| Carmax Runs over Estimates Trader Mark submits:We've been watching Carmax (KMX) as a potential position for a good 4-5 months now, but unfortunately never pulled the trigger; these are impressive results especially considering Cash for Clunkers pulled away a good portion of potential buyers for about 5 weeks. (Carmax is mostly a used car dealer although there are some new cars in the mix) Second impressive quarter in a row. Thirty-six cents of earnings even without the 10 cent one-time charge.Keep in mind year ago figures in almost every business are going to be very easy to compare to since the world was in hibernation while watching the US financial system nearly implode. So if we are going to rocket up stocks on nothing other than year-over-year comparisons, October 2009 is going to be a wonderful month. It does appear analysts still are way behind the ball, and since the stock market is all about "beating expectations", that should bode well for a lot of those. How much of that relatively obvious observation is already "priced in" is the unknown factor.Complete Story » seekingalpha.com |
Hyundai's Market Share Growth No Flash in the Pan Research Recap submits: We’ve written before about how Hyundai (HYMLF.PK) and its Kia sibling have benefited from cash-for-clunker schemes and a smart marketing strategy geared to the economic downturn. Recent indications are that the Korean automakers’ success was no clunker-fueled flash in the pan. Hyundai’s sales in the US surged 46% in November, raising its US market share for the year by a third to 4%. Reflecting their improving fortunes, Fitch Ratings on Wednesday upgraded the outlook for Hyundai Motors and Kia Motors to Positive:Complete Story » seekingalpha.com |
Group 1 Automotive, Inc. Q4 2009 Earnings Call Transcript Group 1 Automotive, Inc. (GPI)Q4 2009 Earnings CallFebruary 11, 2010 10:00 AM ESTComplete Story » seekingalpha.com |
Are GDP Numbers to Be Believed? Chris Ridder submits: click to enlarge DateComplete Story » seekingalpha.com |
Ryder System, Inc. Q2 2010 Earnings Call Transcript Ryder System, Inc. (R)Q2 2010 Earnings Call TranscriptComplete Story » seekingalpha.com |