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CarMax's Story Can Only Get 'Better From Here,' Analyst Says After Q4 Print
Thursday, April 5, 2018 - 3:15pm | 410Heading into CarMax, Inc (NYSE: KMX)'s fourth-quarter earnings report Wednesday, investors were likely expecting weak same-store unit comps — which the company delivered, along with an EPS miss. In the view of Buckingham Research Group, the bullish narrative for the used car retailer...
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Buckingham Neutral On Delphi With Growth Already Baked In
Thursday, February 8, 2018 - 2:27pm | 302Delphi Technologies PLC (NYSE: DLPH) was in freefall Thursday on no discernable news apart from a fresh sideline rating. The Rating Buckingham Research Group analyst Glenn Chin initiated coverage with a Neutral rating and $58 price target. The Thesis With global leadership in both internal...
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Hurricane Tailwinds May Have Blown Group 1 Auto Into An Unattractive Valuation
Monday, November 13, 2017 - 3:32pm | 319Group 1 Automotive, Inc. (NYSE: GPI) reported better-than-expected earnings Oct. 26 and the stock traded sharply higher. The Analyst The Buckingham Research Group's Glenn Chin downgraded the stock from Buy to Neutral and increased the price target from $77 to $86. The Thesis Hurricane...
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Autoliv Shares Are Overvalued, But Don't Sell Just Yet
Friday, September 15, 2017 - 1:38pm | 314Buckingham Research Group upgraded Autoliv Inc. (NYSE: ALV) and also raised its price target, which implies 10 percent downside from current levels. Autoliv stock ran up 12 percent on Thursday following its announcement that it has initiated strategic review to separate its Passive Safety and...
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August Auto Sales Recover Modestly As Industry Looks To Post-Hurricane Replacement Demand
Friday, September 1, 2017 - 1:43pm | 1009Some semblance of sanity returned to the auto market in August after an extended lean run that spanned seven months. That said, the performance remained lukewarm, as companies continued to work their way through inventories. August 2017 had one additional selling day compared to the same month in...
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Will Monthly Auto Sales Decline For 8th Straight Month?
Thursday, August 24, 2017 - 11:16am | 541Seasonally adjusted annualized auto sales in August are expected to land at 16.6 million units and “will be viewed negatively by investors,” according to the Buckingham Research Group. The sales projection represents the eighth consecutive month of year-over-year declines in auto sales...