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Carmax Auto Finance News

Fitch SMARTView: 3 U.S. ABS Auto Sector Deals Placed 'Under Analysis' Friday, March 12, 2010 @ 12:53PMNEW YORK----Following its monthly surveillance review, Fitch Ratings identified three U.S. asset-backed securities auto deals as 'Under Analysis', indicating that Fitch intends to issue a rating action within 30 days.
Total Dollar Value of At-Risk Auto Loans Dropped by 10 Percent, According to Experian Automotive Tuesday, March 9, 2010 @ 12:00PMThe total dollar value of at-risk automotive loans fell to $26.58 billion in Q4 2009, a 10 percent drop from $29.58 billion in Q4 2008, according to a quarterly analysis of automotive credit released today by Experian Automotive.
Fitch Rates CarMax Auto Owner Trust 2010-1 Friday, February 19, 2010 @ 4:10PMNEW YORK----Fitch Ratings assigns the following ratings to CarMax Auto Owner Trust 2010-1:
Personal Finance Daily: Want to find a job? Get out and talk to people Monday, February 8, 2010 @ 4:17PMIf you’re on the job hunt, your résumé is of primary importance right now. But with so many others in the same boat -- more than six job seekers per opening -- that’s a tough proposition.
NewsWatch: Electronic Arts' shares drop after weak outlook Monday, February 8, 2010 @ 4:10PMEA shares drop sharply after the video-game publisher's financial forecasts disappoint investors.
Fitch to Rate CarMax Auto Owner Trust 2010-1; Presale Issued Wednesday, February 3, 2010 @ 10:01AMNEW YORK----Fitch Ratings expects to assign the following ratings to CarMax Auto Owner Trust 2010-1:
Western Sierra Acceptance Corp. and Experian Automotive Help Dealers Reach Creditworthy Consumers Wednesday, January 13, 2010 @ 9:25AMWestern Sierra Acceptance Corp., a consumer lender based in Northern California that specializes in automotive financing, has entered a new business relationship with Experian Automotive to provide credit prescreen services to auto dealers, helping them more easily and effectively market to and finance consumers.
Spot Super Stocks Friday, January 8, 2010 @ 4:20PMStart by looking at which ones performed the best over the past ten years. Here are 25.
CarMax Reports Third Quarter Earnings Friday, December 18, 2009 @ 6:35AMRICHMOND, Va.----CarMax, Inc. today reported results for the third quarter ended November 30, 2009. Net sales and operating revenues increased 19% to $1.73 billion from $1.46 billion in the third quarter of last year.
CarMax reports 3Q results Fri. Wednesday, December 16, 2009 @ 12:37PMRICHMOND, Va. -- Car dealership chain CarMax Inc. is scheduled to report earnings for its fiscal third quarter on Friday. The following is a summary of key developments and analyst opinion related to ...
CarMax reports 3Q results Fri. Wednesday, December 16, 2009 @ 11:06AM(AP) RICHMOND, Va. - Car dealership chain CarMax Inc. is scheduled to report earnings for its fiscal third quarter on Friday. The following is a summary of key developments and analyst opini...
CarMax reports 3Q results Fri. Wednesday, December 16, 2009 @ 9:32AMAutoNation is scheduled to report earnings for its third quarter Thursday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: The nation's largest aut...
Earnings Preview: CarMax reports 3Q results Fri. Wednesday, December 16, 2009 @ 8:04AMCar dealership chain CarMax Inc. is scheduled to report earnings for its fiscal third quarter on Friday. The following is a summary of key developments and analyst opinion related to the period.
Earnings Preview: CarMax reports 3Q results Fri. Wednesday, December 16, 2009 @ 7:29AMRICHMOND, Va. — Car dealership chain CarMax Inc. is scheduled to report earnings for its fisca...
Earnings Preview: CarMax reports 3Q results Fri. Wednesday, December 16, 2009 @ 7:15AMCar dealership chain CarMax Inc. is scheduled to report earnings for its fiscal third quarter on Friday.
What Women Want Tuesday, December 15, 2009 @ 4:37PMThe last bastion of male privilege is the auto dealership. It never fails: If a couple walks in, the salesman automatically addresses the man. If it's a woman alone, she can expect to not only be condescended to, but have to fight her way to a good deal. She will be offered unnecessary tricks of...
Posted on the Biz Buzz Blog last week Sunday, December 13, 2009 @ 11:04PMPosted on the Biz Buzz Blog last week The West Elm store at the Short Pump Town Center is closing in mid-January, the company said. West Elm, owned by specialty retailer Williams-Sonoma Inc., sells furniture, bedding and rugs. The Short Pump store opened in April 2006. CarMax Inc. will likely report better results in the fiscal third quarter when it announces its earnings Friday, said Sharon ...
/C O R R E C T I O N - Experian Automotive/ Wednesday, December 9, 2009 @ 3:56PMDec-2009 by Experian Automotive over PR Newswire, we are advised by the company that the fourth paragraph, third sentence, should read, "In addition, the average new vehicle loan dropped from 63 months in the third quarter of 2008 to 62 months in the third quarter of 2009, and the average used vehicle loan dropped from 59 months in the third quarter of 2008 to 57 months in the third quarter of ...
U.S. Automotive Lending Industry Showing Signs of Stabilization, According to Experian Automotive Wednesday, December 9, 2009 @ 12:19PMSCHAUMBURG, Ill., Dec. 9 -- Despite continued economic struggles, the automotive lending industry in the U.S. showed signs of stabilization during the third quarter of 2009, according to a quarterly analysis of automotive credit released today by Experian Automotive.
eBay Motors Launches Free Vehicle History Reports Exclusively through Experian's AutoCheck Thursday, November 12, 2009 @ 1:08AMSAN JOSE, Calif.--eBay Motors (www.ebaymotors.com) , the No. 1 online automotive marketplace worldwide, now offers free vehicle history reports through an exclusive agreement with Experian’s AutoCheck.
eBay Motors Launches Free Vehicle History Reports Exclusively through Experian's AutoCheck Wednesday, November 11, 2009 @ 9:15AMSAN JOSE, Calif.----eBay Motors , the No. 1 online automotive marketplace worldwide, now offers free vehicle history reports through an exclusive agreement with Experian’s AutoCheck.
Fitch Rates CarMax Auto Owner Trust 2009-2 Tuesday, November 10, 2009 @ 2:32PMNEW YORK----Fitch Ratings rates the CarMax Auto Owner Trust 2009-2 as follows:
Best Buy, Other Retailers Started At "Buy" At UBS Tuesday, November 3, 2009 @ 5:51PMElectronics retailer Best Buy Co. (BBY) received a "buy" rating from UBS (UBS) Tuesday, joining the ranks of consumer stocks like Bed, Bath & Beyond (BBBY), Lowe’s (LOW), and Home Depot (HD), f...
Best Buy, Other Retailers Started At "Buy" At UBS Tuesday, November 3, 2009 @ 4:38PMBest Buy was one of several retail stocks to receive a buy rating from Swiss Bank UBS AG.
O'Reilly to use Experian vehicle population service Sunday, November 1, 2009 @ 11:26PMExperian Automotive and O?Reilly Automotive, Inc. announced a new relationship in which O?Reilly will use Experian?s AutoCount Vehicles in Operation offering to help its business make stronger inventory decisions for each of its more than 3,400 U.S. locations.
Zacks Bull and Bear of the Day Highlights: CarMax, Genomic Health Inc., J.C. Penney, Macy's and Bank of America Friday, October 30, 2009 @ 4:00PMCHICAGO----Zacks Equity Research highlights CarMax as the Bull of the Day and Genomic Health Inc. the Bear of the Day. In addition, Zacks Equity Research provides analysis on J.C. Penney or Macy’s and Bank of America .
Zacks Bull and Bear of the Day Highlights: CarMax, Genomic Health Inc., J.C. Penney, Macy's and Bank of America Friday, October 30, 2009 @ 8:17AMZacks Bull and Bear of the Day Highlights: CarMax, Genomic Health Inc., J.C. Penney, Macy's and Bank of America
CarMax, Inc. (KMX) Friday, October 30, 2009 @ 12:00AMCarMax focuses on penetrating new markets through store openings. The company has kept its inventories closely aligned with sales trends, which has allowed it to optimize gross profit per unit besides offering great value to customers.
O'Reilly Automotive Selects Experian Automotive's AutoCount Vehicles in Operation(SM) Thursday, October 29, 2009 @ 12:00PMExperian Automotive and O'Reilly Automotive, Inc. today announced a new relationship in which O'Reilly will use Experian's AutoCount Vehicles in Operation offering to help its business make stronger inventory decisions for each of its more than 3,400 U.S. locations.
Ford Motor Company Tops Latest Brand Loyalty Ratings From Experian Automotive Tuesday, October 13, 2009 @ 10:20AMSCHAUMBURG, Ill., Oct. 13 -- Ford Motor Co. vehicles accounted for six of the top 10 vehicles for customer brand loyalty, according to recent industry analyses from Experian Automotive.
CarMax Reports Record Quarterly Earnings Wednesday, September 23, 2009 @ 12:33AMRICHMOND, Va.--CarMax, Inc. today reported results for the second quarter ended August 31, 2009. Sales . “We are pleased to report healthy increases in both used and wholesale vehicle unit sales,” said Tom Folliard, president and chief executive officer.
Business Briefs Tuesday, September 22, 2009 @ 11:48PMNEW YORK -- A rebound in commodities drew investors back into the stock market and helped push stocks to new highs for 2009. Major stock indicators rebounded Tuesday from a drop the day earlier to end at their highest levels in 11 months.
Business briefs: Cleburne-based electric co-op distributes more than $3.4 million in dividends Tuesday, September 22, 2009 @ 9:34PMCo-op gives millions in dividends United Cooperative Services, an electric cooperative based in C
Business Highlights Tuesday, September 22, 2009 @ 5:19PMWASHINGTON (AP) — The Federal Deposit Insurance Corp. is weighing several costly — and never-before-used — options as it struggles to shore up the dwindling fund that insures bank deposits.
Rush to Dow 10,000 Limits Downside Potential Tuesday, September 22, 2009 @ 3:50PMStocks rallied higher, once again indicating that the path of least resistance is up.
CarMax Reaches 16-Month High as Profit Tops Estimates (Update1) Tuesday, September 22, 2009 @ 3:29PMSept. 22 (Bloomberg) -- CarMax Inc. rose to the highest since May 2008 in New York trading after the biggest U.S. used- car dealer’s second-quarter profit beat analysts’ estimates.
CarMax Rises to Highest in Year as Profit Exceeds Estimates Tuesday, September 22, 2009 @ 3:20PMSept. 22 (Bloomberg) -- CarMax Inc. rose to the highest in more than a year in New York trading after the biggest U.S. used-car dealer’s second-quarter profit beat analysts’ estimates.
CarMax's Profits Shoot Up Tuesday, September 22, 2009 @ 10:10AMWholesale unit sales increased 5% year-over-year, while total used unit sales rose 10% in the second quarter.
CarMax Salesmanship Shines in Quarter Tuesday, September 22, 2009 @ 8:30AMCarMax posts strong growth in its second quarter, sendings its shares spiking.
CarMax 2Q Results Smash Views On Higher Sales, Margins Tuesday, September 22, 2009 @ 7:48AMCarMax Inc.'s (KMX) fiscal second-quarter profit surged on higher per-vehicle profit and a return to the black for its auto-finance unit. Shares jumped 8.38% to $20.95 as the results smashed analysts' expectations. The stock through Monday had more than doubled this year.
7 Reasons Not to Worry This Week Monday, September 21, 2009 @ 11:15AMNot every company will be posting lower earnings this week.
Teaching is the new hot job Monday, September 14, 2009 @ 8:54PMPaul Washington oversaw hundreds of employees in the auto industry and navigated the finicky retail market for Target. Now he's taking on a much more daunting task: teaching history to eighth-graders. Washington, who will start work this month at Stafford Middle School in Frisco, Texas, is among a cadre of professionals leaving corporations for classrooms as the economy continues to wallow and ...
Earnings Preview for CarMax Wednesday, September 9, 2009 @ 12:09PMThe Zacks Consensus Estimate for the company is 16 cents per share, an improvement of 45% compared to the recorded earnings in the previous quarter.
Clunkers program cut supply of used cars Wednesday, August 26, 2009 @ 11:04PMThe Cash for Clunkers program has decreased the supply of used cars and raised their prices, Virginia dealers and buyers said. “It’s taken the threeand fourand five-thousand-dollar cars off the market,“ said Tim Higginbotham, president and owner of New Millennium Auto Sales in Hanover County. “The people that can’t afford a car payment, that’s the car that they buy.“
Car deals still out there Wednesday, August 26, 2009 @ 2:55AMCash for Clunkers came to the end of the road Monday, but not before a half-million happy motorists made the trip.
Auto/Mate Selects Experian® to Provide AutoCheck® Vehicle History Reports to Dealers Thursday, August 20, 2009 @ 8:00AMAuto/Mate Dealership Systems today announced a new integration relationship with Experian Automotive to provide the company's AutoCheck® vehicle reports to Auto/Mate's dealer clients using AutoCheck FreeLinkSM technology. Dealers will be able to quickly and easily get AutoCheck reports for prospective customers using Auto/Mate's popular, low-cost Automotive Management Productivity Suite (AMPS).
No Limits in Va. Governor's Race Tuesday, August 18, 2009 @ 11:43PMWealthy friends, helpful campaign finance laws allow candidates to compile huge war chests.
Virginia's Lack of Limits on Campaign Contributions Worries Some Tuesday, August 18, 2009 @ 11:00PMWealthy friends and accommodating campaign finance laws have allowed the two men running for governor of Virginia to compile tens of thousands of dollars from individual donors in what is expected to be the most expensive race in the state's history.
Teaching is the new hot job as recession forces career changes Thursday, August 13, 2009 @ 11:52PMSeveral professionals are leaving corporations for classrooms as the economy continues to wallow and frustrated employees reconsider career trajectories.
CarMax renews, lowers warehouse facility for financing arm by $200M Friday, August 7, 2009 @ 3:16PMRICHMOND, VA. — Automotive retailer CarMax Inc. said Friday that it has renewed its borrowing facility and lowered the limit for its financing arm by $200 million.