NEW YORK (TheStreet) -- Shares of Amazon.com (AMZN) - Get Amazon.com, Inc. Report were down in early morning trading on Thursday as the Seattle-based e-commerce giant announced today that it will launch Amazon Vehicles, a service to help car buyers.
The site will provide consumers specifications, images, videos and customer reviews for thousands of new and old car models, including "everything from the 2016 Jeep Wrangler and 2014 Tesla Motors (TSLA) Model S" to older models like the 1965 Ford (F) Mustang, the company said in a statement.
Amazon Vehicles will also allow users to research information on auto parts and accessories. It will be an extension of the existing Amazon Automotive store.
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Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate AMAZON.COM INC as a Buy with a ratings score of B-. COM INC (AMZN) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: