Trends+Analysis Latest News News

Dealer Stocks Simmer Following Hot Streak

Order Reprints

Feb. 15, 2018—Auto dealer stocks have continued to cool off, after reaching record highs in the last part of January (due to tax benefit optimism), as noted in a report by investing website Seeking Alpha.

Notable auto stocks that have declined recently include Sonic Automotive (minus-3.7 percent); CarMax (minus-3.5 percent); Group 1 Automotive (minus-3.6 percent); AutoNation (minus-2.2 percent); Penske Automotive (minus-2.3 percent); and Asbury Automotive Group (minus-1.8 percent).

Much of the sector is still up on a year-to-date basis, however, Seeking Alpha noted.

Related Articles

Analysis: CarMax Endures Difficult Q4

Analysis: How GM became a Top Auto Industry Stock

Group 1 Automotive Paying Bonuses Following Tax Cuts

You must login or register in order to post a comment.