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Thursday, September 25, 2014

Auto-Related Stocks Hit Skids As Earnings Disappoint



Investor's Business Daily - Investing RSS http://ift.tt/1rwEfGZ Publicly traded auto dealerships have been on a roll for many months, but they've hit a pothole in recent weeks and may be running out of gas. The latest breakdown was CarMax (KMX), which dropped more than 9% in huge volume Tuesday after reporting disappointing earnings. Analysts said the company was hurt by tighter lending standards. The stock has dropped further since and now trades below its 200-day moving average. The company said the


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