Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
- Latest News
- Most Popular
- How to Invest in QE's Twilight
- RTI: Fed Keeps QE Pace Unchanged
- ETFs on the Move After Bernanke's Press Conference
- Roundtable Top Picks of the Week
- FED Front & Center Again
- RTI: Sector Strength Charts - Where's the Opportunity Now?
- Surging Financial ETFs Beating the Market
- Utility Industry Stock Outlook - June 2013
- Your Next Stock Should Be Making New Highs
- AWS 6/19: Will Bernanke Clarify Matters Today?
- PFP 6/19: Investors Bold in Wake of the Fed
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 06/19/2013
| Company Name | Symbol | %Change |
|---|---|---|
| SONIC FOUNDR | SOFO | 4.40% |
| SUPPORTCOM I | SPRT | 3.75% |
| UNISYS CORP | UIS | 3.31% |
| SHORETEL INC | SHOR | 3.22% |
| GREEN MOUNTA | GMCR | 3.13% |
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.
On Feb 7, we upgraded AutoNation Inc. (AN - Analyst Report) to Outperform based on its optimal brand and market mix, which is driving the sales of new vehicles. Further, the upgrade was based on the company’s continued focus on dealership network expansion by investing in existing stores and service centers.
Why the Upgrade?
AutoNation posted a 31.4% increase in earnings per share to 67 cents in the fourth quarter of 2012 from 51 cents in the corresponding quarter last year. With this, profits surpassed the Zacks Consensus Estimate by a couple of cents.
Revenues for the quarter increased 13.5% to $4.2 billion. The growth in revenues was driven by strong performance of all the businesses. Revenues were ahead of the Zacks Consensus Estimate of $4.0 billion.
Following the release of the fourth quarter results, the Zacks Consensus Estimate for 2013 increased 1.4% to $2.91 per share. Meanwhile, the Zacks Consensus Estimate for 2014 increased 2.5% to $3.26 per share.
AutoNation is set to witness higher margins due to its product mix, focus on selling parts and services, such as insurance, finance and aftermarket product services. In addition, the company‘s new vehicle sales have been improving at a fast pace. In the fourth quarter of 2012, the company’s retail new vehicle unit sales increased 17%.
Other Stocks to Consider
Rush Enterprises, Inc. (RUSHA - Snapshot Report), Asbury Automotive Group, Inc. (ABG - Snapshot Report) and Group 1 Automotive Inc. (GPI - Snapshot Report) are performing well in the same industry where AutoNation operates. Rush Enterprises and Asbury Automotive are Zacks Rank #1 (Strong Buy) stocks while Group 1 carries a Zacks Rank #2 (Buy).
Get the full Analyst Report on AN - FREE
Get the full Snapshot Report on GPI - FREE
Get the full Snapshot Report on ABG - FREE
Get the full Snapshot Report on RUSHA - FREE