USA carmakers slashed daily rental sales in July


SRS Investment Management LLC now owns 10,680,904 shares of the company's stock worth $116,742,000 after buying an additional 9,926,516 shares during the last quarter.

At midmorning on Tuesday, GM shares were down 3.4 percent at $34.77, Ford was down 2.8 percent at $10.91 and Fiat Chrysler shares were down 0.3 percent at $12.05 in NY. It opened the session with a $5.41 price tag, later ranging from $5.41 to $5.47, the range at which the stock has traded at throughout the day. Stifel Financial Corp now owns 28,768 shares of the company's stock valued at $313,000 after buying an additional 1,138 shares in the last quarter. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.59 by $0.17. Ford said the SUV success positions the company well for the upcoming release of Expedition and EcoSport models. Fiat Chrysler Automobiles N.V. LLC boosted its stake in shares of Fiat Chrysler Automobiles 6.3% in the first quarter. The company has a 50-day moving average of $11.28 and a 200-day moving average of $10.91. During the same quarter past year, the company earned $0.45 earnings per share. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of USA and global copyright & trademark legislation. While looking the figure depicted by the Price to Earning we can suggest that the shares of Fiat Chrysler Automobiles N.V. (FCAU) are overvalued.

USA carmakers said on Tuesday they continued to slash low-margin sales to daily rental fleets in July as General Motors Co (GM.N), Ford Motor Co (F.N) and Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) struggled to curb a slide in retail sales during the month. Goldman Sachs Group, Inc. UBS AG set a €11.00 ($12.94) price target on Fiat Chrysler Automobiles NV and gave the company a "neutral" rating in a report on Monday, July 10th.

Meanwhile, Fiat Chrysler also saw a big drop in business last month with sales falling 10.7 percent, far worse than the estimate of a 7 percent decline. They now have a "buy" rating on the stock.

Fiat Chrysler Automobiles NV was given a new €14.00 ($16.47) price target on by analysts at Morgan Stanley. Kepler Capital Markets set a €12.50 ($14.71) price target on Fiat Chrysler Automobiles NV and gave the company a "buy" rating in a report on Friday.