|Last Price$62.60||Day Change (%)1.79%|
|Open Price$61.68||Day Change ($)1.10|
|Day Range61.66–62.76||52-Week Range46.16–64.95|
As of Mon 3/2/2015 5:32:00 PM | USD
U.S. Auto Sales Up at Double-Digit Rate in January--4th Update
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UPDATE: 10 things car dealers won't tell you
UPDATE: 10 things car dealers won't tell you -2-
Buffett will increase the competition for acquisitions, but there are still plenty of opportunities for the publicly traded dealers in this fragmented market, writes Morningstar’s David Whiston.
As credit spreads have tightened on a nearly continuous trend over the past year, they are becoming richly valued relative to their historical average.
The dealers are the only auto sector we cover in which all firms enjoy an economic moat.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.