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The Zacks Analyst Blog Highlights: AutoNation, Ford Motor, Toyota Motor, Honda Motor and Companhia Energetica de Minas Gerais



The Zacks Analyst Blog Highlights: AutoNation, Ford Motor, Toyota Motor, Honda
                Motor and Companhia Energetica de Minas Gerais

PR Newswire

CHICAGO, July 11, 2013

CHICAGO, July 11, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include AutoNation Inc. (NYSE:AN-Free
Report), Ford Motor Co. (NYSE:F-Free Report), Toyota Motor Corp. (NYSE:TM-Free
Report), Honda Motor Co. (NYSE:HMC-Free Report) and Companhia Energetica de
Minas Gerais (NYSE:CIG-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

Here are highlights from Wednesday's Analyst Blog:

AutoNation's June Sales Climb 10%

Automotive retailer AutoNation Inc. (NYSE:AN-Free Report) posted a 10%
year-over-year increase in retail new vehicle sales to 25,162 units in June.
The rise was attributable to strong sales in the Domestic segment.

On same-store basis, retail new vehicle sales went up 5% to 24,107 units. June
had 26 selling days this year versus 27 selling days last year.

Sales in the Domestic segment increased 15% to 8,130 vehicles. The segment
comprises retail automotive franchises that sell vehicles manufactured by Ford
Motor Co. (NYSE:F-Free Report), Chrysler and others.

Sales in the Import segment went up 8% to 12,460 vehicles. The segment covers
retail automotive franchises that sell vehicles manufactured by Toyota Motor
Corp. (NYSE:TM-Free Report), Honda Motor Co. (NYSE:HMC-Free Report) and
others.

Sales in the Premium Luxury segment rose 8% to 4,572 vehicles during the
month. The segment consists of retail automotive franchises selling vehicles
manufactured by Mercedes Benz, BMW, Lexus and others.

AutoNation recorded a 10% increase in new vehicle sales to 22,515 units in Apr
and 11% growth to 26,372 units in May. The company registered nearly 10%
increase in new vehicle sales to 74,049 units in the second quarter of 2013.
Domestic segment sales improved 16%. Import segment sales rose 7% and Premium
Luxury segment sales climbed 10% in the quarter.

Auto sales in the U.S. grew 9.2% to 1.40 million units in June, translating
into a 13.2% year-over-year rise to a seasonally adjusted annual rate (SAAR)
of 15.96 million units, the fastest since Dec 2007. The year-over-year
improvement was attributable to the growing popularity of pickups among buyers
together with improvements in housing, construction and energy sectors.

In addition, strong pent-up demand, launch of new models, lower interest on
auto loans and a resilient economy leading to higher consumer confidence had
favorable impacts on the results.

Based in Fort Lauderdale, Fla, AutoNation is the largest automotive retailer
in the U.S. The company owns and operates about 266 new vehicle franchises
that sell 32 brands located in the major metropolitan markets across 15
states.

AutoNation posted a 21.4% rise in earnings per share to 68 cents in the first
quarter of 2013 from 56 cents in the same quarter of 2012, topping the Zacks
Consensus Estimate by 5 cents.

Revenues increased 10.8% to $4.1 billion, slightly ahead of the Zacks
Consensus Estimate of $4.0 billion. The revenue growth was mainly attributable
to strong new vehicle sales during the quarter. The company retains a Zacks
Rank #2 (Buy).
 

Cemig to Reward Shareholders

Companhia Energetica de Minas Gerais (NYSE:CIG-Free Report), also known as
Cemig, recently announced the dates for the payment of the second installment
of dividend for the year 2012.

The total disbursement, amounting to R$609.1 million, will be made in two
tranches and will be completed by Dec 2013. Firstly, Cemig will pay roughly
R$250 million (or R$0.293201967) to shareholders on Jul 18 while the remaining
amount of R$359.1 million will be distributed by the year end 2013.

For shares, holders of record as on Apr 30, 2013 will be considered eligible
for dividend distribution while for ADRs, holders of record as on May 6 will
be entitled.

The above distribution was approved at Cemig's Ordinary and Extraordinary
General Meetings of Stockholders held on Apr 30, 2013. The first installment
of the dividend, roughly R$609.1 million, for 2012 was paid on Jun 27, 2013.
Additionally, the company also paid interest on equity of R$164 million or
R$0.192340491 per share.

Regarding dividends, CEMIG will disburse roughly R$609.1 million (or R$
0.714302738 per share) to shareholders of record as on Apr 30, 2013 and ADR
holders of record as on May 6, 2013.

If we look into CEMIG's first-quarter 2013 financial results, we find that the
company paid approximately R$1.9 billion as interest on equity and dividends.

CEMIG is one of the largest integrated electric utilities in Brazil with
approximately 97% of the company's installed generation capacity being
hydroelectric power.

The Zacks Consensus Estimate for 2013 and 2014 is pegged at $1.45 per ADR and
$1.33 per ADR, respectively. These represent a year-over-year decline of 40.8%
for 2013 and 8.1% for 2014.

CEMIG currently has a Zacks Rank #4 (Sell).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

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