Avis Budget has increased its offer for Dollar Thrifty, firing the latest salvo in its bidding war for Dollar with archrival Hertz. It’s a familiar pattern in the world of mergers and acquisitions, and the data shows that inter…
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%.
“We are pleased to report another quarter of solid increases in both used and wholesale…
Continue reading CarMax Earnings Rise to 48 Cents Per Share
CarMax Earnings Rise to 48 Cents Per Share originally appeared on DailyFinance on Wed, 22 Sep 2010 08:15:00.
Filed Under: Company News, Earnings, Autos, Retail
Recalling luxury cars to fix faulty hood ornaments might sound like a joke, but ultra high-end automaker Bentley Motors isn’t dismissing reports that its famous “flying B” metal emblem on some models may fail to collapse in a c…
China’s SAIC Motor is considering taking a stake in General Motors when the Detroit-based automaker begins its public offering of stock later this year. Though some Americans will likely object to foreign ownership, GM’s stakeh…
U.S. auto sales started off strong over the Labor Day holiday weekend, but have since dropped significantly, according to analysis by car-buying guide Edmunds.com.
Continue reading After Strong Start, U.S. Auto…