AutoNation, Inc. : Before the Bell Scans of CarMax, Copart, O'Reilly Automotive, Advance Auto Parts, and AutoNation
03/07/2013| 08:05am US/Eastern
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LONDON, March 7, 2013 /PRNewswire/ --
Markets continued their ascent and scored another positive day yesterday despite
Dallas Fed President Richard Fisher claiming that the U.S. economy is in a neutral mode.
The auto ancillary sector shared the bullish sentiments of the broad market and the shares
showed good growth on Wednesday. The Dow Jones ended its latest session at 14,296.24, up
0.30 percent while NASDAQ was down 0.05 percent to close at 3,222.37. Similarly, S&P also
closed on a bullish note at 1,541.46, up 0.11 percent. Our research team took a look at
the Auto Dealerships and Auto Parts Stores industries which include major companies like
CarMax Inc. (NYSE: KMX), Copart Inc. (NASDAQ: CPRT), O'Reilly Automotive Inc. (NASDAQ:
ORLY), Advanced Auto Parts Inc. (NYSE: AAP) and AutoNation Inc. (NYSE: AN). StockCall has
taken an interest in these companies and you can now sign up to download the free
technical research on KMX, CPRT, ORLY, AAP, and AN at
http://www.stockcall.com/registration
CarMax Inc. shares were up for its latest trading session, ending the day 1.02 percent
higher at $40.65. The stock fell to an intra-day low of $40.34, while its intra-day high
stood at $41.65. With the upward move, CarMax has gained more than 8 percent this year,
compared to a gain of 8.08 percent for the S&P 500. The company's shares have strong
support at around $40.00, as the stock shows a bullish trend. The stock is trading higher
than its 20-day and 50-day moving averages. Sign up today to read the free research report
on KMX at
http://www.StockCall.com/KMX030713.pdf
Copart Inc. traded in the range of $33.10 and $33.66 in Wednesday's trading session
and closed the day at $33.51, up 0.45 percent. The stock's 52 weeks range stands at $22.59
and $37.47. Copart has gained 33.45 percent of its value in the past 12 months, while it
climbed 13.59 percent so far this year. The company is in a bullish mode and may find its
first support level at $33.03. It is trading below its 20-day moving average of $35.02.
Register to download the free technical analysis on CPRT at
http://www.StockCall.com/CPRT030713.pdf
Shares of O'Reilly Automotive Inc. ended its previous trading session marginally down
at $103.44, 1.08 percent lower. The stock is up more than 15 percent this year,
outperforming the broad market. The stock has slipped from $104.78 resistance level. It
has support at around $102.34 at the moment. Despite its downward movement, O'Reilly
Automotive is still trading above its 6-day and 20-day moving averages. A free report on
ORLY can be accessed by registering at
http://www.StockCall.com/ORLY030713.pdf
Advanced Auto Parts Inc. traded in the range of $75.97 and $77.24 during yesterday's
trading session. It opened at $77.10 and closed at $76.18, down 1.00 percent. The stock is
currently in a neutral mode and has its first resistance level at $76.89. Upon breaching
this level, the company may go as high as $79.04. It traded 1.26 million shares and is
below its 20-day moving average price. Its first support level is at $75.63. So far in
2013, the stock has jumped up 5.29 percent. Register with StockCall and download the
research on AAP for free at
http://www.StockCall.com/AAP 030713.pdf
AutoNation Inc.'s stock finished 0.27 percent higher at $45.12, with volume up from a
daily average of 714,000 to 813,000 shares. The stock is up so far in 2013 with its
year-to-date gain at 13.65 percent. However, the stock currently shows a bullish trend
which is further confirmed by the stock's MACD chart. AutoNation has its first support
level at $44.78. In the coming trading sessions, the stock is likely to go as high as
$47.98. Read the full free research on AN by signing up to StockCall at
http://www.StockCall.com/AN030713.pdf
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SOURCE StockCall.com
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