Finance Food - Carmax Auto Finance News

Carmax Auto Finance News

06/27 - Public Records Friday, June 26, 2009 @ 11:16PMBIRTHS
Unum Names New Chief Financial Officer Monday, June 22, 2009 @ 9:24AMUnum Names New Chief Financial Officer
Retailer CarMax 1Q profit declines Saturday, June 20, 2009 @ 3:43AMRICHMOND, Va. — Auto retailer CarMax Inc. said Friday its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop and increased costs at its auto financing arm, but the results still beat Wall Street expectations. Its shares climbed more than 14 percent in morning trading.
June 20, 2009 | 11:25 IST Saturday, June 20, 2009 @ 12:55AMUS stocks continued their struggle for a decisive move on Friday as well, as traders remained cautious ahead of the next batch of quarterly corporate earnings and locked in some gains after a three-month advance.
CarMax earnings fall but still beat expectations Friday, June 19, 2009 @ 11:06PMAutomotive retailer CarMax Inc. said its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop and increased costs at its auto-financing arm. But the results still beat Wall Street expectations. Shares climbed 16.96 percent, or $2.22, to close at $15.31 on the New York Stock Exchange. The Goochland County-based retailer, which operates 100 stores, said it earned $28.7 ...
CarMax 1Q earns fall, still tops view Friday, June 19, 2009 @ 5:32PM(AP:RICHMOND, Va.) Auto retailer CarMax Inc. said Friday its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop and increased costs at its auto financing arm, but the results still beat Wall Street expectations.
CarMax Surges 13%+ as Q1 Tops Friday, June 19, 2009 @ 12:26PMCarMax reported first-quarter adjusted earnings that easily topped Wall Street expectations, despite lackluster sales.
CarMax Reports First Quarter Results Friday, June 19, 2009 @ 11:14AMRICHMOND, Va.--CarMax, Inc. today reported results for the first quarter ended May 31, 2009. Sales . “While our customer traffic trend continued to be weak, we did see improvement in the first quarter compared with the fourth quarter of fiscal 2009,” said Tom Folliard, president and chief executive officer.
CarMax 1Q earns fall, still tops view Friday, June 19, 2009 @ 10:07AMEarnings were $28.7 million, or $0.13 per share.
CarMax 1Q earns fall, still tops view Friday, June 19, 2009 @ 9:21AM(AP:RICHMOND, Va.) Auto retailer CarMax Inc. said Friday its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop, a loss in its auto financing arm and charges related to loans, but still beat Wall Street expectations.
CarMax Profit Off 2.7%;Margin Gains Nearly Offset Sales Woes Friday, June 19, 2009 @ 7:56AMCarMax Inc.'s (KMX) fiscal first-quarter profit dropped a much-less-than- expected 2.7% as the slump in sales and increased losses at its auto-finance unit were nearly offset higher profit per vehicle sold.
CarMax 1Q earns fall, still tops view Friday, June 19, 2009 @ 7:38AMAuto retailer CarMax Inc. said Friday its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop and increased costs at its auto financing arm, but the results still beat Wall Street expectations. Its shares climbed 17 percent in Friday...
CarMax Reports First Quarter Results Friday, June 19, 2009 @ 6:45AMRICHMOND, Va.----CarMax, Inc. today reported results for the first quarter ended May 31, 2009. Net sales and operating revenues decreased 17% to $1.83 billion from $2.21 billion in the first quarter of last year.
Earnings Preview: CarMax reports 1Q results Friday Wednesday, June 17, 2009 @ 1:13PMCar dealership chain CarMax Inc. reports earnings for its fiscal first quarter on Friday. The following is a summary of key developments and analyst opinion related to the period.
Earnings Preview: CarMax reports 1Q results Friday Wednesday, June 17, 2009 @ 12:38PMCar dealership chain CarMax Inc. reports earnings for its fiscal first quarter on Friday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: The Richmond, Va., company continues to cut costs amid the weak... Sponsored Topics: CarMax - Richmond Virginia - Car dealership - Richmond - Business and Economy
7 Reasons to Worry About Next Week Friday, June 12, 2009 @ 10:30AMWatch your step on the way down next week.
Analyst Picks and Pans: CarMax, Nordstrom, Diamond Foods Thursday, May 28, 2009 @ 10:20PMCarMax Inc. rose Thursday after Deutsche Bank's Rod Lache upgraded it to buy from hold and raised his earnings estimates, saying the used car dealer's financing division is looking healthier, and the stock is well-priced for buying.
Ahead of the Bell: CarMax upgraded Thursday, May 28, 2009 @ 8:19AM(AP:NEW YORK) Shares of CarMax Inc. rose Thursday in premarket trading after an analyst upgraded the company and raised his earnings estimates, saying the used car dealer's financing division is looking healthier, and the stock is well-priced for buying.
Before the Bell: Time Warner, Visteon in focus Thursday, May 28, 2009 @ 8:07AMTime Warner, Visteon in focus Thursday morning.
AutoNation strength may be balance sheet Wednesday, April 22, 2009 @ 1:59PMAutoNation, the nation’s largest auto retailer, plans to release first quarter earnings Thursday amid the worst national auto sales picture in decades.
(AFX UK Focus) 2009-04-03 18:33 Auto ABS issuers gear up as next TALF round nears Friday, April 3, 2009 @ 12:54PMBy Nancy Leinfuss
BUSINESS Friday, April 3, 2009 @ 3:29AMAUTOMOTIVE
CarMax 4Q profit rises Thursday, April 2, 2009 @ 8:31PMRICHMOND, Va. (AP) - Auto retailer CarMax Inc. said Thursday its fourth-quarter profit jumped 72 percent as lower expenses and a profit in its financing arm offset the impact of falling sales.
Gold Seeker Closing Report: Gold and Silver End Mixed While Stocks Rise on FASB Change Thursday, April 2, 2009 @ 3:56PMGold saw slight gains in Asia before it tumbled lower in London and morning New York trade to as low as $894.50 by a little before noon EST, but it then bounced back higher in the last couple of hour of trade and ended 1.4% off that low with a loss of just 1.94%. Silver saw over 1% gains in Asia before it also fell in London and early New York trade to as low as $12.57 by about 10AM EST, but it ...
KMX 4Q Earnings Tops; Stock Jumps Thursday, April 2, 2009 @ 11:02AMKMX reported fourth-quarter earnings of 17 cents per share, beating the consensus estimate by 16 cents.
CarMax 4Q profit rises on lower expenses Thursday, April 2, 2009 @ 8:28AM(AP:RICHMOND, Va.) Auto retailer CarMax Inc. said Thursday its fourth-quarter profit jumped 72 percent as lower expenses and a profit in its financing arm offset the impact of falling sales.
Business events scheduled for the coming month Thursday, April 2, 2009 @ 8:06AMWEDNESDAY, April 1 NEW YORK -- The Institute for Supply Management releases its manufacturing index for March, 10 a.m.
CarMax 4Q profit rises on lower expenses Thursday, April 2, 2009 @ 7:58AMAuto retailer CarMax Inc. said Thursday its fourth-quarter profit jumped 72 percent as lower expenses and a profit in its financing arm offset the impact of falling sales. The earnings beat Wall Street expectations but revenue fell short. Its shares climbed... Presented By: State of Play in Theaters April 17th In a conspiracy keep your friends close and your enemies closer. Click to Learn More ...
CarMax 4Q profit rises on lower expenses Thursday, April 2, 2009 @ 7:40AMBy MICHAEL FELBERBAUM Auto retailer CarMax Inc. said Thursday its fourth-quarter profit jumped 72 percent as lower expenses and a profit in its financing arm offset the impact of falling sales. The earnings beat Wall Street expectations but revenue fell short. Its shares climbed almost 10 percent in premarket trading. CarMax said it couldn't offer a financial forecast for this fiscal year, ...
Business events and economic reports scheduled for the coming month Thursday, April 2, 2009 @ 7:20AMWEDNESDAY, April 1NEW YORK _ The Institute for Supply Management releases its manufacturing index for March, 10 a.m.DETROIT _ Major
Federal government will release March jobless figures on Friday Sunday, March 29, 2009 @ 3:38AMThe recession-fueled rise in the nation's unemployment will be tested again when the federal government on Friday releases the March jobless figures.
Business briefing for Sunday, March 29 Sunday, March 29, 2009 @ 2:09AMSouth Sound business briefs, mortgage rates and the week ahead in business.
Business events scheduled for the coming week Friday, March 27, 2009 @ 4:31PMNEW YORK _ The Conference Board releases the Consumer Confidence Index, 10 a.m.
Business events and economic reports scheduled for the coming week Friday, March 27, 2009 @ 3:49PMTUESDAY, March 31NEW YORK _ The Conference Board releases the Consumer Confidence Index, 10 a.m.NEW YORK _ Standard &
Business events scheduled for the coming week Friday, March 27, 2009 @ 2:55PMTUESDAY, March 31 NEW YORK -- The Conference Board releases the Consumer Confidence Index, 10 a.m. NEW YORK -- Standard & Poor's/Case-Shiller releases its January index of home prices, 9 a.m.
AP News Calendar Friday, March 27, 2009 @ 1:43PMMajor scheduled events during the week beginning March 29, 2009. Note that many events, especially court appearances, are subject to change at the last minute.
Highlights: Overseas Shipholding Group, Inc., Zoran Corp., ATS Medical, Inc., CarMax Group, and FedEx Corporation ... Friday, March 20, 2009 @ 5:12AM(AP:CHICAGO--) (BUSINESS WIRE) _ Mar. 20, 2009-- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
CarMax Outlook Still Bleak Thursday, March 19, 2009 @ 9:20AMThe current economic slowdown and reduced consumer spending had a negative impact on the company's retail business.
Auto dealer closings cost area cities Monday, March 16, 2009 @ 12:41AMCarson, Torrance and Los Angeles lose sales-tax revenue as new-car lots empty. » BLOG: South Bay business news
Will Banks Get a Boost from TALF? Sunday, March 15, 2009 @ 11:18PM
Private Investors Weigh Fed's Plan to Spur Credit Markets Friday, March 13, 2009 @ 11:00PMThe government's signature effort to revive the consumer credit markets is expected to start slowly as private investors involved in the initiative are struggling to ensure its terms are workable, industry and federal officials said.
CarMax Struggles to Upshift Wednesday, March 11, 2009 @ 12:36PM Declining used-car value due to the ongoing weakness in the overall economy and higher funding cost at the CarMax Auto Finance are eroding the margins of the company.
Zacks Bull & Bear of the Day Highlights: Kroger, Carmax, Eastman Chemical, ABM Industries and Eurand N.V. Wednesday, March 11, 2009 @ 11:26AM CHICAGO----Zacks Equity Research picks Kroger Co. as Bull of the Day and CarMax, Inc. as Bear of the Day. In addition, the analysts at Zacks Equity Research discuss the latest on Eastman Chemical Co. , ABM Industries, Inc. and Eurand N.V. .
Carmax Group (KMX) Wednesday, March 11, 2009 @ 12:00AM CarMax continues to face a difficult used-vehicle environment, largely due to aggressive incentives being offered by new vehicle manufacturers. Declining used-car value due to the ongoing weakness in the overall economy and higher funding cost at the CarMax Auto Finance are eroding the margins of the company.
KMX Target Price Unchanged at $7.5 Tuesday, March 10, 2009 @ 10:37AM KMX continues to face a difficult used-vehicle environment, largely due to aggressive incentives being offered by new vehicle manufacturers.
Proof in numbers | List of Leaders Intro Sunday, March 1, 2009 @ 9:19PMLists show tough times, bright spots in Virginia
Nowcom Announces Partnership with AutoCheck® Tuesday, January 6, 2009 @ 8:00AM LOS ANGELES----Nowcom, a leading provider of dealer management solutions, announced today the integration of the AutoCheck vehicle history reporting service from Experian Automotive into its Dealer Desktop auto dealer software solution.
Auto briefs Tuesday, December 30, 2008 @ 12:29AMDelphi, Honda, Coachmen Industries, CarMax.
Zacks Analyst Blog Highlights: Vodafone Group PLC, Sanmina-SCI Corporation, Koninklijke Philips Electronics NV, Equity ... Thursday, December 25, 2008 @ 8:45PM CHICAGO----Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
CarMax Continues To Struggle Wednesday, December 24, 2008 @ 10:32AM KMX continues to face a difficult used-vehicle environment, largely due to aggressive incentives being offered by new vehicle manufacturers.