Wall Street looked set to close the week on a high note, with large-cap benchmarks pushing higher in Friday's midday trading as optimism over corporate earnings and progress on global trade talks provided support for risk assets.
AutoNation (NYSE:AN) reported Q2 2025 earnings with revenue at $6.97B (+8% YoY), slightly below estimates, but EPS of $5.46 beat forecasts. Stock rose 2.12% pre-market.
Used car prices are revving back into high gear - and dealership stocks are catching a tailwind. Carvana and AutoNation are best positioned to benefit.
Let’s dig into the relative performance of Viatris (NASDAQ:VTRS) and its peers as we unravel the now-completed Q4 generic pharmaceuticals earnings season.
BofA analysts discussed the impact of tariffs on automakers, with Ford and GM at high risk of negative ratings. Ford is pushing forward with low-cost EVs and connected vehicle subscriptions, while GM is focusing on Cadillac's EV transformation and Formula One participation. Tariffs may cost OEMs $6k-$8k per car, with potential cost passes to consumers.
President Donald Trump's announcement of a 25% tariff on auto imports has sparked widespread concern among economists and market analysts, with many warning of potential severe economic consequences.
Trump announced a 25% tariff on auto imports starting April 3, aiming to boost U.S. production but raising costs for automakers relying on global supply chains.
