Market Currents

• Tuesday, September 22, 2009

• 09:00 AM Premarket gainers: AIG +12%. DNN +9%. KMX +7%. HL +6%. HOV +6%. M +5%. FNM +5%. FRE +5%. NG +5%. CVM +4%. CIT +4%. CCL +4%. SLW +4%. ABK +4%. SOL +4%. AUY +4%. ETFC +4%.
  Losers: FSC -6%. AMR -5%. Comment!
• 08:20 AM Carmax (KMX): Q2 EPS of $0.36 beats by $0.18. Revenue of $2.08B (+12.9%) vs. $1.77B. Saw 'healthy increases' in both used and wholesale sales, due largely to Cash for Clunkers. Shares +8.4% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: CAG, CCL, FDS, KMX, RAIL Comment!

• Friday, June 19, 2009

• 09:00 AM Premarket gainers: ZZ +33%. SWHC +18%. ARM +10%. STSI +8%. KMX +7%. CCL +7%. FRO +7%. RCL +6%. HIG +5%. MDCO +5%. CTIC +5%. C +4%. CENX +4%. INSM +4%. AIG +4%. LIZ +4%. AAUK +4%. MPEL +4%. FEED +4%. SOA +4%. GOLD +4%. ESLR +4%.
  Losers: ETFC -15%. TSFG -12%. TNK -11%. HPT -4%. Comment!
• 08:34 AM Carmax (KMX): Q1 EPS of $0.11 beats by $0.07. Revenue of $1.83B (-17%) vs. $1.72B. Shares +8.5% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Friday's open: KMX Comment!

• Wednesday, May 13, 2009

• 14:38 PM With aggressive new-car incentives driving prices down, the price gap between new and old cars isn't what it used to be, which doesn't bode well for Carmax (KMX) in the short-term. KMX -8.5% to $10.70. Comment!

• Thursday, April 2, 2009

• 08:37 AM CarMax (KMX): Q4 EPS of $0.17 beats by $0.15. Revenue of $1.47B (-27.9%) vs. $1.62B. Traffic declined by 26%; conversions slipped slightly. Avg. used vehicle price fell by 7%. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: KMX, MON, RAD Comment!

• Friday, December 19, 2008

• 00:05 AM Notable earnings before Friday's open: CTAS, JBL, KMX Comment!

• Wednesday, October 1, 2008

• 15:06 PM Carmax (KMX) -5.7%. It's chopping more than 600 jobs, partly in response to weak sales. Comment!

• Monday, September 22, 2008

• 07:58 AM Carmax (KMX): Q2 EPS of $0.06 misses by $0.02. Revenue of $1.8B (-13.2%) vs. $1.9B. [PR] Comment!
• 00:05 AM Notable earnings before Monday's open: KMX Comment!

• Wednesday, August 6, 2008

• 11:59 AM Carmax (KMX -5.4%) sees same-store sales plunge 17% in June/July, sending shares down as much as 11%. It blames gas prices. Options traders seemed to know something was cooking. Comment!

• Wednesday, June 18, 2008

• 07:47 AM Carmax (KMX -10%) FQ1 EPS of $0.13 misses consensus of $0.22. Revenue of $2.21B (+2.9%) vs. $2.28B. Sales continue to slow; if the trend continues, full-year earnings will fall way short. Suspends guidance. [PR] Comment!