Latest news with #CARFAXCarListings
Associated Press
6 days ago
- Automotive
- Associated Press
CARFAX: Nearly 17 Million Vehicles on U.S. Roads Have Expired Registration Tags
Drivers With Expired Tags Could Face Thousands in Fines, Impoundment, and Even Jail Time CENTREVILLE, Va., June 4, 2025 /PRNewswire/ -- New CARFAX data found nearly 17 million vehicles on U.S. roads started 2025 with expired tags. Driving with outdated tags can lead to serious consequences, including costly fees and fines, and in some cases, having the vehicle towed or impounded. In instances with either repeat offenses or significantly overdue registrations, drivers can even face jail time. Expired tags can also complicate issues in accidents, potentially affecting insurance claims. The average lag for most drivers with expired tags is about four months, CARFAX data shows, more than enough time for fines or other penalties to accumulate. 'As summer kicks off and more families hit the road, a simple missed renewal can quickly spiral into a costly legal or financial headache,' said Paul Nadjarian, General Manager of CARFAX Car Care. 'The free CARFAX Car Care app helps drivers avoid surprises by sending timely reminders for key deadlines — from registration renewals to maintenance like recalls and tire rotations.' These 10 states had the most expired vehicle registrations at the start of the year: *Note: California's figures are a recent monthly average of expired tags provided to CARFAX by the California Department of Motor Vehicles (DMV). Some states have penalties that can run up to hundreds or even thousands of dollars. In some instances, drivers can face jail time for repeat offenses, including in New York state, Florida, Washington, and Georgia, according to their DMV sites. For example, in California, the Department of Motor Vehicles (DMV) says that if a vehicle's registration has been expired for more than six months, law enforcement may order it towed or impounded. And although jail time isn't typical, that decision 'would be up to a judge'. And in Massachusetts, one out-of-state driver learned the hard way just how crucial it is to keep vehicle registration up to date, after a state trooper impounded his car and he was left stranded on the roadside. 'Just a warning to others,' he said. 'Don't let something like this, that can be quickly taken care of, slip through the cracks.' Editor's note: Local estimated numbers for expired tags in your state can be made available upon request. Interviews with a Carfax expert are available anytime. Please contact Em Nguyen at [email protected]. About CARFAX CARFAX, part of S&P Global Mobility, helps millions of people every day confidently shop, buy, service and sell used cars with innovative solutions powered by CARFAX® vehicle history information. The expert in vehicle history since 1984, CARFAX provides CARFAX Car Listings, CARFAX Car Care, CARFAX History-Based Value and the flagship CARFAX Vehicle History Report to consumers and the automotive industry. CARFAX owns the world's largest vehicle history database and is nationally recognized as a top workplace by The Washington Post. Shop, Buy, Service, Sell – Show me the CARFAX®. S&P Global Mobility is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. View original content to download multimedia: SOURCE CARFAX
Yahoo
16-02-2025
- Business
- Yahoo
Is S&P Global Stock a Buy Now?
Shares of S&P Global (NYSE: SPGI) rallied sharply following the release of its fourth-quarter earnings report, which exceeded Wall Street estimates. For the period ended Dec. 31., the financial services intelligence giant posted a 14% year-over-year increase in quarterly revenue, while adjusted earnings per share (EPS) was up 20% to $3.77. If shareholders needed further good news, the company offered a strong outlook for the year ahead alongside a new share buyback authorization. The trends are solid, but considering the stock is up 24% over the past year and currently trading at an all-time high, can the rally keep going? Let's discuss whether S&P Global stock is a buy now. S&P Global is recognized as a leader in financial analytics, including credit ratings, investment research, and index data. A resilient economic environment, coupled with positive investor sentiment toward capital markets, has been a tailwind for its business. A key performance indicator highlighting the operating momentum is the billed issuance, reflecting the value of credit instruments rated. The figure reached a record $3.9 trillion in 2024, up 54% from the previous year, capturing favorable market conditions between tight credit spreads and lower interest rates. Within the 31% year-over-year revenue growth contribution from ratings in 2024, an important dynamic is the ongoing diversification beyond the traditional focus on investment-grade and high-yield debt into other types of loans and structured products. This category generated a 62% increase in revenue compared to last year. S&P Global is also seeing a strong response to its new offerings, referred to as its Vitality Index. In this case, products like the CARFAX Car Listings data tracker, Energy Transition intelligence, and LNG Price Assessments insight have gained traction. Another major development for S&P Global has been its effort to integrate artificial intelligence (AI) functionality across its ecosystem. The initiative includes the Spark Assist generative AI co-pilot, which aims to enhance user productivity and the platform's value proposition. Management comments have projected optimism that these recent innovations have positioned the company for durable, profitable growth. For 2025, the company is guiding for revenue growth between 5% and 7% against the particularly strong 2024 growth rate benchmark. The company's adjusted EPS target range of $17.00 to $17.25 represents a 9% increase at the midpoint from the $15.70 result in the previous year. Metric 2024 2025 Estimate Revenue growth (YOY) 14% 5% to 7% Adjusted Earnings Per Share (EPS) $15.70 $17.00 to $17.25 Adjusted EPS growth (YOY) 25% 8% to 10% Data source: S&P Global. The attraction of S&P Global stock as a potential investment opportunity starts with an understanding that many of its data products and credit ratings coverage are often critical in the daily operations of its customer base. Institutional investors, banks, and asset managers rely on the specialized market intelligence from S&P Global, forming an ingrained and mutually beneficial commercial relationship. The company's financial profile, defined by steady cash flows and high-quality earnings given historically strong contract renewal rates, helps justify a premium valuation. Shares of S&P Global are trading at 31 times its 2025 EPS estimate as a forward price-to-earnings (P/E) ratio. Notably, this level is at a modest discount to industry competitors like Moody's and MSCI that offer alternative solutions, trading at forward P/E ratios of 37 and 34, respectively. By this measure, S&P Global offers relatively good value, with a key advantage being its larger size and more diversified platform. S&P Global also stands out as a "Dividend King," with an impressive 52-year history of increasing its dividend payment. The current quarterly rate of $0.96 per share yields 0.7%, which is coupled with a $4.3 billion share repurchasing authorization as part of the company's commitment to reward shareholders. I'm bullish on shares of S&P Global going into 2025. Through its exposure to the broader themes of the financial services sector, as long as capital markets remain buoyed with low volatility and a steady rise in asset prices, the company is on track to achieve its earnings targets. Investors confident in the company's ability to consolidate market share have plenty of reasons to buy and hold S&P Global stock for the long run. Before you buy stock in S&P Global, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and S&P Global wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $850,946!* Now, it's worth noting Stock Advisor's total average return is 959% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list. Learn more » *Stock Advisor returns as of February 7, 2025 Dan Victor has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends S&P Global. The Motley Fool has a disclosure policy. Is S&P Global Stock a Buy Now? was originally published by The Motley Fool Sign in to access your portfolio
