Ford Motor Co.
) F-150 pick-up truck emerged as the most searched vehicle in the
top ten searched vehicles in the U.S., published by
) in its website. The full-size pick up Ford F-150 is the most
popular brand under F-Series. The first F-Series truck was
introduced in 1948 and is one of the best selling vehicles in the
Sales volume of Ford Series trucks increased 17.9% year over year
to 56,299 units in November last year. This lead to an increase
for 16th consecutive month in this brand, making it the best
selling vehicle since November 2005. In the first eleven months
of 2012, F-Series sales increased 11.6% to 576,529 units.
Among the top ten searched vehicles, Chevrolet Camaro occupied
the tenth position for the first time since its reintroduction in
2009. The other vehicles featured in the top ten lists are Ford
Mustang, Jeep Wrangler, Honda Accord, Honda Civic, Toyota Camry,
Chevrolet Tahoe, Nissan Altima and Toyota Tacoma.
The CarMax website helps the customer to find the most suitable
vehicle. The company has taken initiative to help customers
search for an appropriate vehicle while sitting back home. Even
the customers can shop for different inventories online and can
also use mobile site m.carmax.com.
Vehicles ordered can be delivered from anywhere in the U.S. to
the nearest CarMax location. Some of the shipments are even made
for free under the arrangement.
FORD MOTOR CO (F): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis
CARMAX GP (CC) (KMX): Free Stock Analysis
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Michigan-based Ford is one of the largest automobile producers in
the world. The company operates in two segments: Automotive and
Financial services. Although the company's primary selling ground
is the U.S.; Europe, South America and the Asia-Pacific
constitute its other major markets.
Ford posted a 17.6% rise in earnings per share to 40 cents in the
third quarter of the year from 34 cents a year ago, driven by
impressive results in its North American operation and, to some
extent, its Asian operation. With this, the company has also
surpassed the Zacks Consensus Estimate by 10 cents per share.
Total profit rose 15.6% to $1.6 billion from $1.4 billion a year
However, total revenue in the quarter slid 3.0% to $32.1 billion
due to lower revenues in South America, Europe and Financial
Services operations that offset the marginal improvement in
revenues in North America and Asia. However, revenues were higher
than the Zacks Consensus Estimate of $31.0 billion for the
Ford, whose cross-town rivals include
General Motors Company
), maintains a Zacks #3 Rank, which translates into a short-term
(1 to 3 months) Hold rating. We have a long-term Neutral
recommendation on the stock.