(ALV) Auto Industry – Industry Outlook
OPPORTUNITIES The industry is very concentrated, with the top 8 global auto companies having more than 90% of global revenues and the top 50 global auto parts companies having 80% of global revenues...
View Article(KMX) Earnings Preview for CarMax
CarMax (KMX) will release its sales and earnings results for the second quarter of fiscal 2010 ended August 31, 2009 on September 22. The Richmond, VA-based used car retailer reported earnings of 11...
View Article(F) Economic Activity Continued to Stabilize in July and August
There were no surprises in the latest Beige Book. The Fed’s periodic report proclaimed, “Economic activity continued to stabilize in July and August.” This statement confirmed the data provided by...
View Article(AZO) Earnings Preview for Sep 21 – 25 – Earnings Preview
We will get another look at initial third-quarter results with 11 S&P 500 companies reporting. Included in this group are AutoZone (AZO), Bed, Bath & Beyond (BBBY), General Mills (GIS), KB Home...
View Article(KMX) CarMax’s Profits Shoot Up
CarMax (KMX) witnessed a net income of $103 million or 46 cents per share in the second quarter of fiscal 2010 ended August 31, 2009. This was a staggering rise from the Zacks Consensus Estimate of 18...
View Article(PCE) “Cash For Clunkers” Spending Takes from Savings
In August, personal income rose by $19.3 billion, or 0.2%, and disposable personal income (or DPI, essentially after-tax income) rose by $15.5 billion, or 0.1%. The increase in personal income is...
View Article(FSYS) The Return of the Living Dead – Zacks Industry Rank Analysis
Industry Rank Analysis 11-11-09 OK, Halloween is over, but some of the best-looking industries according to the Zacks Rank are those that not long ago were considered part of the living dead. Case in...
View Article(F) Consumer Price Index Up on Cars and Energy
The Consumer Price Index (CPI) for October rose by 0.3%, a little bit hotter than the 0.2% that was expected. If one strips out volatile food and energy prices to get the core consumer price index,...
View Article(KMX) CarMax’s Earnings Report Clears Estimates
CarMax Inc. (KMX) showed a net income of $48.8 million or 26 cents per share (excluding special items) in the fourth quarter of its fiscal year 2010 ended February 28, 2010 compared to $38.5 million or...
View Article($KMX) March Retail Sales Are Robust!
The U.S. consumer was quoting from “Monty Python and the Holy Grail,” loudly declaring that “I’m not dead yet” in March. Total retail sales rose by 1.6% in March, a sharp acceleration from the 0.5%...
View Article(XOM) Inflation “Chicken Littles” Have Been Wrong
The Consumer Price Index rose just 0.1% in March, after being unchanged in February and rising 0.2% in January. Over the last year, it is up 2.3%. If one strips out food and energy costs, prices were...
View Article(KMX) CarMax Beats Earnings Expectations on Used Vehicle Sales
CarMax Inc. (KMX) showed a profit of $107.9 million or 48 cents per share in the second quarter of its fiscal 2011, beating the Zacks Consensus Estimate of 40 cents per share. The profit was slightly...
View Article(KR) Consumer Price Index Report is Tame for September
The Consumer Price Index (CPI) rose by just 0.1% in September, down from increases of 0.3% in August and July. Year over year it is up just 1.1%. Almost all of the increase was due to energy prices,...
View Article(KR) U.S. Consumer Price Index Calm
The Consumer Price Index (CPI) rose by just 0.2% in October, up from 0.1% September, but down from increases of 0.3% in August and July. Year over year, it is up just 1.2%. Almost all of the increase...
View Article(KR) Consumer Price Index Report – Inflation Still Tame
The Consumer Price Index (CPI) rose by just 0.1% in November, down from 0.2% October. Even with the 0.1% increase in September, year over year it is up just 1.1%. Energy prices, were surprisingly well...
View Article(AAPL) Company News for December 21, 2010 – Corporate Summary
• Toronto-Dominion (NYSE:TD) announced plans to acquire Chrysler Financial for $6.3 billion • Royal DSM said it would acquire Martek Biosciences (NASDAQ:MATK) for $1.09 billion, or $31.50 per share •...
View Article(AAPL) Company News for December 21, 2010 – Corporate Summary
• Toronto-Dominion (NYSE:TD) announced plans to acquire Chrysler Financial for $6.3 billion • Royal DSM said it would acquire Martek Biosciences (NASDAQ:MATK) for $1.09 billion, or $31.50 per share •...
View Article(KMX) CarMax Surpasses Quarterly Earnings Estimates
CarMax Inc. (KMX) posted a profit of $82.4 million or 36 cents per share in the third quarter of its fiscal 2011, barely surpassing the Zacks Consensus Estimate of 34 cents per share. The profit was...
View Article(KMX) CarMax Third Quarter 2011 Earnings Scorecard
CarMax Inc. (KMX) reported its earnings for the third quarter of its fiscal year 2011, ended November 30, 2010, on December 21, 2010, barely surpassing the Zacks Consensus Estimate by 2 cents per...
View Article(KMX) U.S. January Retail Sales Disappoint Analysts
Retail Sales were weaker than expected in January. Total retail sales rose 0.3%, below the 0.5% consensus expectation, and are up 7.8% from a year ago. December was revised down from 0.6% growth to...
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