News: Carmax Inc (KMX)

KMX on New York Consolidated

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24 Oct 2014
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Tue, Sep 23 2014

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Tighter subprime lending hurts used-car retailer CarMax

- CarMax Inc , the largest U.S. used-car retailer, reported a lower-than-expected quarterly profit as growth in comparable unit sales at its used-car lots slowed to a near halt, hurt by tighter lending norms that kept subprime customers at bay.

UPDATE 2-Tighter subprime lending hurts used-car retailer CarMax

Sept 23 - CarMax Inc, the largest U.S. used-car retailer, reported a lower-than-expected quarterly profit as growth in comparable unit sales at its used-car lots slowed to a near halt, hurt by tighter lending norms that kept subprime customers at bay.

UPDATE 1-CarMax hurt by slower growth in unit sales at used-car stores

Sept 23 - CarMax Inc, the largest U.S. used-car retailer, reported a lower-than-expected quarterly profit as growth in comparable unit sales at its used car lots slowed to a near halt.

CarMax revenue rises 11 pct as used car sales increase

Sept 23 - CarMax Inc, the largest U.S. used car retailer, reported a 11 percent rise in quarterly revenue as easier availability of credit boosted car sales.

Stewart's lethal accident could cause NASCAR sponsors to rethink deals

WASHINGTON, Aug 12 - NASCAR driver Tony Stewart's involvement in a fatal on-track accident over the weekend may wave a caution flag for the big-money corporate sponsors backing the three-time champion's team, industry analysts said.

Consumer groups seek FTC probe on CarMax for "deceptive" ads - NYT

June 24 - Used-car retailer CarMax Inc's advertisements promising its vehicles undergo quality checks are deceptive as it does not fix cars recalled by automakers before reselling them, 11 consumer groups said in a petition to the U.S. Federal Trade Commission, the New York Times reported.

DIARY-U.S. MEETINGS/WEEK AHEAD

THOMSON REUTERS, June 23,2014 - Corporate Meetings for US companies for Week ahead. S&P 500 Earnings - Weekly S&P 500 Earnings - Day Ahead Non S&P 500 - Weekly Non S&P 500 - Day Ahead ConferenceCall/Webcast - Weekly ConferenceCall/Webcast - Day S&P 500 Earnings - Monthly Meetings - Day Ahead Economic Indicators Dividends Daily earnings hits & misses Federal Res

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