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PH automakers’ group enjoy sustained sales uptrend in July

While the local automotive industry has yet to fully rebound from the huge slump caused by the turnout of events earlier this year, a major local carmaker’s group has opened the third quarter on a significantly positive note.

Based on the joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA), vehicles sales for July reached 20,542, representing a 31.9 percent jump over the 15,578 units sold back in June.

However, it is still down by 35.4 percent when compared to the 31,810 units delivered in the same month last year.

On a year-to-date comparison, the group only rolled out 105,583 units—which is a 48.7 percent drop from the 205,945 units attained for the first seven months of 2019.

Motorcycle EDSA
Motorcycle EDSA

Despite all the negative numbers, CAMPI President Atty. Rommel Gutierrez expressed high hopes with the recent sales achievement

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Is Asbury Automotive Group (ABG) Stock Undervalued Right Now?

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the “Value” category. When paired with a high Zacks Rank, “A” grades in the Value category

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Should You Think About Buying Penske Automotive Group, Inc. (NYSE:PAG) Now?

While Penske Automotive Group, Inc. (NYSE:PAG) might not be the most widely known stock at the moment, it led the NYSE gainers with a relatively large price hike in the past couple of weeks. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Let’s take a look at Penske Automotive Group’s outlook and value based on the most recent financial data to see if the opportunity still exists.

Check out our latest analysis for Penske Automotive Group

What is Penske Automotive Group worth?

Great news for investors – Penske Automotive Group is still trading at a fairly cheap price according to my price multiple model, where I compare the company’s price-to-earnings ratio to the industry average. I’ve used the price-to-earnings ratio in this instance because

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Why Asbury Automotive Group (ABG) Stock Might be a Great Pick

One stock that might be an intriguing choice for investors right now is Asbury Automotive Group, Inc. ABG. This is because this security in the Automotive – Retail and Whole Sales space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Automotive – Retail and Whole Sales space as it currently has a Zacks Industry Rank of 2 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Asbury Automotive Group is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision

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