$RACE $F $GM $TSLA $JPM The US auto market is back on track as fast as it fell, making the V-shaped recovery real. New vehicle sales and used vehicle prices are recovering in May and June almost as fast as they declined in March and April, according to JPMorgan. “We didn’t call it, nor did […]
$KAR Wednesday, KAR Auction Services Inc. (NYSE:KAR) was reiterated as Buy and its price target was raised to 20 from 15 at SunTrust, noting that its Top-line and profitability activity levels are rebounding faster than expected. HeffX-LTN’s overall technical outlook for KAR is Bullish with a Very Bullish bias, as it broke out of the […]
$RACE In this column over the recent past, I have reported on Ferrari’s very strong profit margins, which average about 80,000/car. Ferrari is alone in the automotive world, as it reports adjusted earnings before interest, taxes, depreciation and amortization in the 25% to 30% range. These margins have been achieved by branding Ferrari as a […]
$RACE, $PAG, $GM Ferrari is an auto stock to watch in Y 2019 as the iconic Italian manufacturer plans to expand its production over the next 7 years Ferrari and Penske are on the top auto stocks to buy in the New Year, Consumer Edge Research’s Jamie Albertine said on TV Wednesday. The automotive research […]
Tesla’s (NASDAQ:TSLA) Used EVs, the ‘Water in its Backyard’ $TSLA With more used EVs coming in, Tesla (NASDAQ:TSLA) is said to be partnering with car auction firms in an effort to sell out those used cars. According to a new report in the media, Tesla is working with Manheim and Adesa KAR to sell larger […]
An Analysis of the World of Used Tesla’s (NASDAQ:TSLA) $TSLA Reportedly, Elon Musk went on a rant about members of the Tesla Motors Inc. (NASDAQ: TSLA) sales force who are offering new and used cars at a discount. Consumers should know that there are a large number of used Tesla cars for sale. So, buying […]