Wabash National Corporation (WNC): Today's Featured Automotive Winner

Wabash National Corporation (WNC) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day down 1.4%. By the end of trading, Wabash National Corporation rose 5 cents (0.7%) to $7.31 on heavy volume. Throughout the day, 2.4 million shares of Wabash National Corporation exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in a price between $7.12-$7.65 after having opened the day at $7.14 as compared to the previous trading day's close of $7.26. Other companies within the Automotive industry that increased today were: Quantum Fuel Systems Technologies Worldwide (QTWW), up 27.2%, Navistar International (NAV), up 3.6%, China Zenix Auto International Ltd ADR (ZX), up 2.9%, and Strattec Security Corporation (STRT), up 1.7%.

Wabash National Corporation engages in designing, manufacturing, and marketing standard and customized truck trailers, intermodal equipment, and transportation related products in North America. It operates in three segments: Commercial Trailer Products, Diversified Products, and Retail. Wabash National Corporation has a market cap of $533.6 million and is part of the consumer goods sector. The company has a P/E ratio of 32.5, above the average automotive industry P/E ratio of 31.2 and above the S&P 500 P/E ratio of 17.7. Shares are down 7.4% year to date as of the close of trading on Friday. Currently there are five analysts that rate Wabash National Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Wabash National Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and weak operating cash flow.

• You can view the full Wabash Ratings Report.

On the negative front, Enova Systems (ENA), down 15.3%, Motorcar Parts of America (MPAA), down 8%, Tesla Motors (TSLA), down 6.8%, and Winnebago Industries (WGO), down 6.7%, were all losers within the automotive industry with BorgWarner (BWA) being today's automotive industry loser.

• Use our automotive section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider Consumer Discretionary Sel Sec SPDR (XLY) while those bearish on the automotive industry could consider ProShares Ultra Sht Consumer Goods (SZK).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on Wabash National Corporation click any of the following:

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• Wabash National Corporation Balance Sheet

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• Wabash National Corporation Income Statement