Automotive

Monro Muffler Brake: Smooth ride on a bumpy road

The grim news on Wall Street is great news for Monro Muffler Brake (Nasdaq:MNRO). | Nasdaq: MNRO |Comment

Noble International up 83% on strong earnings

Shares of Noble International Ltd. (Nasdaq:NOBL) are up 83% after the company announced after-hours Wednesday that its second quarter net earnings and revenue were up significantly over the prior... | Nasdaq: NOBL |Comment

China Automotive Systems on fast track

China Automotive Systems, Inc., a top supplier of automotive steering systems and components to Chinese automakers and, to a lesser extent, the American market, is on the fast track. | Nasdaq: CAAS |Comment

Modine Manufacturing soars 20% on better-than-expected Q1 results

Shares of Modine Manufacturing Co. (NYSE:MOD) have jumped 20% in today’s trading after the company reported ahead of the opening first-quarter earnings that beat Wall Street estimates. | NYSE: MOD |Comment

American Axle falls 17% on analyst downgrade to ‘hold’

American Axle & Manufacturing Holdings Inc. (NYSE:AXL) is off 17% today after KeyBanc Capital Markets downgraded the auto parts manufacturer to “hold” from “buy.” | NYSE: AXL |Comment

American Axle slumps in pre-market on wider-than-expected Q2 loss

American Axle & Manufacturing Holdings Inc. (NYSE:AXL) is off 14% today after announcing a second quarter loss ahead of today’s opening. | NYSE: AXL |Comment

Monro Muffler Brake rises on better-than-expected Q1 earnings

Auto-repair retailer Monro Muffler Brake Inc. (Nasdaq:MNRO) is 17% higher today after reporting better-than-expected first-quarter earnings ahead of the opening. | Nasdaq: MNRO |Comment

America’s Car-Mart up 3% to 52-week high

America's Car-Mart Inc. (Nasdaq:CRMT) is up 3% today to a 52-week high as the cost of crude continues to drop. | Nasdaq: CRMT |Comment

Sonic Automotive skids 22% on lower 2008 earnings forecast

Sonic Automotive Inc. (NYSE:SAH) is off 22% today after the auto retailer announced after Monday’s close that 2008 full-year earnings per share would be lower than expected. | NYSE: SAH |Comment

American Axle skids 15% on plans to eliminate 400 salaried jobs

American Axle & Manufacturing Holdings Inc. (NYSE:AXL) is plunging 15% today after the company announced just after the opening bell it was offering early-retirement packages to salaried employees. | NYSE: AXL |Comment

Dana Holding rises 13% after J.P. Morgan initiates with ‘overweight’ rating

Dana Holding Corporation (NYSE:DAN) is trading more than 13% higher today after J.P. Morgan Securities initiated the global auto parts maker with an “overweight” rating. | NYSE: DAN |Comment

Value Find: Patrick Industries

Sizeable insider buying by a smart money hedge fund and a beaten-down stock price make Patrick Industries, Inc. (Nasdaq:PATK) a small-cap play worth putting on the radar. | Nasdaq: PATK |Comment

Winnebago drops 6%, falls to new low for year

Winnebago Industries Inc. (NYSE:WGO) is falling 6% today, hitting a new low for the year, as the motor home manufacturer continues to feel the pinch of high gas prices and low consumer spending. | NYSE: WGO |Comment

China Automotive Systems rises in pre-market on new parts contract

China Automotive Systems Inc. (Nasdaq:CAAS) shares are up in pre-market trading today after the China-based company announced it had signed a deal with Dongfeng Peugeot Citroen Automobile Company Ltd. | Nasdaq: CAAS |Comment

Avis Budget tumbles to multi-year low on weak outlook

Avis Budget Group Inc. (NYSE:CAR) fell to a more than 10-year low on Wednesday after the car rental company announced its second-quarter earnings and full-year outlook will be below 2007 results. | NYSE: CAR |Comment

Travelzoo loses 8%, hits 52-week low as rising gas prices curtail travelers

Travelzoo Inc. (Nasdaq:TZOO) shares were down 8% Tuesday as many of the Internet media company’s clients’ stocks dropped | Nasdaq: TZOO |Comment

Avis Budget Group tumbles to low for year

Avis Budget Group Inc. (NYSE:CAR) sank to a year low on Tuesday as U.S. automakers were expected to report weak auto sales for June. | NYSE: CAR |Comment

Dollar Thrifty drops 20% on news it will not meet 2008 earnings estimates

Dollar Thrifty Automotive Group Inc. (NYSE:DTG) said Tuesday it will not meet its previous full-year earnings estimates, news that pushed shares down 20%. | NYSE: DTG |Comment

LoJack sinks to year low on analyst rating

LoJack Corporation (Nasdaq:LOJN) fell to a low for the year on Monday after research firm Canaccord Adams initiated the stock with a “sell” rating. | Nasdaq: LOJN |Comment

America’s Car-Mart reaches new high for year, joins Russell 3000

America's Car-Mart, Inc. (Nasdaq:CRMT) jumped to a 52-week high Monday after it was announced the auto retailer had joined the Russell 3000 Index when it was reconstituted on June 27. | Nasdaq: CRMT |Comment

China Automotive Systems up on preliminary Q2 results

China Automotive Systems Inc. (Nasdaq:CAAS) rose 8% Monday after announcing its preliminary second-quarter earnings. | Nasdaq: CAAS |Comment

Tenneco hits three-year lows on downgrade

Tenneco, Inc. (NYSE:TEN) fell to a three-year low Thursday after being downgraded from “neutral” to “buy” by a Goldman Sachs analyst. | NYSE: TEN |Comment

American Axle continues decline on weak demand, possible job cuts

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) shares continued to drop Thursday on no fresh news although the car-part maker confirmed earlier in the week it is contemplating salaried job... | NYSE: AXL |Comment

America’s Car-Mart triples Q4 earnings, sends stock up 15%

America's Car-Mart, Inc. (Nasdaq:CRMT) announced Thursday it had tripled its fourth- quarter earnings, which sent its stock up more than 15%. | Nasdaq: CRMT |Comment

Pyramid Oil continues gains as crude rises

Pyramid Oil Co. (AMEX:PDO) continues to rise today as the price of crude oil edges higher with less than two weeks to go before the July 4th holiday weekend. | AMEX: PDO |Comment

Drew Industries CEO: 2008 a very challenging year

Drew Industries, Inc. (NYSE:DW) CEO Leigh Abrams said 2008 is turning out to be a “very challenging year” for the White Plains, N.Y.-based RV and manufactured homes maker. | NYSE: DW |Comment

CEO: Lower municipal spending is Federal Signal's biggest concern

Federal Signal Corp. (NYSE:FSS) interim president and CEO James Goodwin said the company is closer to finding a new CEO and is in advanced discussions to sell E-One, a maker of fire trucks and... | NYSE: FSS |Comment

CEO: Group 1 Automotive expects to close stores

Group 1 Automotive, Inc. (NYSE:GPI) CEO Earl Hesterberg said the auto retailer will close underperforming stores going forward. | NYSE: GPI |Comment

New Flyer Industries: Flying high

New Flyer Industries Inc. (TSE:NFI.UN), a maker of heavy-duty transit buses, stands to benefit off surging fuel prices. | TSE: NFI.UN |Comment

CEO: Monaco Coach to slash costs

Monaco Coach Corp. (NYSE:MNC) CEO Kay Toolson said that since the RV maker does not see a quick recovery in the RV market, the firm will be taking additional steps to cut costs and lower its... | NYSE: MNC |Comment

Shiloh Industries CEO: 2008 to be similar to last year

Shiloh Industries, Inc. (Nasdaq: SHLO) CEO Theodore Zampetis said the maker of steel blanks and metal parts for automakers expects that the second- and third-quarter results in its heavy-duty... SHLO |Comment

Harbin Electric sees growth in auto segment

Harbin Electric, Inc. (Nasdaq: HRBN) has several new products in development, including a specialty micro motor used for automobile back-seat folding. HRBN |Comment

Check on China: SORL Auto Parts

As the demand for commercial vehicles continues to grow, the fortunes of Sorl Auto Parts, Inc. (Nasdaq: SORL), China’s largest manufacturer of commercial vehicle air brake systems, stand to follow. SORL |1 Comment

Monro Muffler Brake CEO "cautious" about FY08

Monro Muffler Brake, Inc. (Nasdaq: MNRO) CEO Robert Gross said the company will be pushing its sales programs hard during the spring, “which is traditionally a high sales season.” Gross made... MNRO |Comment

Force Protection's sub scores $74M contract

Ballistics armored vehicles maker Force Protection, Inc. (Nasdaq: FRPT) said this morning that it received a $74.13 million contract for integrated logistics support on its Cougar MRAP Category I... FRPT |Comment

Arctic Cat lowers outlook for Q3 on lackluster ATV sales

Arctic Cat Inc. (Nasdaq: ACAT) this morning said it is lowering its sales and earnings outlook for its fiscal 2008 third quarter on account of lower-than-anticipated sales of all-terrain vehicles. ACAT |Comment

Wonder Auto Technology climbs to 52-week high on analyst upgrade

Wonder Auto Technology, Inc. (Nasdaq: WATG) shot to a 52-week high after investment bank Brean Murray reiterated a “buy” rating on the China-based maker of electrical auto parts. The investment... WATG |Comment

Force Protection rises on vehicle production news

Force Protection, Inc. (Nasdaq: FRPT) shares are rising after the maker of armored vehicles announced that its joint venture with General Dynamics Land Systems (NYSE: GD) broke monthly vehicle... GD |Comment

Federal-Mogul emerges from Chapter 11

Federal-Mogul Corp. (OTC: FDMLQ) reported that it emerged from Chapter 11 on Dec. 27. The auto parts manufacturer issued 49.9 million shares of its Class A common stock and 50.1 million shares of... FDMLQ |Comment

Ituran Location and Control to repurchase shares

Ituran Location and Control Ltd. (Nasdaq: ITRN), provider of stolen vehicle recovery and tracking services, said today that it will repurchase up to $9 million in shares. ITRN |Comment

Force Protection climbs on CEO announcement

In a message posted to Force Protection, Inc.’s (Nasdaq: FRPT) website that was intended to “dispel unfounded rumors,” CEO Gordon Mcgilton said the maker of armored vehicles current cash... FRPT |Comment

CSK Auto plunges on credit agreement news, analyst downgrade

CSK Auto Corp. (NYSE: CAO) shares are plummeting after the auto parts retailer disclosed in a regulatory filing that it is seeking an amendment to its credit agreement in order to minimize the... CAO |Comment

Force Protection plunges on possible Army cut and "sell" rating

Force Protection, Inc. (Nasdaq: FRPT) shares are plummeting after investment bank Stanford Group initiated coverage on the maker of armored vehicles with a “sell” rating and a $5 target. FRPT |Comment

China Automotive Systems announces U.S. contract

China Automotive Systems, Inc. (Nasdaq: CAAS) announced a contract with automotive parts supplier R&B, Inc. The contract is China Automotive Systems’ first aftermarket supply contract in the... CAAS |Comment

Fleetwood Enterprises jumps as Q2 loss narrows

Shares of Fleetwood Enterprises, Inc. (Nasdaq: FLE) are accelerating on news before the start of trading that the maker of recreational vehicles and manufactured housing narrowed its loss in the... FLE |Comment

America's Car-Mart gains, swings to Q2 profit

Shares of America’s Car-Mart, Inc. (Nasdaq: CRMT) are driving in the fast lane on news before the start of trading that the automotive retailer swung to a fiscal second-quarter profit. CRMT |Comment

Hayes Lemmerz International to liquidate brake component facilities

Shares of Hayes Lemmerz International, Inc. (Nasdaq: HAYZ) are edging up in pre-market trading today after the global supplier of automotive and commercial highway wheels said that it will sell its... HAYZ |Comment

Monaco Coach Corp. lowers outlook, swings to profit in Q3

Shares of Monaco Coach Corp. (NYSE: MNC) are taking a dive today after the manufacturer of recreational vehicles’ lowered its outlook, overshadowing positive news that it swung to a profit in the... MNC |Comment

LoJack beats Q3 profit estimates

LoJack Corp. (Nasdaq: LOJN) shares are up after the Westwood, Mass.-based company reported third-quarter net income of $6.5 million, or $0.34 per share, above analyst estimates of $0.27 per share... LOJN |Comment

Asbury Automotive Group misses analyst Q3 estimates

Asbury Automotive Group, Inc. (NYSE: ABG) shares are down after the vehicle retailer reported third-quarter income of $19 million, or $0.57 per share, below analyst estimates of $0.63 per share and... ABG |Comment

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