Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (1777)	3/14/2007 12:30:32 PM
From: RockyBalboa	Respond to of 6370

Thanks, I see, being there Message 23344189 ACF is therefore also a target... and hog

To: The Reaper who wrote (1777)	6/18/2008 7:53:34 AM
From: RockyBalboa	Respond to of 6370

KMX reported today; draw your own conclusions. Stock is down a lot. The problem is in the Auto Finance part, and in somewhat slower car sales. Press Release Source: CarMax, Inc. CarMax Reports First Quarter Results Wednesday June 18, 7:35 am ET RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX - News) today reported results for the first quarter ended May 31, 2008. -- Total sales increased 3% to $2.21 billion from $2.15 billion in the first quarter of last year. This increase was led by a 6% increase in used vehicle revenues. -- Comparable store used unit sales rose 1% for the first quarter. -- Total used unit sales grew 10% for the first quarter. -- Net earnings decreased 55% to $29.6 million, or $0.13 per diluted share, compared with $65.4 million, or $0.30 per diluted share, earned in the first quarter of fiscal 2008. -- Earnings for the first quarter of fiscal 2009 were reduced by $0.06 per share for higher funding costs related to CarMax Auto Finance (CAF) loans originated in prior fiscal years and by $0.02 per share for accruals related to litigation.