Q2 Results, New Store, Milestones, Improved Apps and Updated Credit Facilities - Research Report on Magna International, AutoNation, Advance Auto Parts, KAR Auction Services, and Asbury Automotive

NEW YORK, August 15, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Investors' Reports announced new research reports highlighting Magna International, Inc. (NYSE: MGA), AutoNation Inc. (NYSE: AN), Advance Auto Parts Inc. (NYSE: AAP), KAR Auction Services, Inc. (NYSE: KAR), and Asbury Automotive Group, Inc. (NYSE: ABG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Magna International, Inc. Research Report

On August 9, 2013, Magna International, Inc. (Magna) announced Q2 2013 and H1 2013 results. During Q2 2013, Magna's sales increased 16.0% YoY to a record $9.0 billion. Complete vehicle assembly sales for the quarter went up 23.4% YoY to $796 million and complete vehicle assembly volumes went up 17% to an estimated 39,000 units, in Q2 2013. During H1 2013, the Company's sales increased 12.5% YoY to a record of $17.3 billion and vehicle production went up 4.0% YoY to 8.3 million units in North America and went down 5.2% YoY to 9.8 million units in Europe. For full-year 2013, the Company expects total sales to be within $33.3 billion to $34.7 billion, and complete vehicle assembly sales to range between $2.8 billion and $3.1 billion. Magna also informed that its Board of Directors have approved a dividend for Q2 2013 of $0.32 to its outstanding Common Shares, which is payable on September 16, 2013 to shareholders of record as on August 30, 2013.  The Full Research Report on Magna International, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-13/MGA]

AutoNation Inc. Research Report

On August 2, 2013, AutoNation Inc. (AutoNation) reported that its total retail new vehicle unit sales in July 2013 increased 17% YoY to 25,403 units. Same-store retail new vehicle unit sales in July 2013 went up by 12% YoY to 24,195 vehicles. According to AutoNation, total retail new vehicle unit sales for AutoNation's operating segments were as follows: 7,950 units for Domestic, up 23% YoY; 13,066 units for Import, up 14% YoY and 4,387 units for Premium Luxury, up 19% YoY. Mike Jackson, AutoNation's Chairman and CEO, commented, "What makes this accomplishment even more remarkable is how quickly we've achieved it. It's a real testament to our business philosophy and our coast-to-coast team of over 21,000 associates who have the talent and tenacity to accomplish amazing things." The Full Research Report on AutoNation Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-13/AN]

Advance Auto Parts Inc. Research Report

On August 9, 2013, Advance Auto Parts Inc. (Advance Auto) announced the opening of its 4,000th store in Montgomery, New York. Advance Auto informed that since 1995, it has launched more than 3,000 stores to its operational network via new openings and strategic acquisitions. According to the Company, the newly opened store in the Northeast, is located at an important geographic growth area for Advance Auto and is a part of the Company's strategy to expand its footprint. Darren Jackson, CEO, commented, "As we celebrate our 4,000th store opening, I would like to thank Advance's more than 54,000 Team Members for their hard work and contributions to our success. Our company is continuing to grow, continuing to serve and furthering our commitment to grow our business with integrity and serve our customers better than anyone." The Full Research Report on Advance Auto Parts Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-13/AAP]

KAR Auction Services, Inc. Research Report

On August 12, 2013, KAR Auction Services, Inc. (KAR) announced that its wholly-owned subsidiary, Insurance Auto Auctions, Inc. (IAA) - a leading live and live-online salvage auto auction company, has optimized its premier IAA Buyer App for the iPad. According to KAR, the IAA Buyer App for the iPad gives buyers better connectivity and provides easier interface, creating a more user-friendly buying experience. Tom O'Brien, CEO of IAA commented, "IAA continues to invest in its technology infrastructure to ensure our customers' have access to leading mobile solutions that anticipate their buying needs. The launch of the IAA Buyer App for the iPad signals the next big enhancement for mobile users who are looking to achieve more on the go. Providing a native application specifically designed for the iPad allows us to create a more exceptional experience for our buyers across the world." The Full Research Report on KAR Auction Services, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-13/KAR]

Asbury Automotive Group, Inc. Research Report

On August 8, 2013, Asbury Automotive Group, Inc. (Asbury) reported that its five-year syndicated senior credit facility has been modified and restated. According to Asbury, post modification, the new vehicle inventory floor plan facility has increased by $200 million, taking the total size of the credit facility to $1.1 billion, while the maturity of the facility was extended from October 2016 to August 2018. The Company further stated that the new vehicle and used vehicle floor plan interest rates will also decrease 25 basis points to one-month LIBOR plus 125 basis points and one-month LIBOR plus 150 basis points, respectively. Scott Krenz, Senior Vice President and CFO commented, "The amended credit facility strengthens our financial flexibility and reduces our floor plan borrowing costs for the next five years." The Full Research Report on Asbury Automotive Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-13/ABG]

EDITOR NOTES:

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to making mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
5. For any urgent concerns or inquiries, please contact us at [email protected].
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

SOURCE Investors' Reports