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$AN 2Q15 Call: SG&A as a percentage of gross profit was 69.4%, represents a 100 bp decrease vs. 2Q14. Net new vehicle floorplan was a benefit of $16MM, up $2MM from 2Q14, primarily due to higher floorplan assistance. At June-end, non-vehicle debt was $2.1Bil, up $73MM from March, 31, 2015. Provision for income tax was $71.6MM or 38.3%.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.