Marcial: America's Car-Mart, a Lot to Like Nov 18, 2009
Sadif Investment Analytics, another independent research firm, says that when compared with its closest peer, CarMax (), "America's Car-Mart shows similar undervaluation and is equally likely to outperform the market.". Also a bull is analyst John Hecht of JMP Securities, who calls Car-Mart, which he rates a buy, "a great company" in the besieged car retailing business. (BusinessWeek)
CarMax cashes in on 'clunkers Sep 25, 2009
CarMax noted net income in the latest quarter increased by 10 cents per share for CarMax Auto Finance favorable adjustments, primarily related to an increase in the fair value of retained subordinated bonds. In the year ago period, net income was negatively impacted by a reduction of 8 cents per share for CarMax Auto Finance unfavorable items, including increases in cumulative net loss assumptions, a reduction in the fair value of retained subordinated bonds and an increase in the discount rate... (Milwaukee Business Journal, WI)
International Paper bond issues approved Sep 23, 2009
CarMax profit soars during second quarter. RICHMOND, VA. --- Car dealership chain CarMax Inc. said Tuesday that its fiscal second-quarter profit surged on higher sales and a one-time gain related to its auto financing business. (The Augusta Chronicle)
CarMax 2Q Profit Soars Sep 23, 2009
CarMax posts steep jump in 2nd-qtr profit on sales boost ... Car dealership chain CarMax Inc. said Tuesday its fiscal second-quarter profit surged on higher sales and a one-time gain related to its auto financing business ... In this April 1, 2009 file photo, a Jaguar hood ornament is seen at the Carmax lot in Richmond, Va. (ABC News -- Wire)
Stocks End Mixed In Lower Volume Sep 22, 2009
Earnings Tuesday: CarMax (), Carnival (), ConAgra () and FactSet Research Systems (). The Fed begins its two-day meeting on interest rates Tuesday. (Investors Business Daily)
Buffett Informs, Schwab Whines on Op-Ed Pages Aug 22, 2009
CarMax customers get a 125-point vehicle inspection, which might not be a bad idea for some of the garbage Wall Street sells. As for the we didnt actively market them argument, please re-read the conversation above. (Bloomberg -- Columnists)
West Augusta CarMax store remains idle Aug 20, 2009
And CarMax along Interstate 20 in west Augusta could remain that way for the rest of the year ... The Augusta CarMax was going to employ between 50 and 85 people, but the company said in December that it would not begin hiring until the economy improves ... In its latest quarterly earnings report, CarMax reported that it suffered a sales decline of 17 percent with weak customer traffic. (The Augusta Chronicle)
Buffett's Berkshire Buys Stake in Becton Dickinson in Medical Products Bet Aug 17, 2009
The firm also cut its stake in used-car dealer Carmax Inc. by 25 percent to 9 million shares, and reduced holdings of Home Depot Inc. by 25 percent to 2. 76 million shares. (Bloomberg -- US)
Berkshire Hathaway Acquires Stake in Medical-Supply Maker Becton Dickinson Aug 15, 2009
Buffetts Berkshire Hathaway Discloses Becton Dickinson Stake - Bloomberg. Updated: New York, Aug 15 04:10 London, Aug 15 09:10 Tokyo, Aug 15 17:10. (Bloomberg -- US)
Berkshire Reveals Changes in Stock Portfolio Aug 15, 2009
Berkshire reduced its holdings in CarMax Inc., ConocoPhillips, Eaton Corp., Home Depot Inc., and health insurers UnitedHealth Group Inc. and WellPoint Inc.. But the filing also says Berkshire has received permission from the SEC to omit some information to protect its trading strategy, so the document offers an incomplete picture of the company's investments. (ABC News -- Wire)
ND thief leaves note, advises car owner to lock up Jul 18, 2009
"It's important to keep your guard up and practice auto CarMax wraps placement of $490 million in notes Automotive retailer CarMax Inc. said Tuesday that it has completed a private placement of $490 million of notes. The CarMax Auto Owner Trust 2009 notes are backed by auto loan receivables originated by CarMax Auto Finance, the company said. JPMorgan Securities Inc. acted as adviser on the offering. Police: Accused drunk driver leaves beer on trunk Police said a man accused of driving drunk... (Fresno Bee)
Fed program backs $12B in consumer loans Jul 15, 2009
As of late June, the Fed report said that trusts affiliated with John Deere, BMW, Sallie Mae, GE Capital Credit, CarMax, Ford Credit and Harley-Davidson Motorcycle were among the issuers of securities participating in the program. The TALF started in March and figures prominently in efforts by the Fed and the Obama administration to ease credit, stabilize the financial system and help end the recession. (AZCentral -- Business)
ESCONDIDO: Abandoned car dealerships prompt new restrictions Jul 14, 2009
Last November, the council approved a CarMax used car dealership near Highway 78 despite concerns that new competition could further reduce already-plummeting profits at Escondido's existing dealerships. But CarMax officials put a moratorium on new dealerships in December ... On Monday, CarMax spokeswoman Elia Imler said the company is still interested in opening on the Escondido site if the economy improves. (North County Times)
AUTO: Used-car dealers reflect wider industry woes Jul 12, 2009
CarMax, a national chain with plans to open a location in Escondido, suspended the opening of all new stores in December. Frank Turlo, an Escondido dealer who sells mostly used cars, said the problems seem to be concentrated among relatively new dealerships, where managers may have less experience and smaller customer bases than new-car dealerships, which frequently pass from one generation to the next. (North County Times)
No vacation? No way! This family cuts back on everything else before giving up a getaway Jul 11, 2009
"She says it's important psychologically for her family and others to get away on vacation, especially when economic times are tight. Some simply can't afford it. But her husband works at CarMax and another job and has steady income. He's also attending college in his spare time, she said."By the summertime, he's really stressed out," she said. "And the kids are at home and after awhile they start to get a little cranky seeing each other all day. I find taking a vacation and doing something... (Fresno Bee -- Lifestyle)
Sci Fi becomes Syfy; how will viewers react? Jul 7, 2009
Circuit City was once the country's strongest electronics retailer; when it diversified with its Carmax used-car subsidiary, the lack of focus allowed Best Buy to take over the electronics market. Similarly, companies can lose the goodwill of its most devoted customers by being short-sighted, he says, noting that Starbucks suffered a backlash when it stopped serving decaffeinated coffee in the afternoons. (CNN -- Showbiz)
TSX Venture Exchange Closing Summary for June 30, 2009 Jul 1, 2009
010 2,333,000 Carmax Explorations Ltd. CMX $0. 025 $0. (CCNMatthews Press Releases)
Family questions man's death in police custody Jun 26, 2009
Abdul Abdulai fled from police at CarMax, died at Gwinnett Detention Center ... An employee at the CarMax on Beaver Ruin Road called authorities to report that a man going by the name Neel Kamal was attempting to purchase a BMW 550 using fraudulent identification, police said. (Atlanta Journal-Constitution -- Metro)
Thoroughbred Racing Campaign Runs Away With the Gold at Cannes International Advertising Festival Jun 25, 2009
Sole Gold Medal Award For Radio Ads Given To DeVito/Verdi For NTRA Commercials (Yahoo! Wire -- Entertainment News)
Lesser access for babies? Jun 24, 2009
CarMax CEO Tom Folliard, addressing shareholders yesterday in Henrico, outlined the tough conditions the chain has faced. CarMax Inc. CEO Tom Folliard told shareholders and employees yesterday that the automotive retailer is working its way through the economic downturn and is poised to rebound. (Yahoo News -- Child Welfare)
Techs Rise, Blue Chips Lose Ground Jun 20, 2009
eIBD Investor's Business Daily Digital Edition. Access recent eIBD issues easily. (Investors Business Daily)
CarMax 1Q Earns Fall, Still Tops View Jun 20, 2009
CarMax 1Q profit slips 2 ... FILE - In this April 1, 2009 file photo, a Dodge car sits on display at the CarMax store in ... FILE - In this April 1, 2009 file photo, a Dodge car sits on display at the CarMax store in Richmond, Va. (ABC News -- Wire)
Techs Lag While Others Rise Jun 20, 2009
CarMax () and Focus Media () will report earnings. 4:15 p.m. Update: Stocks End Mixed In Light Trade. (Investors Business Daily)
Rare Red Week Ends Mixed Jun 20, 2009
Carmax (KMX) surged nearly 17% after beating the Street with an adjusted-profit of 22 cents per share, topping estimates for a 4-cent-per-share profit. Apple (AAPL) saw its shares rise as the tech giants latest iPhone hit the shelves on Friday in the U.S. and seven other countries. (Fox News)
Earnings Preview: CarMax reports 1Q results Friday Jun 18, 2009
Car dealership chain CarMax Inc. reports earnings for its fiscal first quarter on Friday ... In April, CarMax said it couldn't offer a financial forecast for this fiscal year, citing unprecedented declines in traffic and sales and volatility in the credit market ... CarMax also said its total number of associates declined to about 13,000 at of the end of fiscal 2009 from a peak of about 16,400 in May 2008. (Yahoo News -- Press Releases)
Business Briefing Jun 16, 2009
-- Earnings report expected from CarMax. Send news of upcoming Bay Area business events to. (San Francisco Chronicle)
Earnings schedule for week of 6/15/09 Jun 16, 2009
CarMax Inc. reports first-quarter financial results. Related Searches. (Yahoo News -- Press Releases)
Berkshire invests in Wells Fargo, US Bancorp, J&J May 16, 2009
6 million shares of used car dealer Carmax Inc., leaving Berkshire with 12 million shares. Several other changes that were included in this latest filing had already been reported in Berkshire's first quarter earnings report and other SEC filings. (Anchorage Daily News)
CarMax plans to hire 50 at Kennesaw call center Apr 30, 2009
CarMax, the nation s largest used-car dealer, plans to hire 50 people at its financial call center in Kennesaw ... CarMax officials said the round of hiring is the result of a combination of new positions and filling vacancies. (Atlanta Journal-Constitution -- Business)
At annual meetings, perks are out, anger is in Apr 28, 2009
This year, CarMax Inc. is scaling back the number of glossy pages in its annual report. Kraft Foods Inc. is forgoing annual report printouts altogether and e-mailing the documents to shareholders instead a move Kraft says is greener and will save hundreds of thousands of dollars. (MSNBC -- Business)
Tax deadline brings out thousands of protesters Apr 16, 2009
The tea parties were promoted by FreedomWorks, a conservative nonprofit advocacy group based in Washington and led by former Republican House Majority Leader Dick Armey of Texas, a lobbyist whose corporate clients including Verizon, Raytheon, liquor maker Diageo, CarMax and drug company Sanofi Pasteur. The group's federal tax returns show its educational and charitable arms received more than $6 million in donations in 2007, the most recent year for which returns are available. (USA Today)
Pols take lumps at tea party Apr 16, 2009
Now a lobbyist, Armey's corporate clients include Verizon, Raytheon, liquor maker Diageo, CarMax and the drug company Sanofi Pasteur. The Tea Party was also promoted nationally by Fox News and other broadcasters, with conservative commentator Sean Hannity planning a broadcast from Atlanta. (Albany Times Union)
The Best Investing Opportunity in 35 Years Apr 9, 2009
His FBR Focus Fund (FBRVX) was down 34% in 2008, with holdings in American Tower (NYSE: AMT), Penn National Gaming (Nasdaq: PENN), and CarMax (NYSE: KMX) having taken hard hits ... eBay, CarMax, and Nokia are Inside Value choices. (MSNBC -- Business)
CarMax 4Q Profit Rises on Lower Expenses Apr 3, 2009
CarMax posts higher 4Q profit on lower expenses, financing arm results ... 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 ... A Dodge car sits on display at the CarMax store in Richmond, Va. (ABC News -- Wire)
Like a Virgin Megastore, shut for the very last time Mar 12, 2009
In 1996, the Wurtzel family gave up day-to-day control of Circuit City, which had grown to 400 stores nationally and $7 billion in sales annually, and had launched a side business in used cars called CarMax. America was soon lousy with 20,000-square-foot superstores topped by a bright red-and-white logo. (Salon)
Attention Single Men: Stop Trading So Much Mar 8, 2009
CarMax is an Inside Value pick. PepsiCo is an Income Investor selection. (MSNBC -- Business)
NEIGHBORS IN THE NEWS Feb 23, 2009
Berg is employed at CarMax auto sales and will continue her education at Skagit Valley College in Oak Harbor, Wash. Blahnik is enlisted in the U.S. Navy as an air traffic controller. (DeKalb Daily Chronicle, IL)
Mercedes-Benz Newsgroup, Offering Exclusive Inside Access to This Year's Mercedes-Benz Fashion Week Feb 21, 2009
Source: Mercedes-Benz USA. MONTVALE, N.J., Feb. 20 /PRNewswire/ -- To meet the growing need for more widely accessible press materials including runway shots and designer information, Mercedes-Benz created Newsgroup to provide extensive and complimentary Fashion Show coverage. (Yahoo! Wire -- Entertainment News)
Deals in store for retailers in Brevard Feb 20, 2009
Gander Mountain Co., a Minnesota-based outdoors chain, and car retailer CarMax are out, according to West Melbourne records. Rooms 00004000 To Go, which will move from its store farther east on U.S. 192, is still scheduled to move into a 39,960-square-foot store at the site. (Florida Today)
Warren Buffett's Priceless Investment Advice Feb 16, 2009
Over the years, Berkshire has owned household names such as Gap (NYSE: GPS), CarMax (NYSE: KMX), and The Washington Post ... Wal-Mart and CarMax are Inside Value selections. (MSNBC -- Business)
Buyer beware! Lifetime remains the single largest holdout service from doing a... Feb 14, 2009
Lifetime remains the single largest holdout service from doing a deal with the NCTC. Therefore your direct negotiation resembles buying a car (not a Saturn or CarMax either) - they will try and get all they can from you as no integrity exists in their pricing and packaging. Advertisement Advertisement. (Multichannel News)
