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J.P. Morgan Maintains Neutral Rating On Car Max Inc. (KMX)
Thursday, June 24, 2010 - 6:44pm | 90J.P. Morgan has released a research report on Car Max Inc (NYSE: KMX), where its analysts have maintained a ‘Neutral’ rating on the company's shares. The stock has been given a price target of $26 and is currently trading around $21.34. According to J.P. Morgan analysts, the company’s first-...
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CarMax Surprises Analysts With EPS Estimates; JP Morgan (KMX)
Thursday, June 24, 2010 - 10:09am | 126Wednesday morning, CarMax, Inc (NYSE: KMX) surprised analysts with a F1Q11 EPS of $0.45, well above JP Morgan's estimate of $0.35 and consensus of $0.33. CarMax is a retailer of used cars, operating 100 used car superstores in 46 metropolitan markets. This EPS growth was driven by an increase in...
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A Peek Into The Market At The Start Of The Trading
Thursday, June 24, 2010 - 9:36am | 470Pre-open US stock futures fell today on investor concerns regarding jobless claims and the durable-goods data. While futures on the Dow Jones Industrial Average slipped 56 points to 10183, those on the S&P 500 lost 5.5 points to 1081.9. Meanwhile, Nasdaq 100 futures declined 14.75 points to...
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Top Narrow Based Indexes for June 23 (MED, KMX, CYH)
Wednesday, June 23, 2010 - 1:52pm | 188By 12:02 pm, the Dow Jones Industrial Average was down 35.14 points, or 0.34%, to 10,258.38, while the broader Standard & Poor's 500 index had lost 6.94 points, or 0.63%. The NASDAQ composite index had climbed 14.24 points, or 0.63%. Some of the narrow based indexes that are driving the market...
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Late Market Roundup (KMX, ADBE, RIMM, JPM, GS)
Wednesday, June 23, 2010 - 1:50pm | 284Shares of CarMax (NYSE: KMX) soared about 9% after the company reported better-than-expected Q1 results. KMX posted a threefold increase in profit for the first quarter. Chief executive Tom Folliard said, "Sales execution remained strong, as our stores were able to maintain the recent gains in the...
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Top Performing Industries For June 23 (JBL, RUK, KMX, PM)
Wednesday, June 23, 2010 - 12:39pm | 223At 11:41 am, the Dow lost 28.79 points, or 0.28%, to 10,264.73, the broader Standard & Poor's 500 index moved down 5.90, or 0.54%, to 1,089.41 and the NASDAQ composite index fell 13.33, or 0.59%, to 2,248.47. The industries that are driving the market today are: Printed Circuit Boards: The top...
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Benzinga's After Hours Gainers (JBL, KMX, SONC)
Tuesday, June 22, 2010 - 5:51pm | 224U.S. equity markets were hit hard today, as the Dow Jones Industrial Average fell nearly 149 points to close at 10,293.52. Among the stocks that are gaining ground in the after hours this evening are Sonic Corp (NASDAQ: SONC), Jabil Circuit (NYSE: JBL), and CarMax (NYSE: KMX). Shares of Sonic (...
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AutoZone And Apple To Perform Strongly (AZO, AAPL)
Tuesday, June 22, 2010 - 3:21pm | 125Tom Anderson, an associate editor with Kiplinger’s Personal Finance, is enthusiastic about stocks, and he shared his top picks with CNBC. He first expressed his preference for AutoZone (NYSE: AZO), stating that the company caters to DIYers and car enthusiasts. He also added, “There’s also an...
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Goldman Sachs Cuts CarMax Price Target to $22 (KMX)
Monday, June 21, 2010 - 9:07am | 129Goldman Sachs cut its price target on CarMax Inc. (NYSE: KMX) to $22 from $24 this morning. Goldman, which maintains a Sell rating on CarMax, lowered its target amid concerns "that Street forecasts are not accounting for sufficient EBIT margin compression off peak levels." Noting that "valuation...
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What is Warren Buffett Buying and Selling?
Saturday, June 19, 2010 - 10:46pm | 286Warren Buffett, head of Berkshire Hathaway (BRK-A) (BRK-B), is one of the three richest people in the world and a top trader and investor. The latest SEC report came out on Berkshire and shows his latest moves as of the end of March. What is most significant about this list is not what he is buying...
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Benzinga’s Top Downgrades (IGT, DWA, BHP, AN)
Wednesday, June 16, 2010 - 7:23am | 154International Game Technology (NYSE: IGT) was downgraded by Goldman Sachs from “neutral” to “sell.” IGT’s shares closed at $19.59 yesterday. International Game Technology’s quarterly earnings tumbled 97.95%. Goldman Sachs downgraded DreamWorks Animation SKG Inc (NASDAQ: DWA) from “buy” to “neutral...
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Celgene Presents Revlimid Data - Analyst Blog
Monday, June 14, 2010 - 3:15pm | 487Recently, Celgene Corp. (CELG) announced positive results from the planned second interim analysis of a late-stage study (n=459) of continuous Revlimid (lenalidomide) for treating patients, aged 65 or more, suffering from newly diagnosed multiple myeloma. The data, presented during the European...
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Deutsche Bank Positve on O'Reilly Automotive (ORLY)
Monday, June 14, 2010 - 9:16am | 116Deutsche Bank analysts Mike Baker and Adam Sindler increased long term earnings power assumptions on higher sales and margin expectations for O'Reilly Automotive (NASDAQ: ORLY). "They key to our positive outlook on O’Reilly Auto Parts is improving the productivity at acquired stores. We believe...
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Benzinga’s Top Pre-Market Losers (AZO, PGN, NEM, LULU)
Thursday, June 10, 2010 - 9:04am | 149AutoZone Inc (NYSE: AZO) tumbled 0.84% to $187 in the pre-market session. Analysts at Credit Suisse downgraded AZO from “outperform” to “neutral.” Progress Energy Inc (NYSE: PGN) fell 0.76% to $38 in the pre-market session. PGN can expect a decrease in its monthly bills later this year as it has...
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Benzinga’s Top Downgrades (AEG, ANDS, AZO, PNM)
Thursday, June 10, 2010 - 8:40am | 143Aegon (NYSE: AEG) was downgraded by Keefe Bruyette from “outperform” to “market perform.” AEG’s shares closed at $5.23 yesterday. Aegon’s earnings have dipped 16.32% over the past 5 years. JMP Securities downgraded Anadys Pharmaceuticals Inc (NASDAQ: ANDS) from “outperform” to “market perform.”...