Good News for Automakers?
Today, analysts Brendan Byrnes and Austin Smith discuss some positive signs from automakers. For instance, AutoNation's earnings jumped 30% year over year, and sales of new cars and trucks rose 44%. Some of these great numbers come from Japanese automakers recovering from the tsunami more than a year ago, but the signs look good for domestic auto manufacturers as well.
Ford in particular has been performing incredibly well as a company over the past few years -- it's making good vehicles, is consistently profitable, recently reinstated its dividend, and has done a remarkable job paying down its . But Ford's stock price is down more than 20% over the past year. Does this create an incredible buying opportunity, or are there hidden risks with the stock that investors need to know about? To answer that, one of our top equity analysts has compiled a premium research report with in-depth analysis on right now, and why. Simply to get instant access to this premium report.
The article Good News for Automakers? originally appeared on Fool.com.Austin Smith owns shares of Ford. Brendan Byrnes owns shares of Ford and General Motors. The Motley Fool owns shares of Ford. Motley Fool newsletter services recommend Ford and General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.