Edition:
United States

Auto Vehicles, Parts & Service Retailers

Page 1

Tokatsu Holdings says merger between units

Thursday, 11 Jan 2018 01:20am EST

Jan 11 (Reuters) - Tokatsu Holdings Co Ltd <2754.T>:Says unit Honda Cars TOKATSU will merge with Chiba-based unit, which is engaged in sale and maintenance of automobiles, effective April 1 .Says Chiba-based unit will be dissolved after transaction .

Barna Capital Group Reports 19.5 Percent Stake In China Auto Logistics

Wednesday, 10 Jan 2018 06:36am EST

Jan 10 (Reuters) - China Auto Logistics Inc ::BARNA CAPITAL GROUP SAYS CONSIDERS ACTIVIST POSITION, POSSIBLY A SEAT ON BOARD OF CHINA AUTO LOGISTICS INC - SEC FILING.BARNA CAPITAL GROUP LTD REPORTS 19.5 PERCENT STAKE IN CHINA AUTO LOGISTICS INC AS OF JAN 8 - SEC FILING.BARNA CAPITAL GROUP​ SAYS GOAL IS TO HAVE CHINA AUTO LOGISTICS MANAGEMENT EITHER TAKE CO PRIVATE OR SELL COMPANY ALTOGETHER - SEC FILING.BARNA CAPITAL GROUP - WANT CHINA AUTO LOGISTICS' MANAGEMENT TO CONSIDER PAYING OUT DIVIDEND/BUY BACK CERTAIN AMOUNT OF SHARES.

Sonic Automotive reports Q3 earnings of $0.45/shr from cont ops

Tuesday, 24 Oct 2017 07:30am EDT

Oct 24 (Reuters) - Sonic Automotive Inc ::Sonic Automotive, Inc. reports third quarter results - record F&I results and total gross profit.Q3 adjusted earnings per share $0.40 from continuing operations.Q3 earnings per share $0.45 from continuing operations.Q3 earnings per share view $0.40 -- Thomson Reuters I/B/E/S.Q3 net loss attributable to pre-owned stores operations was $0.07 per share .Expect fiscal 2017 GAAP earnings per share from continuing operations to be between $1.55 and $1.65​.Expect fiscal 2017 adjusted earnings per share from continuing operations to be between $1.85 and $1.95​.Qtrly ‍total revenues $2.51 billion versus $2.56 billion​.Q3 revenue view $2.55 billion -- Thomson Reuters I/B/E/S.Have an active schedule that will include opening of approximately 10 additional EchoPark locations by end of 2018​.See retail activity in Houston market in Q4 to continue to be favorable as those affected by hurricane replace, repair vehicles​.FY2017 earnings per share view $1.87 -- Thomson Reuters I/B/E/S.

Pendragon says ‍for year to date revenue is up 6.7 pct

Monday, 23 Oct 2017 02:00am EDT

Oct 23 (Reuters) - Pendragon Plc ::PENDRAGON PLC - ‍REMAIN COMMITTED TO OUR STRATEGIC GOAL TO DOUBLE USED CAR REVENUE OVER FIVE YEARS TO 2021​.PENDRAGON PLC - ‍WE WILL BE SEEKING TO MAKE A SENIOR APPOINTMENT TO LEAD ALL ASPECTS OF OUR UK USED CAR OPERATIONS​.PENDRAGON PLC - ‍ARE CONDUCTING A STRATEGIC REVIEW OF PREMIUM BRANDS, TO EVALUATE BY MANUFACTURER INVESTMENT APPEAL OF THEIR FRANCHISE PROPOSITION​.PENDRAGON PLC - ‍WILL REVIEW CAPITAL REQUIREMENTS BY MANUFACTURER AND ONLY ALLOCATE CAPITAL WHERE WE SEE STRONG FUTURE PROSPECTS FOR RELIABLE RETURNS​.PENDRAGON PLC - ‍CONCLUSION OF STRATEGIC REVIEW OF US MOTOR GROUP HAS DETERMINED THAT THERE WILL BE NO FURTHER ACQUISITIONS IN USA​.PENDRAGON - ‍CONSIDERS WOULD BE APPROPRIATE IN LIGHT OF OUR CAPITAL ALLOCATION PRIORITIES TO ASSESS ONGOING VALUE OF US MOTOR BUSINESS TO GROUP.PENDRAGON PLC - ‍ANTICIPATE THAT OUR FULL YEAR UNDERLYING PROFIT BEFORE TAX WILL NOW BE APPROXIMATELY £60M​.PENDRAGON PLC - ‍ANTICIPATE RESUMPTION OF GROWTH IN PROFITS IN 2018​.PENDRAGON PLC - ‍FOR YEAR TO DATE OUR REVENUE HAS GROWN BY 6.7 PCT ON A LIKE FOR LIKE BASIS WITH USED REVENUE GROWTH OF 21.1 PCT​.PENDRAGON PLC - ‍FOR YEAR TO DATE OUR NEW GROSS PROFIT HAS REDUCED BY 10.2 PCT ON A LIKE FOR LIKE BASIS​.PENDRAGON PLC - ‍FOR YEAR TO DATE OUR USED GROSS PROFIT HAS INCREASED BY 2.1 PCT ON A LIKE FOR LIKE BASIS​.PENDRAGON PLC - ‍FOR YEAR TO DATE OUR AFTERSALES GROSS PROFIT HAS GROWN BY 3.0 PCT ON A LIKE FOR LIKE BASIS​.

Carmax reports Q2 earnings per share of $0.98

Friday, 22 Sep 2017 07:35am EDT

Sept 22 (Reuters) - Carmax Inc :Carmax reports second quarter results.Q2 earnings per share $0.98.Q2 earnings per share view $0.95 -- Thomson Reuters I/B/E/S.Q2 revenue $4.39 billion versus I/B/E/S view $4.25 billion.Carmax Inc - qtrly ‍total used unit sales rose 11.1%​.Carmax Inc qtrly used unit sales in comparable stores increased 5.3%.Carmax Inc - qtrly ‍total wholesale unit sales increased 0.4%​.Carmax-‍in connection with Hurricane Harvey, six stores in Houston were closed most of last week of this year's Q2.Carmax says store closures ‍in connection with Hurricane Harvey had "modest adverse effect" on comparable store used unit sales​ in Q2.

Super Retail to convert its network of Amart Sports stores into new Rebel stores

Monday, 24 Jul 2017 06:24pm EDT

July 25 (Reuters) - Super Retail Group Ltd ::Company has made decision to convert its network of amart sports stores into new Rebel stores by 31 October 2017.Co will expand rebel brand's national footprint to almost 160 stores and that Amart sports brand will be discontinued from 1 November.Confirms that it expects to report group segment EBIT at upper end of previous guidance of 16 to 18 per cent above prior comparative period.One-Off after tax cash transformation costs of $3 million are expected in 2018 financial year.Capital investment in fitting out converted stores will be about $9 million..Amart Sports' store team members will be redeployed and transferred directly to newly converted Rebel stores.Group is expecting minimal impact on team members.

Dah Chong Hong announces acquisition of Mercedes-Benz and Audi dealership companies

Friday, 21 Jul 2017 12:05am EDT

July 21 (Reuters) - Dah Chong Hong Holdings Ltd <1828.HK>:Unit and Ciji Holding Group entered into the MB SPA.Deal at a consideration for MB SPA is in the amount of rmb807.7 million.Kunming Dah Chong Hong Management and Consulting Limited and the Audi sellers enter the Audi Spa.Pursuant to MB SPA, MB seller agreed to sell MB Target Equity.Audi sellers are Gong Jianquan And Shi Xuequan.Unit conditionally agreed to purchase and audi sellers conditionally agreed to sell audi target equity for consideration of of rmb113.1 million.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary