Archive for October, 2008

23 October

CarMax a Sell in Near Term (Zacks.com)

23 October

GeNOsys, Inc. Reports Recent Developments and Third Quarter 2008 Financial Results (Marketwire)

23 October

CarMax reviews its lenders (at Richmond Times-Dispatch)

23 October

Wal-Mart Goes Even Bigger Box – With Cars (at Minyanville.com)

How ’bout a Toyota with that toilet paper?

23 October

CarMax considers less lending from its finance arm (AP)

Auto retailer CarMax Inc. said Wednesday it is considering shifting lending from its financing arm to outside lenders in order to reduce the impact of the credit crunch on the company’s profits.

23 October

AutoNation and GM: Short Interest Is High (at Seeking Alpha)

23 October

Penske Automotive Group to Host Third Quarter Earnings Conference Call (Business Wire)

BLOOMFIELD HILLS, Mich.—-Penske Automotive Group, Inc. , an international automotive retailer, will host its third quarter financial results conference call as follows: WHEN: Thursday, October 30, 2008 TIME: 2:00 p.m.

23 October

Ahead of the Bell: CarMax traffic remains weak (AP)

Traffic at CarMax Inc. outlets remains weak, an analyst said Wednesday morning, making the automotive retailer “a tough story for the bulls to defend.”

23 October

CarMax considers using outside lenders (at Richmond Times-Dispatch)

23 October

AutoNation shares decline following downgrade (AP)

Shares of AutoNation Inc. declined on Monday after Standard & Poor’s Equity Research downgraded the auto retailer, citing the weak vehicle market.