Moody’s Investors Service downgraded the debt ratings of Asbury Automotive Group Inc. further into junk status Wednesday, citing the expectation that auto retailers will continue to suffer this year as consumer demand shrinks.

Moody’s Investors Service downgraded the headline debt rating of Penske Automotive Group Inc. further into junk status Wednesday, citing the expectation that the auto retailer’s leverage will remain high as consumer demand stays weak and earnings remain “soft.”

RICHMOND, Va.—-CarMax, Inc. , the nation’s largest retailer of used cars, announces the new Email Alert feature on carmax.com. This option provides customers with more control and flexibility during their online car shopping experience.

The chairman and chief executive of AutoNation Inc., the nation’s largest auto retailer, received compensation in 2008 valued at about $2.6 million — representing a 28 percent decline from the year before — mainly as a result of a steep drop in the value of the company’s stock.

What Wall Street analysts are saying about selected stocks in the news Friday

RICHMOND, Va.—-CarMax, Inc. announced today the webcast and/or conference call access information for upcoming events.

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