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4-Traders Homepage  >  Equities  >  Nyse  >  Rite Aid Corporation    RAD

RITE AID CORPORATION (RAD)
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Today's Research Reports on Stocks to Watch: Rite Aid and CarMax

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06/25/2018 | 02:08pm CEST

NEW YORK, NY / ACCESSWIRE / June 25, 2018 / Rite Aid saw slight gains on high volume in Friday's trading session after announcing a special shareholder meeting for August that will vote on the proposed merger with Albertsons. Shares of CarMax also blew up in the session after announcing impressive first quarter results that beat on both the top and the bottom line.

RDI Initiates Coverage on:

Rite Aid Corporation
https://www.rdinvesting.com/report/?ticker=RAD

CarMax, Inc.
https://www.rdinvesting.com/report/?ticker=KMX

Rite Aid Corporation shares closed in the green up 2.54% on colossal trading volume compared to usual on Friday. The drugstore chain traded a little over 104 million shares compared to an average trading volume of just under 12.8 million shares. The company announced a meeting date of August 9, 2018, for a special meeting of stockholders of record as of June 22, 2018 to, among other things, consider and vote on the proposed merger with Albertsons. The special meeting of stockholders will take place at 8:30 a.m. Eastern Time in New York City. It was back in February that Albertsons and Rite Aid announced that Albertsons will buy the approximately 2,500 Rite Aid stores that rival drugstore chain Walgreens Boots Alliance Inc. is not buying from Rite Aid. The company will also be releasing first quarter financial results for its Fiscal 2019, ended June 2, 2018, on Wednesday, June 27, 2018.

Access RDI's Rite Aid Corporation Research Report at:
https://www.rdinvesting.com/report/?ticker=RAD

CarMax, Inc. shares closed up 12.86% with nearly 13 million shares traded this past Friday. The largest used-car retailer in the U.S. and a Fortune 500 company, saw its shares hit a new high of $81.67 after reporting first quarter earnings. Earnings per share was $1.33 for the period with revenue hitting $4.79 billion. Both figures beat what analysts had been expecting. President and CEO William D. Nash stated during the earnings call, "Our used unit comps for the first quarter were negative 2.3% against another tough year-over-year comparison. The comps were driven by lower traffic and better conversion and represented a significant improvement from the previous quarter. Total used units grew by 1.6%. While used vehicle valuations were still higher than in last year's first quarter, the year-over-year change in our mix-adjusted vehicle acquisition cost was more favorable in the first quarter than in the fourth quarter. Industry data indicates some signs of recovery in the used vehicle marketplace since the slowdown at the end of last year. These signs include improving supply at auction and more normalized depreciation." He also added, "Our website traffic grew in Q1 by 16%, similar to the previous quarter, again due to website and SCO enhancements."

Access RDI's CarMax, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=KMX

Our Actionable Research on Rite Aid Corporation (NYSE: RAD) and CarMax, Inc. (NYSE: KMX) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com

Stocks mentioned in the article
ChangeLast1st jan.
CARMAX -4.50% 76.53 Delayed Quote.25.04%
RITE AID CORPORATION 3.47% 2.09 Delayed Quote.2.54%

© Accesswire 2018
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Latest news on RITE AID CORPORATION
02:08pTODAY'S RESEARCH REPORTS ON STOCKS T : Rite Aid and CarMax
AC
06/23RITE AID : Gunman demands drugs from Rite Aid in Harrison Twp.
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06/21RITE AID CORP : Other Events, Financial Statements and Exhibits (form 8-K)
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06/21RITE AID : Schedules Special Stockholder Meeting for August 9, 2018 to Vote on t..
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06/21RITE AID : Florence Boulevard Rite Aid closes
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06/19HEALTH DIALOG : Joins Clinical, Business and Government Leaders to Discuss Best ..
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06/18RITE AID : to Release First Quarter Results on June 27
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06/17RITE AID : Car crashes into Rite Aid
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06/15FOLLOW-UP OPEN LETTER TO RITE AID CO : Contact: Chris Komatinsky Individual Sha..
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06/15WAL MART STORES : Columbia County seeks financial transaction card fraud suspect
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06/12Will The Rite Aid - Albertsons Merger Fall Apart? 
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Financials ($)
Sales 2019 21 645 M
EBIT 2019 208 M
Net income 2019 -36,9 M
Debt 2019 2 221 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 26,93
EV / Sales 2019 0,20x
EV / Sales 2020 0,19x
Capitalization 2 156 M
Chart RITE AID CORPORATION
Duration : Period :
Rite Aid Corporation Technical Analysis Chart | RAD | US7677541044 | 4-Traders
Technical analysis trends RITE AID CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 2,00 $
Spread / Average Target -0,99%
EPS Revisions
Managers
NameTitle
John T. Standley Chairman & Chief Executive Officer
Kermit R. Crawford President & Chief Operating Officer
Darren W. Karst Chief Financial & Administrative Officer, SEVP
Steve Rempel Chief Information Officer & Senior Vice President
Joseph B. Anderson Independent Director
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PETMED EXPRESS INC0.59%943