Up and Up: Wall Street analysts give Driven Brands bullish endorsement
Shares of Driven Brands Holdings Inc. rallied toward a fifth-straight gain Tuesday, after the newly public auto services company got a mostly bullish endorsement from Wall Street analysts, as a way to play the recovery in the auto industry. The stock DRVN has gained 16.7 percent during its win streak. IAs of Wednesday at 1:30 p.m. […]
Tuesday Ticker: February 9, 2021
Toronto, Ontario — Microchip shortages continue to plague Canadian plants with temporary shutdowns, DesRosiers reports Canada’s Jan. 2021 auto sales and Hyundai changes its stance on the rumoured Apple car partnership. Microchip mishaps General Motors is the latest automaker to initiate temporary layoffs at a Canadian plant alongside microchip shortages General Motors said its CAMI […]
Tuesday Ticker: January 26, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, PPG pummels its 2019 Q4 numbers, Fiat Chrysler and PSA make a final handshake and Axalta preps to unveil its full-year results for 2020. PPG powers through PPG has fourth quarter 2020 net sales of approximately US$3.8 billion, more than two percent higher versus the prior year. […]
Tuesday Ticker: January 19, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, Driven Brands makes its NASDAQ debut, Uber looks toward a profitable 2021 and Toyota boasts big EV numbers for December 2020. Driven deals Driven Brands began trading on NASDAQ last week, where shares increased by 21.32 percent as it went from an opening price of $22 to […]
Tuesday Ticker: January 5, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, Magna’s new CEO takes charge, PSA shareholders announce an overwhelming ‘ye’, DesRosiers preps to unveil new data and Volkswagen initiates the first phase of its Takata recalls. Moves at Magna Alongside the ringing of the new year, Magna International officially welcomed Swamy Kotagiri as the company’s new […]
Tuesday Ticker: July 14, 2020
Toronto, Ontario — EV stocks continue to surge in this week’s Tuesday Ticker, as electric automaker Fisker goes public post-merger, while batteries get boosted after Audi’s CEO taunts Telsa’s battery-range reign and Honda launches a new tech partnership. Fisker fuel American Electric car maker Fisker will go public through a merger with a “blank check […]
Canada: cooling on cars, picking up on pickups
By CRM staff Richmond Hill, Ontario — January 10, 2018 — While sales of cars slipped in Canada last year, it was a record-breaking year for vehicle sales overall, thanks to the number of light trucks bought by Canadians, according to a report released by DesRosiers Automotive Consultants. With Canadians buying more than two million […]
Tuesday Ticker: stock markets off to a good start, oil prices rise
By Jeff Sanford Toronto, Ontario — January 9, 2017 — In this week’s Tuesday Ticker, some of the big trends for 2018, a good start to the year for stock markets, the meltdown in sub-prime auto-lending, and much, much more! Stock markets have started 2018 with a bang. Last week the Dow Jones Industrial Average […]
Tuesday Ticker: Bank of Canada’s end-of-year message; Canada Pension Plan bids on fleet management firm
By Jeff Sanford Toronto, Ontario — December 19, 2017 — In this week’s Tuesday Ticker, an end-of-year message from the Bank of Canada, the investment arm of the Canada Pension Plan bids for a fleet management firm that manages accident claims, and much, much more! The governor of the Bank of Canada, Stephen Poloz, held […]
Tuesday Ticker: Sherwin-Williams is ‘an unsung growth hero,’ Bitcoin comes of age and the price of oil may be heading up
By Jeff Sanford Toronto, Ontario — December 27, 2016 — The holiday season usually sees the flow of market-related news slowed to a trickle. Nevertheless, there are a few bits of news from the companies in the automotive claims economy, as well as year-end chat about the best performing stocks and asset classes from the […]
