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If you’re nimble, Guy Adami thinks AutoNation belongs on your radar. He sees a catalyst that could send shares screeching higher.
The Fast Money traders discuss how an increase in new vehicle sales year-over-year could positively impact AutoNation.
Take a look at some of Monday's midday movers:
Despite problems in the U.S. economy, including persistently high unemployment, the automotive industry is a bright spot that gives AutoNation CEO Mike Jackson confidence.
Mike Jackson, AutoNation chairman & CEO, discusses his company's Q1 results, reporting EPS of $0.56 vs. $0.53 est, on revenues of $3.7B vs. $3.59B est.
U.S. auto sales continued at a robust pace in March, boosted by consumers with more confidence in a recovering economy who want to buy fuel-efficient cars and trucks in the face of rising gasoline prices.
Auto industry executives are streaming into New York this week for the auto show. Mike Jackson, chairman & CEO of AutoNation, offers insight.
In a reversal of fortune five hedge fund managers who fell off Absolute Return + Alpha magazine annual ranking of the top earning hedge fund managers, known as 'The Rich List'. The magazine’s goal is to bring transparency to the secretive space of the hedge fund industry.
It's the basic question when investing in a stock: is it on the way up or will it go down? Wall Street has developed numerous ways of attempting to predict what will happen.
AutoNation CEO Mike Jackson said stronger stronger auto sales at his company is evidence of a wider U.S. economic recovery, but he is sticking to his forecast of fewer vehicles sold this year than the industry expects.
America's largest auto retailer Autonation enjoyed a 17% boost in new vehicle sales versus a year ago, with Mike Jackson, CEO of AutoNation: "February, everything sold across the board," he says.
Hedge funds took profits in large cap consumer discretionary stocks in the fourth quarter of 2011 and put more money to work in the tech sector, which has been the top performer so far this year.
Signs of an improving U.S. economy have allowed consumers to feel more comfortable pulling out their wallet for nonessentials, pushing consumer discretionary shares to some of the highest growth rates in the S&P 500 in the fourth quarter.
A look at some of Thursday morning's early movers: AT&T, 3M, Caterpillar and more.
AutoNation CEO Mike Jackson predicted the auto industry will sell 14 million units this year, higher than what others in the industry expect.
Why he likes Magna in particular.
Mike Jackson, AutoNation chairman & CEO, weighs in on 2011 new vehicle sales, which were up 11% from the previous year. "The usual replacement rate is about 15% per year; this year it will move over 20%," he says.
A new research report from Goldman Sachs finds that trading in exchange-traded funds does impact individual stocks, but not equally.
No shock and awe this weekend? It sounds like Europe is going back to incremental changes. Traders have been anticipating the European Union summit on Sunday will resolve issues related to: 1) a greater haircut on Greek debt; 2) recapitalization of banks; and 3) how to use the European Financial Stability Facility.