Service Launches, Statements, Financial and CSR Reports - Analyst Notes on CSX, Civeo, Penske Automotive, CarMax and JetBlue
Editor Note: For more information about this release, please scroll to bottom
NEW YORK, July 2, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding CSX Corp. (NYSE: CSX), Civeo Corporation (NYSE: CVEO), Penske Automotive Group, Inc. (NYSE: PAG), CarMax Inc. (NYSE: KMX) and JetBlue Airways Corporation (NASDAQ: JBLU). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4362-100free.
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CSX Corp. Analyst Notes
On June 23, 2014, CSX Corp. (CSX) released it Corporate Social Responsibility (CSR) Report. According to CSX, the report showed continued progress in 2013 on the Company's safety, environmental and community engagement initiatives. Chairman, President, and CEO Michael J. Ward commented, "Corporate Social Responsibility is at the core of CSX's identity and helps drive our business success. Our CSR performance is fundamental to our vision to be the safest, most progressive North American railroad, relentless in the pursuit of customer and employee excellence. This report reflects our commitment to maintain transparency and accountability to our customers, employees, shareholders and the communities we serve." Some of the accomplishments of the Company highlighted in the report include: lowest rates of employee injuries; improved fuel efficiency; reduction in greenhouse gas emissions; and investment into its mile network for maintaining and improving its existing infrastructure. The full analyst notes on CSX are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/CSX/report.pdf
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Civeo Corporation Analyst Notes
On June 17, 2014, Civeo Corporation (Civeo) reported its financial results for Q1 2014. Revenue decreased 14.2% YoY to $252.8 million. Net income attributable to the Company for the quarter was $36.2 million, compared to $63.8 million in Q1 2013. Civeo also reported its successful spin-off from Oil States International, Inc and has begun trading under the ticker symbol CVEO on the New York Stock Exchange on June 2, 2014. President and CEO Bradley J. Dodson stated, "We were pleased to complete the spin-off and begin the next chapter in our corporate history. Our focus remains to grow our operations both organically and through acquisition." He added, "We maintain our original second quarter guidance of $210 million to $215 million of revenues with EBITDA margins in the range of 33 to 34 percent before spin-off related costs, the majority of which we expect to be non-cash." The full analyst notes on Civeo are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/CVEO/report.pdf
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Penske Automotive Group, Inc. Analyst Notes
On June 27, 2014, Penske Automotive Group, Inc.'s (Penske Automotive) stock rose 3.43%, ending the day at $48.79. Over the previous three trading sessions, shares of Penske Automotive climbed 3.92% compared to the Dow Jones Industrial Average which increased 0.20% during the same period. The full analyst notes on Penske Automotive are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/PAG/report.pdf
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CarMax Inc. Analyst Notes
On June 24, 2014, a statement was released by CarMax Inc. (CarMax) regarding the FTC Petition. CarMax stated that new car manufacturers do not give used car retailers, including CarMax, the authority to complete recall repairs. CarMax added that it provides the necessary information for customers to register their vehicle with the manufacturer to determine if it has an open recall and be notified about future recalls. CarMax further stated that it supports federal legislation that requires used car retailers to fix recalls so long as the legislation also mandates that manufacturers fully enable used car retailers to make the repairs. According to the Company, the legislation should require manufacturers give used car retailers all recall notices, the same diagnostic and repair information, and the tools and parts that manufacturers make available to their franchise dealers. The full analyst notes on CarMax are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/KMX/report.pdf
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JetBlue Airways Corporation Analyst Notes
On June 26, 2014, JetBlue Airways Corporation (JetBlue) announced the launch of its seasonal service to Barnstable Municipal Airport in Hyannis, Massachusetts. According to the Company, the Capital of the Cape is the airline's 86th destination and is JetBlue's 64th nonstop route from New York's John F. Kennedy International Airport. JetBlue stated that it will be the only airline connecting New York City with Cape Cod, one of the country's most popular summer destinations, offering seasonal service with one daily flight between June 26, 2014 and September 9, 2014. The full analyst notes on JetBlue are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/JBLU/report.pdf
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