{
  "url": "https://struct.news/briefs/blackbaud-autonation-and-healthcare-stocks-are-suddenly-moving-together",
  "title": "Blackbaud, AutoNation and healthcare stocks are suddenly moving together",
  "summary": "Seven names participated on Aug. 11 in a cross-sector cluster spanning technology, auto retail, healthcare, industrials, financials and consumer staples. The strange part is the company mix, not a shared industry.",
  "published_at": "2026-08-11T23:49:18.094521+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": null,
    "ticker": null,
    "cik": null,
    "sector": null,
    "industry": null
  },
  "source_filing": null,
  "comparison_filing": null,
  "reported_figures": [
    {
      "group": "The cluster is moving far closer together than usual",
      "label": "Recent correlation",
      "value": 0.6535,
      "display": "0.65",
      "unit": "number",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-11"
      }
    },
    {
      "group": "The cluster is moving far closer together than usual",
      "label": "Usual correlation",
      "value": -0.0313,
      "display": "-0.03",
      "unit": "number",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-11"
      }
    },
    {
      "group": "The cluster is moving far closer together than usual",
      "label": "Above normal",
      "value": 3.65,
      "display": "3.6σ",
      "unit": "sigma",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-11"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Floor plan interest expense rose $3.8M (10%) to $42.7M for the six months and $3.5M (19%) to $21.6M for the three months, attributed to higher non-manufacturer floor plan balances from the Herb Chambers acquisition.",
      "importance": "medium",
      "evidence": "Floor Plan Interest Expense— Floor plan interest expense increased by $3.8 million (10%) to $42.7 million during the six months ended June 30, 2026 compared to $38.8 million during the six months ended June 30, 2025, as a result of higher non-manufacturer floor plan balances in 2026 due to the Herb Chambers acquisition, partially offset by lower non-manufacturer floor plan balances due to store divestitures in 2025 and February 2026.",
      "source_date": "2026-07-31"
    },
    {
      "type": "interest_rates",
      "statement": "Asbury reported a $7.0M rise in mortgage interest and $2.5M in credit facility interest tied to Herb Chambers borrowings, increasing finance costs.",
      "importance": "medium",
      "evidence": "This increase was primarily due to a $7.0 million increase in our mortgage facilities interest expense and $2.5 million of credit facility interest expense as a result of borrowings incurred in connection with the Herb Chambers acquisition.",
      "source_date": "2026-07-31"
    },
    {
      "type": "demand",
      "statement": "Company reports decreased same-store new vehicle unit volume, citing prior-year accelerated consumer demand after tariff-related announcements and lower EV volume partly due to phasing out of EV tax credits.",
      "importance": "medium",
      "evidence": "First Six Months 2026 compared to First Six Months 2025 Same store new vehicle revenue decreased during the six months ended June 30, 2026, as compared to the same period in 2025, primarily due to a decrease in same store unit volume largely as a result of the prior year period benefiting from accelerated consumer demand in the later part of March 2025 into April 2025 following tariff-related announcements and a decrease in EV unit volume in the current year period due in part to the phasing out",
      "source_date": "2026-07-31"
    },
    {
      "type": "input_costs",
      "statement": "Gross margin contracted 170 basis points for the six months ended June 30, 2026, driven by unfavorable product mix, inflationary pressures, higher inventory reserves and freight costs.",
      "importance": "medium",
      "evidence": "Gross margin for the six months ended June 30, 2026 contracted by 170 basis points, reflecting those same factors, as well as higher inventory reserves and freight costs, which had a more pronounced impact during the six-month period.",
      "source_date": "2026-07-29"
    }
  ],
  "related_tickers": [
    "ABG",
    "AN",
    "AVTR",
    "BJ",
    "BLKB",
    "CLH",
    "CTSH",
    "DXC"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}