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Wednesday, April 7, 2010 as of 11:14 AM ET

CarMax

CarMax is the United States' largest used-car retailer and a Fortune 500 company. The first CarMax was started in September 1993. As of August 2010 the company has 103 locations.

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Services Sector Wrap

During trading today, the Services sector ( IYC ) showed little change while the S&P 500 fell 0.

1%.The ETF, as a proxy for the sector, tracked farther from the overall market today than over the past month. Entering today's trading, IYC was up 3.4% over the last thirty trading days while the S&P 500 climbed 3%.Bed Bath & Beyond Inc. ( BBBY ) was a significant gainer in the sector, rising 8.5%. The stock closed at $71.85 with 10.6 million shares moving. The stock traded in a range of $69.19 to $72.75. Share price is up, having risen $10.11 (16.4%) from $61.74 on March 7, 2012. The Chefs Warehouse, Inc ( CHEF ) also gained today, climbing $1.23 (+5.7%) to close at $22.73.Carmike Cinemas, Inc. ( CKEC ) was a major loser in the sector, falling 8.4% (-$1.22) to close at $13.31 with 1.9 million shares moving. The stock traded between $12.85 and $13.90.Whole Foods Market, Inc. ( WFM ) rose 2.6% to close at $83.67, cross its 50-day moving average of $82.74 and 200-day moving average of $74.11....

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  1. CarLotz: Consignment Store for Cars

    CarLotz is a physical used car marketplace that operates as a consignment shop for cars

  2. CarMax 2Q Net Rises, But Misses Views

    Used-car dealership CarMax (NYSE:KMX) reported a 3.7% rise in fiscal second-quarter earnings thanks to an increase in sales of used and wholesale vehicles, the compa...

  3. Stocks Slide Amid Dimmer Economic Outlook From Fed

    FOX Business: The Power to ProsperWall Street ended the day in the red, with the Dow snapping a four-day winning streak, after the Federal Reserve said it expects th...

  4. Quiet End to Tumultuous Quarter for Wall Street

    FOX Business: The Power to ProsperThe first quarter was a dizzying rollercoaster ride for the markets.  The Dow soared as much as 7% by February 18, gave back all of...

  5. CarMax 4Q Profit Up 19% On Higher Sales, Topping Views

    CarMax (NYSE:KMX) drove its fiscal fourth-quarter profits 19% higher as the No. 1 U.S. used-car retailer enjoyed stronger-than-expected sales.Richmond, Va.-based Car...

  6. Stocks Seesaw as Traders Eye Oil, Data

    FOX Business: The Power to ProsperThe markets bounced between positive and negative territory as traders mulled climbing oil prices and data pointing to continued re...

  7. Are Unions Holding Back Detroit’s Recovery?

    CarMax Co-Founder Austin Ligon argues unions aren't the only factor that has held auto manufacturers back in recent months.

  8. M&A, Earnings Spark Solid Rally on Wall Street

    FOX Business: The Power to ProsperEncouraged by a slew of M&A activity and earnings beats from Adobe and others, the bulls lifted Wall Street solidly higher on Tuesd...

  9. Producer Price Index Rises in October

    FBN's Connell McShane breaks down the data for wholesale inflation in October.

  10. GM to Announce New IPO Price Range

    FBN's Connell McShane on General Motors' plans to announce the price range for its IPO in an SEC filing.

  11. Buffett sells Carmax , Republic, Home Depot stakes

    NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway <BRKa.N> no longer held stakes in used car retailer Carmax <KMX.N>, home improvement retailer Home Depot <HD...

  12. CarMax : We Want to Put People to Work

    CarMax Location General Manager Jahnavi Chengappa on fueling growth for new stores.

  1. Seagate Technology, Constellation Brands Among Stocks Down on Above-average Volume Thursday

    A few stocks are down on high volume today:Seagate Technology (NASDAQ:STX) is trading down on a volume of 21.5 million, or 2.6 times its normal daily volume. Shares ...

  2. The 5 Lowest-Tax States for New Businesses

    Tax Foundation President Scott Hodge on the states with the best and worst tax environments for businesses.

  3. Positive Signs in the Economy

    Deutsche Bank Advisors Chief Economist Josh Feinman argues that U.S. data has improved in recent months.

  4. Nike Up; Walgreen, CarMax , Expedia Drop

    Drugstore chain Walgreen Co. and car retailer CarMax Inc. were among the decliners in the retail sector on Wednesday after their quarterly results missed Wall Street...

  5. Patient, Long-Term Perspective a Key Strategy for Investors

    Ivy Mid-Cap Growth Fund Manager Kimberly Scott on developing an investment strategy for long-term growth.

  6. Airlines Face $27,500 Charges Per Passenger Under ‘Tarmac Rule’

    FlyersRights.org Executive Director Kate Hanni on the FAA investigating airlines stranding planes for hours during the recent snow storm.

  7. 10 Auto-Related Stocks That Could Benefit from Slow Sales

    Alan Brochstein investigates 10  Auto-Related Companies With Potential to Do Well in a Weak EconomyIn early August, I discussed  several potential beneficiaries of a...

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