On Monday, Shares of CarMax, Inc (NYSE:KMX), lost -1.79% to $52.53.
CarMax, stated results for the third quarter ended November 30, 2015.
- Net sales and operating revenues raised 4.1% to $3.54 billion.
- Used unit sales in comparable stores declined 0.8%.
- Total used unit sales rose 3.2%.
- Total wholesale unit sales raised 3.4%.
- CarMax Auto Finance (CAF) income raised 2.9% to $92.3 million.
- Net earnings declined 1.4% to $128.2 million, while net earnings per diluted share rose 5.0% to $0.63.
“We had a challenging sales quarter, which together with higher advertising expenses, contributed to the year-over-year decline in third quarter net earnings. However, we continued to grow both total revenues and EPS, reflecting the contributions from new stores and continued share repurchase activity,” said Tom Folliard, president and chief executive officer.
CarMax, Inc., through its auxiliaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, counting domestic and imported vehicles; sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and provides extended protection plans to customers at the time of sale.
Shares of Paypal Holdings Inc (NASDAQ:PYPL), inclined 3.14% to $36.08, during its last trading session.
Launching its first major brand campaign as an independent company, PayPal Holdings Inc. (Nasdaq:PYPL), a leader in global payments, will unveil a 45-second television commercial on Sunday, February 7 during the 1st quarter of pro football’s legendary championship game. This buy marks the first time PayPal will advertise during television’s most-watched event.
Super Bowl® number 50 will take place this year in the heart of Silicon Valley in the San Francisco 49ers Levi’s Stadium in Santa Clara, Calif., where PayPal and other technology companies work to transform the everyday lives of people around the world. As an industry leader with a powerful message to share, PayPal seized the opportunity to choose this historic, local event to launch its global brand advertising campaign that simultaneously provides a national platform to reach a broad audience.
“This ad is more than a commercial – it’s our opportunity to introduce the world to PayPal’s vision for the future of money – to empower people and businesses to move and manage money securely, efficiently and affordably,” said Greg Fisher, PayPal Vice President of Global Brand Marketing. “The launch of this ad is just the starting of our new brand campaign designed to start a larger conversation about a reimagined financial world that must comprise everyone.”
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, in addition to at offline retail locations through a range of payment solutions across company’s payments platform, counting PayPal, PayPal Credit, Venmo, and Braintree products.
Finally, Atwood Oceanics, Inc. (NYSE:ATW), ended its last trade with -4.17% loss, and closed at $10.33.
Atwood Oceanics, declared that auxiliaries of the Company have agreed with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to delay the Company`s requirement to take delivery of two newbuild ultra-deepwater drillships, the Atwood Admiral and the Atwood Archer, to September 30, 2017 and June 30, 2018, respectively.
In consideration of the agreement, the Company will make payments of $50 million for each drillship on December 31, 2015, and DSME will extend all remaining milestone payments, $93.9 million for the Admiral and $305 million for the Archer, until their respective delivery dates. The Company retains the option to take earlier delivery of each vessel, subject to a forty-five (45) day notice period to DSME.
Atwood Oceanics, Inc. is a leading offshore drilling contractor engaged in the drilling and completion of exploratory and developmental wells for the global oil and gas industry. The Company presently owns 11 mobile offshore drilling units and is constructing two ultra-deepwater drillships. The Company was founded in 1968 and is headquartered in Houston, Texas. Atwood Oceanics, Inc. common stock is traded on the New York Stock Exchange under the symbol “ATW.”
Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells worldwide. As of November 10, 2015, it owned a fleet of 11 mobile offshore drilling units, in addition to 2 ultra-deepwater drill ships under construction.
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