Yaxia Automobile Corp <002607.SZ> : Sees Q1 FY 2017 net profit to increase by 60.9 percent to 101.1 percent, or to be 20 million yuan to 25 million yuan . Says Q1 FY 2016 net profit was 12.4 million yuan .Comments that business growth and decreased financial expenses as reasons.
Carmax Inc : Carmax reports fourth quarter and fiscal year results . Q4 earnings per share $0.81 . Q4 earnings per share view $0.79 -- Thomson Reuters I/B/E/S . Q4 revenue $4.05 billion versus I/B/E/S view $3.91 billion . Carmax Inc - total wholesale unit sales declined 1.2% in q4 . Used unit sales in comparable stores increased 8.7% in q4 . Carmax Inc says estimate capital expenditures will total approximately $325 million in fiscal 2018 . Total used unit sales rose 13.4% in q4 . Carmax Inc says currently plan to open 15 stores in fiscal 2018 and between 13 and 16 stores in fiscal 2019 . Carmax Inc says for Q4 Carmax auto finance income declined 10.2% to $82.9 million compared to last year . Carmax Inc says decline in income for Carmax auto finance for Q4 was primarily due to a $15.4 million increase in provision for loan losses .Carmax - for Q4 continued to experience a headwind related to third-party tier 3 sales mix, which declined to 9.4% of used unit sales from 14.5% in prior year's Q4.
Auto Italia Holdings Ltd <0720.HK> : Subsequent to receipt of termination advice, group and Ferrari have been in discussion . Discussion regarding arrangements for purpose of ensuring a smooth and orderly transition of distribution business . Following negotiations and discussions, on 10 march 2017, group and ferrari entered into a term sheet .Term sheet concerning (among other matters) handling of existing Ferrari vehicle orders received by group.
AutoNation Inc - : AutoNation reports all-time record quarterly and all-time record full year earnings per share . Q4 earnings per share $1.14 from continuing operations . Q4 earnings per share view $0.96 -- Thomson Reuters I/B/E/S . Q4 revenue $5.5 billion versus I/B/E/S view $5.62 billion .AutoNation Inc says Q4 net income from continuing operations includes a $20 million after-tax gain, or $0.19 per share, related to a business divestiture.
Monro Muffler Brake Inc : Monro Muffler Brake, Inc. announces third quarter fiscal 2017 financial results . Q3 sales $288.3 million versus i/b/e/s view $275 million . Sees Q4 2017 earnings per share $0.39 to $0.44 . Sees Q4 2017 sales $262 million to $268 million . Q3 earnings per share view $0.52 -- Thomson Reuters I/B/E/ . Updates FY 2017 earnings per share outlook to $1.95 to $2.00 . Sees FY 2017 sales $1.032 billion to $1.038 billion . Q3 earnings per share $0.53 . FY2017 earnings per share view $2.07 -- Thomson Reuters I/B/E/S . Qtrly comparable store sales increased 2.3% . Signs definitive agreement to acquire 16 stores . Q4 earnings per share view $0.50 -- Thomson Reuters I/B/E/S . Qtrly comparable store sales increased approximately 6% for tires and were flat for maintenance services . Qtrly comparable store sales declined approximately 2% for alignments, 3% for brakes and 5% for front end/shocks . Has signed definitive agreement to acquire 16 stores from a Car-X franchisee, including 13 locations in Illinois, 3 locations in Iowa . New 16 stores are expected to add approximately $15 million in annualized sales and will continue to operate under Car-X brand . Fiscal 2017 comparable store sales guidance has been revised to a decline in range of 3.0% to 2.5% . Sees Q4 comparable store sales decline of 2.5% to 1.0% . Q4 earnings per share view $0.50, revenue view $269.7 million -- Thomson Reuters I/B/E/S.
Advance Auto Parts Inc:Elects Brad Buss and Reuben Slone to board of directors.Says appointments will be effective March 7, 2016.Says Buss recently retired as the chief financial officer of SolarCity Corporation.
Carchs Holdings Co Ltd:Says its Tokyo-based wholly owned subsidiary which is engaged in trading of second-hand cars, to merge with another Tokyo-based wholly owned subsidiary which is engaged in management of call center business, effective on April 1.Says the subsidiary engaged in management of call center business will be dissolved after the transaction.
Dogus Otomotiv Servis ve Ticaret AS:Says merger of Man Finansman and Volkswagen Dogus Finansman has been completed.After merger company's share in Volkswagen Dogus Finansman has not changed.
Dogus Otomotiv Servis ve Ticaret AS:Says decides to halt production in unit Meiller Doğuş Damper Sanayi.Says terminates employees' contracts working in the unit.Says distributorship of Meiller brand will be conducted by Dogus Otomotiv.Negotiations between partners are continuing on future status of Unit Meiller Doğuş Damper Sanayi.