CarMax Q4 net income falls 27% to $50M; revenue slips 1.7%
The company sold 172,057 retail used vehicles in its fiscal fourth quarter, up 1.3 percent from the year-earlier period. Same-store used-vehicle sales rose 0.1 percent......»»
Tomorrow’s AAPL Q2 earnings likely to be $5B down
AAPL Q2 earnings are set to be announced tomorrow, and the company had already warned that we should expect a year-on-year revenue drop of around $5B. Analysts expect the same thing, and the outlook for Q3 isn’t expected to be any better, so in.....»»
Credit Acceptance Q1 net income down 35%; loan volume grows
Credit Acceptance Corp. Q1 2024 earnings: Net income fell 35 percent year over year during the first quarter as the major national car loan company grew its loan portfolio but had higher expenses......»»
6 public auto dealership groups challenged by inflation, lower profit per vehicle
Asbury, AutoNation, Group 1, Lithia, Penske and Sonic continue turning to acquisitions or growing service and parts operations for new revenue sources......»»
Lear"s Q1 net income falls as auto supplier goes full bore into automation
Lear Corp. reached a revenue record in the first quarter but saw net income drop 24% as it navigates operational and restructuring challenges related to lower volumes......»»
Stellantis revenue falls 12% in Q1; North American shipments slip 20% amid transition to new models
Stellantis has been reducing inventories "to reinforce our strong relative pricing ahead of our new or mid-cycle product launches this year in key regions," said CFO Natalie Knight......»»
Stellantis revenue falls 12% in Q1 on lower shipments amid transition to new models
Stellantis has been reducing inventories "to reinforce our strong relative pricing ahead of our new or mid-cycle product launches this year in key regions," said CFO Natalie Knight......»»
Stellantis revenue falls 12% in Q1on lower shipments amid transition to new models
Stellantis has been reducing inventories "to reinforce our strong relative pricing ahead of our new or mid-cycle product launches this year in key regions," said CFO Natalie Knight......»»
Penske Automotive Q1 net income falls 28%
Penske Automotive Group Inc.'s first-quarter retail automotive service and parts revenue grew 9 percent to a quarterly record of $746 million......»»
HP Omen 40L desktop review: missing what counts the most
HP has the pricing and specs nailed with the Omen 40L, but it falls short of expectations when it comes to performance......»»
Mirror supplier Gentex"s Q1 net income rises 11% to $108 million, revenue reaches record $590 million
CEO Steve Downing credited the strong first quarter with increased take rates of mirrors with advanced features and technology......»»
AutoNation Q1 net income falls 34%; company to buy back $1 billion in stock
The dealership group saw continued revenue gains in financial services and service and parts revenue......»»
Quality woes hurt Ford earnings as GM outlook improves
Ford CEO Jim Farley said the company avoided about 12 recalls on its flagship F-150 by performing extra quality checks, but one Wall Street firm estimates the delay cost $3 billion in revenue......»»
Drinking water in low-income communities is more likely to be contaminated by "forever chemicals," research finds
PFAS, or forever chemicals, are widespread and more likely to be found in public water systems serving low-income communities and communities of color in New Jersey, according to new research from Northeastern University......»»
Pretax charges drop Sonic Automotive"s Q1 net income
The company said $7 million in pretax charges contributed to a 12 percent dip in first-quarter net income......»»
Mobileye quarterly loss widens, revenue plunges as chip orders decline
Mobileye Global reported a sharp fall in first-quarter revenue on Thursday, hurt by fewer orders for its driver-assistance chips as clients rein in spending amid an uncertain economy and excess inventory. .....»»
Asbury Q1 net income slips 19%; $4.2 billion in revenue sets record
Asbury Automotive Group produced $147.1 million in net income during the first quarter, down 19 percent from a year earlier as falling profit margins offset rising vehicle sales and revenue......»»
Hyundai doubles down on hybrids after Q1 profit slips 2.4%
After posting a 2.4 percent drop in quarterly profit, Hyundai said it will continue to expand its electrified model lineups globally by introducing more hybrids and new Ioniq models......»»
Lithia Q1 net income down 28% as "normalization" returns to profit per vehicle
Lithia Motors said it sold 188,119 new and used vehicles, with gross profit per vehicle dropping 22% to $4,346 in the first quarter......»»
Group 1 net income falls nearly 7% in Q1 as company ramps up acquisitions
Group 1's net income fell, while revenue and new- and used-vehicle sales grew......»»
Ford Q1 net income falls 24% to $1.3 billion; revenue rises despite lower production
Ford cited a strong performance from its commercial vehicle unit, which earned $3 billion before interest and taxes, as the reason revenue increased while shipments declined.....»»