Technical Analysis on CarMax Inc. and AutoNation Inc. - Strong

Technical Analysis on CarMax Inc. and AutoNation Inc. - Strong Sales
for Auto Dealerships 
NEW YORK, NY -- (Marketwire) -- 11/12/12 --   Auto dealerships, such
as CarMax Inc. and AutoNation Inc., faced challenging times during
recession lows as consumers put off purchasing big ticket items for
brighter times. It seems that those times may have arrived. So far in
2012, with around 12 million units, auto sales are up 13.8 percent
compared to last year. Pent up demand, a record average age of cars
on the road and low interest rates are helping to boost sales, which
reached 1,090,000 vehicles in October, up 6.8 percent year-over-year. has initiated technical analysis on CarMax Inc. (NYSE:
KMX) and AutoNation Inc. (NYSE: AN) which serves the Auto Dealerships
industry. These reports are free upon registration at enthuses to bring the best from the internet under
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Although third quarter financial results show vehicle sales
improvements, some hurdles remain. A number of industry players
reported dips in revenues per vehicle and competition remains
extremely intense with thousands of independent dealers and private
individuals in the business. Our technical analysis on AutoNation can
be accessed at  
Moreover, companies with a focus on used car sales have found their
margins under pressure lately as manufacturers offer incentives and
attractive pricing on new cars, thus reducing the appeal of used cars
without lower prices. While challenges remain, the industry currently
looks well positioned to finish 2012 on a high note. Read our
technical analysis on CarMax by clicking on  
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