Relatively Low Current Ratio Detected in Shares of AutoZone in the Automotive Retail Industry (AZO, AN, ORLY, PAG, GPI)
Below are the three companies in the Automotive Retail industry with the lowest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.
AutoZone ranks lowest with a a current ratio of 0.8. Following is AutoNation with a a current ratio of 1.0. O'Reilly Automotive ranks third lowest with a a current ratio of 1.0.
Penske Auto Group follows with a a current ratio of 1.0, and Group 1 Automotive rounds out the bottom five with a a current ratio of 1.0.
SmarTrend recommended that subscribers consider buying shares of Group 1 Automotive on July 12th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $54.08. Since that recommendation, shares of Group 1 Automotive have risen 21.0%. We continue to monitor Group 1 Automotive for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest current ratio AutoZone autonation o'reilly automotive penske auto group group 1 automotive