Used car dealerships are not legally required to get repairs done to cars before selling them.» Read More
DETROIT— It's a case of buyer beware, with potentially dangerous consequences. More than 46 million cars and trucks on the road in the U.S.— about one-fifth the total— were recalled because of safety defects but never repaired, according to a study by Carfax, a company that sells vehicle history reports. "It's a very major public safety problem," says Chris Basso, a...
Stocks rose on Friday, after the S&P 500's best two-day streak in years.
Companies making headlines before the bell Friday.
CarMax on Friday reported profit of $130 million in its fiscal third quarter.
Dec 19- CarMax Inc, the largest U.S. used-car seller, reported a 16 percent rise in quarterly revenue as easier availability of credit helped it sell more pre-owned vehicles at higher prices. CarMax said its used vehicle sales rose 17 percent in the third quarter ended Nov. 30, accounting for more than three-quarters of the company's total revenue.
Dec 19- CarMax Inc, the largest used-car seller in the United States, reported a 16 percent rise in quarterly revenue as easier availability of credit boosted car sales. Net income rose to $130 million, or 60 cents per share, from $106.5 million, or 47 cents per share, a year earlier. CarMax, which also sells new cars, said its used car sales rose 14 percent to 139,158 units.
U.S. stock index futures signaled a higher open following Thursday's rally, which saw the Dow industrial average climb to a three-year high.
With low oil prices causing fear in investors, Jim Cramer spells out the opportunities that could be hidden in the market next week.
An analysis shows that many retailers actually see sales decline when oil prices fall. That may not be the case this time around.
Some of Monday's midday movers:
Some of the names on the move ahead of the open.
EPS $1.30- $1.32 vs prior forecast $1.36- $1.38. *Shares of rivals AutoNation, Penske, others also fall. Shares of rivals AutoNation Inc fell 5 percent, also erasing its gains this year.
The Russell 2000 hit the death cross on Monday, but one market pro said there are still opportunities to be found in small-cap stocks.
Given negatives in the market, it only makes sense to revisit investments. Should you stay the course?
Check out which companies are making headlines after the bell Tuesday:Bed Bath & Beyond, Viacom, Starbucks & more.
NEW YORK, Sept 23- U.S. stocks fell on Tuesday, with consumer staples leading the S&P 500 down to its third straight daily loss, as investors grew concerned about the pace of global economic growth.
NEW YORK, Sept 23- U.S. stocks were modestly lower on Tuesday, with the S&P 500 on track for its third straight daily decline as investors digested signs of slowing global growth. Wall Street's losses tracked Europe, which was down after data showed a contraction in French business activity and slower growth in German manufacturing this month.
Some of Tuesday's midday movers:
The United States and Arab allies bombed Syria for the first time on Tuesday, killing scores of Islamic State fighters and members of a separate al Qaeda- linked group, opening a new front against militants by joining Syria's three-year-old civil war. AbbVie has agreed to a deal to acquire Shire, which fell 1.9 percent to $251.38 in New York.
Sept 23- CarMax Inc, the largest U.S. used-car retailer, reported a lower-than-expected quarterly profit as growth in comparable unit sales at its used-car lots slowed to a near halt, hurt by tighter lending norms that kept subprime customers at bay.