CarMax

5 Things to Watch on Wall Street This Week

From a pair of office furniture companies reporting to a popular used-car seller showing off its showroom, here are five things that will shape the week ahead on Wall Street.

U.S. Stocks Lower but Less Volatile

Wall Street steadied after a two-day plunge caused by news that the Federal Reserve was getting ready to wind down its massive bond-buying program by mid-2014.

What to Watch This Week: Race Cars, Used Cars, 3-D and Retail

Here are some of the items that will help shape the week that lies ahead on Wall Street: Consumer electronics retailer Conn's reports; Titanic returns in 3-D; motorsports promoter International Speedway will see profits stall, and used-car seller CarMax checks under the hood.

What Was Wall Street Thinking Last Week?

Why was Netflix appealing for help with lobbying Congress to its alienated users? Why did Carmax report lower-than-expected results when its business model is made for hard times? Why were sick people and dead fish turning up around a JinkoSolar plant in China? And why is HP laying off hundreds of employees if it wants to find a buyer for Palm?

Week in Preview: Earnings, March Jobs Report

The quarter winds down this week and reports due out include Apollo Group, Carmax and Krispy Kreme. But analysts surveyed by Thomson Reuters have high hopes for results from fertilizer and animal feed maker Mosaic, apparel maker Phillips Van Heusen and discount retailer Family Dollar.

CarMax Earnings Rise to 48 Cents Per Share

CarMax Inc (KMX) reported quarterly earnings of 48 cents per share, up from 46 cents per share a year earlier. Net sales rose 13% to $2.34 billion, from $2.08 billion a year earlier, the company said in a statement. Comparable store used unit sales rose 4%, with total used unit sales rising 5%.

CarMax Earnings Zoom as Sales Increase

CarMax (KMX) reported Wednesday that profits rose during its fiscal first-quarter on healthy increases in vehicle sales. In the three months ending May 31, CarMax said it earned $101.1 million, or 44 cents a share, compared to $28.7 million, or 13 cents a share, a year ago.