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The automotive industry closed the day down 2.9%. Quantum Fuel Systems Technologies Worldwide ( QTWW), Dorman Products Inc ( DORM), Wabash National Corporation ( WNC), and Meritor Inc ( MTOR) were all decliners today within the automotive industry with PACCAR Inc ( PCAR) being today's featured automotive loser. PACCAR Inc fell $1.17 (-2.9%) to $38.67 on light volume. Throughout the day, 2.8 million shares of PACCAR Inc exchanged hands as compared to its average daily volume of 4.4 million shares. PACCAR Inc, together with its subsidiaries, designs, manufactures, and distributes light-, medium-, and heavy-duty trucks and related aftermarket parts primarily in the United States and Europe. It markets its heavy-duty diesel trucks under the Kenworth, Peterbilt, and DAF nameplates. PACCAR Inc has a market cap of $14.2 billion and is part of the consumer goods sector. The company has a P/E ratio of 19.7, equal to the average automotive industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 30.5% year to date as of the close of trading on Friday. TheStreet Ratings rates PACCAR as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. 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.
