|Last Price$88.50||Day Change (%)2.04%|
|Open Price$85.82||Day Change ($)1.77|
|Day Range85.25–88.60||52-Week Range68.70–126.56|
As of Fri 10/21/2016 6:05:00 PM | USD
The dealers are the only auto sector we cover in which all firms enjoy an economic moat.
Glenmede manager Chris Colarik sees growth ideas in the auto and aerospace industries, while calming political headwinds could make way for the tech sector, as well.
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 their fundamentals improve, public auto dealers and wide-moat Mexican airport operators are worth keeping on your radar.
Wear, tear, and competition will drive a comeback in this sector.