On Thursday, Digital Ally Inc. (NASDAQ:DGLY)’s shares gained 10.14%, and closed at $13.68.
On Good Friday, The PGA TOUR and the Kansas City Crusaders, the host organization of the Web.com Tour’s Kansas City-area event, declared at a press conference a five-year contract naming Digital Ally, the tournament’s new title sponsor, effective right away and running through 2019.
Under the terms of the contract, the Midwest Classic has been officially renamed the Digital Ally Open.
Digital Ally, Inc. produces digital video imaging and storage products for use in law enforcement, security, and commercial applications in the United States and internationally. Digital Ally, Inc. is headquartered in Lenexa, Kansas.
Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)’s shares jumped 9.28%, and settled at $8.71, during the last trading session on Thursday, as last Wednesday, Sportsman’s Warehouse Holdings, Inc., declared financial results for the thirteen and fifty-two weeks ended January 31, 2015.
For the thirteen weeks ended January 31, 2015:
- Net sales raised by 5.6% to $185.6 million from $175.7 million in the fourth quarter of fiscal 2013. Same store sales reduced by 5.3%. Revenue from operations reduced to $14.1 million from $16.4 million in the fourth quarter of fiscal 2013. Adjusted revenue from operations, which excludes an accrual with respect to a litigation matter, was $18.1 million as contrast to $16.4 million in 2013, a raise of 10.4%. The Corporation ended the quarter with 55 stores in 18 states, a unit raise of 17.0% from the end of the fourth quarter of fiscal 2013.
- Interest expense raised to $9.0 million from $5.6 million in the fourth quarter of fiscal 2013. Not including the $5.7 million in refinance related costs incurred during the fourth quarter of fiscal 2014, interest expense reduced by 41.1% contrast to the fourth quarter of fiscal year 2013 to $3.3 million.
- Net revenue was $3.2 million contrast to $7.4 million in the fourth quarter of fiscal 2013. Adjusted net revenue, which excludes an accrual with respect to a litigation matter and expenses related to refinancing their term loan in the fourth quarter of 2014, net of taxes, was $9.1 million contrast to adjusted net revenue of $7.4 million for the fourth quarter of fiscal 2013.
- Diluted earnings per share was $0.08 contrast to diluted earnings per share of $0.22 in the fourth quarter of fiscal 2013. Adjusted diluted earnings per share, was $0.22 contrast to adjusted diluted earnings per share of $0.18 in the fourth quarter of fiscal 2013.
- Adjusted EBITDA was $21.6 million contrast to $19.3 million in the fourth quarter of fiscal 2013.
Sportsman’s Warehouse Holdings, Inc., together with its auxiliaries, operates as an outdoor sporting goods retailer in the United States. The corporation offers camping products, counting backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and clothing products comprising camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.
At the end of Thursday’s trade, CarMax Inc. (NYSE:KMX)’s shares climbed 9.27%, and closed at $74.73, hitting new 52-week high of $75.40, after CarMax Inc., stated record results for the fourth quarter and fiscal year ended February 28, 2015.
- Net sales and operating proceeds raised 14.2% to $3.51 billion in the fourth quarter. For the fiscal year, net sales and operating proceeds raised 13.5% to $14.27 billion.
- Used unit sales in comparable stores raised 7.0% in the fourth quarter and 4.4% in the fiscal year.
- Total used unit sales rose 12.4% in the fourth quarter and 10.5% in the fiscal year.
- The company’s data indicates that in their markets, they raised their share of the 0-10 year old used car market by about 5% in calendar year 2014.
- Total wholesale unit sales raised 12.3% in the fourth quarter and 9.8% in the fiscal year.
- CarMax Auto Finance (CAF) revenue raised 11.8% to $90.4 million in the fourth quarter. For the fiscal year, CAF revenue rose 9.3% to $367.3 million.
- Net earnings raised 44.3% to $143.1 million in the fourth quarter and 21.3% to $597.4 million for the fiscal year. Net earnings per diluted share rose 52.3% to $0.67 per share in the fourth quarter and 26.4% to $2.73 per share for the fiscal year. During the fourth quarter, net revenue was raised by $4.2 million, or $0.02 per diluted share, related to an adjustment to capitalized interest expense.
- For the fourth quarter, year-over-year comparisons were affected by (i) the formerly stated correction to their accounting for cancellation reserves for extended protection plan (EPP) products recorded in the fourth quarter of the preceding year and (ii) the adjustment to capitalized interest expense in the current year’s fourth quarter. Not including these items, fourth quarter net earnings grew 19.7% and net earnings per diluted share raised 27.5%.
- For the fiscal year, year-over-year comparisons were affected by (i) the formerly declared receipt of proceeds in a class action lawsuit in the second quarter of the current year and (ii) the fiscal 2014 correction to their accounting for EPP cancellation reserves. Not including these items, fiscal 2015 net earnings grew 15.9% and net earnings per diluted share raised 20.3%.
CarMax, Inc., through its auxiliaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance.
Renren Inc. (NYSE:RENN), ended its Thursday’s trading session with 8.57% gain, and closed at $2.66, unveiling the news that it has commenced a Dutch auction tender offer Thursday to purchase for cash up to $50 million in value of its American Depositary Shares, each representing three Class A ordinary shares of the Corporation, par value $0.001 per share, at a purchase price not greater than $2.75 per ADS nor less than $2.40 per ADS (in each case less a cancellation fee of $0.05 per ADS to be paid to the Corporation’s ADS depositary). Under the terms of the tender offer, the Corporation is inviting holders of ADSs to tender their ADSs at prices specified by such holders within such range of prices in the manner be described further in the offer materials. The Corporation selected the lowest single per ADS purchase price that is allowing it to purchase $50 million in value of ADSs at completion of the tender offer. The tender offer is subjected to the terms and conditions described in the offer to purchase and the related materials that is distributed to holders of the Securities and filed with the Securities and Exchange Commission recently. The tender offer constitutes a part of the $100 million share repurchase program that the Corporation declared on June 28, 2014, and not an addition to it.
Renren Inc. operates a social networking Internet platform in the People’s Republic of China. The corporation operates renren.com, a social networking Website that enables its users to communicate and stay connected with their friends, classmates, family members, and co-workers; and 56.com, a video service that allows its users to upload, view, and share user generated content videos and other contents, in addition to provides Web-based, cross-platform, and mobile games to its users.
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