US March new auto sales fall short of market expectations

US March new auto sales fall short of market expectations”

Now the shares of General Motors Company (GM) has a trading volume of 31.77 Million shares, with an average trading volume of 18.16 Million shares - with shares dropping to a 52 week low of $27.34 on Jun 27, 2016, and the company's shares hitting a 52 week high on Mar 6, 2017 of $38.55. Analysts estimated a pace of about 17.2 million. Keep in mind, however, that last year's fleet sales were highly inflated during the first quarter and tapered off to normal levels in the back half of the year, so Ford is up against a tough year-over-year comparison.

Most important, the surge pushed the company's market cap to $48.69 billion, putting it higher than Ford's $45.31 billion. They expect $0.45 earnings per share, down 33.82% or $0.23 from last year's $0.68 per share. BMO Capital Initiates Coverage On the company's stock to Market Perform on 12/21/16 by setting a price target of $13.

Last but not least, we find it ridiculous that a stock that has an EV to sales ratio of 0.3 is getting punished this way for just missing "sales" expectations.

In other news, EVP Karl-Thomas Neumann sold 1,379 shares of General Motors Company stock in a transaction on Monday, February 13th. The business's revenue was up 9.2% on a year-over-year basis.

The company's expected revenue in the current quarter to be 39.42 Billion, seeing a projected current quarter growth of 14.3%, and per annum growth estimates over the next 5 year period of around -4.7%. If you are reading this report on another website, it was stolen and reposted in violation of United States and worldwide copyright & trademark law. The original version of this story can be read at

With regards to the company's aim to increase its investments in Egypt through the assembling of different models, such as Fiat, FCA asserted that Egypt has great potentials and that they are now studying various options that could fit into the company's strategy. Despite market trends shifting toward SUVs, Ford crossover deliveries fell 2 percent for March.

In related news, Chairman William Clay Ford, Jr. acquired 171,379 shares of the stock in a transaction dated Friday, March 24th. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Several large investors have recently made changes to their positions in the stock. They presently have a $40.00 target price on the auto manufacturer's stock. That means not all of the news will be good, and Ford had its share of less-welcome news to report for March. Following the transaction, the executive vice president now owns 15,755 shares in the company, valued at $557,411.90. Renaissance Technologies LLC increased its stake in shares of Ford Motor Company by 1,792.7% in the fourth quarter. The Massachusetts-based Contravisory Investment Mngmt has invested 0% in Ford Motor Company (NYSE:F).

12/21/2016 - Ford Motor Company had its " rating reiterated by analysts at Instinet.

General Motors, the nation's top-selling automaker, reported a 2 percent gain led by small and midsize SUVs with a 21 percent increase. That puts total institutional holdings at 1,104,003,683 shares, according to SEC filings. The Firm provides automotive financing services through General Motors Financial Company, Inc.

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