Report: Coverage on CarMax, AutoNation, China Auto Logistics, Copart Stocks

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June 6, 2017—Today's research on is centered on the auto dealerships space. Equities under assessment are: CarMax Inc., AutoNation Inc., China Auto Logistics Inc., and Copart Inc.


CarMax Inc.'s stock declined 0.52 percent, to close the day at $63.60. A total volume of 1.77 million shares was traded. The company's shares have advanced 8.68 percent in the last month. The stock is trading 6.45 percent above its 50-day moving average and 6.35 percent above its 200-day moving average. Additionally, shares of CarMax, which through its subsidiaries, operates as a retailer of used vehicles in the US, have a Relative Strength Index (RSI) of 59.61.

On May 18, 2017, research firm Wedbush upgraded the Company's stock rating from 'Neutral' to 'Outperform' while revising its previous target price from $60 a share to $70 a share.


AutoNation Inc. saw a decline of 1.21 percent, finishing Friday's session at $39.86. The stock recorded a trading volume of 939,445 shares. The Company's shares are trading below their 50-day moving average by 2.77 percent. Furthermore, shares of AutoNation, which through its subsidiaries, operates as an automotive retailer in the US, have an RSI of 49.34.  

On May 15, 2017, AutoNation announced the resignation of William "Bill" Berman as President and COO. Berman will continue to serve as an employee of the Company in an advisory capacity through June 30th, 2017. Mike Jackson, AutoNation's Chairman and CEO, will assume all operating responsibilities as the Company begins the selection process for a new President and COO.

China Auto Logistics  

China Auto Logistics Inc.'s stock finished 2.11 percent lower at $2.32 last Friday at the close. A total volume of 35,614 shares was traded. The company's shares have advanced 1.35 percent in the previous three months. The stock is trading below its 50-day moving average by 8.41 percent. Additionally, shares of China Auto Logistics, which together with its subsidiaries, sells and trades in imported automobiles in the People's Republic of China, have an RSI of 41.35.

On May 15th, 2017, China Auto Logistics announced results for its Q1 ended March 31st, 2017. Net revenue for the quarter was $110,533,781; net loss from continuing operations attributable to shareholders was $(135,246); net revenue from sales of automobiles was $109,795,054; and operating income from sales of automobiles was $29,958. As of March 31, 2017, cash and cash equivalents were $3,003,497.


Copart Inc.'s shares ended the session 0.22 percent lower at $31.72. The stock recorded a trading volume of 878,761 shares. Shares of the company have advanced 4.79 percent in the last month, 4.88 percent over the previous three months, and 14.49 percent on an YTD basis. The stock is trading 4.39 percent above its 50-day moving average and 12.04 percent above its 200-day moving average. Moreover, shares of Copart, which provides online auctions and vehicle remarketing services, have an RSI of 66.07.

On June 1, 2017, Copart announced an expansion. This marks the sixth expansion and ninth new Copart location announced this year. The expansion of the company's location in Eight Mile increases capacity for storing salvage and clean title vehicles that are sold through weekly, live online auctions.


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