
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• Twitter, Inc.'s ( TWTR ) shares gained 5.3% following news that the company may declare Jack Dorsey, a co-founder of Twitter, as its permanent CEO
• Shares of Chesapeake Energy Corporation ( CHK ) jumped 8% after announcing that it will reduce its entire workforce by 15% for better cost efficiency
• Ralph Lauren Corporation's ( RL ) surged 13.6% after the company named Stefan Larsson, president of The Gap, Inc.'s (GPS) Old Navy brand, as a new CEO, who will replace Ralph Lauren himself
• Shares of Advance Auto Parts Inc. ( AAP ) soared 11.1% on news that activist hedge fund Starboard Value has acquired a 3.7% stake in the company
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
TWITTER INC (TWTR): Free Stock Analysis Report
CHESAPEAKE ENGY (CHK): Free Stock Analysis Report
RALPH LAUREN CP (RL): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Twitter, Inc.'s ( TWTR ) shares gained 5.3% following news that the company may declare Jack Dorsey, a co-founder of Twitter, as its permanent CEO • Shares of Chesapeake Energy Corporation ( CHK ) jumped 8% after announcing that it will reduce its entire workforce by 15% for better cost efficiency • Ralph Lauren Corporation's ( RL ) surged 13.6% after the company named Stefan Larsson, president of The Gap, Inc.'s (GPS) Old Navy brand, as a new CEO, who will replace Ralph Lauren himself • Shares of Advance Auto Parts Inc. ( AAP ) soared 11.1% on news that activist hedge fund Starboard Value has acquired a 3.7% stake in the company Want the latest recommendations from Zacks Investment Research? Click to get this free report TWITTER INC (TWTR): Free Stock Analysis Report CHESAPEAKE ENGY (CHK): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Twitter, Inc.'s ( TWTR ) shares gained 5.3% following news that the company may declare Jack Dorsey, a co-founder of Twitter, as its permanent CEO • Shares of Chesapeake Energy Corporation ( CHK ) jumped 8% after announcing that it will reduce its entire workforce by 15% for better cost efficiency • Ralph Lauren Corporation's ( RL ) surged 13.6% after the company named Stefan Larsson, president of The Gap, Inc.'s (GPS) Old Navy brand, as a new CEO, who will replace Ralph Lauren himself • Shares of Advance Auto Parts Inc. ( AAP ) soared 11.1% on news that activist hedge fund Starboard Value has acquired a 3.7% stake in the company Want the latest recommendations from Zacks Investment Research? Click to get this free report TWITTER INC (TWTR): Free Stock Analysis Report CHESAPEAKE ENGY (CHK): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Twitter, Inc.'s ( TWTR ) shares gained 5.3% following news that the company may declare Jack Dorsey, a co-founder of Twitter, as its permanent CEO • Shares of Chesapeake Energy Corporation ( CHK ) jumped 8% after announcing that it will reduce its entire workforce by 15% for better cost efficiency • Ralph Lauren Corporation's ( RL ) surged 13.6% after the company named Stefan Larsson, president of The Gap, Inc.'s (GPS) Old Navy brand, as a new CEO, who will replace Ralph Lauren himself • Shares of Advance Auto Parts Inc. ( AAP ) soared 11.1% on news that activist hedge fund Starboard Value has acquired a 3.7% stake in the company Want the latest recommendations from Zacks Investment Research? Click to get this free report TWITTER INC (TWTR): Free Stock Analysis Report CHESAPEAKE ENGY (CHK): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Twitter, Inc.'s ( TWTR ) shares gained 5.3% following news that the company may declare Jack Dorsey, a co-founder of Twitter, as its permanent CEO • Shares of Chesapeake Energy Corporation ( CHK ) jumped 8% after announcing that it will reduce its entire workforce by 15% for better cost efficiency • Ralph Lauren Corporation's ( RL ) surged 13.6% after the company named Stefan Larsson, president of The Gap, Inc.'s (GPS) Old Navy brand, as a new CEO, who will replace Ralph Lauren himself • Shares of Advance Auto Parts Inc. ( AAP ) soared 11.1% on news that activist hedge fund Starboard Value has acquired a 3.7% stake in the company Want the latest recommendations from Zacks Investment Research? Click to get this free report TWITTER INC (TWTR): Free Stock Analysis Report CHESAPEAKE ENGY (CHK): Free Stock Analysis Report RALPH LAUREN CP (RL): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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11750.0
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2015-10-01 00:00:00 UTC
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Auto Stock Roundup: Tesla Impresses, VW Depresses
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-tesla-impresses-vw-depresses-2015-10-01
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nan
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nan
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The Volkswagen AG VLKAY scandal continued to dominate headlines in the auto sector last week as new details were revealed. In another negative turn of events, news surfaced that 7 more automakers may need to recall vehicles due to defective Takata airbags.
Meanwhile, Tesla Motors, Inc. TSLA delivered its much-hyped Model X to the first set of customers on Sep 29. The car boasts impressive features and is getting rave reviews. Further, General Motors Company GM announced a long-term agreement to develop medium-duty commercial vehicles, while Honda Motor Co., Ltd. HMC announced a $210 million investment in its Marysville Auto Plant.
(Read last week's recap here: Auto Stock Roundup for Sep 24, 2015. )
Recap of the Week's Most Important Stories
1. Volkswagen was aware of the software issue long before it came to the limelight, according to sources. In 2011, technicians at the company had warned about the illegal emission practices. However, no action was taken. In addition, through internal investigation, Volkswagen found a letter from parts' supplier Bosch that mentioned the illegal software use (read more: Was Volkswagen Staff Aware of the Emission Test Fraud? ).
Further, the Italian unit of Volkswagen has stopped selling vehicles which feature Euro 5, EA 189 motor. Even the company's Dutch dealers have stopped selling diesel vehicles with the Euro 5, EA 189 motor following the software scandal. Meanwhile, France has joined the list of countries investigating Volkswagen's emission levels.
2. Tesla has finally started deliveries of the long-awaited Model X. CEO Elon Musk hosted a launch event at the company's Fremont plant to mark the first six deliveries. According to Musk, it is the first SUV to obtain a five-star safety rating in every category.
The all-wheel-drive Model X offers falcon wing rear doors with built-in sensors as a standard feature. It is equipped with a medical grade HEPA filter that eliminates all pollen, bacteria, viruses and pollution in the air before flowing it through the car. It even has a bioweapon defense mode to protect occupants from a biohazard.
The vehicle has the largest windshield among all cars currently in production. Model X also offers automatic keyless entry, automatic emergency braking, parking sensors, blind-spot warning and side collision warning (read more: Tesla Model X Unveiled: What Investors Need to Know ).
3. U.S. regulators are considering the need as well as repercussions of adding seven more automakers to the list of companies requiring recalls for defective Takata airbags, per media reports. The concerned automakers are Tesla, Volkswagen, Daimler AG's DDAIF Mercedes-Benz, Tata Motors Limited's TTM Jaguar Land Rover, Suzuki Motor Corp., Volvo Trucks and Spartan Motors Inc.
Per the reports, Takata recently informed the National Highway Traffic Safety Administration ("NHTSA") that it supplies airbags with ammonium nitrate propellant to these automakers. The propellant is touted to be a likely reason for the malfunctioning of the airbags (read more: Will NHTSA Expand Recall of Vehicles with Takata Airbags? ).
4. General Motors and Navistar announced a long-term agreement to develop medium-duty class 4/5 commercial vehicles. The vehicles will be produced from 2018 at Navistar's facility in Springfield, OH. This will expand General Motors' Chevrolet commercial truck portfolio.
5. Honda revealed that it will invest $210 million in a new paint line at its Marysville Auto Plant. The construction of the paint line will start in Dec 2015 and should be completed by Dec 2017. The new paint facility will help to reduce the use of energy and water, as well as chemical emissions from the vehicle painting process.
Performance
Most auto stocks recorded losses over the week. Tesla lost the maximum value among the stocks listed below, while Advance Auto Parts Inc. AAP gained the most due to the 11.1% gain on Sep 30 following the report that Starboard Value has purchased a 3.7% stake in the company.
Meanwhile, Tesla remained the biggest gainer over the last six-month period and General Motors was the worst performer yet again.
What's Next in the Auto Space?
Later today, automakers will report their U.S. sales data for September.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HONDA MOTOR (HMC): Free Stock Analysis Report
DAIMLER AG (DDAIF): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
TATA MOTORS-ADR (TTM): Free Stock Analysis Report
VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Tesla lost the maximum value among the stocks listed below, while Advance Auto Parts Inc. AAP gained the most due to the 11.1% gain on Sep 30 following the report that Starboard Value has purchased a 3.7% stake in the company. Click to get this free report HONDA MOTOR (HMC): Free Stock Analysis Report DAIMLER AG (DDAIF): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. It is equipped with a medical grade HEPA filter that eliminates all pollen, bacteria, viruses and pollution in the air before flowing it through the car.
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Click to get this free report HONDA MOTOR (HMC): Free Stock Analysis Report DAIMLER AG (DDAIF): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Tesla lost the maximum value among the stocks listed below, while Advance Auto Parts Inc. AAP gained the most due to the 11.1% gain on Sep 30 following the report that Starboard Value has purchased a 3.7% stake in the company. Further, General Motors Company GM announced a long-term agreement to develop medium-duty commercial vehicles, while Honda Motor Co., Ltd. HMC announced a $210 million investment in its Marysville Auto Plant.
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Click to get this free report HONDA MOTOR (HMC): Free Stock Analysis Report DAIMLER AG (DDAIF): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Tesla lost the maximum value among the stocks listed below, while Advance Auto Parts Inc. AAP gained the most due to the 11.1% gain on Sep 30 following the report that Starboard Value has purchased a 3.7% stake in the company. Further, General Motors Company GM announced a long-term agreement to develop medium-duty commercial vehicles, while Honda Motor Co., Ltd. HMC announced a $210 million investment in its Marysville Auto Plant.
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Tesla lost the maximum value among the stocks listed below, while Advance Auto Parts Inc. AAP gained the most due to the 11.1% gain on Sep 30 following the report that Starboard Value has purchased a 3.7% stake in the company. Click to get this free report HONDA MOTOR (HMC): Free Stock Analysis Report DAIMLER AG (DDAIF): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. (Read last week's recap here: Auto Stock Roundup for Sep 24, 2015. )
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11751.0
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2015-09-30 00:00:00 UTC
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Why Advance Auto Parts Shares Jumped This Morning
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AAP
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https://www.nasdaq.com/articles/why-advance-auto-parts-shares-jumped-morning-2015-09-30
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nan
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nan
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What: Shares of Advance Auto Parts soared nearly 13% on Wednesday morning after Starboard Value LP disclosed a 3.7% investment in the auto parts retailer.
So what: Starboard is taking the stake because it feels that current market price of Advance Auto doesn't fully reflect the value of its businesses, triggering plenty of excitement on Wall Street that the prolific activist investor will keep pushing management until it does. In fact, Starboard suggested that if Advance Auto simply realizes margins and price multiples in line with close rival O'Reilly Automotive , theshares could be worth more than double their current price.
Now what: Starboard said that it will discuss the Advance Auto opportunity in greater detail at the C4K Sohn Canada Conference 2015 later Wednesday. "In our presentation, we discuss how Advance's operating margins are approximately 800-900 basis points below its closets peers, O'Reilly Automotive and AutoZone , and our belief that Advance can close the bulk of that gap over the next several years by implementing a series of operational improvements," wrote Starboard Managing Member Jeffrey Smith. "Despite this tremendous margin improvement opportunity and a best-in-class business mix, Advance currently trades at an approximately 2-5 turn discount to its peers on an EBITDA multiple basis." While I'd certainly wait for the short-term enthusiasm to fade a bit, Starboard's involvement might be a powerful long-term catalyst worth betting on.
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The article Why Advance Auto Parts Shares Jumped This Morning originally appeared on Fool.com.
Brian Pacampara has no position in any stocks mentioned. The Motley Fool owns shares of O'Reilly Automotive. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So what: Starboard is taking the stake because it feels that current market price of Advance Auto doesn't fully reflect the value of its businesses, triggering plenty of excitement on Wall Street that the prolific activist investor will keep pushing management until it does. "Despite this tremendous margin improvement opportunity and a best-in-class business mix, Advance currently trades at an approximately 2-5 turn discount to its peers on an EBITDA multiple basis." While I'd certainly wait for the short-term enthusiasm to fade a bit, Starboard's involvement might be a powerful long-term catalyst worth betting on.
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What: Shares of Advance Auto Parts soared nearly 13% on Wednesday morning after Starboard Value LP disclosed a 3.7% investment in the auto parts retailer. In fact, Starboard suggested that if Advance Auto simply realizes margins and price multiples in line with close rival O'Reilly Automotive , theshares could be worth more than double their current price. "In our presentation, we discuss how Advance's operating margins are approximately 800-900 basis points below its closets peers, O'Reilly Automotive and AutoZone , and our belief that Advance can close the bulk of that gap over the next several years by implementing a series of operational improvements," wrote Starboard Managing Member Jeffrey Smith.
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So what: Starboard is taking the stake because it feels that current market price of Advance Auto doesn't fully reflect the value of its businesses, triggering plenty of excitement on Wall Street that the prolific activist investor will keep pushing management until it does. In fact, Starboard suggested that if Advance Auto simply realizes margins and price multiples in line with close rival O'Reilly Automotive , theshares could be worth more than double their current price. "In our presentation, we discuss how Advance's operating margins are approximately 800-900 basis points below its closets peers, O'Reilly Automotive and AutoZone , and our belief that Advance can close the bulk of that gap over the next several years by implementing a series of operational improvements," wrote Starboard Managing Member Jeffrey Smith.
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What: Shares of Advance Auto Parts soared nearly 13% on Wednesday morning after Starboard Value LP disclosed a 3.7% investment in the auto parts retailer. In fact, Starboard suggested that if Advance Auto simply realizes margins and price multiples in line with close rival O'Reilly Automotive , theshares could be worth more than double their current price. The Motley Fool owns shares of O'Reilly Automotive.
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11752.0
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2015-09-30 00:00:00 UTC
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Consumer Sector Update for 09/30/2015: AAP,RENT,SCOR,UACL
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AAP
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https://www.nasdaq.com/articles/consumer-sector-update-09302015-aaprentscoruacl-2015-09-30
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nan
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nan
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Top Consumer Stocks
WMT +0.97%
MCD +0.51%
DIS +1.48%
CVS +0.80%
KO +0.78%
Consumer stocks were climbing Wednesday, with shares of consumer staples companies in the S&P 500 adding around 0.3% while shares of consumer discretionary firms in the S&P 500 were jumping over 1.2% higher.
In company news, Advance Auto Parts ( AAP ) rose Wednesday after activist hedge fund Starboard Value disclosed a 3.7% stake in the retailer and said it plans to discuss ways to improve the business with Advance Auto's management team.
Starboard's ideas for Advance Auto include reducing its overhead costs and improving its product sourcing, squeezing more value out of its Worldpac distribution business. The hedge fund wants the company to return some of its capital to shareholders and pursuing more acquisitions of smaller, regional auto-parts chains.
AAP shares were up over 10% at $188.35 apiece, earlier climbing as much as 13% to a session high of $192.50 a share, marking its largest intra-day gain since February 2014.
In other sector news,
(+) RENT, (+22.9%) Agrees to $732 million buyout offer from rival audience measurement firm ComScore ( SCOR ), accepting 1.15 of SCOR share for each RENT share, a 9.9 % premium over RENT's closing price on Tuesday.
(-) UACL, (-19.5%) Sees Q3 earnings in a range of $0.27 to $0.31 per share, trailing consensus view looking for $0.43 per share profit. Projected revenue of $283 million to $290 million also lags analyst estimates expecting $298.9 million.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In company news, Advance Auto Parts ( AAP ) rose Wednesday after activist hedge fund Starboard Value disclosed a 3.7% stake in the retailer and said it plans to discuss ways to improve the business with Advance Auto's management team. AAP shares were up over 10% at $188.35 apiece, earlier climbing as much as 13% to a session high of $192.50 a share, marking its largest intra-day gain since February 2014. Starboard's ideas for Advance Auto include reducing its overhead costs and improving its product sourcing, squeezing more value out of its Worldpac distribution business.
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In company news, Advance Auto Parts ( AAP ) rose Wednesday after activist hedge fund Starboard Value disclosed a 3.7% stake in the retailer and said it plans to discuss ways to improve the business with Advance Auto's management team. AAP shares were up over 10% at $188.35 apiece, earlier climbing as much as 13% to a session high of $192.50 a share, marking its largest intra-day gain since February 2014. Consumer stocks were climbing Wednesday, with shares of consumer staples companies in the S&P 500 adding around 0.3% while shares of consumer discretionary firms in the S&P 500 were jumping over 1.2% higher.
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In company news, Advance Auto Parts ( AAP ) rose Wednesday after activist hedge fund Starboard Value disclosed a 3.7% stake in the retailer and said it plans to discuss ways to improve the business with Advance Auto's management team. AAP shares were up over 10% at $188.35 apiece, earlier climbing as much as 13% to a session high of $192.50 a share, marking its largest intra-day gain since February 2014. Consumer stocks were climbing Wednesday, with shares of consumer staples companies in the S&P 500 adding around 0.3% while shares of consumer discretionary firms in the S&P 500 were jumping over 1.2% higher.
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In company news, Advance Auto Parts ( AAP ) rose Wednesday after activist hedge fund Starboard Value disclosed a 3.7% stake in the retailer and said it plans to discuss ways to improve the business with Advance Auto's management team. AAP shares were up over 10% at $188.35 apiece, earlier climbing as much as 13% to a session high of $192.50 a share, marking its largest intra-day gain since February 2014. Consumer stocks were climbing Wednesday, with shares of consumer staples companies in the S&P 500 adding around 0.3% while shares of consumer discretionary firms in the S&P 500 were jumping over 1.2% higher.
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11753.0
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2015-09-15 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for September 16, 2015
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-september-16-2015-2015-09-15
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nan
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nan
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Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on September 16, 2015. A cash dividend payment of $0.06 per share is scheduled to be paid on October 02, 2015. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 39th quarter that AAP has paid the same dividend. At the current stock price of $175, the dividend yield is .14%.
The previous trading day's last sale of AAP was $175, representing a -8.98% decrease from the 52 week high of $192.27 and a 36.51% increase over the 52 week low of $128.20.
AAP is a part of the Consumer Services sector, which includes companies such as JD.com, Inc. ( JD ) and O'Reilly Automotive, Inc. ( ORLY ). AAP's current earnings per share, an indicator of a company's profitability, is $6.84. Zacks Investment Research reports AAP's forecasted earnings growth in 2015 as 6.07%, compared to an industry average of 21.9%.
For more information on the declaration, record and payment dates, visit the AAP Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAP through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAP as a top-10 holding:
Guggenheim S&P Midcap 400 Pure Growth ETF ( RFG )
Vanguard S&P Mid-Cap 400 Growth ETF ( IVOG )
First Trust Mid Cap Growth AlphaDEX ( FNY )
iShares S&P Mid-Cap 400 Growth ETF ( IJK )
SPDR S&P 400 Mid Cap Growth ETF (based on S&P MidCap 400 Growt ( MDYG ).
The top-performing ETF of this group is RFG with an decrease of -3.2% over the last 100 days. It also has the highest percent weighting of AAP at 1.34%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAP is a part of the Consumer Services sector, which includes companies such as JD.com, Inc. ( JD ) and O'Reilly Automotive, Inc. ( ORLY ). Zacks Investment Research reports AAP's forecasted earnings growth in 2015 as 6.07%, compared to an industry average of 21.9%. For more information on the declaration, record and payment dates, visit the AAP Dividend History page.
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The following ETF(s) have AAP as a top-10 holding: Guggenheim S&P Midcap 400 Pure Growth ETF ( RFG ) Vanguard S&P Mid-Cap 400 Growth ETF ( IVOG ) First Trust Mid Cap Growth AlphaDEX ( FNY ) iShares S&P Mid-Cap 400 Growth ETF ( IJK ) SPDR S&P 400 Mid Cap Growth ETF (based on S&P MidCap 400 Growt ( MDYG ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on September 16, 2015.
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAP Dividend History page. The following ETF(s) have AAP as a top-10 holding: Guggenheim S&P Midcap 400 Pure Growth ETF ( RFG ) Vanguard S&P Mid-Cap 400 Growth ETF ( IVOG ) First Trust Mid Cap Growth AlphaDEX ( FNY ) iShares S&P Mid-Cap 400 Growth ETF ( IJK ) SPDR S&P 400 Mid Cap Growth ETF (based on S&P MidCap 400 Growt ( MDYG ).
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AAP's current earnings per share, an indicator of a company's profitability, is $6.84. The following ETF(s) have AAP as a top-10 holding: Guggenheim S&P Midcap 400 Pure Growth ETF ( RFG ) Vanguard S&P Mid-Cap 400 Growth ETF ( IVOG ) First Trust Mid Cap Growth AlphaDEX ( FNY ) iShares S&P Mid-Cap 400 Growth ETF ( IJK ) SPDR S&P 400 Mid Cap Growth ETF (based on S&P MidCap 400 Growt ( MDYG ). Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on September 16, 2015.
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11754.0
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2015-09-14 00:00:00 UTC
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Ex-Dividend Reminder: Royal Caribbean Cruises, Convergys Corp. and Advance Auto Parts
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AAP
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https://www.nasdaq.com/articles/ex-dividend-reminder-royal-caribbean-cruises-convergys-corp-and-advance-auto-parts-2015-09
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel , on 9/16/15, Royal Caribbean Cruises Ltd. (Symbol: RCL), Convergys Corp. (Symbol: CVG), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Royal Caribbean Cruises Ltd. will pay its quarterly dividend of $0.375 on 10/6/15, Convergys Corp. will pay its quarterly dividend of $0.08 on 10/2/15, and Advance Auto Parts Inc will pay its quarterly dividend of $0.06 on 10/2/15. As a percentage of RCL's recent stock price of $92.93, this dividend works out to approximately 0.40%, so look for shares of Royal Caribbean Cruises Ltd. to trade 0.40% lower - all else being equal - when RCL shares open for trading on 9/16/15. Similarly, investors should look for CVG to open 0.35% lower in price and for AAP to open 0.03% lower, all else being equal.
Below are dividend history charts for RCL, CVG, and AAP, showing historical dividends prior to the most recent ones declared.
Royal Caribbean Cruises Ltd. (Symbol: RCL) :
Convergys Corp. (Symbol: CVG) :
Advance Auto Parts Inc (Symbol: AAP) :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.61% for Royal Caribbean Cruises Ltd., 1.40% for Convergys Corp., and 0.14% for Advance Auto Parts Inc.
In Monday trading, Royal Caribbean Cruises Ltd. shares are currently up about 0.1%, Convergys Corp. shares are off about 0.4%, and Advance Auto Parts Inc shares are up about 0.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel , on 9/16/15, Royal Caribbean Cruises Ltd. (Symbol: RCL), Convergys Corp. (Symbol: CVG), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for CVG to open 0.35% lower in price and for AAP to open 0.03% lower, all else being equal. Below are dividend history charts for RCL, CVG, and AAP, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel , on 9/16/15, Royal Caribbean Cruises Ltd. (Symbol: RCL), Convergys Corp. (Symbol: CVG), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Royal Caribbean Cruises Ltd. (Symbol: RCL) : Convergys Corp. (Symbol: CVG) : Advance Auto Parts Inc (Symbol: AAP) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for CVG to open 0.35% lower in price and for AAP to open 0.03% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel , on 9/16/15, Royal Caribbean Cruises Ltd. (Symbol: RCL), Convergys Corp. (Symbol: CVG), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Royal Caribbean Cruises Ltd. (Symbol: RCL) : Convergys Corp. (Symbol: CVG) : Advance Auto Parts Inc (Symbol: AAP) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for CVG to open 0.35% lower in price and for AAP to open 0.03% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel , on 9/16/15, Royal Caribbean Cruises Ltd. (Symbol: RCL), Convergys Corp. (Symbol: CVG), and Advance Auto Parts Inc (Symbol: AAP) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for CVG to open 0.35% lower in price and for AAP to open 0.03% lower, all else being equal. Below are dividend history charts for RCL, CVG, and AAP, showing historical dividends prior to the most recent ones declared.
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11755.0
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2015-09-04 00:00:00 UTC
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IBD 50 Stock O'Reilly Automotive Stays In Fast Lane
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https://www.nasdaq.com/articles/ibd-50-stock-oreilly-automotive-stays-fast-lane-2015-09-04
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W ith the U.S. auto industry eyeing its best year of vehicle sales in at least a decade, you'd think Wall Street would cast a wary eye on auto parts dealerships like O'Reilly Automotive.
New cars require less maintenance and repair work than older ones, which means less demand for the kinds of products and services offered byO'Reilly ( ORLY ) and peers likeAutoZone ( AZO ),Advance Auto Parts ( AAP ) andGenuine Parts ( GPC ).
Normally, this would be bad news for the auto parts industry. But this isn't a normal industry cycle. Yes, the U.S. auto industry is on pace for its first full year of 17 million-unit sales since before the Great Recession, and could record its best year of sales since 2000.
At the same time, the average age of cars on the nation's roads stands at a record 11.5 years, according to research firm IHS Automotive. An aging fleet of cars means higher demand for replacement parts, maintenance and repair work.
Whatever rules used to apply to the auto parts business don't necessarily apply anymore, analysts say.
"Historically, increasing new vehicle sales have been a headwind for the parts industry," Sterne Agee CRT analyst Ali-Ahmad Faghri told IBD. "But sales have been rising for four or five years now, and this group has been one of the best. The kinds of things that benefit new vehicle sales -- an improving economy, improving employment, higher income -- also benefit the auto parts sector."
Cheaper Gas Helps Too
Meanwhile, falling gasoline prices have provided another lift. Lower prices at the pump lead to more cars on the road for longer periods of time, which means more demand for repairs and parts.
The upshot is that IBD's Retail/Wholesale-Auto Parts group has been on a steady climb this year, reaching a record high on Aug. 19. The broader market sell-off sent the group down a bit, but it's still up 13% since the beginning of 2015.
O'Reilly, the highest rated stock in the group with a 98 IBD Composite Rating and the biggest by market cap, has performed better. Its stock price is up about 22% for the year. Shares set a record high of 258.15 on Aug. 19 and currently trade near 235.
The company operates 4,465 stores in 43 states. It targets both do-it-yourself (DIY) mechanics as well as professional installers and technicians in the do-it-for-me (DIFM) market, offering everything from alternators and starters to motor oil, antifreeze, floor mats and body paint.
O'Reilly's sales growth has been steady if unspectacular, with 10 straight quarters of low double-digit or high single-digit gains.
However, profit growth has been much more robust. The company has delivered a yearslong streak of double-digit EPS gains, with most exceeding 20% year-to-year.
In contrast, other auto parts retailers -- including Advance Auto, Genuine Parts andLKQ ( LKQ ) -- have seen EPS growth dip into single digits in recent quarters.
O'Reilly's EPS have benefited from a stock repurchase program that began four years ago and continues today. In May the company approved a resolution to raise the authorization under the program by an additional $500 million, raising the aggregate under the program to $5.5 billion.
But the company also has moved to improve its financial performance and gain market share. Much of this effort has centered on growing its DIY business, which it had neglected earlier, Faghri says.
Luring More Do-It-Yourselfers
He points to initiatives such as extended store hours, increased store staffing levels and the rollout of a customer loyalty program. All are designed to bring more DIY foot traffic into O'Reilly stores.
"They're working to catch up with AutoZone, which has historically been the leader on the DIY side," Faghri said.
In the past O'Reilly was hesitant to do some of the things that competitors have done, such as chanage windshield wipers or add wiper fluid, Faghri says. "But as they saw competitors offer more DIY services, they've worked to follow suit, and they're really starting to gain traction right now."
On a second-quarter conference call with analysts, O'Reilly CEO Greg Henslee said the firm's DIY transaction count growth "was a strong contributor to our comparable store sales increase" of 7.2%.
At the same time, he said the professional DIFM side of the business "is growing a little faster than the DIY side. But both sides of the business are growing well."
The DIFM business sells parts to professional auto technicians and provides repair and maintenance services to customers who don't want to or can't do it themselves.
O'Reilly was an early adopter of selling into both the DIFM and more traditional DIY markets, Morningstar analyst Adam Fleck noted in a report. This gave the company an edge over rivals that entered the market later.
Stronger Do-It-For-Me Market
"We believe the $59 billion domestic DIFM market presents greater growth opportunities than its $47 billion DIY counterpart, since there is more room for the largest companies to capture share from the industry's numerous subscale competitors," Fleck said.
Rival parts suppliers are busy trying to grab more share of the DIFM market by investing in their supply chains, Sterne Agee CRT's Faghri says. O'Reilly has responded by upping its own investments.
"They are increasing their parts availability and adding distribution centers," he said. "They certainly are not standing still as competitors add to their supply chains. I'd say that O'Reilly has maintained their share on the DIFM side while gaining share on the DIY side."
JPMorgan analyst Christopher Horvers offers a similar view, noting in a report that O'Reilly's "DIY market share gains have accelerated, and this is adding a new leg to same-store sales growth, which could lead to earnings upside."
He also said O'Reilly has "significant balance sheet capacity to buy back stock as well. Finally, if gas prices stay low for a long period of time, this could lead to both sales and valuation upside."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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New cars require less maintenance and repair work than older ones, which means less demand for the kinds of products and services offered byO'Reilly ( ORLY ) and peers likeAutoZone ( AZO ),Advance Auto Parts ( AAP ) andGenuine Parts ( GPC ). It targets both do-it-yourself (DIY) mechanics as well as professional installers and technicians in the do-it-for-me (DIFM) market, offering everything from alternators and starters to motor oil, antifreeze, floor mats and body paint. On a second-quarter conference call with analysts, O'Reilly CEO Greg Henslee said the firm's DIY transaction count growth "was a strong contributor to our comparable store sales increase" of 7.2%.
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New cars require less maintenance and repair work than older ones, which means less demand for the kinds of products and services offered byO'Reilly ( ORLY ) and peers likeAutoZone ( AZO ),Advance Auto Parts ( AAP ) andGenuine Parts ( GPC ). "Historically, increasing new vehicle sales have been a headwind for the parts industry," Sterne Agee CRT analyst Ali-Ahmad Faghri told IBD. The DIFM business sells parts to professional auto technicians and provides repair and maintenance services to customers who don't want to or can't do it themselves.
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New cars require less maintenance and repair work than older ones, which means less demand for the kinds of products and services offered byO'Reilly ( ORLY ) and peers likeAutoZone ( AZO ),Advance Auto Parts ( AAP ) andGenuine Parts ( GPC ). W ith the U.S. auto industry eyeing its best year of vehicle sales in at least a decade, you'd think Wall Street would cast a wary eye on auto parts dealerships like O'Reilly Automotive. Stronger Do-It-For-Me Market "We believe the $59 billion domestic DIFM market presents greater growth opportunities than its $47 billion DIY counterpart, since there is more room for the largest companies to capture share from the industry's numerous subscale competitors," Fleck said.
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New cars require less maintenance and repair work than older ones, which means less demand for the kinds of products and services offered byO'Reilly ( ORLY ) and peers likeAutoZone ( AZO ),Advance Auto Parts ( AAP ) andGenuine Parts ( GPC ). Its stock price is up about 22% for the year. The DIFM business sells parts to professional auto technicians and provides repair and maintenance services to customers who don't want to or can't do it themselves.
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11756.0
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2015-09-02 00:00:00 UTC
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Tesla's (TSLA) Model X Signature Gets Ready for Launch
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AAP
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https://www.nasdaq.com/articles/teslas-tsla-model-x-signature-gets-ready-for-launch-2015-09-02
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Tesla Motors, Inc. 's TSLA much-anticipated limited edition Tesla Model X Signature Series will be available in the market by the end of this month. The Signature edition of the company's first crossover utility vehicle is available for around $132,000, barring incentives, projected gas savings and tax credit charges. Notably, the vehicles are being manufactured at Tesla's Fremont assembly factory.
The Model X Signature will feature a 90 kilowatt-hour battery which can travel for 240 miles on a single charge. The maximum speed limit is set at 155 mph. The vehicle has the ability to accelerate to speeds of 60 mph from zero in just 3.8 seconds. Customers interested in the Model X Signature vehicle will have to cough up a deposit of $40,000, compared to just $5,000 for a standard Model X version.
Meanwhile, customers can upgrade to the Ludicrous Mode in the Model X Signature series by paying an additional $10,000. This charge is quite similar to the amount needed to upgrade a Model S P85D vehicle to Model S P90D. Interestingly, the Ludicrous Mode range of vehicles can accelerate from zero to 60 mph in just 3.2 seconds while the Model S takes just 2.8 seconds.
Notably, customers booking vehicles from Model X Signature Series can now choose the paint color, wheel size and also the interiors. They can also add accessories before the delivery.
The all-wheel-drive Model X offers falcon wing rear doors with built-in sensors as a standard feature. The sensors help the doors to open in garages of different ceiling heights. The other features include rear hitch for bikes or skis, parking sensors and blind-spot warning, automatic emergency braking, and power-folding, heated side mirrors. In addition, the Model X offers free long distance drive via Tesla's Supercharger network. The Model X Signature series also has some autopilot features like self-parking, air suspension, satellite radio, ventilated leather seats with heating and cooling, three independently operable, adult-size second-row seats, and a flat-folding, two-adult third-row seat.
The price of a Model X Signature is pretty high. It is the most luxurious version of the Model X line, similar to the high-priced Model S P98D version of Model S. Meanwhile, the standard Model X version is likely to be priced much lower.
However, Tesla has faced several challenges while developing the Model X series. As a result, the automaker slashed the 2015 delivery guidance to 50,000-55,000 units, from the previous estimate of 55,000 units.
Tesla currently carries a Zacks Rank #3 (Hold). Better-ranked automobile stocks include Ford Motor Co. F , Advance Auto Parts Inc. AAP and U.S. Auto Parts Network, Inc. PRTS , all carrying a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked automobile stocks include Ford Motor Co. F , Advance Auto Parts Inc. AAP and U.S. Auto Parts Network, Inc. PRTS , all carrying a Zacks Rank #2 (Buy). Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. The Signature edition of the company's first crossover utility vehicle is available for around $132,000, barring incentives, projected gas savings and tax credit charges.
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Better-ranked automobile stocks include Ford Motor Co. F , Advance Auto Parts Inc. AAP and U.S. Auto Parts Network, Inc. PRTS , all carrying a Zacks Rank #2 (Buy). Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Tesla Motors, Inc. 's TSLA much-anticipated limited edition Tesla Model X Signature Series will be available in the market by the end of this month.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked automobile stocks include Ford Motor Co. F , Advance Auto Parts Inc. AAP and U.S. Auto Parts Network, Inc. PRTS , all carrying a Zacks Rank #2 (Buy). Customers interested in the Model X Signature vehicle will have to cough up a deposit of $40,000, compared to just $5,000 for a standard Model X version.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked automobile stocks include Ford Motor Co. F , Advance Auto Parts Inc. AAP and U.S. Auto Parts Network, Inc. PRTS , all carrying a Zacks Rank #2 (Buy). This charge is quite similar to the amount needed to upgrade a Model S P85D vehicle to Model S P90D.
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11757.0
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2015-09-01 00:00:00 UTC
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Tesla's Lithium Deal Refuted by U.S. Rare Earth Minerals
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https://www.nasdaq.com/articles/teslas-lithium-deal-refuted-by-u.s.-rare-earth-minerals-2015-09-01
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Tesla Motors, Inc. 's TSLA supposed long-term agreement with Bacanora Minerals and U.S. Rare Earth Minerals, Inc. USMN to purchase lithium hydroxide has been denied by U.S. Rare Earth Minerals. The Nevada-based company has categorically stated that it did not ink any agreement with Tesla. The company further informed that it is not currently involved in the mining or sale of lithium; however, it is seeking options for it. At present, U.S. Rare Earth Minerals mainly sells EXCELERITE(R), a brand that covers natural minerals for animal consumption as well as agricultural products which contain lithium.
Recently, media reports emerged saying that Bacanora Minerals and U.S. Rare Earth Minerals have entered into an agreement with Tesla to sell lithium hydroxide extracted from their Sonora lithium project mine in Northern Mexico, subject to certain conditions. The lithium hydroxide was supposed to be used for the manufacture of lithium-ion batteries in Tesla's Gigafactory.
The conditions for the supposed agreement included supplying the quantity of lithium required by Tesla at the speed it needs. Another requirement was that Bacanora Minerals and U.S. Rare Earth Minerals will raise capital for the project, as well as build the mine and a lithium processing facility.
Considering that U.S. Rare Earth Minerals has specifically denied an agreement with Tesla, these reports seem to have stemmed from misinformation. However, based on the details leaked by the reports, it is possible that the companies are in talks, with no formal agreement reached yet.
Tesla currently carries a Zacks Rank #3 (Hold). Better-ranked automobile stocks include Ford Motor Co. F and Advance Auto Parts Inc. AAP , both carrying a Zacks Rank #2 (Buy).
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TESLA MOTORS (TSLA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked automobile stocks include Ford Motor Co. F and Advance Auto Parts Inc. AAP , both carrying a Zacks Rank #2 (Buy). Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. The conditions for the supposed agreement included supplying the quantity of lithium required by Tesla at the speed it needs.
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Better-ranked automobile stocks include Ford Motor Co. F and Advance Auto Parts Inc. AAP , both carrying a Zacks Rank #2 (Buy). Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Tesla Motors, Inc. 's TSLA supposed long-term agreement with Bacanora Minerals and U.S. Rare Earth Minerals, Inc. USMN to purchase lithium hydroxide has been denied by U.S. Rare Earth Minerals.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked automobile stocks include Ford Motor Co. F and Advance Auto Parts Inc. AAP , both carrying a Zacks Rank #2 (Buy). Tesla Motors, Inc. 's TSLA supposed long-term agreement with Bacanora Minerals and U.S. Rare Earth Minerals, Inc. USMN to purchase lithium hydroxide has been denied by U.S. Rare Earth Minerals.
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Better-ranked automobile stocks include Ford Motor Co. F and Advance Auto Parts Inc. AAP , both carrying a Zacks Rank #2 (Buy). Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Tesla Motors, Inc. 's TSLA supposed long-term agreement with Bacanora Minerals and U.S. Rare Earth Minerals, Inc. USMN to purchase lithium hydroxide has been denied by U.S. Rare Earth Minerals.
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11758.0
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2015-08-31 00:00:00 UTC
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Tesla (TSLA) Signs Conditional Lithium Purchase Agreement
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https://www.nasdaq.com/articles/tesla-tsla-signs-conditional-lithium-purchase-agreement-2015-08-31
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Tesla Motors, Inc.TSLA has inked a long-term agreement with Bacanora Minerals and Rare Earth Minerals to purchase lithium hydroxide from their Sonora lithium project mine in Northern Mexico, subject to certain conditions. The lithium hydroxide supplied from the mine will be used for the manufacture of lithium-ion batteries in Tesla's Gigafactory.
The conditions for the agreement include supplying the quantity of lithium required by Tesla at the speed it needs. The automaker has set certain performance milestones that the mine should achieve over the next two years. On attainment of these milestones, the deal will be effective for five years from the date of the first order, with the option to extend it for another five years.
Another requirement is that Bacanora Minerals and Rare Earth Minerals will raise capital for the project, as well as build the mine and a lithium processing facility. It is expected that the companies will be able to extract 35,000 tons of lithium compounds from the mine, with the potential to increase the quantity to 50,000 tons.
Tesla currently carries a Zacks Rank #3 (Hold). Better-ranked automobile stocks include Ford Motor Co. F , Advance Auto Parts Inc. AAP and U.S. Auto Parts Network, Inc. PRTS , all carrying a Zacks Rank #2 (Buy).
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FORD MOTOR CO (F): Free Stock Analysis Report
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TESLA MOTORS (TSLA): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked automobile stocks include Ford Motor Co. F , Advance Auto Parts Inc. AAP and U.S. Auto Parts Network, Inc. PRTS , all carrying a Zacks Rank #2 (Buy). Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. The lithium hydroxide supplied from the mine will be used for the manufacture of lithium-ion batteries in Tesla's Gigafactory.
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Better-ranked automobile stocks include Ford Motor Co. F , Advance Auto Parts Inc. AAP and U.S. Auto Parts Network, Inc. PRTS , all carrying a Zacks Rank #2 (Buy). Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Tesla Motors, Inc.TSLA has inked a long-term agreement with Bacanora Minerals and Rare Earth Minerals to purchase lithium hydroxide from their Sonora lithium project mine in Northern Mexico, subject to certain conditions.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked automobile stocks include Ford Motor Co. F , Advance Auto Parts Inc. AAP and U.S. Auto Parts Network, Inc. PRTS , all carrying a Zacks Rank #2 (Buy). Tesla Motors, Inc.TSLA has inked a long-term agreement with Bacanora Minerals and Rare Earth Minerals to purchase lithium hydroxide from their Sonora lithium project mine in Northern Mexico, subject to certain conditions.
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Better-ranked automobile stocks include Ford Motor Co. F , Advance Auto Parts Inc. AAP and U.S. Auto Parts Network, Inc. PRTS , all carrying a Zacks Rank #2 (Buy). Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. The conditions for the agreement include supplying the quantity of lithium required by Tesla at the speed it needs.
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11759.0
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2015-08-28 00:00:00 UTC
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General Motors' Flint Plant Produces 1 Millionth 1.4L Engine
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https://www.nasdaq.com/articles/general-motors-flint-plant-produces-1-millionth-1.4l-engine-2015-08-28
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General Motors CompanyGM announced the production of the 1 millionth unit of a 1.4-liter engine at its Flint Engine Operations. Post this, the plant will stop producing this engine and will start manufacturing the new global engine for the next-generation Chevrolet Cruze and Volt instead.
General Motors' Flint Engine was inaugurated in 2002. However, the production of the 1.4-liter engine started in early 2011. The engine was used for Chevrolet Volt, Cruze and Sonic vehicles.
Meanwhile, an investment worth $200 million was made to upgrade the facility in Apr 2013. Just after the investment was made, General Motors started working on the Ecotec engine launch. Flint Engine will cease to produce the 1.4-liter engine by the end of this week and start making the new Ecotec small gas engine by the end of this year. General Motors' new Ecotec engine will be part of the automaker's global engine program.
The all-new Ecotec small gas engine will be manufactured at eight of the company's engine plants across six countries, including Flint Engine. General Motors plans to produce 2.5 million Ecotec engines per year from 2017. At present, the Ecotec engines that will be produced at the Flint Engine plant will be used in Chevrolet Volt (1.5 liter) and Cruze (1.4 liter turbo).
After the end of the 1.4-liter engine production at the plant, General Motors will focus on the installation and equipment test for the Ecotec engine. The company will use the initial engines for Chevrolet Cruze vehicles - which are being assembled in the Lordstown, Ohio plant. The automaker will start the engine production for Chevrolet Volt in the second half of 2016.
During this transition period, the Flint Engine plant will continue producing the 3.6-liter engines for Chevrolet Colorado and Traverse, GMC Canyon and Acadia, and Buick Enclave.
General Motors currently carries a Zacks Rank #3 (Hold). Better-ranked automobile stocks include Ford Motor Co. F , PACCAR Inc. PCAR and Advance Auto Parts Inc. AAP . All these stocks carry a Zacks Rank #2 (Buy).
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GENERAL MOTORS (GM): Free Stock Analysis Report
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked automobile stocks include Ford Motor Co. F , PACCAR Inc. PCAR and Advance Auto Parts Inc. AAP . Click to get this free report GENERAL MOTORS (GM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Just after the investment was made, General Motors started working on the Ecotec engine launch.
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Better-ranked automobile stocks include Ford Motor Co. F , PACCAR Inc. PCAR and Advance Auto Parts Inc. AAP . Click to get this free report GENERAL MOTORS (GM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report GENERAL MOTORS (GM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked automobile stocks include Ford Motor Co. F , PACCAR Inc. PCAR and Advance Auto Parts Inc. AAP . Flint Engine will cease to produce the 1.4-liter engine by the end of this week and start making the new Ecotec small gas engine by the end of this year.
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Better-ranked automobile stocks include Ford Motor Co. F , PACCAR Inc. PCAR and Advance Auto Parts Inc. AAP . Click to get this free report GENERAL MOTORS (GM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Post this, the plant will stop producing this engine and will start manufacturing the new global engine for the next-generation Chevrolet Cruze and Volt instead.
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11760.0
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2015-08-27 00:00:00 UTC
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Auto Stock Roundup: Tesla Issues Shares, GM Rejects 91% Claims, Stocks Plunge
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-tesla-issues-shares-gm-rejects-91-claims-stocks-plunge-2015-08-27
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Global ills that are casting a pall over markets all over, dampened the mood in the auto sector as well, with large losses recorded by all stocks last week. Heavyweights like Tesla Motors, Inc. TSLA , General Motors Company GM and Ford Motor Co. F recorded more than 10% loss each. The sharp fall in stock prices overshadowed all other developments in the sector.
Still worth noting is that Tesla raised around $738.3 million from its public issue of shares. Further, Kenneth Feinberg completed the assessment of all ignition switch claims received by General Motors. He found less than 10% of the claims as eligible for compensation.
News also surfaced that Toyota Motor Corporation TM is testing alternative airbag inflators for its vehicles, following the massive recalls caused by the defective Takata ones. Meanwhile, Ford announced its Europe sales for July, while Honda Motor Co., Ltd. HMC launched a new prototype crossover utility vehicle targeted at the Indonesian market.
(Read last to last week's recap here: Auto Stock Roundup for Aug 20, 2015 )
Recap of the Week's Most Important Stories
1. Tesla raised approximately $738.3 million, after deducting underwriting discounts and commissions along with estimated offering expenses from a common stock issue that closed on Aug 19, 2015. The company sold 3,099,173 shares at $242 each, including 404,239 shares sold under options to underwriters, which were exercised in full. The issued offering includes 82,645 shares purchased by CEO Elon Musk.
Tesla plans to use the proceeds from the offering to accelerate its global business growth, including expansion of its stores, service centers, the Supercharger network and the Tesla Energy business; for the development and production of Model 3 and the Gigafactory; and for other general corporate purposes (read more: Tesla Sells 3.1 Million Shares to Raise $738.3 Million ).
2. General Motors will have to provide compensation for less than 10% of the ignition switch claims filed, as Kenneth Feinberg - the lawyer hired to assess the claims - has rejected nearly 91% of them. According to Feinberg, only 399 of the 4,343 claims filed were eligible to receive compensation. Of the approved claims, 124 are related to death cases and 275 to injuries. For the approved death claims, the families are eligible to receive over $1 million each.
General Motors has a fund of around $625 million to provide compensation for the approved claims. As of Jul 17, 2015, the company had spent $280 million toward the compensation of such claims (read more: General Motors Rejects 91% of Faulty Ignition Switch Claims ).
3. Ford recorded a 5.3% year-over-year rise in sales to 100,500 vehicles in its 20 traditional European markets in Jul 2015. With this, Ford's monthly sales lagged the industry sales growth of 8.8%. In the first seven months of 2015, the company's sales increased 9.7% to 769,300 vehicles, cruising ahead of the industry sales growth of 8.7% (read more: Ford's Europe Sales Rise 5.3% Y/Y in July, 9.7% YTD ).
4. Honda made the global launch of the BR-V Prototype at the GAIKINDO Indonesia International Auto Show (GIIAS) 2015. The BR-V Prototype is a 7-seater, new generation crossover utility vehicle that will be sold in Indonesia from early 2016 and launched in other countries later. Production of the vehicle will start from Jan 2016 (read more: Honda Launches BR-V Prototype for Indonesian Market .)
5. Toyota has started testing airbag inflators to be used as alternatives to the defective Takata airbag inflators that resulted in million of recalls. While the automaker is currently using inflators made by Daicel Corp., it has also starting testing those produced by Autoliv and Nippon Kayaku Co. The tests are being made to find out if the inflators are compatible with its vehicles.
Performance
The dismal market conditions pulled down all auto stocks over the last week. All stocks recorded large losses, led by Tesla, which lost almost 12% over the week.
Meanwhile, General Motors was the worst performer over the last six-month period with 24.7% loss. Advance Auto Parts Inc. AAP remained the top gainer in the last six months, buoyed by the general trend of an upward movement since May, which offset the 5.8% loss recorded over the last week.
What's Next in the Auto Space?
On Sep 1, 2015, major automakers will release their U.S. auto sales data for August. On the same day, Ford will pay its third-quarter dividend of 15 cents per share to shareholders of record as of Jul 31, 2015. Penske Automotive Group, Inc. PAG will pay its second-quarter dividend of 24 cents per share to shareholders of record as of Aug 10, 2015.
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FORD MOTOR CO (F): Free Stock Analysis Report
PENSKE AUTO GRP (PAG): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. AAP remained the top gainer in the last six months, buoyed by the general trend of an upward movement since May, which offset the 5.8% loss recorded over the last week. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Ford announced its Europe sales for July, while Honda Motor Co., Ltd. HMC launched a new prototype crossover utility vehicle targeted at the Indonesian market.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP remained the top gainer in the last six months, buoyed by the general trend of an upward movement since May, which offset the 5.8% loss recorded over the last week. Heavyweights like Tesla Motors, Inc. TSLA , General Motors Company GM and Ford Motor Co. F recorded more than 10% loss each.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP remained the top gainer in the last six months, buoyed by the general trend of an upward movement since May, which offset the 5.8% loss recorded over the last week. Heavyweights like Tesla Motors, Inc. TSLA , General Motors Company GM and Ford Motor Co. F recorded more than 10% loss each.
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Advance Auto Parts Inc. AAP remained the top gainer in the last six months, buoyed by the general trend of an upward movement since May, which offset the 5.8% loss recorded over the last week. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Global ills that are casting a pall over markets all over, dampened the mood in the auto sector as well, with large losses recorded by all stocks last week.
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11761.0
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2015-08-24 00:00:00 UTC
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AutoZone (AZO) Falls: Stock Goes Down 5.1%
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AAP
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https://www.nasdaq.com/articles/autozone-azo-falls%3A-stock-goes-down-5.1-2015-08-24
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nan
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nan
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AutoZone, Inc. ( AZO ) saw a big move last Friday, as the company's shares fell by over 5 % on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for AZO as the stock is now up around 11% from Jul 22 to Aug 19.
Although this slump was obviously disappointing, the retail auto-parts company has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for AZO. So make sure to keep an eye on this stock going forward to see if yesterday's price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
AZO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same sector is Advance Auto Parts Inc. ( AAP ), holding a Zacks Rank #2 (Buy).
Is AZO going up? Or down? Predict to see what others think: Up or Down
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AUTOZONE INC (AZO): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock in the same sector is Advance Auto Parts Inc. ( AAP ), holding a Zacks Rank #2 (Buy). Click to get this free report AUTOZONE INC (AZO): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Although this slump was obviously disappointing, the retail auto-parts company has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks.
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Click to get this free report AUTOZONE INC (AZO): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same sector is Advance Auto Parts Inc. ( AAP ), holding a Zacks Rank #2 (Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report AUTOZONE INC (AZO): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same sector is Advance Auto Parts Inc. ( AAP ), holding a Zacks Rank #2 (Buy). AutoZone, Inc. ( AZO ) saw a big move last Friday, as the company's shares fell by over 5 % on the day.
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A better-ranked stock in the same sector is Advance Auto Parts Inc. ( AAP ), holding a Zacks Rank #2 (Buy). Click to get this free report AUTOZONE INC (AZO): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. AutoZone, Inc. ( AZO ) saw a big move last Friday, as the company's shares fell by over 5 % on the day.
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11762.0
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2015-08-20 00:00:00 UTC
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Chris Davis Acquires Nearly 24 Million Shares of Cabot Oil & Gas
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AAP
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https://www.nasdaq.com/articles/chris-davis-acquires-nearly-24-million-shares-cabot-oil-gas-2015-08-20
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nan
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nan
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Chris Davis ( Trades , Portfolio ), portfolio manager for Davis Financial Fund, favors stable businesses that are well managed and available at value prices when he seeks investment opportunities. His approach has been pretty successful at Davis Financial Fund, which has recorded returns of 13.01%, 31.45% and 18.15% in 2014, 2013 and 2012, respectively.
In the second quarter, Davis found more than a dozen prospects that met his criteria.
Davis bought 16 new stakes in the second quarter. His most significant acquisition was 23,925,872 shares of Cabot Oil & Gas Corp. ( NYSE:COG ), an independent petroleum and natural gas exploration and production company based in Houston, for an average price of $33.31 per share. The purchase had a 2.65% impact on Davis' portfolio and landed Cabot Oil & Gas in Davis' top 15 most valuable stakes.
George Soros Undervalued Stocks
George Soros Top Growth Companies
George Soros High Yield stocks
Chuck Royce Undervalued Stocks
Chuck Royce Top Growth Companies
Chuck Royce High Yield stocks
Chris Davis Undervalued Stocks
Chris Davis Top Growth Companies
Chris Davis High Yield stocks
Cabot Oil & Gas has a market cap of $10.52 billion and an enterprise value of $12.5 billion. It has a Price/Book of 4.9 and a Price/Sales of 5.5. Davis' purchase made him Cabot Oil & Gas' leading shareholder among the gurus, but Pioneer Investments (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio), Jim Simons (Trades, Portfolio), Ray Dalio (Trades, Portfolio), Ron Baron (Trades, Portfolio), John Keeley (Trades, Portfolio), Dodge & Cox and T Boone Pickens (Trades, Portfolio) also have shares of Cabot Oil & Gas in their portfolios.
Cabot Oil & Gas' stock price tumbled more than 3% on Wednesday, closing down $0.8 per share.
Davis bought a 2,011,431-share stake in Precision Castparts Corp. ( PCP ), a Portland, Ore., industrial goods and metal fabrication company, for an average price of $209.95 per share. The deal had a 1.41% impact on Davis' portfolio.
Precision Castparts has a market cap of $31.74 bilion and an enterprise value of $35.99 billion. It has a P/E of 22.6, a Price/Book of 2.8 and a Price/Sales of 3.3. Warren Buffett (Trades, Portfolio), Ruane Cunniff (Trades, Portfolio), Jana Partners (Trades, Portfolio), Lou Simpson (Trades, Portfolio), Bill Nygren (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Wallace Weitz (Trades, Portfolio), Westport Asset Management (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Scott Black (Trades, Portfolio), Tom Russo (Trades, Portfolio), Ron Baron (Trades, Portfolio), Jeff Auxier (Trades, Portfolio), Michael Price (Trades, Portfolio), George Soros (Trades, Portfolio), Jim Simons (Trades, Portfolio), Ray Dalio (Trades, Portfolio), Prem Watsa (Trades, Portfolio) and First Eagle Investment (Trades, Portfolio) have shares of Precision Castparts in their portfolios.
Davis purchased 1,254,619 shares of Advance Auto Parts Inc. ( AAP ), a Roanoke, Va.-based automotive replacement parts and accessories retailer, for an average price of $152.7 per share. The transaction had a 0.7% impact on Davis' portfolio.
Advance Auto Parts has a market cap of $13.62 billion and an enterprise value of $15.1 billion. It has a P/E of 27.7, a Price/Book of 6.3 and a Price/Sales of 1.4. Davis is Advance Auto Parts' leading shareholder among the gurus, but Steve Mandel (Trades, Portfolio), Manning & Napier Advisors, Inc, Private Capital (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), John Keeley (Trades, Portfolio) and Chuck Royce (Trades, Portfolio) also have shares in the company.
Davis acquired 234,124 shares of Equity Residential ( EQR ), a Chicago-based real estate investment trust, for an average price of $74.26 per share. The transaction had a 0.06% impact on Davis' portfolio.
Equity Residential has a market cap of $27.7 billion and an enterprise value of $38.82 billion. It has a P/E of 31.1, a Price/Book of 2.6 and a Price/Sales of 10.8. Jim Simons (Trades, Portfolio), Ken Heebner (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Manning & Napier Advisors, Inc, Jeremy Grantham (Trades, Portfolio), Murray Stahl (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of Equity Residential in their portfolios.
Davis acquired 207,149 shares of Ventas Inc. ( VTR ), a Chicago-based real estate investment trust (REIT), for an average price of $59.96. The purchase had a 0.05% impact on Davis' portfolio.
Ventas has a market cap of $20.16 billion and an enterprise value of $31.7 billion. It has a P/E of 39.1, a Price/Book of 1.8 and a Price/Sales of 5.7. Jim Simons (Trades, Portfolio), Manning & Napier Advisors, Inc, Pioneer Investments (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio) and Ray Dalio (Trades, Portfolio) have shares of Ventas in their portfolios.
Davis also bought a 196,478-share stake in Health Care REIT, Inc. ( HCN ), a Toledo, Ohio-based real estate investment trust, for an average price of $71.79 per share. The deal had a 0.05% impact on Davis' portfolio.
Health Care REIT has a market cap of $24.46 billion and an enterprise value of $37.15 billion. It has a P/E of 28.2, a Price/Book of 1.8 and a Price/Sales of 6.5. Jim Simons (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Manning & Napier Advisors, Inc, Jeremy Grantham (Trades, Portfolio) and Ray Dalio (Trades, Portfolio) have shares of Health Care REIT in their portfolios.
Other new buys in Davis' portfolio include American Tower Corp. (AMT), Macerich Co. (MAC), Univar Inc. (UNVR), Baidu Inc. (BIDU), Party City Holdco Inc. (PRTY), United Technologies Corp. (UTX), InterXion Holding NV (INXN), Allergan PLC (AGN), Progressive Corp. (PGR) and W.W. Grainger Inc. (GWW).
To view the portfolios of more gurus, visit theList of Guruspage. Not a premium member of GuruFocus? Try it free for 7 days.
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Davis purchased 1,254,619 shares of Advance Auto Parts Inc. ( AAP ), a Roanoke, Va.-based automotive replacement parts and accessories retailer, for an average price of $152.7 per share. Davis bought a 2,011,431-share stake in Precision Castparts Corp. ( PCP ), a Portland, Ore., industrial goods and metal fabrication company, for an average price of $209.95 per share. Davis also bought a 196,478-share stake in Health Care REIT, Inc. ( HCN ), a Toledo, Ohio-based real estate investment trust, for an average price of $71.79 per share.
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Davis purchased 1,254,619 shares of Advance Auto Parts Inc. ( AAP ), a Roanoke, Va.-based automotive replacement parts and accessories retailer, for an average price of $152.7 per share. George Soros Undervalued Stocks George Soros Top Growth Companies George Soros High Yield stocks Chuck Royce Undervalued Stocks Chuck Royce Top Growth Companies Chuck Royce High Yield stocks Chris Davis Undervalued Stocks Chris Davis Top Growth Companies Chris Davis High Yield stocks Cabot Oil & Gas has a market cap of $10.52 billion and an enterprise value of $12.5 billion. Davis' purchase made him Cabot Oil & Gas' leading shareholder among the gurus, but Pioneer Investments (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio), Jim Simons (Trades, Portfolio), Ray Dalio (Trades, Portfolio), Ron Baron (Trades, Portfolio), John Keeley (Trades, Portfolio), Dodge & Cox and T Boone Pickens (Trades, Portfolio) also have shares of Cabot Oil & Gas in their portfolios.
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Davis purchased 1,254,619 shares of Advance Auto Parts Inc. ( AAP ), a Roanoke, Va.-based automotive replacement parts and accessories retailer, for an average price of $152.7 per share. Davis' purchase made him Cabot Oil & Gas' leading shareholder among the gurus, but Pioneer Investments (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio), Jim Simons (Trades, Portfolio), Ray Dalio (Trades, Portfolio), Ron Baron (Trades, Portfolio), John Keeley (Trades, Portfolio), Dodge & Cox and T Boone Pickens (Trades, Portfolio) also have shares of Cabot Oil & Gas in their portfolios. Warren Buffett (Trades, Portfolio), Ruane Cunniff (Trades, Portfolio), Jana Partners (Trades, Portfolio), Lou Simpson (Trades, Portfolio), Bill Nygren (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Wallace Weitz (Trades, Portfolio), Westport Asset Management (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Scott Black (Trades, Portfolio), Tom Russo (Trades, Portfolio), Ron Baron (Trades, Portfolio), Jeff Auxier (Trades, Portfolio), Michael Price (Trades, Portfolio), George Soros (Trades, Portfolio), Jim Simons (Trades, Portfolio), Ray Dalio (Trades, Portfolio), Prem Watsa (Trades, Portfolio) and First Eagle Investment (Trades, Portfolio) have shares of Precision Castparts in their portfolios.
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Davis purchased 1,254,619 shares of Advance Auto Parts Inc. ( AAP ), a Roanoke, Va.-based automotive replacement parts and accessories retailer, for an average price of $152.7 per share. George Soros Undervalued Stocks George Soros Top Growth Companies George Soros High Yield stocks Chuck Royce Undervalued Stocks Chuck Royce Top Growth Companies Chuck Royce High Yield stocks Chris Davis Undervalued Stocks Chris Davis Top Growth Companies Chris Davis High Yield stocks Cabot Oil & Gas has a market cap of $10.52 billion and an enterprise value of $12.5 billion. Davis' purchase made him Cabot Oil & Gas' leading shareholder among the gurus, but Pioneer Investments (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio), Jim Simons (Trades, Portfolio), Ray Dalio (Trades, Portfolio), Ron Baron (Trades, Portfolio), John Keeley (Trades, Portfolio), Dodge & Cox and T Boone Pickens (Trades, Portfolio) also have shares of Cabot Oil & Gas in their portfolios.
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11763.0
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2015-08-20 00:00:00 UTC
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Auto Stock Roundup: Tesla to Issue New Shares, GM to Import China-Made Buick
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-tesla-to-issue-new-shares-gm-to-import-china-made-buick-2015-08-20
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nan
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nan
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Tesla Motors, Inc.'s TSLA new public offer of shares was the biggest headline of the week in the auto sector. However, the news did not come as a surprise as speculations were rife the preceding week.
Another major development was General Motors Company's GM decision to import Buick vehicles made in China for sale in the U.S. Meanwhile, Ford Motor Co. F started the production of the new Ford Everest in China, albeit for sale in the Asian country itself, while Lear Corp. LEA acquired intellectual property and technology from a California-based company.
With the earnings season at its tail end, Advance Auto Parts Inc. AAP was the only company in the auto sector to report financial results last week. The automotive parts' supplier surpassed earnings estimates but narrowly missed on revenues. However, both earnings and revenues showed year-over-year improvement.
(Read last to last week's recap here: Auto Stock Roundup for Aug 13, 2015 )
Recap of the Week's Most Important Stories
1. Tesla revealed plans to offer $500 million worth of shares in an underwritten registered public offering, with a 30-day option to the underwriters to purchase another $75 million worth of shares. The company also revealed that CEO Elon Musk would purchase shares worth $20 million at the public offering price. In a SEC filing, Tesla revealed that around 2,100,000 shares will be issued (including 83,974 shares to be purchased by Musk), leading to net proceeds of $492.6 million. The quantity could increase to 2,415,000 shares, or $566.5 million, if the underwriters exercise all their options to purchase additional shares.
However, the next day, Tesla made another SEC filing which raised the number of shares to be issued to 2,694,934 (including 82,645 shares to be purchased by Musk), leading to net proceeds of $641.9 million. The quantity could increase to 3,099,173 shares, or $738.3 million, if the underwriters exercise all their options to purchase additional shares (read more: Tesla on an Upswing: Thanks to Stock Issue, Raised Target Price ).
2. Advance Auto Parts reported a 9.1% rise in adjusted comparable earnings to $2.27 per share in the second quarter of fiscal 2015 (ended Jul 18) from $2.08 in the prior-year quarter. Moreover, the figure topped the Zacks Consensus Estimate of $2.25. Revenues increased 1% year over year to $2.37 billion, marginally missing the Zacks Consensus Estimate of $2.38 billion. The year-over-year rise in sales was driven by benefits from the addition of new stores over the last 12 months and an increase in comparable store sales. Advance Auto Parts expects adjusted earnings per share in the range of $8.10-$8.30 for fiscal 2015 (read more: Advance Auto Parts' Q2 Earnings Beat Estimates, Rise Y/Y ).
3. General Motors plans to export Buick Envision vehicles from its Chinese plant to the U.S. by the end of 2016, per media reports. This will make General Motors the first automaker to import vehicles from China for sale in the U.S. The company initiated production of Envision in China last year. General Motors also plans to shift the production of most other Buick models, except the mid-sized LaCrosse sedan and the large Enclave crossover, to China or Europe soon (read more : General Motors to Sell China-made Buicks in US ).
4. Ford started producing the new Ford Everest in China, making it the first SUV jointly manufactured by the automaker with its Chinese commercial vehicle partner Jiangling Motors Corporation (JMC). The vehicle is being produced at the JMC Xiaolan Plant in Nanchang for the China market.
5. Lear Corp. announced the acquisition of intellectual property and technology from California-based Autonet Mobile. Lear Corp. also hired some important members of the Autonet Mobile's software and product development team. Autonet Mobile is a developer of software and devices for automotive applications. The acquisition will help Lear Corp in expanding its Electrical business.
Performance
The performance of most auto stocks was positive over the last one-week period. Advance Auto Parts gained the maximum, driven by the 9.2% surge in its share price on Aug 13, following its earnings release. Meanwhile, Honda Motor Co., Ltd. HMC lost the most over the week.
Driven by the surge in prices over the week as well as the general trend of an upward movement since May, Advance Auto Parts was the top gainer in the last six months. Meanwhile, General Motors was the worst performer over this period with a 16% loss.
What's Next in the Auto Space?
In the coming week, a few automakers will release their Europe auto sales data for July.
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FORD MOTOR CO (F): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
LEAR CORPORATN (LEA): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With the earnings season at its tail end, Advance Auto Parts Inc. AAP was the only company in the auto sector to report financial results last week. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Another major development was General Motors Company's GM decision to import Buick vehicles made in China for sale in the U.S.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. With the earnings season at its tail end, Advance Auto Parts Inc. AAP was the only company in the auto sector to report financial results last week. In a SEC filing, Tesla revealed that around 2,100,000 shares will be issued (including 83,974 shares to be purchased by Musk), leading to net proceeds of $492.6 million.
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With the earnings season at its tail end, Advance Auto Parts Inc. AAP was the only company in the auto sector to report financial results last week. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts expects adjusted earnings per share in the range of $8.10-$8.30 for fiscal 2015 (read more: Advance Auto Parts' Q2 Earnings Beat Estimates, Rise Y/Y ).
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With the earnings season at its tail end, Advance Auto Parts Inc. AAP was the only company in the auto sector to report financial results last week. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. General Motors plans to export Buick Envision vehicles from its Chinese plant to the U.S. by the end of 2016, per media reports.
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11764.0
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2015-08-19 00:00:00 UTC
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Ford (F) Recalls F-650 & F-750 Vehicles for Seat Belt Issue
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AAP
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https://www.nasdaq.com/articles/ford-f-recalls-f-650-f-750-vehicles-for-seat-belt-issue-2015-08-19
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nan
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nan
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Ford Motor Co.F announced a safety compliance recall for around 26,400 F-650 and F-750 vehicles, which may have seat belts that are not anchored properly. The recalled vehicles were produced at the Escobedo Assembly Plant between Feb 14, 2011 and Apr 28, 2015. 25,941 of the recalled vehicles are in the United States and federalized territories, and 417 vehicles are in Canada.
According to Ford, the front passenger and center seat belts of the recalled vehicles may not be anchored correctly. This raises the risk of injury in case of an accident. However, the company has not received any reports of such accidents or injuries.
Ford is still in the process of developing the service procedures to be followed to correct the error. The procedure is taking time due to the large number of cab and seat configurations offered on the recalled vehicles.
Safety recalls have become a frequent phenomenon for Ford as well as other automakers to ensure the safety of their vehicles. Last month, Ford announced a safety compliance recall due to a problem in the body control module of some Focus, C-MAX and Escape vehicles of model year 2015. The automaker recalled around 433,000 vehicles in North America to address this issue.
Ford currently carries a Zacks Rank #2 (Buy). Other well-ranked automobile stocks include Advance Auto Parts Inc. AAP , PACCAR Inc. PCAR and O'Reilly Automotive Inc. ORLY , all carrying a Zacks Rank #2.
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FORD MOTOR CO (F): Free Stock Analysis Report
PACCAR INC (PCAR): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other well-ranked automobile stocks include Advance Auto Parts Inc. AAP , PACCAR Inc. PCAR and O'Reilly Automotive Inc. ORLY , all carrying a Zacks Rank #2. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. The procedure is taking time due to the large number of cab and seat configurations offered on the recalled vehicles.
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Other well-ranked automobile stocks include Advance Auto Parts Inc. AAP , PACCAR Inc. PCAR and O'Reilly Automotive Inc. ORLY , all carrying a Zacks Rank #2. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Other well-ranked automobile stocks include Advance Auto Parts Inc. AAP , PACCAR Inc. PCAR and O'Reilly Automotive Inc. ORLY , all carrying a Zacks Rank #2. Ford Motor Co.F announced a safety compliance recall for around 26,400 F-650 and F-750 vehicles, which may have seat belts that are not anchored properly.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Other well-ranked automobile stocks include Advance Auto Parts Inc. AAP , PACCAR Inc. PCAR and O'Reilly Automotive Inc. ORLY , all carrying a Zacks Rank #2. Safety recalls have become a frequent phenomenon for Ford as well as other automakers to ensure the safety of their vehicles.
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11765.0
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2015-08-19 00:00:00 UTC
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Tesla on an Upswing: Thanks to Stock Issue, Raised Target Price
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AAP
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https://www.nasdaq.com/articles/tesla-on-an-upswing%3A-thanks-to-stock-issue-raised-target-price-2015-08-19
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nan
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nan
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Tesla Motors, Inc.TSLA has gained 9.5% over the last four trading sessions, driven by the announcement of a new common stock offering and later, by a 66% hike in target price by Morgan Stanley. On Aug 13, 2015, Tesla revealed its plans to offer $500 million worth of shares in an underwritten registered public offering, with a 30-day option to the underwriters to purchase another $75 million worth of shares. The company also revealed that CEO Elon Musk would purchase shares worth $20 million at the public offering price.
In a SEC filing made on the same day, Tesla revealed that around 2,100,000 shares will be issued (including 83,974 shares to be purchased by Musk), leading to net proceeds of $492.6 million. The quantity could increase to 2,415,000 shares, or $566.5 million, if the underwriters exercise all their options to purchase additional shares.
However, the next day, Tesla made another SEC filing which raised the number of shares to be issued to 2,694,934 (including 82,645 shares to be purchased by Musk), leading to net proceeds of $641.9 million. The quantity could increase to 3,099,173 shares, or $738.3 million, if the underwriters exercise all their options to purchase additional shares.
Tesla plans to use the proceeds from the offering to accelerate global growth of its business, including the expansion of its stores, service centers, Supercharger network and the Tesla Energy business; for the development and production of Model 3 and the Gigafactory and for other general corporate purposes.
While the news of the stock issue raised Tesla's share price by 2.1% on Aug 13 and 14, the stupendous increase in target price by Morgan Stanley to $465 from $280 led to a 4.9% upside in the price on Aug 17 and another 2.3% on Aug 18.
Tesla currently carries a Zacks Rank #3 (Hold). Better-ranked automobile stocks include Advance Auto Parts Inc. AAP , PACCAR Inc. PCAR and O'Reilly Automotive Inc. ORLY , all carrying a Zacks Rank #2 (Buy).
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PACCAR INC (PCAR): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked automobile stocks include Advance Auto Parts Inc. AAP , PACCAR Inc. PCAR and O'Reilly Automotive Inc. ORLY , all carrying a Zacks Rank #2 (Buy). Click to get this free report PACCAR INC (PCAR): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Tesla Motors, Inc.TSLA has gained 9.5% over the last four trading sessions, driven by the announcement of a new common stock offering and later, by a 66% hike in target price by Morgan Stanley.
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Click to get this free report PACCAR INC (PCAR): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked automobile stocks include Advance Auto Parts Inc. AAP , PACCAR Inc. PCAR and O'Reilly Automotive Inc. ORLY , all carrying a Zacks Rank #2 (Buy). In a SEC filing made on the same day, Tesla revealed that around 2,100,000 shares will be issued (including 83,974 shares to be purchased by Musk), leading to net proceeds of $492.6 million.
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Click to get this free report PACCAR INC (PCAR): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked automobile stocks include Advance Auto Parts Inc. AAP , PACCAR Inc. PCAR and O'Reilly Automotive Inc. ORLY , all carrying a Zacks Rank #2 (Buy). On Aug 13, 2015, Tesla revealed its plans to offer $500 million worth of shares in an underwritten registered public offering, with a 30-day option to the underwriters to purchase another $75 million worth of shares.
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Better-ranked automobile stocks include Advance Auto Parts Inc. AAP , PACCAR Inc. PCAR and O'Reilly Automotive Inc. ORLY , all carrying a Zacks Rank #2 (Buy). Click to get this free report PACCAR INC (PCAR): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. However, the next day, Tesla made another SEC filing which raised the number of shares to be issued to 2,694,934 (including 82,645 shares to be purchased by Musk), leading to net proceeds of $641.9 million.
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11766.0
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2015-08-14 00:00:00 UTC
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Company News for August 14, 2015
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AAP
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https://www.nasdaq.com/articles/company-news-for-august-14-2015-2015-08-14
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nan
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nan
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• Shares of Kohl's Corporation ( KSS ) lost 8.8% after the company reported second quarter earnings of $1.07 per share, 6.1% lower than the Zacks Consensus Estimate of $1.14
• Advance Auto Parts, Inc.'s ( AAP ) surged 9.2% after posting earnings of $2.27 per share for second quarter 2015, higher than the Zacks Consensus Estimate of $2.25
• Shares of Dillard's, Inc. ( DDS ) shares gained 2.4% after reporting earnings of $0.75 per share for second quarter 2015, higher than the Zacks Consensus Estimate of $0.73
• Tesla Motors Inc. ( TSLA ) increased 1.8% after the company announced it will sell $500 million worth of additional common stock shares. Company CEO Elon Musk said he will purchase $20 million of these shares
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KOHLS CORP (KSS): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Shares of Kohl's Corporation ( KSS ) lost 8.8% after the company reported second quarter earnings of $1.07 per share, 6.1% lower than the Zacks Consensus Estimate of $1.14 • Advance Auto Parts, Inc.'s ( AAP ) surged 9.2% after posting earnings of $2.27 per share for second quarter 2015, higher than the Zacks Consensus Estimate of $2.25 • Shares of Dillard's, Inc. ( DDS ) shares gained 2.4% after reporting earnings of $0.75 per share for second quarter 2015, higher than the Zacks Consensus Estimate of $0.73 • Tesla Motors Inc. ( TSLA ) increased 1.8% after the company announced it will sell $500 million worth of additional common stock shares. Click to get this free report KOHLS CORP (KSS): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Company CEO Elon Musk said he will purchase $20 million of these shares Want the latest recommendations from Zacks Investment Research?
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• Shares of Kohl's Corporation ( KSS ) lost 8.8% after the company reported second quarter earnings of $1.07 per share, 6.1% lower than the Zacks Consensus Estimate of $1.14 • Advance Auto Parts, Inc.'s ( AAP ) surged 9.2% after posting earnings of $2.27 per share for second quarter 2015, higher than the Zacks Consensus Estimate of $2.25 • Shares of Dillard's, Inc. ( DDS ) shares gained 2.4% after reporting earnings of $0.75 per share for second quarter 2015, higher than the Zacks Consensus Estimate of $0.73 • Tesla Motors Inc. ( TSLA ) increased 1.8% after the company announced it will sell $500 million worth of additional common stock shares. Click to get this free report KOHLS CORP (KSS): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Shares of Kohl's Corporation ( KSS ) lost 8.8% after the company reported second quarter earnings of $1.07 per share, 6.1% lower than the Zacks Consensus Estimate of $1.14 • Advance Auto Parts, Inc.'s ( AAP ) surged 9.2% after posting earnings of $2.27 per share for second quarter 2015, higher than the Zacks Consensus Estimate of $2.25 • Shares of Dillard's, Inc. ( DDS ) shares gained 2.4% after reporting earnings of $0.75 per share for second quarter 2015, higher than the Zacks Consensus Estimate of $0.73 • Tesla Motors Inc. ( TSLA ) increased 1.8% after the company announced it will sell $500 million worth of additional common stock shares. Click to get this free report KOHLS CORP (KSS): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Shares of Kohl's Corporation ( KSS ) lost 8.8% after the company reported second quarter earnings of $1.07 per share, 6.1% lower than the Zacks Consensus Estimate of $1.14 • Advance Auto Parts, Inc.'s ( AAP ) surged 9.2% after posting earnings of $2.27 per share for second quarter 2015, higher than the Zacks Consensus Estimate of $2.25 • Shares of Dillard's, Inc. ( DDS ) shares gained 2.4% after reporting earnings of $0.75 per share for second quarter 2015, higher than the Zacks Consensus Estimate of $0.73 • Tesla Motors Inc. ( TSLA ) increased 1.8% after the company announced it will sell $500 million worth of additional common stock shares. Click to get this free report KOHLS CORP (KSS): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report DILLARDS INC-A (DDS): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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11767.0
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2015-08-14 00:00:00 UTC
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Advance Auto Parts (AAP) in Focus: Stock Climbs 9.2%
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-in-focus%3A-stock-climbs-9.2-2015-08-14
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nan
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nan
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Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares climb over 9% on the day. Shares gained after the company's second-quarter 2015 profits beat estimates. The news led to far more shares changing hands than in a normal session resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading at $187.79, above the volatile price range of $167.21 to $175.27 in the past one-month time frame.
None of the estimates for this auto parts stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Advance Auto Parts currently carries a Zacks Rank #4 (Sell).
A better-ranked stock in the same industry is O'Reilly Automotive Inc. ( ORLY ), carrying a Zacks Rank #2 (Buy).
Is AAP going up? Or down? Predict to see what others think: Up or Down
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares climb over 9% on the day. Is AAP going up? Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares climb over 9% on the day. Is AAP going up?
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Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares climb over 9% on the day. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Is AAP going up?
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Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares climb over 9% on the day. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Is AAP going up?
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11768.0
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2015-08-13 00:00:00 UTC
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Auto Stock Roundup: Tata Motors Earnings & Ford China Sales Fall
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-tata-motors-earnings-ford-china-sales-fall-2015-08-13
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nan
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nan
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The going was not great for the auto sector last week. Most stocks recorded losses, led by Tesla Motors, Inc. TSLA , which tanked following its second-quarter release.
Even the other developments over the week were mostly negative. Tata Motors Limited TTM reported a significant decline in earnings and revenues for the quarter ended Jun 2015, while Ford Motor Co.'s F China sales for July and year-to-date deteriorated from the year-ago levels. Winnebago Industries, Inc.'s WGO CEO and president retired last week.
The only noteworthy positive developments were General Motors Company's GM plans to boost Cadillac sales and Honda Motor Co., Ltd.'s HMC plans for start delivery of HondaJets in the U.S.
(Read last to last week's recap here: Auto Stock Roundup for Aug 6, 2015 )
Recap of the Week's Most Important Stories
1. Tata Motors' earnings declined to INR8.33 per ordinary share (65 cents per American Depositary Share or ADS) for the first quarter of fiscal 2016 (ended Jun 30, 2015) from INR16.58 per share ($1.38 per ADS) in the year-ago quarter. Consolidated revenues decreased 5.7% year over year to INR610.20 billion ($9.59 billion). This decline stemmed from lower sales and a weaker geographic mix at Jaguar Land Rover, partially offset by strong revenue growth in the standalone business on the back of continued medium and heavy commercial vehicle growth.
2. General Motors plans to boost Cadillac brand sales to half a million vehicles worldwide by 2020. This year, the automaker targets to sell 275,000 Cadillac vehicles. The automaker expects Cadillac sales to touch 350,000 in 2018 and 400,000 in 2019. With this increase in annual sales, the market share of the luxury vehicle brand is expected to increase to 5% in 2020 from 3.4% in 2015. Cadillac will focus on spreading its dealer network in the U.S. to achieve the sales target (read more: General Motors Aims 500,000 Cadillac Vehicle Sales by 2020 ).
3. Ford sold 77,100 vehicles in China in Jul 2015. This reflects a 6% year-over-year decrease from 81,911 units sold in Jul 2014. Sales of Ford in the world's largest automobile market totaled 620,588 units in the first seven months of 2015, reflecting a 0.7% decline from 624,944 vehicles sold in the same period of 2014 (read more: Ford's China Retail Sales Decline 6% in July & 0.7% YTD ).
4. Winnebago announced the retirement of Randy Potts, the chairman of the board, and CEO and president of the company on Aug 6, 2015. The company's former chairman and CEO Robert Olson will serve as the interim CEO till the board finds someone suitable.
5. Honda plans to start delivering its four-passenger HondaJets in the U.S. from late summer, subject to the attainment of the final certification. The company also plans to start deliveries in Brazil from 2017. The company has 20 HondaJets in the final stages of assembly and will be able to produce one aircraft per week once it gets the final approval from the authorities.
Performance
Performance of most auto stocks was toward the negative side over the last one-week period. Tesla lost the maximum due to an 8.9% loss in a single trading session following the release of its second-quarter financial results. The stock continued to move down thereafter, with only marginal recovery recorded on Aug 12. Meanwhile, AutoZone led the list of gainers with only a 1.3% improvement over the week.
Despite losing close to 12% over the week, Tesla was the top gainer in the last six months. Meanwhile, General Motors was the worst performer over this period with a 17.9% loss.
What's Next in the Auto Space?
Advance Auto Parts Inc. AAP will report its second-quarter financial results before the market opens today. In the coming week, a few automakers will release their China and Europe auto sales data for July.
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FORD MOTOR CO (F): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
TATA MOTORS-ADR (TTM): Free Stock Analysis Report
WINNEBAGO (WGO): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. AAP will report its second-quarter financial results before the market opens today. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report WINNEBAGO (WGO): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. The only noteworthy positive developments were General Motors Company's GM plans to boost Cadillac sales and Honda Motor Co., Ltd.'s HMC plans for start delivery of HondaJets in the U.S. (Read last to last week's recap here: Auto Stock Roundup for Aug 6, 2015 ) Recap of the Week's Most Important Stories 1.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report WINNEBAGO (WGO): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP will report its second-quarter financial results before the market opens today. Tata Motors Limited TTM reported a significant decline in earnings and revenues for the quarter ended Jun 2015, while Ford Motor Co.'s F China sales for July and year-to-date deteriorated from the year-ago levels.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report WINNEBAGO (WGO): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP will report its second-quarter financial results before the market opens today. The only noteworthy positive developments were General Motors Company's GM plans to boost Cadillac sales and Honda Motor Co., Ltd.'s HMC plans for start delivery of HondaJets in the U.S. (Read last to last week's recap here: Auto Stock Roundup for Aug 6, 2015 ) Recap of the Week's Most Important Stories 1.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report WINNEBAGO (WGO): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP will report its second-quarter financial results before the market opens today. Most stocks recorded losses, led by Tesla Motors, Inc. TSLA , which tanked following its second-quarter release.
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11769.0
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2015-08-13 00:00:00 UTC
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Consumer Sector Update for 08/13/2015: CPA, AAP, CCE
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AAP
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https://www.nasdaq.com/articles/consumer-sector-update-08132015-cpa-aap-cce-2015-08-13
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nan
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nan
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Top Consumer Shares:
WMT: flat
MCD: -0.2%
DIS: flat
CVS: flat
KO: flat
GE: flat
Consumer shares were mainly flat ahead of the opening bell Thursday.
In consumer stocks news, Copa Holdings, S.A ( CPA ), a Latin American provider of airline passenger and cargo service, has been downgraded by analysts at Credit Suisse to a neutral rating from outperform.
Shares in the company were unchanged at $66.95 pre-bell. Over the past 52 weeks, the company has traded between $72.32 and $130.57.
Advance Auto Parts ( AAP ), a provider of automotive aftermarket parts, posted pre-market Thursday slightly better-than-expected earnings for Q2 on revenues that narrowly missed forecasts, and reiterated in line guidance for full-year EPS.
Q2 comparable cash EPS rose to $2.27 from $2.08 per share a year earlier, beating the mean estimate by two cents. Comparable operating income rose to $285.5 million from $262.7 million.
Shares in the company were unchanged at $171.50 pre-bell. Over the past 52 weeks, the company has traded between $122.68 and $177.22.
And Coca-Cola Enterprises ( CCE ), which markets, produces and distributes non-alcoholic beverages, has been upgraded by analysts at CLSA to an outperform rating from underperform. Price target information was not available.
Shares in the company were unchanged at $52.82 pre-bell. Over the past 52 weeks, the company has traded between $39.05 and $53.79.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts ( AAP ), a provider of automotive aftermarket parts, posted pre-market Thursday slightly better-than-expected earnings for Q2 on revenues that narrowly missed forecasts, and reiterated in line guidance for full-year EPS. In consumer stocks news, Copa Holdings, S.A ( CPA ), a Latin American provider of airline passenger and cargo service, has been downgraded by analysts at Credit Suisse to a neutral rating from outperform. Q2 comparable cash EPS rose to $2.27 from $2.08 per share a year earlier, beating the mean estimate by two cents.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts ( AAP ), a provider of automotive aftermarket parts, posted pre-market Thursday slightly better-than-expected earnings for Q2 on revenues that narrowly missed forecasts, and reiterated in line guidance for full-year EPS. DIS: flat CVS: flat KO: flat GE: flat Consumer shares were mainly flat ahead of the opening bell Thursday.
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Advance Auto Parts ( AAP ), a provider of automotive aftermarket parts, posted pre-market Thursday slightly better-than-expected earnings for Q2 on revenues that narrowly missed forecasts, and reiterated in line guidance for full-year EPS. DIS: flat CVS: flat KO: flat GE: flat Consumer shares were mainly flat ahead of the opening bell Thursday. Shares in the company were unchanged at $66.95 pre-bell.
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Advance Auto Parts ( AAP ), a provider of automotive aftermarket parts, posted pre-market Thursday slightly better-than-expected earnings for Q2 on revenues that narrowly missed forecasts, and reiterated in line guidance for full-year EPS. Top Consumer Shares: WMT: flat DIS: flat CVS: flat KO: flat GE: flat Consumer shares were mainly flat ahead of the opening bell Thursday.
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11770.0
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2015-08-13 00:00:00 UTC
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Why Advance Auto Parts, Inc. Shares Advanced Today
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AAP
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https://www.nasdaq.com/articles/why-advance-auto-parts-inc-shares-advanced-today-2015-08-13
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nan
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nan
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What: Shares of auto parts retailer Advance Auto Parts surged as much as 11.8% today after its quarterly results and full-year outlook topped Wall Street expectations.
So what: Advanced Auto shares have been fueled recently by its July inclusion into the S&P 500, and today's bottom-line beat -- Q2 adjusted EPS of $2.27 versus the consensus of $2.25 -- coupled with solid full-year guidance should only draw more positive attention to the company. Advance Auto is still in the process of digesting its January 2014 purchase of General Parts International, so while Q2 revenue of $2.37 billion slightly missed estimates, improved margins during the quarter suggest that the integration remains right on track.
Now what: Management maintained its full-year EPS guidance of $8.10 to $8.30, versus the average analyst estimate of $8.25. "Our teams once again delivered on our synergy expectations, expanded our core gross margins and demonstrated expense discipline to grow our Comparable Operating Income 8.7% in the quarter," said Vice President and CFO Mike Norona. "We continue to stay focused on our base business while meeting our integration milestones and remain on pace to deliver against our full-year guidance." Of course, with Advance Auto shares up more than 50% from their 52-week lows and trading at a 20-plus forward P/E, much of that guidance might already be baked well into the valuation.
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The article Why Advance Auto Parts, Inc. Shares Advanced Today originally appeared on Fool.com.
Brian Pacampara has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So what: Advanced Auto shares have been fueled recently by its July inclusion into the S&P 500, and today's bottom-line beat -- Q2 adjusted EPS of $2.27 versus the consensus of $2.25 -- coupled with solid full-year guidance should only draw more positive attention to the company. Advance Auto is still in the process of digesting its January 2014 purchase of General Parts International, so while Q2 revenue of $2.37 billion slightly missed estimates, improved margins during the quarter suggest that the integration remains right on track. "Our teams once again delivered on our synergy expectations, expanded our core gross margins and demonstrated expense discipline to grow our Comparable Operating Income 8.7% in the quarter," said Vice President and CFO Mike Norona.
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What: Shares of auto parts retailer Advance Auto Parts surged as much as 11.8% today after its quarterly results and full-year outlook topped Wall Street expectations. The article Why Advance Auto Parts, Inc. Shares Advanced Today originally appeared on Fool.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What: Shares of auto parts retailer Advance Auto Parts surged as much as 11.8% today after its quarterly results and full-year outlook topped Wall Street expectations. So what: Advanced Auto shares have been fueled recently by its July inclusion into the S&P 500, and today's bottom-line beat -- Q2 adjusted EPS of $2.27 versus the consensus of $2.25 -- coupled with solid full-year guidance should only draw more positive attention to the company. The Motley Fool has no position in any of the stocks mentioned.
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So what: Advanced Auto shares have been fueled recently by its July inclusion into the S&P 500, and today's bottom-line beat -- Q2 adjusted EPS of $2.27 versus the consensus of $2.25 -- coupled with solid full-year guidance should only draw more positive attention to the company. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
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11771.0
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2015-08-13 00:00:00 UTC
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Advance Auto Parts' Q2 Earnings Beat Estimates, Rise Y/Y
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-q2-earnings-beat-estimates-rise-y-y-2015-08-13
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nan
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Advance Auto Parts Inc.AAP reported a 9.1% rise in adjusted comparable earnings to $2.27 per share in the second quarter of fiscal 2015 (ended Jul 18, 2015) from $2.08 in the prior-year quarter. Moreover, the figure topped the Zacks Consensus Estimate of $2.25. Adjusted net earnings increased 9.4% to $167.6 million from $153.2 million in the second quarter of fiscal 2014.
Advance Auto Parts Inc. - Earnings Surprise | FindTheBest
Revenues went up 1% year over year to $2.37 billion, marginally missing the Zacks Consensus Estimate of $2.38 billion. The year-over-year rise in sales was driven by benefits from the addition of new stores over the last 12 months and an increase in comparable store sales that inched up 1% in the reported quarter compared with 2.6% growth a year ago.
Gross profit improved 2.4% to $1.09 billion, or 45.9% of sales in the quarter, compared with $1.06 billion or 45.2% of sales a year ago. The increase in gross profit margin can be attributed to lower product acquisition costs, including merchandise cost synergies.
Comparable selling, general and administrative (SG&A) expenses totaled $801.8 million or 33.8% of sales in the quarter under review, compared with $799.4 million or 34% of sales in the second quarter of fiscal 2014. The decline in SG&A margin resulted from lower insurance and administrative costs, partially offset by expense deleverage arising from low comparable store sales growth.
Comparable operating income increased 8.7% to $285.5 million from $262.7 million in the second quarter of fiscal 2014. Operating margin stood at 12% versus 11.2% a year ago.
Store Openings
During the 28-week period ended Jul 18, 2015, Advance Auto Parts opened 63 stores and closed 8. Also, the company consolidated 58 stores. As of Jul 18, 2015, the company's total store count stood at 5,252, including 117 Worldpac branches. Advance Auto Parts served roughly 1,300 independently owned Carquest stores as of that date.
Dividend
The board of directors of Advance Auto Parts declared a regular quarterly dividend of 6 cents per share, payable on Oct 2, to stockholders on record as of Sep 18, 2015.
Financial Position
Advance Auto Parts had cash and cash equivalents of $114.5 million as of Jul 18, 2015, implying a significant increase from $67.4 million as of Jul 12, 2014. Total long-term debt was $1.45 billion as of Jul 18, 2015 compared with $1.87 billion as of Jul 12, 2014.
During the first half of fiscal 2015, operating cash flow was $330.8 million compared with $320.6 million in the same period of fiscal 2014. Free cash flow in the period amounted to $216.3 million against $214.3 million in the same period a year ago. Capital expenditures in the said period amounted to $114.5 million compared with $106.3 million a year ago.
Outlook
Advance Auto Parts envisions adjusted earnings per share in the range of $8.10-$8.30 in fiscal 2015. The company plans to close 50 stores in the second half of fiscal 2015 to meet its comparable operating profit target of 12% in 2016. These will lead to one-time expenses of $16-$20 million this fiscal year, taking the total expected one-time expenses to $91-$105 million.
Zacks Rank
Advance Auto Parts currently carries a Zacks Rank #4 (Sell). Better-ranked auto stocks include Harley-Davidson, Inc. HOG , PACCAR Inc. PCAR and O'Reilly Automotive Inc. ORLY , all carrying a Zacks Rank #2 (Buy).
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
PACCAR INC (PCAR): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
HARLEY-DAVIDSON (HOG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc.AAP reported a 9.1% rise in adjusted comparable earnings to $2.27 per share in the second quarter of fiscal 2015 (ended Jul 18, 2015) from $2.08 in the prior-year quarter. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. The decline in SG&A margin resulted from lower insurance and administrative costs, partially offset by expense deleverage arising from low comparable store sales growth.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP reported a 9.1% rise in adjusted comparable earnings to $2.27 per share in the second quarter of fiscal 2015 (ended Jul 18, 2015) from $2.08 in the prior-year quarter. Comparable selling, general and administrative (SG&A) expenses totaled $801.8 million or 33.8% of sales in the quarter under review, compared with $799.4 million or 34% of sales in the second quarter of fiscal 2014.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP reported a 9.1% rise in adjusted comparable earnings to $2.27 per share in the second quarter of fiscal 2015 (ended Jul 18, 2015) from $2.08 in the prior-year quarter. The year-over-year rise in sales was driven by benefits from the addition of new stores over the last 12 months and an increase in comparable store sales that inched up 1% in the reported quarter compared with 2.6% growth a year ago.
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Advance Auto Parts Inc.AAP reported a 9.1% rise in adjusted comparable earnings to $2.27 per share in the second quarter of fiscal 2015 (ended Jul 18, 2015) from $2.08 in the prior-year quarter. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Gross profit improved 2.4% to $1.09 billion, or 45.9% of sales in the quarter, compared with $1.06 billion or 45.2% of sales a year ago.
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11772.0
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2015-08-12 00:00:00 UTC
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Pre-Market Earnings Report for August 13, 2015 : AAP, KSS, CPG, PAH, COTY, IOC, GK, VRTV, PFNX, CAAS, TGA, KNOP
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-august-13-2015-aap-kss-cpg-pah-coty-ioc-gk-vrtv-pfnx-caas-tga
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The following companies are expected to report earnings prior to market open on 08/13/2015. Visit our Earnings Calendar for a full list of expected earnings releases.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2015. The wholesale retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $2.25. This value represents a 8.17% increase compared to the same quarter last year. AAP missed the consensus earnings per share in the 1st calendar quarter of 2015 by -4.4%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 20.84 vs. an industry ratio of 19.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Kohl's Corporation ( KSS ) is reporting for the quarter ending July 31, 2015. The retail company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.14. This value represents a 0.88% increase compared to the same quarter last year. KSS missed the consensus earnings per share in the 4th calendar quarter of 2014 by -7.89%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for KSS is 13.59 vs. an industry ratio of 3.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Crescent Point Energy Corporation ( CPG ) is reporting for the quarter ending June 30, 2015. The oil company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.02. This value represents a 94.87% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for CPG is 196.71 vs. an industry ratio of 16.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Platform Specialty Products Corporation ( PAH ) is reporting for the quarter ending June 30, 2015. The chemical company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.31. This value represents a 72.22% increase compared to the same quarter last year. PAH missed the consensus earnings per share in the 1st calendar quarter of 2015 by -4.55%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for PAH is 19.23 vs. an industry ratio of 18.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Coty Inc. ( COTY ) is reporting for the quarter ending June 30, 2015. The cosmetic & toiletries company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.07. This value represents a 250.00% increase compared to the same quarter last year. COTY missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -80%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for COTY is 30.27 vs. an industry ratio of 17.10, implying that they will have a higher earnings growth than their competitors in the same industry.
InterOil Corporation ( IOC ) is reporting for the quarter ending June 30, 2015. The oil company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.32. This value represents a 3.23% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for IOC is -32.34 vs. an industry ratio of 59.70.
G&K Services, Inc. ( GK ) is reporting for the quarter ending June 30, 2015. The uniform company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.83. This value represents a 9.21% increase compared to the same quarter last year. In the past year GK has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2015 Price to Earnings ratio for GK is 20.52 vs. an industry ratio of 20.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Veritiv Corporation ( VRTV ) is reporting for the quarter ending June 30, 2015. The paper company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.86. This value represents a 509.52% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for VRTV is 8.97 vs. an industry ratio of 14.20.
Pfenex Inc. ( PFNX ) is reporting for the quarter ending June 30, 2015. The consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.38. PFNX reported earnings of $-1.67 per share for the same quarter a year ago; representing a a decrease of -77.25%.The days to cover, as reported in the 7/15/2015 short interest update, increased 337.95% from previous report on 6/30/2015.
China Automotive Systems, Inc. ( CAAS ) is reporting for the quarter ending June 30, 2015. The auto (truck) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.21. This value represents a 46.15% decrease compared to the same quarter last year. In the past year CAAS has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 13.04%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for CAAS is 6.76 vs. an industry ratio of 23.90.
Transglobe Energy Corp ( TGA ) is reporting for the quarter ending June 30, 2015. The oil company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.01. This value represents a 102.86% decrease compared to the same quarter last year. The last two quarters TGA had negative earnings surprises; the latest report they missed by -466.67%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for TGA is -14.85 vs. an industry ratio of 16.50.
KNOT Offshore Partners LP ( KNOP ) is reporting for the quarter ending June 30, 2015. The shipping company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.42. This value represents a 10.64% decrease compared to the same quarter last year. In the past year KNOP has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 65.96%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for KNOP is 8.22 vs. an industry ratio of -1.00, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2015. AAP missed the consensus earnings per share in the 1st calendar quarter of 2015 by -4.4%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 20.84 vs. an industry ratio of 19.50, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 20.84 vs. an industry ratio of 19.50, implying that they will have a higher earnings growth than their competitors in the same industry. Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2015. AAP missed the consensus earnings per share in the 1st calendar quarter of 2015 by -4.4%.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2015. AAP missed the consensus earnings per share in the 1st calendar quarter of 2015 by -4.4%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 20.84 vs. an industry ratio of 19.50, implying that they will have a higher earnings growth than their competitors in the same industry.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2015. AAP missed the consensus earnings per share in the 1st calendar quarter of 2015 by -4.4%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 20.84 vs. an industry ratio of 19.50, implying that they will have a higher earnings growth than their competitors in the same industry.
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11773.0
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2015-08-11 00:00:00 UTC
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Advance Auto Parts (AAP) Q2 Earnings: A Surprise in Store?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q2-earnings%3A-a-surprise-in-store-2015-08-11
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nan
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nan
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Advance Auto Parts Inc.AAP is expected to report second-quarter 2015 results on Aug 13. In the last quarter, the company posted a negative earnings surprise of 4.40%. Let's see how things are shaping up for this announcement.
Factors Influencing this Quarter
Advance Auto Parts drives profits through its relentless focus on store expansion. During the 16-week period ended Apr 25, 2015, the company opened 25 stores. The rise in store count ensures higher availability of parts, thereby leading to higher sales. Advance Auto Parts is also poised to benefit from growing stability in the industry and an increasing average age of vehicles, along with a rise in the number of miles driven. The combination of a steadily improving job market and lower gasoline prices are also likely to boost the company's results.
However, price competition poses a serious threat to Advance Auto Parts as it competes with national and regional automotive retailers. Moreover, the improvement in the quality of new vehicles leads to reduced need for the maintenance and repair of parts. This, in turn, hampers demand in the automotive maintenance market.
Earnings Whispers
Our proven model does not conclusively show that Advance Auto Parts is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, #2 or #3 for this to happen. This is not the case here, as you will see below:
Zacks ESP: Advance Auto Parts' Earnings ESP is 0.00% as the Most Accurate estimate stands and Zacks Consensus Estimate both stand at $2.25.
Zacks Rank: Advance Auto Parts carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Copart, Inc. CPRT will report fourth-quarter fiscal 2015 results on Sep 22. The company has a Zacks Rank #2 (Buy).
AutoZone, Inc. AZO , will post fourth-quarter fiscal 2015 financial results on Sep 22. The company has a Zacks Rank #3 (Hold).
CarMax Inc. KMX will release second-quarter fiscal 2016 results on Sep 22. The company carries a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
COPART INC (CPRT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc.AAP is expected to report second-quarter 2015 results on Aug 13. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report COPART INC (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Factors Influencing this Quarter Advance Auto Parts drives profits through its relentless focus on store expansion.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report COPART INC (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP is expected to report second-quarter 2015 results on Aug 13. This is not the case here, as you will see below: Zacks ESP: Advance Auto Parts' Earnings ESP is 0.00% as the Most Accurate estimate stands and Zacks Consensus Estimate both stand at $2.25.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report COPART INC (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP is expected to report second-quarter 2015 results on Aug 13. This is not the case here, as you will see below: Zacks ESP: Advance Auto Parts' Earnings ESP is 0.00% as the Most Accurate estimate stands and Zacks Consensus Estimate both stand at $2.25.
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Advance Auto Parts Inc.AAP is expected to report second-quarter 2015 results on Aug 13. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report COPART INC (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. This, in turn, hampers demand in the automotive maintenance market.
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11774.0
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2015-07-21 00:00:00 UTC
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Is Advance Auto Parts, Inc. Still a Good Value?
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-still-good-value-2015-07-21
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nan
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nan
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Back in October of last year, I took a look at the investment prospects for Advance Auto Parts, (NYSE: AAP) stock. The investment case for buying the stock rests on the successful integration of General Parts International, a deal that results in Advance Auto becoming the largest auto parts retailer in the U.S.
With the stock up more than 25% since October, I thought it would be time to update investors on progress with the integration. Is it going smoothly enough to justify the stock price move?
Valuation discount?
As you can see in the following chart, the company's valuation discount has closed thanks to the recent run-up in the stock. Incidentally, I'm using enterprise value (market cap plus net debt) to earnings before interest tax depreciation and amortization as a benchmark because it's the most commonly used metric in takeover activity.
AAP EV to EBITDA (Forward) data by YCharts .
Of course, a large part of the assumptions made over future EBITDA are made on the basis of the benefits of the General Parts International acquisition. With that said, let's look at a slideshow to see how the integration is faring according to the plan and whether the stock's risk/reward profile is still attractive.
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This $19 trillion industry could destroy the Internet
One bleeding-edge technology is about to put the World Wide Web to bed. And if you act quickly, you could be among the savvy investors who enjoy the profits from this stunning change. Experts are calling it the single largest business opportunity in the history of capitalism... The Economist is calling it "transformative"... But you'll probably just call it "how I made my millions." Don't be too late to the party -- click here for one stock to own when the Web goes dark.
The article Is Advance Auto Parts, Inc. Still a Good Value? originally appeared on Fool.com.
Lee Samaha has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Back in October of last year, I took a look at the investment prospects for Advance Auto Parts, (NYSE: AAP) stock. AAP EV to EBITDA (Forward) data by YCharts . The investment case for buying the stock rests on the successful integration of General Parts International, a deal that results in Advance Auto becoming the largest auto parts retailer in the U.S. With the stock up more than 25% since October, I thought it would be time to update investors on progress with the integration.
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This $19 trillion industry could destroy the Internet One bleeding-edge technology is about to put the World Wide Web to bed. Back in October of last year, I took a look at the investment prospects for Advance Auto Parts, (NYSE: AAP) stock. AAP EV to EBITDA (Forward) data by YCharts .
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Back in October of last year, I took a look at the investment prospects for Advance Auto Parts, (NYSE: AAP) stock. AAP EV to EBITDA (Forward) data by YCharts . The investment case for buying the stock rests on the successful integration of General Parts International, a deal that results in Advance Auto becoming the largest auto parts retailer in the U.S. With the stock up more than 25% since October, I thought it would be time to update investors on progress with the integration.
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Back in October of last year, I took a look at the investment prospects for Advance Auto Parts, (NYSE: AAP) stock. AAP EV to EBITDA (Forward) data by YCharts . The investment case for buying the stock rests on the successful integration of General Parts International, a deal that results in Advance Auto becoming the largest auto parts retailer in the U.S. With the stock up more than 25% since October, I thought it would be time to update investors on progress with the integration.
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11775.0
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2015-07-20 00:00:00 UTC
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March 2016 Options Now Available For Advance Auto Parts (AAP)
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AAP
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https://www.nasdaq.com/articles/march-2016-options-now-available-advance-auto-parts-aap-2015-07-20
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nan
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nan
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Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the March 2016 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 242 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAP options chain for the new March 2016 contracts and identified one put and one call contract of particular interest.
The put contract at the $165.00 strike price has a current bid of $9.20. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $165.00, but will also collect the premium, putting the cost basis of the shares at $155.80 (before broker commissions). To an investor already interested in purchasing shares of AAP, that could represent an attractive alternative to paying $168.58/share today.
Because the $165.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 58%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 5.58% return on the cash commitment, or 8.41% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Advance Auto Parts Inc, and highlighting in green where the $165.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $170.00 strike price has a current bid of $11.10. If an investor was to purchase shares of AAP stock at the current price level of $168.58/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $170.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 7.43% if the stock gets called away at the March 2016 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $170.00 strike highlighted in red:
Considering the fact that the $170.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 48%. On our website under the contract detail page for this contract , Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.58% boost of extra return to the investor, or 9.93% annualized, which we refer to as the YieldBoost .
The implied volatility in the put contract example is 23%, while the implied volatility in the call contract example is 25%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $168.58) to be 22%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAP shares really soar, which is why looking at the trailing twelve month trading history for Advance Auto Parts Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAP's trailing twelve month trading history, with the $170.00 strike highlighted in red: Considering the fact that the $170.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the March 2016 expiration.
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Below is a chart showing AAP's trailing twelve month trading history, with the $170.00 strike highlighted in red: Considering the fact that the $170.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the March 2016 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAP options chain for the new March 2016 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAP's trailing twelve month trading history, with the $170.00 strike highlighted in red: Considering the fact that the $170.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the March 2016 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAP options chain for the new March 2016 contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel , our YieldBoost formula has looked up and down the AAP options chain for the new March 2016 contracts and identified one put and one call contract of particular interest. Below is a chart showing AAP's trailing twelve month trading history, with the $170.00 strike highlighted in red: Considering the fact that the $170.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advance Auto Parts Inc (Symbol: AAP) saw new options become available today, for the March 2016 expiration.
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11776.0
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2015-07-10 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Advance Auto Parts, Toyota Motor, Tesla Motors, General Motors and Ford Motor - Press Releases
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AAP
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-advance-auto-parts-toyota-motor-tesla-motors-general
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For Immediate Release
Chicago, IL - July 10, 2015 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Advance Auto Parts Inc. ( AAP ), Toyota Motor Corporation ( TM ), Tesla Motors, Inc. ( TSLA ), General Motors Co. ( GM ) and Ford Motor Co. ( F ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Thursday's Analyst Blog:
Auto Stock Roundup
Positive developments swept across in the auto industry over the last week. Advance Auto Parts Inc. ( AAP ) became the newest member of the S&P 500, while Toyota Motor Corporation ( TM ) added a feather in its cap as the first automaker to sell over 1 million vehicles in the Philippines. Meanwhile, Tesla Motors, Inc. ( TSLA ) reported record delivery data for the second quarter of 2015.
Additionally, General Motors Co. ( GM ) and Ford Motor Co. ( F ) reported the China sales data for June and first-half 2015. While the sales figures for the six-month period improved year over year, sales in June declined for both companies.
(Read last to last week's recap here: Auto Stock Roundup for Jul 2, 2015 )
Recap of the Week's Most Important Stories
1. Advance Auto Parts became a component of the S&P 500 on Jul 8, 2015. The auto parts retailer replaced Family Dollar Stores, which was acquired by Dollar Tree, Inc., in the index. Advance Auto Parts will now be a constituent of the S&P 500 GICS (Global Industry Classification Standard) Automotive Retail Sub-Industry index. Previously, the company was part of the S&P MidCap 400 index (read more: Advance Auto Parts Hits 52-Week High on S&P 500 Inclusion ).
2. Tesla delivered 11,507 vehicles in the second quarter of 2015, representing an impressive 52% improvement over the second quarter of 2014. This is a record high for Tesla. Moreover, the figure surpassed the automaker's target of 10,000-11,000 deliveries in the quarter. Shares of Tesla surged to $282.45, the highest in 10 months, on Jul 2, after the electric carmaker revealed the vehicle deliveries data (read more: Tesla Hits 10-Month High on Record Vehicle Deliveries in Q2 ).
3. General Motors and its joint ventures in China reported a 4.4% year-over-year increase in retail sales in the first half of 2015, taking the figure to 1,719,202 vehicles. The improved performance was driven by General Motors' enhanced mix of SUVs and MPVs. General Motors and its joint ventures in China also reported June sales of 246,066 vehicles in the nation, down from 257,798 units in Jun 2014 (read more: General Motors' China Sales Rise 4.4% in First-Half 2015 ).
4. Ford sold 83,506 vehicles in China in Jun 2015. This reflects a 3% year-over-year decrease from May 2014. Sales of Ford in the world's largest automobile market totaled 543,488 units in the first half of 2015, marginally higher than 543,033 vehicles sold in the same period of 2014. It is worth noting that Ford has started reporting only retail sales from May 2015 as opposed to wholesale figures reported earlier.
5. Toyota made it official that it is the first automaker to sell over 1 million vehicles in the Philippines. The automaker achieved this milestone in April this year, as Toyota Motor Philippines Corporation ("TMP") sold 9,467 units in the country. TMP is a joint venture of GT Capital Holdings, Inc., Toyota Motor Corporation and Mitsui & Co. Ltd. (read more: Toyota Completes 1 Million Vehicle Sales in Philippines ).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ) became the newest member of the S&P 500, while Toyota Motor Corporation ( TM ) added a feather in its cap as the first automaker to sell over 1 million vehicles in the Philippines. Stocks recently featured in the blog include the Advance Auto Parts Inc. ( AAP ), Toyota Motor Corporation ( TM ), Tesla Motors, Inc. ( TSLA ), General Motors Co. ( GM ) and Ford Motor Co. ( F ). Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include the Advance Auto Parts Inc. ( AAP ), Toyota Motor Corporation ( TM ), Tesla Motors, Inc. ( TSLA ), General Motors Co. ( GM ) and Ford Motor Co. ( F ). Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) became the newest member of the S&P 500, while Toyota Motor Corporation ( TM ) added a feather in its cap as the first automaker to sell over 1 million vehicles in the Philippines.
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Stocks recently featured in the blog include the Advance Auto Parts Inc. ( AAP ), Toyota Motor Corporation ( TM ), Tesla Motors, Inc. ( TSLA ), General Motors Co. ( GM ) and Ford Motor Co. ( F ). Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) became the newest member of the S&P 500, while Toyota Motor Corporation ( TM ) added a feather in its cap as the first automaker to sell over 1 million vehicles in the Philippines.
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Stocks recently featured in the blog include the Advance Auto Parts Inc. ( AAP ), Toyota Motor Corporation ( TM ), Tesla Motors, Inc. ( TSLA ), General Motors Co. ( GM ) and Ford Motor Co. ( F ). Advance Auto Parts Inc. ( AAP ) became the newest member of the S&P 500, while Toyota Motor Corporation ( TM ) added a feather in its cap as the first automaker to sell over 1 million vehicles in the Philippines. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report To read this article on Zacks.com click here.
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11777.0
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2015-07-09 00:00:00 UTC
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Auto Stock Roundup: Advanced Auto Part in S&P 500; GM & Ford China Sales Fall in June - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-advanced-auto-part-in-sp-500-gm-ford-china-sales-fall-in-june-analyst
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nan
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Positive developments swept across in the auto industry over the last week. Advance Auto Parts Inc. AAP became the newest member of the S&P 500, while Toyota Motor Corporation TM added a feather in its cap as the first automaker to sell over 1 million vehicles in the Philippines. Meanwhile, Tesla Motors, Inc. TSLA reported record delivery data for the second quarter of 2015.
Additionally, General Motors Co. GM and Ford Motor Co. F reported the China sales data for June and first-half 2015. While the sales figures for the six-month period improved year over year, sales in June declined for both companies.
(Read last to last week's recap here: Auto Stock Roundup for Jul 2, 2015 )
Recap of the Week's Most Important Stories
1. Advance Auto Parts became a component of the S&P 500 on Jul 8, 2015. The auto parts retailer replaced Family Dollar Stores, which was acquired by Dollar Tree, Inc., in the index. Advance Auto Parts will now be a constituent of the S&P 500 GICS (Global Industry Classification Standard) Automotive Retail Sub-Industry index. Previously, the company was part of the S&P MidCap 400 index (read more: Advance Auto Parts Hits 52-Week High on S&P 500 Inclusion ).
2. Tesla delivered 11,507 vehicles in the second quarter of 2015, representing an impressive 52% improvement over the second quarter of 2014. This is a record high for Tesla. Moreover, the figure surpassed the automaker's target of 10,000-11,000 deliveries in the quarter. Shares of Tesla surged to $282.45, the highest in 10 months, on Jul 2, after the electric carmaker revealed the vehicle deliveries data (read more: Tesla Hits 10-Month High on Record Vehicle Deliveries in Q2 ).
3. General Motors and its joint ventures in China reported a 4.4% year-over-year increase in retail sales in the first half of 2015, taking the figure to 1,719,202 vehicles. The improved performance was driven by General Motors' enhanced mix of SUVs and MPVs. General Motors and its joint ventures in China also reported June sales of 246,066 vehicles in the nation, down from 257,798 units in Jun 2014 (read more: General Motors' China Sales Rise 4.4% in First-Half 2015 ).
4. Ford sold 83,506 vehicles in China in Jun 2015. This reflects a 3% year-over-year decrease from May 2014. Sales of Ford in the world's largest automobile market totaled 543,488 units in the first half of 2015, marginally higher than 543,033 vehicles sold in the same period of 2014. It is worth noting that Ford has started reporting only retail sales from May 2015 as opposed to wholesale figures reported earlier.
5. Toyota made it official that it is the first automaker to sell over 1 million vehicles in the Philippines. The automaker achieved this milestone in April this year, as Toyota Motor Philippines Corporation ("TMP") sold 9,467 units in the country. TMP is a joint venture of GT Capital Holdings, Inc., Toyota Motor Corporation and Mitsui & Co. Ltd. (read more: Toyota Completes 1 Million Vehicle Sales in Philippines ).
Performance
Despite several positive developments over the week, all major auto stocks recorded losses due to the overall weakness in the market. General Motors recorded the maximum loss of 5.6%.
The performances over the last six-months were more positive. Tesla continues to hold on to the position of the biggest gainer. Further, Harley-Davidson, Inc. HOG is leading the list of losses once again.
What's Next in the Auto Space?
A few automakers will release their Europe sales figures for June and first half of 2015, in the coming days. Thor Industries Inc. THO will pay a quarterly dividend of 27 cents per share on Jul 10, 2015. The dividend will be paid to shareholders of record as of Jun 26.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
FORD MOTOR CO (F): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
THOR INDS INC (THO): Free Stock Analysis Report
HARLEY-DAVIDSON (HOG): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. AAP became the newest member of the S&P 500, while Toyota Motor Corporation TM added a feather in its cap as the first automaker to sell over 1 million vehicles in the Philippines. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report THOR INDS INC (THO): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. General Motors and its joint ventures in China reported a 4.4% year-over-year increase in retail sales in the first half of 2015, taking the figure to 1,719,202 vehicles.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report THOR INDS INC (THO): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP became the newest member of the S&P 500, while Toyota Motor Corporation TM added a feather in its cap as the first automaker to sell over 1 million vehicles in the Philippines. Additionally, General Motors Co. GM and Ford Motor Co. F reported the China sales data for June and first-half 2015.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report THOR INDS INC (THO): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. AAP became the newest member of the S&P 500, while Toyota Motor Corporation TM added a feather in its cap as the first automaker to sell over 1 million vehicles in the Philippines. General Motors and its joint ventures in China reported a 4.4% year-over-year increase in retail sales in the first half of 2015, taking the figure to 1,719,202 vehicles.
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Advance Auto Parts Inc. AAP became the newest member of the S&P 500, while Toyota Motor Corporation TM added a feather in its cap as the first automaker to sell over 1 million vehicles in the Philippines. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report TOYOTA MOTOR CP (TM): Free Stock Analysis Report THOR INDS INC (THO): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts became a component of the S&P 500 on Jul 8, 2015.
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11778.0
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2015-07-08 00:00:00 UTC
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Advance Auto Parts Hits 52-Week High on S&P 500 Inclusion - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-hits-52-week-high-on-sp-500-inclusion-analyst-blog-2015-07-08
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nan
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nan
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Advance Auto Parts Inc.AAP reached a new 52-week high of $165.20 on Jul 7 following the announcement that it will become a component of the S&P 500. The auto parts retailer will replace Family Dollar Stores in the index from today. Family Dollar has stopped trading due to its acquisition by Dollar Tree, Inc. DLTR .
Share price of Advance Auto Parts is expected to continue rising as funds tracking the S&P 500 will buy the stock to adjust their holdings. Previously, the company was part of the S&P MidCap 400 index. Advance Auto Parts will now be a constituent of the S&P 500 GICS (Global Industry Classification Standard) Automotive Retail Sub-Industry index. Jack in the Box Inc. JACK , a restaurant chain, will replace Advance Auto Parts in the S&P MidCap 400 index.
Advance Auto Parts operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy duty trucks. It is the largest automotive parts provider in North America, serving the "do-it-yourself" or "DIY", and "do-it-for me" or "DIFM" (or Commercial) customers.
Advance Auto Parts currently carries a Zacks Rank #4 (Sell). The Goodyear Tire & Rubber Company GT , carrying a Zacks Rank #2 (Buy), is a better-ranked automobile stock worth considering.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DOLLAR TREE INC (DLTR): Free Stock Analysis Report
GOODYEAR TIRE (GT): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
JACK IN THE BOX (JACK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc.AAP reached a new 52-week high of $165.20 on Jul 7 following the announcement that it will become a component of the S&P 500. Click to get this free report DOLLAR TREE INC (DLTR): Free Stock Analysis Report GOODYEAR TIRE (GT): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report JACK IN THE BOX (JACK): Free Stock Analysis Report To read this article on Zacks.com click here. Share price of Advance Auto Parts is expected to continue rising as funds tracking the S&P 500 will buy the stock to adjust their holdings.
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Click to get this free report DOLLAR TREE INC (DLTR): Free Stock Analysis Report GOODYEAR TIRE (GT): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report JACK IN THE BOX (JACK): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP reached a new 52-week high of $165.20 on Jul 7 following the announcement that it will become a component of the S&P 500. The Goodyear Tire & Rubber Company GT , carrying a Zacks Rank #2 (Buy), is a better-ranked automobile stock worth considering.
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Click to get this free report DOLLAR TREE INC (DLTR): Free Stock Analysis Report GOODYEAR TIRE (GT): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report JACK IN THE BOX (JACK): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP reached a new 52-week high of $165.20 on Jul 7 following the announcement that it will become a component of the S&P 500. Jack in the Box Inc. JACK , a restaurant chain, will replace Advance Auto Parts in the S&P MidCap 400 index.
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Advance Auto Parts Inc.AAP reached a new 52-week high of $165.20 on Jul 7 following the announcement that it will become a component of the S&P 500. Click to get this free report DOLLAR TREE INC (DLTR): Free Stock Analysis Report GOODYEAR TIRE (GT): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report JACK IN THE BOX (JACK): Free Stock Analysis Report To read this article on Zacks.com click here. The auto parts retailer will replace Family Dollar Stores in the index from today.
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11779.0
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2015-07-08 00:00:00 UTC
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After Hours Most Active for Jul 8, 2015 : AAP, WST, JACK, NFBK, AA, CTCT, ESL, SGYP, BAC, ERI, QQQ, CHK
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AAP
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https://www.nasdaq.com/articles/after-hours-most-active-jul-8-2015-aap-wst-jack-nfbk-aa-ctct-esl-sgyp-bac-eri-qqq-chk-2015
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The NASDAQ 100 After Hours Indicator is up 1.37 to 4,352.95. The total After hours volume is currently 51,682,309 shares traded.
The following are the most active stocks for the after hours session :
Advance Auto Parts Inc ( AAP ) is -0.74 at $159.25, with 6,687,946 shares traded. As reported by Zacks, the current mean recommendation for AAP is in the "buy range".
West Pharmaceutical Services, Inc. ( WST ) is unchanged at $60.31, with 3,617,520 shares traded. As reported in the last short interest update the days to cover for WST is 12.861673; this calculation is based on the average trading volume of the stock.
Jack In The Box Inc. ( JACK ) is unchanged at $88.89, with 2,448,325 shares traded. As reported by Zacks, the current mean recommendation for JACK is in the "buy range".
Northfield Bancorp, Inc. ( NFBK ) is unchanged at $15.37, with 2,294,927 shares traded. As reported in the last short interest update the days to cover for NFBK is 9.322522; this calculation is based on the average trading volume of the stock.
Alcoa Inc. ( AA ) is +0.08 at $10.58, with 1,855,401 shares traded. RTT News Reports: Stocks Fall Sharply On Concerns About Developments Overseas - U.S. Commentary
Constant Contact, Inc. ( CTCT ) is unchanged at $28.83, with 1,833,125 shares traded. CTCT's current last sale is 75.87% of the target price of $38.
Esterline Technologies Corporation ( ESL ) is unchanged at $91.77, with 1,487,795 shares traded. As reported by Zacks, the current mean recommendation for ESL is in the "buy range".
Synergy Pharmaceuticals, Inc. ( SGYP ) is unchanged at $9.02, with 1,203,190 shares traded. As reported in the last short interest update the days to cover for SGYP is 7.516708; this calculation is based on the average trading volume of the stock.
Bank of America Corporation ( BAC ) is unchanged at $16.25, with 1,182,285 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2015. The consensus EPS forecast is $0.36. BAC is scheduled to provide an earnings report on 7/15/2015, for the fiscal quarter ending Jun2015. The consensus earnings per share forecast is 0.36 per share, which represents a 31 percent increase over the EPS one Year Ago
Eldorado Resorts, Inc. ( ERI ) is unchanged at $8.01, with 1,000,752 shares traded. ERI's current last sale is 84.32% of the target price of $9.5.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.08 at $106.17, with 996,534 shares traded. This represents a 17.65% increase from its 52 Week Low.
Chesapeake Energy Corporation ( CHK ) is -0.03 at $11.28, with 952,698 shares traded. CHK's current last sale is 77.79% of the target price of $14.5.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the after hours session : Advance Auto Parts Inc ( AAP ) is -0.74 at $159.25, with 6,687,946 shares traded. As reported by Zacks, the current mean recommendation for AAP is in the "buy range". As reported in the last short interest update the days to cover for NFBK is 9.322522; this calculation is based on the average trading volume of the stock.
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The following are the most active stocks for the after hours session : Advance Auto Parts Inc ( AAP ) is -0.74 at $159.25, with 6,687,946 shares traded. As reported by Zacks, the current mean recommendation for AAP is in the "buy range". As reported in the last short interest update the days to cover for WST is 12.861673; this calculation is based on the average trading volume of the stock.
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The following are the most active stocks for the after hours session : Advance Auto Parts Inc ( AAP ) is -0.74 at $159.25, with 6,687,946 shares traded. As reported by Zacks, the current mean recommendation for AAP is in the "buy range". As reported in the last short interest update the days to cover for NFBK is 9.322522; this calculation is based on the average trading volume of the stock.
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The following are the most active stocks for the after hours session : Advance Auto Parts Inc ( AAP ) is -0.74 at $159.25, with 6,687,946 shares traded. As reported by Zacks, the current mean recommendation for AAP is in the "buy range". The NASDAQ 100 After Hours Indicator is up 1.37 to 4,352.95.
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11780.0
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2015-06-24 00:00:00 UTC
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Advance Auto Parts Hits 52-Week High on Store Expansion - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-hits-52-week-high-on-store-expansion-analyst-blog-2015-06-24
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On Jun 23, 2015, shares of Advance Auto Parts Inc.AAP reached a 52-week high of $165.00, before eventually closing at $163.89. The closing price represents a year-to-date return of 3.4%.
Share Price Drivers
Share price of Advance Auto Parts has been mostly moving upward since the company reported a strong year-over-year increase in earnings and revenues in the first quarter of fiscal 2015 (ended Apr 25, 2015). The company recorded a 6.2% rise in adjusted comparable earnings to $2.39 per share in the quarter from $2.25 in the prior-year quarter. Revenues went up 2.3% year over year to $3.04 billion. The year-over-year rise in sales was driven by benefits from the addition of new stores over the last 12 months and an increase in comparable store sales.
Advance Auto Parts uses its significant cash flow to open new stores every year. During the 16-week period ended Apr 25, 2015, the company opened 25 stores. Also, it consolidated 40 stores. As of Apr 25, 2015, Advance Auto Parts' total store count stood at 5,350, including 115 Worldpac branches. Advance Auto Parts served roughly 1,300 independently owned Carquest stores as of that date. The company intends to collectively open 100-120 new stores (including Worldpac stores) in fiscal 2015. The increase in store count ensures greater availability of parts to customers, thereby leading to higher sales volume.
Advance Auto Parts is also poised to benefit as the industry continues to show stability, with the increasing average age of vehicles, along with a rise in the number of miles driven. The average age of cars on the U.S. roads is rising (more than 11 years). This is leading to an increase in the demand for auto parts. In addition, the combination of a steadily improving job market and low gasoline prices is positively impacting the company's results.
Currently, Advance Auto Parts carries a Zacks Rank #3 (Hold).
Stocks to Consider
Better-ranked stocks in the auto industry include O'Reilly Automotive Inc. ORLY , U.S. Auto Parts Network, Inc. PRTS and Autoliv, Inc. ALV , all carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
O REILLY AUTO (ORLY): Free Stock Analysis Report
AUTOLIV INC (ALV): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
US AUTO PARTS (PRTS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Jun 23, 2015, shares of Advance Auto Parts Inc.AAP reached a 52-week high of $165.00, before eventually closing at $163.89. Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. The increase in store count ensures greater availability of parts to customers, thereby leading to higher sales volume.
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Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. On Jun 23, 2015, shares of Advance Auto Parts Inc.AAP reached a 52-week high of $165.00, before eventually closing at $163.89. As of Apr 25, 2015, Advance Auto Parts' total store count stood at 5,350, including 115 Worldpac branches.
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Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. On Jun 23, 2015, shares of Advance Auto Parts Inc.AAP reached a 52-week high of $165.00, before eventually closing at $163.89. Share Price Drivers Share price of Advance Auto Parts has been mostly moving upward since the company reported a strong year-over-year increase in earnings and revenues in the first quarter of fiscal 2015 (ended Apr 25, 2015).
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On Jun 23, 2015, shares of Advance Auto Parts Inc.AAP reached a 52-week high of $165.00, before eventually closing at $163.89. Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Share Price Drivers Share price of Advance Auto Parts has been mostly moving upward since the company reported a strong year-over-year increase in earnings and revenues in the first quarter of fiscal 2015 (ended Apr 25, 2015).
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11781.0
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2015-06-16 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for June 17, 2015
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-june-17-2015-2015-06-16
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Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on June 17, 2015. A cash dividend payment of $0.06 per share is scheduled to be paid on July 02, 2015. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 38th quarter that AAP has paid the same dividend. At the current stock price of $158.32, the dividend yield is .15%.
The previous trading day's last sale of AAP was $158.32, representing a -4.05% decrease from the 52 week high of $165.00 and a 32.25% increase over the 52 week low of $119.71.
AAP is a part of the Consumer Services sector, which includes companies such as JD.com, Inc. ( JD ) and O'Reilly Automotive, Inc. ( ORLY ). AAP's current earnings per share, an indicator of a company's profitability, is $6.7. Zacks Investment Research reports AAP's forecasted earnings growth in 2015 as 5.99%, compared to an industry average of 13.3%.
For more information on the declaration, record and payment dates, visit the AAP Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAP through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAP as a top-10 holding:
Guggenheim S&P Midcap 400 Pure Growth ETF ( RFG )
Vanguard S&P Mid-Cap 400 Growth ETF ( IVOG )
First Trust Mid Cap Growth AlphaDEX ( FNY )
iShares S&P Mid-Cap 400 Growth ETF ( IJK )
SPDR S&P 400 Mid Cap Growth ETF (based on S&P MidCap 400 Growt ( MDYG ).
The top-performing ETF of this group is RFG with an increase of 9.41% over the last 100 days. It also has the highest percent weighting of AAP at 1.34%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAP is a part of the Consumer Services sector, which includes companies such as JD.com, Inc. ( JD ) and O'Reilly Automotive, Inc. ( ORLY ). Zacks Investment Research reports AAP's forecasted earnings growth in 2015 as 5.99%, compared to an industry average of 13.3%. For more information on the declaration, record and payment dates, visit the AAP Dividend History page.
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The following ETF(s) have AAP as a top-10 holding: Guggenheim S&P Midcap 400 Pure Growth ETF ( RFG ) Vanguard S&P Mid-Cap 400 Growth ETF ( IVOG ) First Trust Mid Cap Growth AlphaDEX ( FNY ) iShares S&P Mid-Cap 400 Growth ETF ( IJK ) SPDR S&P 400 Mid Cap Growth ETF (based on S&P MidCap 400 Growt ( MDYG ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on June 17, 2015.
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAP Dividend History page. The following ETF(s) have AAP as a top-10 holding: Guggenheim S&P Midcap 400 Pure Growth ETF ( RFG ) Vanguard S&P Mid-Cap 400 Growth ETF ( IVOG ) First Trust Mid Cap Growth AlphaDEX ( FNY ) iShares S&P Mid-Cap 400 Growth ETF ( IJK ) SPDR S&P 400 Mid Cap Growth ETF (based on S&P MidCap 400 Growt ( MDYG ).
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AAP's current earnings per share, an indicator of a company's profitability, is $6.7. The following ETF(s) have AAP as a top-10 holding: Guggenheim S&P Midcap 400 Pure Growth ETF ( RFG ) Vanguard S&P Mid-Cap 400 Growth ETF ( IVOG ) First Trust Mid Cap Growth AlphaDEX ( FNY ) iShares S&P Mid-Cap 400 Growth ETF ( IJK ) SPDR S&P 400 Mid Cap Growth ETF (based on S&P MidCap 400 Growt ( MDYG ). Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on June 17, 2015.
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11782.0
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2015-06-10 00:00:00 UTC
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Point72 Asset Management: Here’s What This Infamous Outfit Has Been Buying
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AAP
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https://www.nasdaq.com/articles/point72-asset-management-heres-what-infamous-outfit-has-been-buying-2015-06-10
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nan
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nan
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Steven Cohen has had some, uh, dealings with the law. Image: Insider Monkey .
For example, consider Point72 Asset Management, formerly known as SAC Capital Advisors. SAC Capital, headed by Steven Cohen, was one of the biggest hedge fund companies around -- until allegations of securities fraud and insider trading led to a fine of more than $1 billion. Now the company, which will no longer manage anyone's money other than that of Cohen, his family, and some employees, has a new name.
As of March 31, 2015, Point72 Asset Management's reportable stock portfolio was valued at $14.7 billion.
Interesting developments
So what does Point72 Asset Management's latest quarterly 13F filing tell us? For one, the company added new positions in The Coca-Cola Co. (NYSE: KO), Advanced Auto Parts (NYSE: AAP), and CarMax (NYSE: KMX).
Coca-Cola
Coca-Cola is an interesting choice as a new position, as it faces slowing growth and tough challenges to its soda business. Still, it's a behemoth in the beverage realm, and is poised to benefit from emerging markets where growing middle classes will be able to afford to quench their thirsts with its offerings. More than 20 of its hundreds of drinks generate annual revenue of over $1 billion. The company has been diversifying away from sodas, too, adding teas, juices, water, and energy drinks to its mix. It is also cutting costs, aiming for $3 billion in annual savings by 2019.
Coca-Cola's dividend recently yielded a solid 3.2%; it boosted that payout by 8% in February, its 53rd consecutive annual increase. That bodes well, but its dividend growth rate might have to slow soon, as its payout ratio has more than doubled in the past year, to more than 80%. Meanwhile, the stock's current and forward-looking P/E ratios are above its five-year average of 18.6, suggesting it's not a huge bargain right now.
Photo: Mike Mozart , Flickr.
Advanced Auto Parts
Advanced Auto Parts offers little in the way of a dividend (0.20% yield), but the $11 billion company has been rewarding shareholders via stock growth, which has averaged 14.8% over the past decade. It's North America's largest automotive aftermarket parts provider, with revenue and net income increasing by an annual average of about 10% over the past decade and earnings per share growing even more briskly, in part due to reductions in share count.
The company bought General Parts International for about $2 billion in early 2014, and management blamed the two companies' ongoing integration for weaker than hoped for results in the last quarter; it added though, that net benefits are anticipated down the road. A headwind for the entire industry has been that consumers have been keeping their cars longer, resulting in greater need for parts.
CarMax
CarMax is a used-car lot on steroids. It boasts roughly 150 used-car stores across America, making it our nation's largest used-car seller. Its special angle is no-haggle pricing, putting customers at ease. This formula has been working, with revenue averaging annual growth of 10.5% over the past decade while net income has averaged 18.1%. In its last quarter, CarMax did even better, with revenue jumping 14.2% year over year and earnings per share surging 52.3% -- in part due to a robust $913 million in stock repurchases over the year. (CarMax has another $2.4 billion remaining in its authorized stock buyback plan.) While sales of extended warranties made up only about 2% of company revenue in the fourth quarter, they doubled on a year-over-year basis, suggesting a potentially powerful revenue stream.
Still, there are red flags that might make an investor reconsider. Stock buybacks can be great, reducing share count and making shareholders' ownership stakes stronger, but they destroy value if executed when the stock is overvalued. With current and forward-looking P/E ratios above CarMax's five-year average P/E of 19.5, shares seem more overvalued than undervalued. Additionally, it has been free-cash-flow negative for several years, and with little cash on hand has upped its long-term debt load from close to $4 billion in 2011 to more than $8.5 billion recently.
We should never blindly copy any investor's moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13F forms can be great places to find intriguing candidates for our portfolios.
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The article Point72 Asset Management: Here's What This Infamous Outfit Has Been Buying originally appeared on Fool.com.
Longtime Fool specialistSelena Maranjian,whom you canfollow on Twitter , owns shares of Coca-Cola. The Motley Fool recommends CarMax and Coca-Cola. The Motley Fool owns shares of CarMax and has the following options: long January 2016 $37 calls on Coca-Cola and short January 2016 $37 puts on Coca-Cola. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For one, the company added new positions in The Coca-Cola Co. (NYSE: KO), Advanced Auto Parts (NYSE: AAP), and CarMax (NYSE: KMX). SAC Capital, headed by Steven Cohen, was one of the biggest hedge fund companies around -- until allegations of securities fraud and insider trading led to a fine of more than $1 billion. Still, it's a behemoth in the beverage realm, and is poised to benefit from emerging markets where growing middle classes will be able to afford to quench their thirsts with its offerings.
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For one, the company added new positions in The Coca-Cola Co. (NYSE: KO), Advanced Auto Parts (NYSE: AAP), and CarMax (NYSE: KMX). Advanced Auto Parts Advanced Auto Parts offers little in the way of a dividend (0.20% yield), but the $11 billion company has been rewarding shareholders via stock growth, which has averaged 14.8% over the past decade. This formula has been working, with revenue averaging annual growth of 10.5% over the past decade while net income has averaged 18.1%.
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For one, the company added new positions in The Coca-Cola Co. (NYSE: KO), Advanced Auto Parts (NYSE: AAP), and CarMax (NYSE: KMX). Advanced Auto Parts Advanced Auto Parts offers little in the way of a dividend (0.20% yield), but the $11 billion company has been rewarding shareholders via stock growth, which has averaged 14.8% over the past decade. It's North America's largest automotive aftermarket parts provider, with revenue and net income increasing by an annual average of about 10% over the past decade and earnings per share growing even more briskly, in part due to reductions in share count.
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For one, the company added new positions in The Coca-Cola Co. (NYSE: KO), Advanced Auto Parts (NYSE: AAP), and CarMax (NYSE: KMX). SAC Capital, headed by Steven Cohen, was one of the biggest hedge fund companies around -- until allegations of securities fraud and insider trading led to a fine of more than $1 billion. As of March 31, 2015, Point72 Asset Management's reportable stock portfolio was valued at $14.7 billion.
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11783.0
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2015-05-29 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Advance Auto Parts, AutoZone, General Motors, Fiat Chrysler Automobiles and Ford Motor - Press Releases
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AAP
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-advance-auto-parts-autozone-general-motors-fiat
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For Immediate Release
Chicago, IL - May 29, 2015 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Advance Auto Parts Inc. ( AAP ), AutoZone, Inc. ( AZO ), General Motors Co. ( GM ), Fiat Chrysler Automobiles N.V. ( FCAU ) and Ford Motor Co. ( F ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Thursday's Analyst Blog:
Auto Stock Roundup
Earnings releases grabbed headlines once again this week as Advance Auto Parts Inc. ( AAP ) and AutoZone, Inc. ( AZO ) released their quarterly results. Another major revelation was General Motors Co.'s ( GM ) reported rejection of a merger proposal by Fiat Chrysler Automobiles N.V. ( FCAU ). Meanwhile, Ford Motor Co. ( F ) has opened a new regional sales office and a purchasing office in Morocco to expand its North African operations.
(Read last to last week's recap here: Auto Stock Roundup for May 21, 2015 )
Recap of the Week's Most Important Stories
1. General Motors has reportedly turned down a merger proposal by Fiat Chrysler. Going by media reports, Fiat Chrysler had planned this mega-merger in an attempt to cut costs. The proposed merger would have resulted in significant cost savings for the company and led to the creation of an automotive giant. Fiat Chrysler is under pressure as it has the highest debt levels in the auto industry and can barely break even in Europe (read more: General Motors Rejects Fiat Chrysler's Merger Proposal ).
2. Advance Auto Parts reported a 6.2% rise in adjusted comparable earnings to $2.39 per share in the first quarter of fiscal 2015 (ended Apr 25, 2015) from $2.25 in the prior-year quarter. However, the figure missed the Zacks Consensus Estimate of $2.50 per share. Revenues went up 2.3% year over year to $3.04 billion, missing the Zacks Consensus Estimate of $3.06 billion.
The rise in sales was driven by benefits from the addition of new stores and an increase in comparable store sales. Advance Auto Parts projects adjusted earnings per share in the range of $8.10-$8.30 for fiscal 2015, down from the previous forecast of $8.35-$8.55 (read more: Advance Auto Parts' Q1 Earnings Miss Estimates, Rise Y/Y ).
3. AutoZone reported a 13.1% rise in earnings per share to $9.57 for the third quarter of fiscal 2015 (ended May 9, 2015) from $8.46 recorded in the year-ago quarter. Earnings also surpassed the Zacks Consensus Estimate of $9.50. Net income increased 8.4% to $309.1 million from $285.2 million a year ago. Quarterly revenues improved 6.5% year over year to $2.49 billion yet marginally missed the Zacks Consensus Estimate of $2.50 billion (read more: AutoZone Q3 Earnings Beat, Revenues Miss Marginally ).
4. Ford has opened a new regional sales office in Casablanca and a purchasing office in Tangier. These new offices in Morocco are part of the company's efforts to grow its North African operations. Ford plans to launch seven new vehicles and open 13 new retail facilities in North Africa in 2015. Also, the automaker intends to open eight new showrooms in Morocco by the end of this year. Further, it plans to increase the parts purchased from North Africa-based suppliers by over 100% (read more: Ford Opens New Sales and Purchasing Offices in Morocco ).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
FIAT CHRYSLER (FCAU): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include the Advance Auto Parts Inc. ( AAP ), AutoZone, Inc. ( AZO ), General Motors Co. ( GM ), Fiat Chrysler Automobiles N.V. ( FCAU ) and Ford Motor Co. ( F ). Here are highlights from Thursday's Analyst Blog: Auto Stock Roundup Earnings releases grabbed headlines once again this week as Advance Auto Parts Inc. ( AAP ) and AutoZone, Inc. ( AZO ) released their quarterly results. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report FIAT CHRYSLER (FCAU): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include the Advance Auto Parts Inc. ( AAP ), AutoZone, Inc. ( AZO ), General Motors Co. ( GM ), Fiat Chrysler Automobiles N.V. ( FCAU ) and Ford Motor Co. ( F ). Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report FIAT CHRYSLER (FCAU): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report To read this article on Zacks.com click here. Here are highlights from Thursday's Analyst Blog: Auto Stock Roundup Earnings releases grabbed headlines once again this week as Advance Auto Parts Inc. ( AAP ) and AutoZone, Inc. ( AZO ) released their quarterly results.
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Stocks recently featured in the blog include the Advance Auto Parts Inc. ( AAP ), AutoZone, Inc. ( AZO ), General Motors Co. ( GM ), Fiat Chrysler Automobiles N.V. ( FCAU ) and Ford Motor Co. ( F ). Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report FIAT CHRYSLER (FCAU): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report To read this article on Zacks.com click here. Here are highlights from Thursday's Analyst Blog: Auto Stock Roundup Earnings releases grabbed headlines once again this week as Advance Auto Parts Inc. ( AAP ) and AutoZone, Inc. ( AZO ) released their quarterly results.
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Stocks recently featured in the blog include the Advance Auto Parts Inc. ( AAP ), AutoZone, Inc. ( AZO ), General Motors Co. ( GM ), Fiat Chrysler Automobiles N.V. ( FCAU ) and Ford Motor Co. ( F ). Here are highlights from Thursday's Analyst Blog: Auto Stock Roundup Earnings releases grabbed headlines once again this week as Advance Auto Parts Inc. ( AAP ) and AutoZone, Inc. ( AZO ) released their quarterly results. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report FIAT CHRYSLER (FCAU): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report To read this article on Zacks.com click here.
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11784.0
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2015-05-28 00:00:00 UTC
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Auto Stock Roundup: GM Snubs Fiat Chrysler; Tata Motors, AutoZone Post Earnings - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-gm-snubs-fiat-chrysler-tata-motors-autozone-post-earnings-analyst-blog
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Earnings releases grabbed headlines once again this week as Advance Auto Parts Inc. AAP , AutoZone, Inc. AZO and Tata Motors Limited TTM released their quarterly results. Another major revelation was General Motors Co.'s GM reported rejection of a merger proposal by Fiat Chrysler Automobiles N.V. FCAU . Meanwhile, Ford Motor Co. F has opened a new regional sales office and a purchasing office in Morocco to expand its North African operations.
(Read last to last week's recap here: Auto Stock Roundup for May 21, 2015 )
Recap of the Week's Most Important Stories
1. General Motors has reportedly turned down a merger proposal by Fiat Chrysler. Going by media reports, Fiat Chrysler had planned this mega-merger in an attempt to cut costs. The proposed merger would have resulted in significant cost savings for the company and led to the creation of an automotive giant. Fiat Chrysler is under pressure as it has the highest debt levels in the auto industry and can barely break even in Europe (read more: General Motors Rejects Fiat Chrysler's Merger Proposal ).
2. Advance Auto Parts reported a 6.2% rise in adjusted comparable earnings to $2.39 per share in the first quarter of fiscal 2015 (ended Apr 25, 2015) from $2.25 in the prior-year quarter. However, the figure missed the Zacks Consensus Estimate of $2.50 per share. Revenues went up 2.3% year over year to $3.04 billion, missing the Zacks Consensus Estimate of $3.06 billion.
The rise in sales was driven by benefits from the addition of new stores and an increase in comparable store sales. Advance Auto Parts projects adjusted earnings per share in the range of $8.10-$8.30 for fiscal 2015, down from the previous forecast of $8.35-$8.55 (read more: Advance Auto Parts' Q1 Earnings Miss Estimates, Rise Y/Y ).
3. AutoZone reported a 13.1% rise in earnings per share to $9.57 for the third quarter of fiscal 2015 (ended May 9, 2015) from $8.46 recorded in the year-ago quarter. Earnings also surpassed the Zacks Consensus Estimate of $9.50. Net income increased 8.4% to $309.1 million from $285.2 million a year ago. Quarterly revenues improved 6.5% year over year to $2.49 billion yet marginally missed the Zacks Consensus Estimate of $2.50 billion (read more: AutoZone Q3 Earnings Beat, Revenues Miss Marginally ).
4. Tata Motors' earnings declined to INR5.32 per ordinary share (46 cents per American Depositary Share or ADS) for the fourth quarter of fiscal 2015 (ended Mar 31, 2015) from INR12.16 per share ($1.03 per ADS) in the year-ago quarter. Consolidated revenues increased 3.5% year over year to INR675.76 billion ($10.61 billion). This improvement was attributable to an increase in wholesale volumes and a better product mix.
5. Ford has opened a new regional sales office in Casablanca and a purchasing office in Tangier. These new offices in Morocco are part of the company's efforts to grow its North African operations. Ford plans to launch seven new vehicles and open 13 new retail facilities in North Africa in 2015. Also, the automaker intends to open eight new showrooms in Morocco by the end of this year. Further, it plans to increase the parts purchased from North Africa-based suppliers by over 100% (read more: Ford Opens New Sales and Purchasing Offices in Morocco ).
Performance
Most auto stocks recorded small price changes over the last week. Advance Auto Parts gained the maximum over the period. Meanwhile, Harley-Davidson, Inc. HOG lost the maximum in the last week and six months. AutoZone held on to its position as the biggest gainer over the last six months.
What's Next in the Auto Space?
Automakers will report their U.S. auto sales for May on Jun 2. Sales in China and Europe will also be reported soon.
Ford will pay a quarterly cash dividend of 15 cents per share on Jun 1 to shareholders of record as on May 1, 2015.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
FORD MOTOR CO (F): Free Stock Analysis Report
HARLEY-DAVIDSON (HOG): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
TATA MOTORS-ADR (TTM): Free Stock Analysis Report
FIAT CHRYSLER (FCAU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earnings releases grabbed headlines once again this week as Advance Auto Parts Inc. AAP , AutoZone, Inc. AZO and Tata Motors Limited TTM released their quarterly results. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report FIAT CHRYSLER (FCAU): Free Stock Analysis Report To read this article on Zacks.com click here. Another major revelation was General Motors Co.'s GM reported rejection of a merger proposal by Fiat Chrysler Automobiles N.V. FCAU .
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Earnings releases grabbed headlines once again this week as Advance Auto Parts Inc. AAP , AutoZone, Inc. AZO and Tata Motors Limited TTM released their quarterly results. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report FIAT CHRYSLER (FCAU): Free Stock Analysis Report To read this article on Zacks.com click here. Quarterly revenues improved 6.5% year over year to $2.49 billion yet marginally missed the Zacks Consensus Estimate of $2.50 billion (read more: AutoZone Q3 Earnings Beat, Revenues Miss Marginally ).
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report FIAT CHRYSLER (FCAU): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings releases grabbed headlines once again this week as Advance Auto Parts Inc. AAP , AutoZone, Inc. AZO and Tata Motors Limited TTM released their quarterly results. Advance Auto Parts projects adjusted earnings per share in the range of $8.10-$8.30 for fiscal 2015, down from the previous forecast of $8.35-$8.55 (read more: Advance Auto Parts' Q1 Earnings Miss Estimates, Rise Y/Y ).
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report HARLEY-DAVIDSON (HOG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report FIAT CHRYSLER (FCAU): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings releases grabbed headlines once again this week as Advance Auto Parts Inc. AAP , AutoZone, Inc. AZO and Tata Motors Limited TTM released their quarterly results. Advance Auto Parts projects adjusted earnings per share in the range of $8.10-$8.30 for fiscal 2015, down from the previous forecast of $8.35-$8.55 (read more: Advance Auto Parts' Q1 Earnings Miss Estimates, Rise Y/Y ).
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11785.0
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2015-05-22 00:00:00 UTC
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Advance Auto Parts' Q1 Earnings Miss Estimates, Rise Y/Y - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-q1-earnings-miss-estimates-rise-y-y-analyst-blog-2015-05-22
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Advance Auto Parts Inc.AAP reported a 6.2% rise in adjusted comparable earnings to $2.39 per share in the first quarter of fiscal 2015 (ended Apr 25, 2015) from $2.25 in the prior-year quarter. However, the figure missed the Zacks Consensus Estimate of $2.50 per share.
Advance Auto Parts Inc. - Earnings Surprise | FindTheCompany
Adjusted net earnings rose 6.7% to $176.5 million from $165.4 million in the first quarter of fiscal 2014. Results in the reported quarter were weaker-than-expected due to the impact of integration activities.
Revenues went up 2.3% year over year to $3.04 billion, missing the Zacks Consensus Estimate of $3.06 billion. The year-over-year rise in sales was driven by benefits from the addition of new stores over the last 12 months and an increase in comparable store sales. Comparable store sales inched up 0.7% in the reported quarter, compared with 2.4% in the prior-year quarter.
Gross profit increased 3% to $1.39 billion, or 45.9% of sales in the quarter, compared with $1.35 billion or 45.6% of sales a year ago. The increase in gross profit margin can be attributed to merchandise cost synergies, partially offset by costs associated with the new Hartford, CT distribution center, which was opened in late 2014.
Comparable selling, general and administrative (SG&A) expenses totaled $1.09 billion or 35.7% of sales in the quarter under review, compared with $1.07 billion or 36% of sales in the first quarter of fiscal 2014. The decline in SG&A margin resulted from cost synergies and lower incentive compensation, partially offset by higher advertising expenses.
Comparable operating income increased 8.4% to $308.3 million from $284.4 million in the first quarter of fiscal 2014. Operating margin stood at 10.1% versus 9.6% a year ago.
Store Openings
During the 16-week period ended Apr 25, 2015, Advance Auto Parts opened 25 stores and closed 7. Also, the company consolidated 40 stores. As of Apr 25, 2015, the company's total store count stood at 5,350, including 115 Worldpac branches. Advance Auto Parts served roughly 1,300 independently owned Carquest stores as of that date.
Dividend
The board of directors of Advance Auto Parts declared a regular quarterly dividend of 6 cents per share to be paid on Jul 2 to stockholders on record as of Jun 19, 2015.
Financial Position
Advance Auto Parts had cash and cash equivalents of $123.8 million as of Apr 25, 2015, implying a significant increase from $83.4 million as of Apr 19, 2014. Total long-term debt was $1.61 billion as of Apr 25, 2015 compared with $2.07 billion as of Apr 19, 2014.
During the first three months of fiscal 2015, operating cash flow was $102.2 million compared with $81.1 million in the same period of fiscal 2014. Free cash flow in the period amounted to $45.2 million versus $20.6 million in the same period a year ago. Capital expenditures in the said period amounted to $56.7 million, compared with $60.5 million a year ago.
Outlook
Advance Auto Parts envisions adjusted earnings per share in the range of $8.10-$8.30 in fiscal 2015, down from the previous forecast of $8.35-$8.55. In addition, the company expects income tax rate to be 37.5%-38%. Full-year interest expense should be $64 million.
Zacks Rank
Advance Auto Parts currently carries a Zacks Rank #3 (Hold). Better-ranked auto stocks include CarMax Inc.KMX , U.S. Auto Parts Network, Inc.PRTS and O'Reilly Automotive Inc.ORLY . All these stocks carry a Zacks Rank #2 (Buy)
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O REILLY AUTO (ORLY): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
US AUTO PARTS (PRTS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc.AAP reported a 6.2% rise in adjusted comparable earnings to $2.39 per share in the first quarter of fiscal 2015 (ended Apr 25, 2015) from $2.25 in the prior-year quarter. Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. The decline in SG&A margin resulted from cost synergies and lower incentive compensation, partially offset by higher advertising expenses.
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Advance Auto Parts Inc.AAP reported a 6.2% rise in adjusted comparable earnings to $2.39 per share in the first quarter of fiscal 2015 (ended Apr 25, 2015) from $2.25 in the prior-year quarter. Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Store Openings During the 16-week period ended Apr 25, 2015, Advance Auto Parts opened 25 stores and closed 7.
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Advance Auto Parts Inc.AAP reported a 6.2% rise in adjusted comparable earnings to $2.39 per share in the first quarter of fiscal 2015 (ended Apr 25, 2015) from $2.25 in the prior-year quarter. Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Comparable selling, general and administrative (SG&A) expenses totaled $1.09 billion or 35.7% of sales in the quarter under review, compared with $1.07 billion or 36% of sales in the first quarter of fiscal 2014.
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Advance Auto Parts Inc.AAP reported a 6.2% rise in adjusted comparable earnings to $2.39 per share in the first quarter of fiscal 2015 (ended Apr 25, 2015) from $2.25 in the prior-year quarter. Click to get this free report O REILLY AUTO (ORLY): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report US AUTO PARTS (PRTS): Free Stock Analysis Report To read this article on Zacks.com click here. Store Openings During the 16-week period ended Apr 25, 2015, Advance Auto Parts opened 25 stores and closed 7.
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11786.0
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2015-05-22 00:00:00 UTC
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Advance Auto Parts Inc. (AAP) in Focus, Stock Jumps 5.1% - Tale of the Tape
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc.-aap-in-focus-stock-jumps-5.1-tale-of-the-tape-2015-05-22
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Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares rise over 5% on the day. The upside came after the company announced a 6.2% year-over-year rise in first-quarter 2015 earnings. The news led to far more shares changing hands than in a normal session resulting in solid volume. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $143.00 to $152.94 in the past one-month time frame.
The auto parts company has seen one positive revision in the past seven days, while its Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Advance Auto Parts currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is CarMax Inc. ( KMX ), carrying a Zacks Rank #2 (Buy).
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares rise over 5% on the day. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report To read this article on Zacks.com click here. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $143.00 to $152.94 in the past one-month time frame.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares rise over 5% on the day. Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares rise over 5% on the day. The auto parts company has seen one positive revision in the past seven days, while its Zacks Consensus Estimate remained unchanged over the same time frame.
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Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares rise over 5% on the day. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report To read this article on Zacks.com click here. The auto parts company has seen one positive revision in the past seven days, while its Zacks Consensus Estimate remained unchanged over the same time frame.
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11787.0
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2015-05-21 00:00:00 UTC
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Advance Auto Parts (AAP) Q1 Earnings Miss Estimates, Rise 6.2% Y/Y - Tale of the Tape
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q1-earnings-miss-estimates-rise-6.2-y-y-tale-of-the-tape-2015-05-21
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Advance Auto Parts ( AAP ) operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported vehicles. It is the largest automotive parts provider in North America. The company enhances profits through its relentless focus on store expansion. The rise in store count ensures higher availability of parts to customers, thereby leading to higher sales volume. Also, Advance Auto Parts is poised to benefit as the industry continues to show stability with the increasing average age of vehicles, along with a rise in the number of miles driven.
However, price competition remains a threat for Advance Auto Parts, as it competes with national and regional automotive retailers. Moreover, the improvement in the quality of new vehicles leads to reduced need for the maintenance and repair of parts. This, in turn, hampers demand in the automotive maintenance market.
Estimate Trend & Surprise History
Investors should note that the first-quarter earnings estimate for Advance Auto Parts has decreased by a penny to $2.50 over the past 30 days.
The company has delivered a flurry of positive earnings surprises. It has beaten the Zacks Consensus Estimate in all the trailing 4 quarters with an average beat of around 3.19%. Thus, investors have been eagerly awaiting Advance Auto Parts latest earnings report.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
Advance Auto Parts delivered adjusted earnings of $2.39 per share in the first quarter of 2015, 6.2% higher year over year but missed the Zacks Consensus Estimate of $2.50.
Revenues
Advance Auto Parts reported revenues of $3.04 billion, up 2.3% year over year. Revenues marginally missed the Zacks Consensus Estimate of $3.06 billion.
Key Stats/Developments to Note
During the 16-week period ended Apr 25, 2015, Advance Auto Parts opened 25 stores and closed 7. Also, the company also consolidated 40 stores. As of Apr 25, 2015, the company's total store count stood at 5,350.
Advance Auto Parts adjusted earnings per share are likely to be in the range of $8.10-$8.30 in fiscal 2015. In addition, Advance Auto Parts expects income tax rate to be 37.5%-38%.
Zacks Rank
Currently, Advance Auto Parts has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released.
Market Reaction
Advance Auto Parts' share price decreased 3.27% to $145 in pre-market trading after the automaker released the first quarter results. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Advance Auto Parts' earnings report!
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts ( AAP ) operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported vehicles. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Also, Advance Auto Parts is poised to benefit as the industry continues to show stability with the increasing average age of vehicles, along with a rise in the number of miles driven.
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Advance Auto Parts ( AAP ) operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported vehicles. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. We have highlighted some of the key stats from this just-revealed announcement below: Earnings Advance Auto Parts delivered adjusted earnings of $2.39 per share in the first quarter of 2015, 6.2% higher year over year but missed the Zacks Consensus Estimate of $2.50.
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Advance Auto Parts ( AAP ) operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported vehicles. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. We have highlighted some of the key stats from this just-revealed announcement below: Earnings Advance Auto Parts delivered adjusted earnings of $2.39 per share in the first quarter of 2015, 6.2% higher year over year but missed the Zacks Consensus Estimate of $2.50.
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Advance Auto Parts ( AAP ) operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported vehicles. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Estimate Trend & Surprise History Investors should note that the first-quarter earnings estimate for Advance Auto Parts has decreased by a penny to $2.50 over the past 30 days.
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11788.0
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2015-05-20 00:00:00 UTC
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Pre-Market Earnings Report for May 21, 2015 : DLTR, AAP, PDCO, DCI, BAH, TTC, BKE, MNRO, BRC, QSII, TSL, KIRK
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-may-21-2015-dltr-aap-pdco-dci-bah-ttc-bke-mnro-brc-qsii-tsl
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The following companies are expected to report earnings prior to market open on 05/21/2015. Visit our Earnings Calendar for a full list of expected earnings releases.
Dollar Tree, Inc. ( DLTR ) is reporting for the quarter ending April 30, 2015. The discount retail company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.74. This value represents a 10.45% increase compared to the same quarter last year. DLTR missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -6.15%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for DLTR is 22.22 vs. an industry ratio of 26.20.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending March 31, 2015. The wholesale retail company's consensus earnings per share forecast from the 16 analysts that follow the stock is $2.50. This value represents a 11.11% increase compared to the same quarter last year. In the past year AAP has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 4.05%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 17.99 vs. an industry ratio of 20.30.
Patterson Companies, Inc. ( PDCO ) is reporting for the quarter ending April 30, 2015. The medical/dental supplies company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.65. This value represents a 6.56% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for PDCO is 21.13 vs. an industry ratio of -5.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending April 30, 2015. The pollution control company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.35. This value represents a 23.91% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 14 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DCI is 23.01 vs. an industry ratio of 2.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Booz Allen Hamilton Holding Corporation ( BAH ) is reporting for the quarter ending March 31, 2015. The government services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.33. This value represents a no change for the same quarter last year. In the past year BAH has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 5.88%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for BAH is 17.58 vs. an industry ratio of 19.50.
Toro Company ( TTC ) is reporting for the quarter ending April 30, 2015. The tools company's consensus earnings per share forecast from the 1 analyst that follows the stock is $1.66. This value represents a 9.93% increase compared to the same quarter last year. In the past year TTC has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 8%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for TTC is 20.06 vs. an industry ratio of 19.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Buckle, Inc. ( BKE ) is reporting for the quarter ending April 30, 2015. The retail (shoe) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.77. This value represents a 1.28% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 27 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for BKE is 12.94 vs. an industry ratio of 14.60.
Monro Muffler Brake, Inc. ( MNRO ) is reporting for the quarter ending March 31, 2015. The business services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.39. This value represents a 8.33% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 30 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for MNRO is 33.76 vs. an industry ratio of 21.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Brady Corporation ( BRC ) is reporting for the quarter ending April 30, 2015. The protection safety company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.38. This value represents a 11.63% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for BRC is 18.14 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Quality Systems, Inc. ( QSII ) is reporting for the quarter ending March 31, 2015. The medical information systems company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.14. This value represents a 27.27% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 16 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for QSII is 30.87 vs. an industry ratio of 61.10.
Trina Solar Limited ( TSL ) is reporting for the quarter ending March 31, 2015. The solar company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.09. This value represents a 75.00% decrease compared to the same quarter last year. In the past year TSL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2015 Price to Earnings ratio for TSL is 11.22 vs. an industry ratio of 7.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Kirkland's, Inc. ( KIRK ) is reporting for the quarter ending April 30, 2015. The home furnishings company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.11. This value represents a 8.33% decrease compared to the same quarter last year. KIRK missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -50%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for KIRK is 20.94 vs. an industry ratio of 21.80.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending March 31, 2015. In the past year AAP has beat the expectations every quarter. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 17.99 vs. an industry ratio of 20.30.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending March 31, 2015. In the past year AAP has beat the expectations every quarter. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 17.99 vs. an industry ratio of 20.30.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending March 31, 2015. In the past year AAP has beat the expectations every quarter. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 17.99 vs. an industry ratio of 20.30.
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In the past year AAP has beat the expectations every quarter. Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending March 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AAP is 17.99 vs. an industry ratio of 20.30.
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11789.0
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2015-05-19 00:00:00 UTC
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Advance Auto Parts (AAP) Q1 Earnings: What's in Store? - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-q1-earnings%3A-whats-in-store-analyst-blog-2015-05-19
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Advance Auto Parts Inc.AAP is expected to report first-quarter 2015 results on May 21. In the last quarter, the company had posted a positive earnings surprise of 4.05%. Let's see how things are shaping up for this announcement.
Factors Influencing this Quarter
Advance Auto Parts enhances profits through its relentless focus on store expansion. During the 53-week period ended Jan 3, 2015, Advance Auto Parts opened 151 stores and closed 19. The rise in store count ensures higher availability of parts to customers, thereby leading to higher sales volume. In addition, the company benefits from its hub store strategy. Also, Advance Auto Parts is poised to benefit as the industry continues to show stability with the increasing average age of vehicles, along with a rise in the number of miles driven. The combination of a steadily improving job market and lower gasoline prices will have a positive impact on the company's results.
However, price competition remains a threat for Advance Auto Parts, as it competes with national and regional automotive retailers. Moreover, the improvement in the quality of new vehicles leads to reduced need for the maintenance and repair of parts. This, in turn, hampers demand in the automotive maintenance market.
Earnings Whispers
Our proven model does not conclusively show that Advance Auto Parts is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here, as you will see below:
Zacks ESP: Advance Auto Parts' Earnings ESP is -1.20% as the Most Accurate estimate stands at $2.47, while the Zacks Consensus Estimate is pegged at $2.50.
Zacks Rank: Advance Auto Parts' Zacks Rank #3 (Hold) increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
We caution against stocks with a Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
AutoZone, Inc. AZO , with an Earnings ESP of +0.63% and a Zacks Rank #3, is a stock in the auto sector that is expected to beat earnings this season. The company's third-quarter fiscal 2015 financial results are scheduled for release on May 26.
CarMax Inc. KMX will release first-quarter fiscal 2016 results on Jun 19. The company carries a Zacks Rank #2 (Buy).
Copart, Inc. CPRT will post third-quarter fiscal 2015 results on May 27. The company has a Zacks Rank #3.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
COPART INC (CPRT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc.AAP is expected to report first-quarter 2015 results on May 21. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report COPART INC (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Factors Influencing this Quarter Advance Auto Parts enhances profits through its relentless focus on store expansion.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report COPART INC (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP is expected to report first-quarter 2015 results on May 21. This is not the case here, as you will see below: Zacks ESP: Advance Auto Parts' Earnings ESP is -1.20% as the Most Accurate estimate stands at $2.47, while the Zacks Consensus Estimate is pegged at $2.50.
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Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report COPART INC (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc.AAP is expected to report first-quarter 2015 results on May 21. This is not the case here, as you will see below: Zacks ESP: Advance Auto Parts' Earnings ESP is -1.20% as the Most Accurate estimate stands at $2.47, while the Zacks Consensus Estimate is pegged at $2.50.
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Advance Auto Parts Inc.AAP is expected to report first-quarter 2015 results on May 21. Click to get this free report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report COPART INC (CPRT): Free Stock Analysis Report To read this article on Zacks.com click here. We caution against stocks with a Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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11790.0
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2015-04-02 00:00:00 UTC
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Advance Auto Parts (AAP) Shares Cross Below 200 DMA
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-shares-cross-below-200-dma-2015-04-02
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nan
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nan
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $143.22, changing hands as low as $143.02 per share. Advance Auto Parts Inc shares are currently trading up about 0.2% on the day. The chart below shows the one year performance of AAP shares, versus its 200 day moving average:
Looking at the chart above, AAP's low point in its 52 week range is $115.76 per share, with $165.00 as the 52 week high point - that compares with a last trade of $144.08.
According to the ETF Finder at ETF Channel, AAP makes up 1.30% of the Guggenheim S&P MidCap 400 Pure Growth ETF (Symbol: RFG) which is trading higher by about 0.3% on the day Thursday.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $143.22, changing hands as low as $143.02 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $115.76 per share, with $165.00 as the 52 week high point - that compares with a last trade of $144.08. According to the ETF Finder at ETF Channel, AAP makes up 1.30% of the Guggenheim S&P MidCap 400 Pure Growth ETF (Symbol: RFG) which is trading higher by about 0.3% on the day Thursday.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $143.22, changing hands as low as $143.02 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $115.76 per share, with $165.00 as the 52 week high point - that compares with a last trade of $144.08. According to the ETF Finder at ETF Channel, AAP makes up 1.30% of the Guggenheim S&P MidCap 400 Pure Growth ETF (Symbol: RFG) which is trading higher by about 0.3% on the day Thursday.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $143.22, changing hands as low as $143.02 per share. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $115.76 per share, with $165.00 as the 52 week high point - that compares with a last trade of $144.08. According to the ETF Finder at ETF Channel, AAP makes up 1.30% of the Guggenheim S&P MidCap 400 Pure Growth ETF (Symbol: RFG) which is trading higher by about 0.3% on the day Thursday.
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In trading on Thursday, shares of Advance Auto Parts Inc (Symbol: AAP) crossed below their 200 day moving average of $143.22, changing hands as low as $143.02 per share. According to the ETF Finder at ETF Channel, AAP makes up 1.30% of the Guggenheim S&P MidCap 400 Pure Growth ETF (Symbol: RFG) which is trading higher by about 0.3% on the day Thursday. The chart below shows the one year performance of AAP shares, versus its 200 day moving average: Looking at the chart above, AAP's low point in its 52 week range is $115.76 per share, with $165.00 as the 52 week high point - that compares with a last trade of $144.08.
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11791.0
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2015-03-17 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for March 18, 2015
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-march-18-2015-2015-03-17
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nan
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nan
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Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on March 18, 2015. A cash dividend payment of $0.06 per share is scheduled to be paid on April 03, 2015. Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 37th quarter that AAP has paid the same dividend.
The previous trading day's last sale of AAP was $151.12, representing a -8.41% decrease from the 52 week high of $165.00 and a 30.55% increase over the 52 week low of $115.76.
AAP is a part of the Consumer Services sector, which includes companies such as JD.com, Inc. ( JD ) and O'Reilly Automotive, Inc. ( ORLY ). AAP's current earnings per share, an indicator of a company's profitability, is $6.71. Zacks Investment Research reports AAP's forecasted earnings growth in 2015 as 9.21%, compared to an industry average of 17%.
For more information on the declaration, record and payment dates, visit the AAP Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAP through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAP as a top-10 holding:
PowerShares Dynamic Retail ( PMR )
Vanguard S&P Mid-Cap 400 Growth ETF ( IVOG )
iShares S&P Mid-Cap 400 Growth ETF ( IJK )
SPDR S&P 400 Mid Cap Growth ETF (based on S&P MidCap 400 Growt ( MDYG )
iShares Core S&P Mid-Cap ETF ( IJH ).
The top-performing ETF of this group is PMR with an increase of 25.35% over the last 100 days. It also has the highest percent weighting of AAP at 2.86%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAP is a part of the Consumer Services sector, which includes companies such as JD.com, Inc. ( JD ) and O'Reilly Automotive, Inc. ( ORLY ). Zacks Investment Research reports AAP's forecasted earnings growth in 2015 as 9.21%, compared to an industry average of 17%. For more information on the declaration, record and payment dates, visit the AAP Dividend History page.
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The following ETF(s) have AAP as a top-10 holding: PowerShares Dynamic Retail ( PMR ) Vanguard S&P Mid-Cap 400 Growth ETF ( IVOG ) iShares S&P Mid-Cap 400 Growth ETF ( IJK ) SPDR S&P 400 Mid Cap Growth ETF (based on S&P MidCap 400 Growt ( MDYG ) iShares Core S&P Mid-Cap ETF ( IJH ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on March 18, 2015.
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAP Dividend History page. The following ETF(s) have AAP as a top-10 holding: PowerShares Dynamic Retail ( PMR ) Vanguard S&P Mid-Cap 400 Growth ETF ( IVOG ) iShares S&P Mid-Cap 400 Growth ETF ( IJK ) SPDR S&P 400 Mid Cap Growth ETF (based on S&P MidCap 400 Growt ( MDYG ) iShares Core S&P Mid-Cap ETF ( IJH ).
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Shareholders who purchased AAP prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have AAP as a top-10 holding: PowerShares Dynamic Retail ( PMR ) Vanguard S&P Mid-Cap 400 Growth ETF ( IVOG ) iShares S&P Mid-Cap 400 Growth ETF ( IJK ) SPDR S&P 400 Mid Cap Growth ETF (based on S&P MidCap 400 Growt ( MDYG ) iShares Core S&P Mid-Cap ETF ( IJH ). Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on March 18, 2015.
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11792.0
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2015-03-13 00:00:00 UTC
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Can O'Reilly Automotive Stay In The Fast Lane?
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AAP
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https://www.nasdaq.com/articles/can-oreilly-automotive-stay-fast-lane-2015-03-13
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nan
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nan
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W hen it comes to accelerating profit, O'Reilly Automotive operates in high gear.O'Reilly ( ORLY ), highly rated by IBD, has logged 16 straight quarters of double-digit profit growth.
Analysts see it staying in the fast lane as the specialty retailer of aftermarket auto parts continues to rev up its business by luring commercial and do-it-yourself customers with top-flight service, a deep and broad-based inventory and far-flung distribution capabilities.
Lower gas prices should prompt people to drive more and put more stress on their cars, fueling demand for parts and services from O'Reilly and its large auto parts retail peers, includingAutoZone ( AZO ) andAdvance Auto Parts ( AAP ), analysts say.
Last year, O'Reilly and other auto parts retailers got a nice jolt from the extremely cold winter, which increased wear and tear on cars, driving up demand for auto parts.
DIY Does Well
O'Reilly generates about 58% of its sales from do-it-yourself customers, who take on their own repairs, and the remaining 42% from professional service providers, including garages, repair shops and paint and body shops.
At the end of last year it had 4,366 stores in 43 states. It has 26 regional distribution centers.
O'Reilly's stock has been enjoying an impressive run. The company's share price shot up 50% in 2014. It's risen 8% so far this year.
Why the investor enthusiasm?
"The industry had very favorable weather last year, which helped create a lot of demand," said SunTrust Robinson Humphrey analyst Robert Higginbotham. "Everyone's revenue grew nicely. Just as that tailwind seemed to fade, gas prices fell. So there was a nice handoff from weather to lower gas prices."
O'Reilly and other auto parts retailers have been "consolidating" the industry and taking share from the mom-and-pop players, he adds, which has increased their negotiating power with a very "fragmented" vendor base.
"That has driven big gains in margin and working capital efficiency, which has also (helped) the stock performance." he said. "With longer and longer payment terms from their vendors -- having more days to pay -- players like O'Reilly have been able to fund inventory at almost zero cost, which allows them to take even more share from the mom-and-pops. (That) leads to even better negotiating leverage and so on, a dynamic which (I refer) to as the 'auto parts retail virtuous cycle.'"
O'Reilly's stock popped around 8% on Feb. 5, following a strong fourth-quarter report late the day before.
Earnings climbed 26% to $1.76 a share, ahead of the consensus view of analysts polled by Thomson Reuters. Revenue rose 9% to $1.76 billion, also beating forecasts.
Same-store sales rose a hefty 6.3% from a year earlier.
O'Reilly management did not respond to a phone call requesting a comment for this story.
The company announced that it approved a resolution to increase the authorization amount under its share repurchase program by an additional $500 million, raising the aggregate authorization to $5 billion. The additional $500 million is effective for a three-year period beginning on Feb. 4.
Robert W. Baird & Co. analyst Craig Kennison calls O'Reilly a "wonderful" company.
"At the end of the day, commercial repair shops are in the business of fixing cars and the best way to serve them is to have the right part at the right time at the right price when they need it," he said. "It's about parts fulfillment. I think O'Reilly has the right distribution infrastructure to get parts to consumers and repair shops when they need it.
"If you look at the financial metrics, (O'Reilly generates) a tremendous return on capital, it has very strong cash flow and a good (stock) buyback strategy to return capital to shareholders," he added.
What differentiates O'Reilly from the other auto parts retailers is that it has the "strongest history and most consistent execution of a mix of retail and commercial businesses," adds Higginbotham.
He says that auto parts retailers that historically have had a retail focus are "moving more" into the commercial business.
"O'Reilly has the most dense distribution of all the players," he added. "It has the most distribution centers per store. That allows them to fulfill orders more efficiently, more often, which is more crucial in the commercial business than the retail business."
The commercial business, Higginbotham adds, is a "different ball game" in terms of having to be able to say yes to as many requests as possible. He says that having the supply of products to meet the requests means investing a lot in inventory and distribution.
"O'Reilly is best at doing that," he said.
Higginbotham says that several years ago, store growth was the big driver of O'Reilly's strong performance.
More recently, it's been a function of the company's "superiority" in terms of execution, which has helped it gain a lot of market share, he adds.
Analysts polled by Thomson Reuters expect O'Reilly to see a 16% rise in full-year 2015 earnings to $8.55 a share. They expect a 13% gain in 2016 and a 14% increase in 2017 -- lower growth than in years past but still strong.
Low Gas Prices Drive Business
Lower gas prices should be a nice tailwind for the industry, says Higginbotham.
"Lower gas prices are an important driver because if gas is cheaper, people tend to drive more and it puts more wear and tear on their cars," he said.
They tend to benefit the low-income consumer -- the do-it-yourself customer -- the most, he adds.
Lower gas prices can have a "meaningful" impact on spending on car repairs, adds Kennison.
"In a tough economy people will defer spending on car repairs," he said. "At some point the deferment catches up.
"Lower gas prices give consumers the resources to fix some deferred maintenance items."
O'Reilly is part of IBD's Retail-Wholesale-Auto Parts industry group, which also includes Advance Auto Parts, AutoZone,Copart ( CPRT ),Pep Boys ( PBY ) and a handful of others. O'Reilly gets the highest IBD Composite Rating of those companies, a 98 out of a possible 99, factoring in metrics such as earnings growth and stock price gains.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lower gas prices should prompt people to drive more and put more stress on their cars, fueling demand for parts and services from O'Reilly and its large auto parts retail peers, includingAutoZone ( AZO ) andAdvance Auto Parts ( AAP ), analysts say. Analysts see it staying in the fast lane as the specialty retailer of aftermarket auto parts continues to rev up its business by luring commercial and do-it-yourself customers with top-flight service, a deep and broad-based inventory and far-flung distribution capabilities. "The industry had very favorable weather last year, which helped create a lot of demand," said SunTrust Robinson Humphrey analyst Robert Higginbotham.
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Lower gas prices should prompt people to drive more and put more stress on their cars, fueling demand for parts and services from O'Reilly and its large auto parts retail peers, includingAutoZone ( AZO ) andAdvance Auto Parts ( AAP ), analysts say. Last year, O'Reilly and other auto parts retailers got a nice jolt from the extremely cold winter, which increased wear and tear on cars, driving up demand for auto parts. Low Gas Prices Drive Business Lower gas prices should be a nice tailwind for the industry, says Higginbotham.
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Lower gas prices should prompt people to drive more and put more stress on their cars, fueling demand for parts and services from O'Reilly and its large auto parts retail peers, includingAutoZone ( AZO ) andAdvance Auto Parts ( AAP ), analysts say. Last year, O'Reilly and other auto parts retailers got a nice jolt from the extremely cold winter, which increased wear and tear on cars, driving up demand for auto parts. What differentiates O'Reilly from the other auto parts retailers is that it has the "strongest history and most consistent execution of a mix of retail and commercial businesses," adds Higginbotham.
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Lower gas prices should prompt people to drive more and put more stress on their cars, fueling demand for parts and services from O'Reilly and its large auto parts retail peers, includingAutoZone ( AZO ) andAdvance Auto Parts ( AAP ), analysts say. I think O'Reilly has the right distribution infrastructure to get parts to consumers and repair shops when they need it. "O'Reilly is best at doing that," he said.
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11793.0
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2015-03-02 00:00:00 UTC
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iShares S&P Mid-Cap 400 Growth ETF Experiences Big Inflow
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AAP
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https://www.nasdaq.com/articles/ishares-sp-mid-cap-400-growth-etf-experiences-big-inflow-2015-03-02
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the iShares S&P Mid-Cap 400 Growth ETF (Symbol: IJK) where we have detected an approximate $67.2 million dollar inflow -- that's a 1.3% increase week over week in outstanding units (from 30,550,000 to 30,950,000). Among the largest underlying components of IJK, in trading today Advance Auto Parts Inc (Symbol: AAP) is up about 0.2%, Salix Pharmaceuticals Ltd (Symbol: SLXP) is off about 0.1%, and Federal Realty Investment Trust (Symbol: FRT) is up by about 1.4%. For a complete list of holdings, visit the IJK Holdings page » The chart below shows the one year price performance of IJK, versus its 200 day moving average:
Looking at the chart above, IJK's low point in its 52 week range is $139.15 per share, with $169.47 as the 52 week high point - that compares with a last trade of $169.47. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » .
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IJK, in trading today Advance Auto Parts Inc (Symbol: AAP) is up about 0.2%, Salix Pharmaceuticals Ltd (Symbol: SLXP) is off about 0.1%, and Federal Realty Investment Trust (Symbol: FRT) is up by about 1.4%. For a complete list of holdings, visit the IJK Holdings page » The chart below shows the one year price performance of IJK, versus its 200 day moving average: Looking at the chart above, IJK's low point in its 52 week range is $139.15 per share, with $169.47 as the 52 week high point - that compares with a last trade of $169.47. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of IJK, in trading today Advance Auto Parts Inc (Symbol: AAP) is up about 0.2%, Salix Pharmaceuticals Ltd (Symbol: SLXP) is off about 0.1%, and Federal Realty Investment Trust (Symbol: FRT) is up by about 1.4%. For a complete list of holdings, visit the IJK Holdings page » The chart below shows the one year price performance of IJK, versus its 200 day moving average: Looking at the chart above, IJK's low point in its 52 week range is $139.15 per share, with $169.47 as the 52 week high point - that compares with a last trade of $169.47. Click here to find out which 9 other ETFs had notable inflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IJK, in trading today Advance Auto Parts Inc (Symbol: AAP) is up about 0.2%, Salix Pharmaceuticals Ltd (Symbol: SLXP) is off about 0.1%, and Federal Realty Investment Trust (Symbol: FRT) is up by about 1.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the iShares S&P Mid-Cap 400 Growth ETF (Symbol: IJK) where we have detected an approximate $67.2 million dollar inflow -- that's a 1.3% increase week over week in outstanding units (from 30,550,000 to 30,950,000). For a complete list of holdings, visit the IJK Holdings page » The chart below shows the one year price performance of IJK, versus its 200 day moving average: Looking at the chart above, IJK's low point in its 52 week range is $139.15 per share, with $169.47 as the 52 week high point - that compares with a last trade of $169.47.
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Among the largest underlying components of IJK, in trading today Advance Auto Parts Inc (Symbol: AAP) is up about 0.2%, Salix Pharmaceuticals Ltd (Symbol: SLXP) is off about 0.1%, and Federal Realty Investment Trust (Symbol: FRT) is up by about 1.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the iShares S&P Mid-Cap 400 Growth ETF (Symbol: IJK) where we have detected an approximate $67.2 million dollar inflow -- that's a 1.3% increase week over week in outstanding units (from 30,550,000 to 30,950,000). For a complete list of holdings, visit the IJK Holdings page » The chart below shows the one year price performance of IJK, versus its 200 day moving average: Looking at the chart above, IJK's low point in its 52 week range is $139.15 per share, with $169.47 as the 52 week high point - that compares with a last trade of $169.47.
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11794.0
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2015-02-23 00:00:00 UTC
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European tech blank check: Atlantic Alliance Partnership files and sets terms for $75 million IPO
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AAP
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https://www.nasdaq.com/articles/european-tech-blank-check-atlantic-alliance-partnership-files-and-sets-terms-75-million
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nan
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nan
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Atlantic Alliance Partnership, a blank check company focused on the media, internet and consumer sectors in the UK and Europe, filed and set terms for its IPO on Monday.
The London, United Kingdom-based company plans to raise $75 million by offering 7.5 million shares at a price of $10. At the proposed price, Atlantic Alliance Partnership ( AAP ) would command a fully diluted market value of $97 million.
Unlike most blank check companies, AAP is not offering warrants in its offering.
Jonathan Goodwin is Chairman and CEO. Goodwin is the founder and CEO of Lepe Partners, a London-based merchant bank. Before that, served as Head of Global TMT (technology, media, telecom) investment banking at Jefferies. Goodwin served as co-founder and CEO of LongAcre Partners until Jefferies acquired the boutique investment bank in 2007 for an estimated £40 million.
Atlantic Alliance Partnership was formed in 2015 and plans to list on the NASDAQ under the symbol AAPC. Citi is the sole bookrunner on the deal.
The article European tech blank check: Atlantic Alliance Partnership files and sets terms for $75 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At the proposed price, Atlantic Alliance Partnership ( AAP ) would command a fully diluted market value of $97 million. Unlike most blank check companies, AAP is not offering warrants in its offering. Atlantic Alliance Partnership was formed in 2015 and plans to list on the NASDAQ under the symbol AAPC.
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At the proposed price, Atlantic Alliance Partnership ( AAP ) would command a fully diluted market value of $97 million. Unlike most blank check companies, AAP is not offering warrants in its offering. Atlantic Alliance Partnership was formed in 2015 and plans to list on the NASDAQ under the symbol AAPC.
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At the proposed price, Atlantic Alliance Partnership ( AAP ) would command a fully diluted market value of $97 million. Unlike most blank check companies, AAP is not offering warrants in its offering. Atlantic Alliance Partnership was formed in 2015 and plans to list on the NASDAQ under the symbol AAPC.
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At the proposed price, Atlantic Alliance Partnership ( AAP ) would command a fully diluted market value of $97 million. Unlike most blank check companies, AAP is not offering warrants in its offering. Atlantic Alliance Partnership was formed in 2015 and plans to list on the NASDAQ under the symbol AAPC.
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11795.0
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2015-02-19 00:00:00 UTC
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Auto Stock Roundup: Toyota Cars Revamped; General Motors Readies Bolt Plant; NHTSA Tallies Recall - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-toyota-cars-revamped-general-motors-readies-bolt-plant-nhtsa-tallies
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nan
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nan
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The fourth-quarter earnings season is nearing its end, and normal business transactions have again started taking center stage in the auto industry. Only Advance Auto Parts Inc. ( AAP ) reported earnings last week, missing on both top and bottom lines despite strong year-over-year gains. Meanwhile, the National Highway Traffic Safety Administration (NHTSA) revealed record high recall figures for 2014.
There were notable positive developments as well such as Toyota Motor Corp.'s ( TM ) unveiling of three revamped vehicles and Lear Corp.'s ( LEA ) increase in share repurchase authorization and quarterly dividend. General Motors Co. ( GM ) announced investments in plants for the production of an electric vehicle based on the Bolt EV concept.
(Read last to last week's recap here: Auto Stock Roundup for Feb 12, 2015 )
Recap of the Most Important Earnings
1. The NHTSA revealed that automakers announced a significant 803 recalls covering about 64 million vehicles in the U.S. last year. Both figures are all-time highs. The number of recalled vehicles is more than twice the last record of 30.8 million vehicles in 2004. The earlier record for the number of announcements was 684 recalls in 2008.
2. Advance Auto Parts reported a 45.7% rise in adjusted comparable earnings to $1.37 per share in the fourth quarter of fiscal 2014 (ended Jan 3, 2015) from 94 cents in the prior-year quarter. However, the figure missed the Zacks Consensus Estimate of $1.48 per share. Revenues went up 48.1% year over year to $2.09 billion, missing the Zacks Consensus Estimate of $2.28 billion.
The year-over-year increase in sales was driven by benefits from the General Parts' takeover, increase in comparable same-store sales and the addition of new stores over the last 12 months. Adjusted earnings per share are projected in the range of $8.35-$8.55 for fiscal 2015 (read more: Advance Auto Parts' Q4 Earnings Miss Estimates, Rise Y/Y ).
3. Lear announced that its board of directors has increased its share repurchase authorization to $1 billion. The authorization has been extended until Dec 31, 2017. Lear also announced a 25% increase in the quarterly dividend for 2015 to 25 cents per share from 20 cents paid a year ago. Thus, the dividend yield increased to 0.92% from 0.74% recorded earlier (read more: Lear Increases Share Repurchase Authorization & Dividend ).
4. Toyota unveiled the 2016 versions of Avalon, Camry Special Edition and Corolla Special Edition at the 2015 Chicago Auto Show. All three vehicles will be sold from this fall. However, the production of Camry Special Edition will be limited to 12,000 units and that of Corolla Special Edition will be capped at 8,000 units.
5. General Motors announced that it will build a next-generation electric vehicle based on the Bolt EV concept at its Orion Assembly plant. While the date of commencement of production was not revealed, the automaker divulged that it will invest $160 million in the Orion Assembly plant for tooling and assembling and $40 in the Pontiac Metal Center facility for new dies for the electric vehicle.
Performance
Performance of auto stocks remained mixed in the last week. Toyota gained the most, closely followed by Honda. Meanwhile, Advance Auto Parts was the biggest loser as its earnings and revenues missed estimates. Consequently, the company lost its long-held position as the top gainer in the last six months to AutoZone Inc. ( AZO ). Meanwhile, Tesla Motors, Inc. ( TSLA ) retained its position as the biggest loser in the six-month period.
What's Next in the Auto Space?
As no major development is lined up for next week, the performance of auto stocks should not change significantly.
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TOYOTA MOTOR CP (TM): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
LEAR CORPORATN (LEA): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Only Advance Auto Parts Inc. ( AAP ) reported earnings last week, missing on both top and bottom lines despite strong year-over-year gains. Click to get this free report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. The fourth-quarter earnings season is nearing its end, and normal business transactions have again started taking center stage in the auto industry.
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Click to get this free report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Only Advance Auto Parts Inc. ( AAP ) reported earnings last week, missing on both top and bottom lines despite strong year-over-year gains. There were notable positive developments as well such as Toyota Motor Corp.'s ( TM ) unveiling of three revamped vehicles and Lear Corp.'s ( LEA ) increase in share repurchase authorization and quarterly dividend.
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Click to get this free report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Only Advance Auto Parts Inc. ( AAP ) reported earnings last week, missing on both top and bottom lines despite strong year-over-year gains. There were notable positive developments as well such as Toyota Motor Corp.'s ( TM ) unveiling of three revamped vehicles and Lear Corp.'s ( LEA ) increase in share repurchase authorization and quarterly dividend.
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Only Advance Auto Parts Inc. ( AAP ) reported earnings last week, missing on both top and bottom lines despite strong year-over-year gains. Click to get this free report TOYOTA MOTOR CP (TM): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report LEAR CORPORATN (LEA): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. There were notable positive developments as well such as Toyota Motor Corp.'s ( TM ) unveiling of three revamped vehicles and Lear Corp.'s ( LEA ) increase in share repurchase authorization and quarterly dividend.
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11796.0
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2015-02-14 00:00:00 UTC
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Why You Can Buy the Newest Dividend Aristocrat
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AAP
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https://www.nasdaq.com/articles/why-you-can-buy-newest-dividend-aristocrat-2015-02-14
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nan
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nan
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Realty Income Corporation just joined a very exclusive club of stocks. After a 20-year history as a public company, the real estate investment trust, or REIT, was added to the S&P High Yield Dividend Aristocrats index because of its outstanding history of increasing its dividend. And unlike most stocks in the index, which increase their dividends once per year, Realty Income has increased its payout much more frequently.
Here's an overview of the newest dividend aristocrat, and why it could make an excellent addition to your portfolio.
What Realty Income does
Realty Income owns more than 4,200 commercial properties, which are diversified geographically as well as across a variety of industries.
The majority of these properties are freestanding buildings in prime locations, and most of Realty Income's tenants are large, nationally known retailers. Just to name a few, some of the company's largest tenants are Advance Auto Parts , AMC Theaters , Circle K, Family Dollar , Wal-Mart 's Sam's Club, Yum! Brands ' Taco Bell, and Walgreen .
So to put it simply, Realty Income buys commercial properties, leases them to high-quality tenants, and then passes the profits generated to its shareholders. And as a REIT, it's required to distribute at least 90% of its income.
Outstanding dividend record
Unlike most of the dividend aristocrats, Realty Income pays its dividend on a monthly basis. It's even known as "the monthly dividend company."
Including the most recent increase, which boosted the dividend yield by 3%, Realty Income has increased its dividend 79 times since it became a publicly traded company in 1994, including 69 consecutive quarterly increases. During that time, the dividend has grown from a total annual rate of $0.90 per share to about $2.27, which is a 4.4% yield at today's price, and I'd be surprised if we didn't see a few more increases this year.
Two ways shareholders make money
Shareholders stand to benefit in two ways -- growing income as well as a higher intrinsic value.
As far as income growth goes, one way the company grows its income is by expanding its portfolio of properties and leasing out those new properties for more than the "cost of capital" to acquire the new properties. For a simplified example, if it costs Realty Income 4% interest to borrow money and the property it buys generates an 8% annual return, the 4% "spread" is the profit that can be paid to shareholders.
The other way Realty Income grows its income is through rent increases, which are typically built into the tenants' lease, and typically range from 0.2% to 2% per year, according to the company.
Commercial properties are valued based on a few factors, but perhaps the most important is the property's ability to generate income. As the amount of rent a building can generate rises, so does its value, which causes the intrinsic value of Realty Income's stock to grow.
High reward with low risk
One reason I prefer commercial real estate to residential is that there's a whole lot less uncertainty involved.
For starters, the lease terms tend to be much longer. While an apartment tenant generally signs a lease for one year or two at the most, commercial tenants sign leases that can last for decades. In fact, Realty Income's typical lease has a timeframe of 10 to 20 years. And as I mentioned before, there are usually annual increases built right into the lease, which means that the company will grow its income no matter what the economy does.
And the tenants are on "net leases," which takes a lot of the uncertainty out of property ownership for the company. Under this type of lease, the tenants are responsible for variable costs such as property taxes, building insurance, and maintenance. All Realty Income has to do is to collect a check.
Although the business model is relatively low-risk, the reward potential is huge, and the proof is in the performance. Since going public, the stock has averaged a 17.1% annual total return, handily beating the S&P 500's 9.7%.
It just went on sale
Coincidentally, as soon as Realty Income was added to the dividend aristocrats, the share price underwent a pullback, mainly caused by speculation of rising interest rates and their potential effect on REITs. In fact, Realty Income's share price has dropped by more than 7% since the end of January.
However, after such a stellar performance in 2014 (a total return of more than 33%), a pullback isn't all that surprising. Just bear in mind that Realty Income has thrived in a rising-rate environment before and will do so again. Whatever interest rates do in the coming months and years, Realty Income should deliver excellent performance and income, and I see any pullbacks like this as excellent buying opportunities.
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The article Why You Can Buy the Newest Dividend Aristocrat originally appeared on Fool.com.
Matthew Frankel owns shares of Realty Income. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Just to name a few, some of the company's largest tenants are Advance Auto Parts , AMC Theaters , Circle K, Family Dollar , Wal-Mart 's Sam's Club, Yum! For a simplified example, if it costs Realty Income 4% interest to borrow money and the property it buys generates an 8% annual return, the 4% "spread" is the profit that can be paid to shareholders. It just went on sale Coincidentally, as soon as Realty Income was added to the dividend aristocrats, the share price underwent a pullback, mainly caused by speculation of rising interest rates and their potential effect on REITs.
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After a 20-year history as a public company, the real estate investment trust, or REIT, was added to the S&P High Yield Dividend Aristocrats index because of its outstanding history of increasing its dividend. For a simplified example, if it costs Realty Income 4% interest to borrow money and the property it buys generates an 8% annual return, the 4% "spread" is the profit that can be paid to shareholders. The other way Realty Income grows its income is through rent increases, which are typically built into the tenants' lease, and typically range from 0.2% to 2% per year, according to the company.
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Including the most recent increase, which boosted the dividend yield by 3%, Realty Income has increased its dividend 79 times since it became a publicly traded company in 1994, including 69 consecutive quarterly increases. As far as income growth goes, one way the company grows its income is by expanding its portfolio of properties and leasing out those new properties for more than the "cost of capital" to acquire the new properties. The other way Realty Income grows its income is through rent increases, which are typically built into the tenants' lease, and typically range from 0.2% to 2% per year, according to the company.
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So to put it simply, Realty Income buys commercial properties, leases them to high-quality tenants, and then passes the profits generated to its shareholders. It just went on sale Coincidentally, as soon as Realty Income was added to the dividend aristocrats, the share price underwent a pullback, mainly caused by speculation of rising interest rates and their potential effect on REITs. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
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11797.0
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2015-02-12 00:00:00 UTC
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Thursday Sector Laggards: Home Furnishings & Improvement, Auto Dealerships
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AAP
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https://www.nasdaq.com/articles/thursday-sector-laggards-home-furnishings-improvement-auto-dealerships-2015-02-12
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nan
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nan
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In trading on Thursday, home furnishings & improvement shares were relative laggards, down on the day by about 0.5%. Helping drag down the group were shares of Wayfair ( W ), down about 5.4% and shares of Select Comfort Corporation ( SCSS ) off about 2.9% on the day.
Also lagging the market Thursday are auto dealerships shares, down on the day by about 0.3% as a group, led down by Advance Auto Parts ( AAP ), trading lower by about 3.8% and Penske Automotive Group ( PAG ), trading lower by about 1.2%.
VIDEO: Thursday Sector Laggards: Home Furnishings & Improvement, Auto Dealerships
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Thursday are auto dealerships shares, down on the day by about 0.3% as a group, led down by Advance Auto Parts ( AAP ), trading lower by about 3.8% and Penske Automotive Group ( PAG ), trading lower by about 1.2%. In trading on Thursday, home furnishings & improvement shares were relative laggards, down on the day by about 0.5%. VIDEO: Thursday Sector Laggards: Home Furnishings & Improvement, Auto Dealerships The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Thursday are auto dealerships shares, down on the day by about 0.3% as a group, led down by Advance Auto Parts ( AAP ), trading lower by about 3.8% and Penske Automotive Group ( PAG ), trading lower by about 1.2%. In trading on Thursday, home furnishings & improvement shares were relative laggards, down on the day by about 0.5%. VIDEO: Thursday Sector Laggards: Home Furnishings & Improvement, Auto Dealerships The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Thursday are auto dealerships shares, down on the day by about 0.3% as a group, led down by Advance Auto Parts ( AAP ), trading lower by about 3.8% and Penske Automotive Group ( PAG ), trading lower by about 1.2%. VIDEO: Thursday Sector Laggards: Home Furnishings & Improvement, Auto Dealerships The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Thursday are auto dealerships shares, down on the day by about 0.3% as a group, led down by Advance Auto Parts ( AAP ), trading lower by about 3.8% and Penske Automotive Group ( PAG ), trading lower by about 1.2%. In trading on Thursday, home furnishings & improvement shares were relative laggards, down on the day by about 0.5%. Helping drag down the group were shares of Wayfair ( W ), down about 5.4% and shares of Select Comfort Corporation ( SCSS ) off about 2.9% on the day.
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11798.0
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2015-02-12 00:00:00 UTC
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Auto Stock Roundup: Tesla Q4 Disappoints; GM China Sales Fall in January - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/auto-stock-roundup%3A-tesla-q4-disappoints-gm-china-sales-fall-in-january-analyst-blog-2015
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nan
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nan
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The eagerly awaited earnings of Tesla Motors, Inc. ( TSLA ) came out after the market closed Wednesday, and overshadowed all other developments in the auto industry over the last week. The company incurred losses and weaker-than-expected revenues, which resulted in a 3.9% fall in the stock price in after-hours trading.
Penske Automotive Group, Inc. ( PAG ) and Tata Motors Ltd. ( TTM ) also reported their financial results during the week. Among other key developments, General Motors Co. ( GM ) reported weak China sales for January, while Ford Motor Co. ( F ) offered details of a $2.6 billion investment in a Spanish plant.
(Read last to last week's recap here: Auto Stock Roundup for Feb 5, 2015 )
Recap of the Most Important Earnings
1. Tesla posted adjusted loss (including stock-based compensation expense) of 48 cents per share in the fourth quarter of 2014 against adjusted profit of 13 cents per share in the year-ago quarter. The Zacks Consensus Estimate too was pegged at a profit of 15 cents. Excluding the impact of the deferment of Model S revenues due to lease accounting, the top line jumped 43.9% to $1.1 billion from $761.3 million a year ago, but missed the Zacks Consensus Estimate of $1.25 billion.
Delivery shortfalls due to production delays and one-time manufacturing inefficiencies due to the launch of P85D and Autopilot functionality, along with a stronger dollar, were blamed for the underperformance. However, Tesla anticipates delivering around 55,000 vehicles globally in 2015, up 70% over 2014. Production volume for the first quarter is expected at around 10,000 cars, while deliveries are projected lower at 9,500 units due to higher vehicles in transit to Europe and Asia.
2. Penske's fourth-quarter 2014 adjusted earnings improved 14.5% to 79 cents from 69 cents reported in the year-ago quarter. The result marginally missed the Zacks Consensus Estimate of 80 cents. Revenues grew 16.3% year over year to $4.41 billion, beating the Zacks Consensus Estimate of $4.37 billion. The improvement was driven by a 10.5% increase in total retail sales to 98,251 units, including a 6.8% rise in same-store retail sales to 94,357 units.
3. Tata Motors' earnings declined to INR11.11 per ordinary share (90 cents per American Depositary Share or ADS) for the third quarter of fiscal 2015 (ended Dec 31, 2014) from INR14.91 per share ($1.21 per ADS) in the year-ago quarter. Consolidated revenues increased 9.6% year over year to INR699.73 billion ($11.3 billion). This improvement was attributable to an increase in wholesale volumes, a better product mix and a favorable market mix of Jaguar Land Rover. This was partially offset by the negative impact of a softer economy on the standalone business.
4. General Motors and its joint ventures in China reported a 2.4% year-over-year decrease in sales in the nation to 339,781 vehicles in Jan 2015. The company blamed the decline on inventory shortage at dealerships due to the record high sales by Shanghai GM in Dec 2014.
5. Ford reported that it is in the final stages of upgrading its manufacturing plant in Valencia, Spain, which involves an investment of $2.6 billion, the highest by any automaker in that country's auto industry. The investment will increase the plant's production capacity to 450,000 vehicles a year. This year, Ford will increase the plant's production by 40% to 400,000 units. The improvement will place the Valencia plant among Ford's biggest and most flexible units in the world.
Performance
Most auto stocks performed well in the last week, with General Motors gaining the most. Meanwhile, Tesla recorded the maximum loss due to weak investor sentiments before its earnings release. The electric carmaker was the biggest loser in the last 6 months, with an 18.1% plunge in stock price. Meanwhile, Advance Auto Parts Inc. ( AAP ) sticks to its position as the top gainer in the last six months.
What's Next in the Auto Space?
It will be interesting to see whether Advance Auto Parts still wears its winning laurel after it reports fourth-quarter and full-year 2014 financial results today. Additionally, automakers will report their January sales figures for China and Europe in the days to come.
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FORD MOTOR CO (F): Free Stock Analysis Report
PENSKE AUTO GRP (PAG): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
TATA MOTORS-ADR (TTM): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, Advance Auto Parts Inc. ( AAP ) sticks to its position as the top gainer in the last six months. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. The eagerly awaited earnings of Tesla Motors, Inc. ( TSLA ) came out after the market closed Wednesday, and overshadowed all other developments in the auto industry over the last week.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Advance Auto Parts Inc. ( AAP ) sticks to its position as the top gainer in the last six months. Among other key developments, General Motors Co. ( GM ) reported weak China sales for January, while Ford Motor Co. ( F ) offered details of a $2.6 billion investment in a Spanish plant.
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Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, Advance Auto Parts Inc. ( AAP ) sticks to its position as the top gainer in the last six months. Among other key developments, General Motors Co. ( GM ) reported weak China sales for January, while Ford Motor Co. ( F ) offered details of a $2.6 billion investment in a Spanish plant.
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Meanwhile, Advance Auto Parts Inc. ( AAP ) sticks to its position as the top gainer in the last six months. Click to get this free report FORD MOTOR CO (F): Free Stock Analysis Report PENSKE AUTO GRP (PAG): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report TATA MOTORS-ADR (TTM): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Among other key developments, General Motors Co. ( GM ) reported weak China sales for January, while Ford Motor Co. ( F ) offered details of a $2.6 billion investment in a Spanish plant.
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11799.0
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2015-02-05 00:00:00 UTC
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Cummins (CMI) Tops Q4 Earnings on Solid Segment Results - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/cummins-cmi-tops-q4-earnings-on-solid-segment-results-analyst-blog-2015-02-05
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nan
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nan
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Cummins Inc. 's ( CMI ) earnings per share increased 32% to $2.56 in the fourth quarter of 2014 from $1.94 in the year-ago quarter. Earnings also surpassed the Zacks Consensus Estimate of $2.50 per share. Net income improved 28.5% to $465 million, compared with $362 million in the fourth quarter of 2013.
Cummins Inc. - Earnings Surprise | FindTheBest
Revenues in the reported quarter rose 11% year over year to $5.1 billion. The year-over-year improvement was driven by better revenues from North America, partially offset by lower demand in Brazil and Europe. Further, revenues surpassed the Zacks Consensus Estimate of $5 billion.
Operating income increased to $581 million from $553 million a year ago. Adjusted earnings before interest and taxes (EBIT) improved to $661 million (13% of sales) from $566 million (12.3% of sales) a year ago.
2014 Performance
Earnings for full-year 2014 increased 21.4% to $9.13 per share from $7.52 in 2013 and surpassed the Zacks Consensus Estimate of $9.08. The enhanced profitability was based on better performance in the Components and Distribution businesses, and higher earnings in the Engine business.
Revenues for 2014 increased 11% to $19.2 billion, marginally surpassing the Zacks Consensus Estimate of $19.1 billion. Revenues benefited from the acquisitions made by the company. Revenues from North America improved 20% year over year in 2014. Additionally, revenues from international markets rose 2% year over year on the back of strong demand in China, partially offset by weak performances in Brazil and India.
Segment Performance
Sales in the Engine segment rose 11% to $2.8 billion on increased demand in on-highway markets in North America, partially offset by weakness in the markets of Brazil, China and Europe. The segment's EBIT increased to $315 million (11.1% of sales) from $235 million (9.2% of sales) a year ago.
Sales in the Components segment grew 16% to $1.3 billion on the back of strong on-highway demand in Europe, China and North America. This segment's EBIT surged to $160 million (12.1% of sales) from $140 million (12.3% of sales) in the prior-year quarter.
Sales in the Power Generation segment were flat at $760 million due to improved sales in Latin America and Africa, offset by weaker demand in Eastern Europe and India. The segment's EBIT dropped to $22 million (2.9% of sales) in fourth-quarter 2014 from $46 million (6.1% of sales) in fourth-quarter 2013.
Sales in the Distribution segment rose 58% to $1.7 billion on the back of benefits from acquisitions and higher demand for parts and service in North America. The segment's EBIT improved to $158 million (9.3% of sales) from $107 million (10% of sales) a year ago.
Financial Position
Cummins' cash and cash equivalents decreased to $2.3 billion as of Dec 31, 2014 from $2.7 billion at the end of 2013. Long-term debt decreased to $1.68 billion as of Dec 31, 2014 from $1.69 billion as of Dec 31, 2013. Consequently, the debt-to-capitalization ratio stood at 17.8% as of Dec 31, 2014, compared with 18.4% as of Dec 31, 2013.
In 2014, Cummins' net operating cash flow increased to $2.3 billion from $2.1 billion in the same period a year ago. Capital expenditures went up to $743 million from $676 million in the prior-year period.
Capital Deployment
Cummins is focused on enhancing shareholder value by pursuing aggressive share repurchases and increasing dividend payouts. The company has returned 50% of its full-year operating cash flow to shareholders through dividends and share repurchases.
During 2014, Cummins repurchased 4.8 million shares. The company also announced a 25% increase in its quarterly dividend to 78 cents per share.
2015 Guidance
For 2015, Cummins expects revenues to increase by 2%-4%. EBIT is expected in the range of 13.5%-14%.
Currently, Cummins carries a Zacks Rank #3 (Hold). Other well-ranked automobile stocks include CarMax Inc. ( KMX ), Advance Auto Parts Inc. ( AAP ) and PACCAR Inc. ( PCAR ). While CarMax sports a Zacks Rank #1 (Strong Buy), both Advance Auto Parts and PACCAR carry a Zacks Rank #2 (Buy).
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CUMMINS INC (CMI): Free Stock Analysis Report
PACCAR INC (PCAR): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other well-ranked automobile stocks include CarMax Inc. ( KMX ), Advance Auto Parts Inc. ( AAP ) and PACCAR Inc. ( PCAR ). Click to get this free report CUMMINS INC (CMI): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report To read this article on Zacks.com click here. Sales in the Components segment grew 16% to $1.3 billion on the back of strong on-highway demand in Europe, China and North America.
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Click to get this free report CUMMINS INC (CMI): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report To read this article on Zacks.com click here. Other well-ranked automobile stocks include CarMax Inc. ( KMX ), Advance Auto Parts Inc. ( AAP ) and PACCAR Inc. ( PCAR ). Segment Performance Sales in the Engine segment rose 11% to $2.8 billion on increased demand in on-highway markets in North America, partially offset by weakness in the markets of Brazil, China and Europe.
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Click to get this free report CUMMINS INC (CMI): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report To read this article on Zacks.com click here. Other well-ranked automobile stocks include CarMax Inc. ( KMX ), Advance Auto Parts Inc. ( AAP ) and PACCAR Inc. ( PCAR ). The segment's EBIT increased to $315 million (11.1% of sales) from $235 million (9.2% of sales) a year ago.
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Other well-ranked automobile stocks include CarMax Inc. ( KMX ), Advance Auto Parts Inc. ( AAP ) and PACCAR Inc. ( PCAR ). Click to get this free report CUMMINS INC (CMI): Free Stock Analysis Report PACCAR INC (PCAR): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report To read this article on Zacks.com click here. Sales in the Distribution segment rose 58% to $1.7 billion on the back of benefits from acquisitions and higher demand for parts and service in North America.
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