Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for June, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- Hitting Home Runs & Grand Slams, Not Loud Outs
- RTI: Do Stocks Tank When QE Ends?
- 3 Top-Ranked Consumer ETFs to Buy Now
- This Week's Aggressive Growth Stocks
- Who Wants to Keep "Too Big to Fail" Alive?
- Debt-Ceiling Alarm Bell Tolls
- Avoid These 3 Eurozone ETFs This Summer
- RTI: When Will We Finally See a Pullback?
- Top Stocks with Big Potential Catch-Up Moves
- AWS 5/22: Will Bernanke Show His Hand?
- PFP 5/22: Singular Stock Focus Continues
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/22/2013
| Company Name | Symbol | %Change |
|---|---|---|
| ALLIANCE FIB | AFOP | 9.31% |
| SONIC FOUNDR | SOFO | 7.77% |
| TRI TECH HOL | TRIT | 6.62% |
| A M R CP | AAMRQ | 4.52% |
| FLOWERS FOOD | FLO | 4.31% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
We are reiterating our Neutral recommendation on CarMax Inc. ( KMX - Analyst Report ) . The largest retailer of used vehicles is benefiting from its focus on the used-vehicle market vis-à-vis its peers. However, the company’s margin is under pressure as manufacturers and dealers are providing incentives to attract more customers for trading old cars for new ones.
CarMax, in the second quarter of fiscal 2013 (ended on August 31, 2012), reported a profit of $111.6 million, flat year over year. Earnings of 48 cents per share missed the Zacks Consensus Estimate of 52 cents.
Net sales and operating revenues increased 6.6% year over year to $2.76 billion, surpassing the Zacks Consensus Estimate of $2.74 billion. Used vehicle sales improved 8.8% to $2.2 billion due to higher unit sales. Unit sales went up 8.3% to 111,316 and average selling price marginally increased to $19,494.
CarMax has been performing well with its focus on the used-car market. The company is one of the strongest automotive retailers along with AutoNation Inc. ( AN - Analyst Report ) and Penske Automotive Group Inc. ( PAG - Analyst Report ) . The company has leading liquidity and profitability ratios among its peer group.
The company is rapidly expanding its stores to meet the increasing demand in the U.S. The company opened 5 superstores during the first half of fiscal 2013 (two in Florida, and the rest in Tennessee, California and Pennsylvania). The company also plans to open 10 superstores during fiscal 2013.
However, weak demand in the new vehicle market, primarily domestic cars, has forced manufacturers to offer incentives and attractive pricing. Incentives on new cars appears more attractive compared to the old ones. As a result, the company has to lower used car pricing to reduce inventory, thereby adversely affecting its margins.
Moreover, the used car market is highly competitive with 37,500 independent dealers. In addition, millions of private individuals are also engaged in the business.
Our Neutral recommendation on the stock is backed by a Zacks #3 Rank, which translates into a short-term (1 to 3 months) Hold rating.
Read the full Analyst Report on KMX
Read the full Analyst Report on PAG
Read the full Analyst Report on AN