carmax earnings

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?

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.