Yahoo! Finance: Auto Dealerships Industry News
The latest news on the Auto Dealerships industry from Yahoo! Finance
Sonic to sell notes to retire higher-interest debt (AP)
Auto dealership group Sonic Automotive Inc. will offer up to $210 million in senior subordinated notes to institutional buyers, the company said Tuesday.
CarMax Announces Twitter Contest Grand Prize Winner (Business Wire)
RICHMOND, Va.----CarMax, Inc. the nation?s largest retailer of used cars, has concluded its ?Tweet Yourself to a New Ride? contest on the social networking site Twitter. The Grand Prize winner of $25,000 from CarMax is Stephanie Beck from Pensacola, Florida.
Sonic Automotive launches $210M offering (at bizjournals.com)
Sonic Automotive Announces Offering of Senior Subordinated Notes (PR Newswire)
Sonic Automotive, Inc. today announced it intends to commence a private offering of up to $210 million in aggregate principal amount of senior subordinated notes to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 and in offshore transactions pursuant to Regulation S under the Securities Act. The net proceeds of this offering will be used to redeem a portion of the Company's 8 5/8% Senior Subordinated Notes due 2013.
[$$] Don't Write Off the Auto-Dealer Stocks (at The Wall Street Journal Online)
America's Car-Mart, Inc. to Present at CL King & Associates Best Ideas Confer...
Copart Reports Second Quarter Financial Results (Business Wire)
FAIRFIELD, Calif.----Copart, Inc. today reported the results for the quarter ended January 31, 2010, the second quarter of its 2010 fiscal year.
Power Sports Factory Announces Unaudited 30% Year to Year Increase in 4th Qua...
PHILADELPHIA -- Power Sports Factory, Inc. Power Sports Factory, the exclusive importer and distributor of fuel efficient motorbikes and scooters under the Benelli brand, announces that it has increased year to year sales by 30% in the 4th Quarter of 2009 and is on pace to grow year to year sales by 100% in the 1st Quarter of 2010.
Group 1 Automotive Expands Footprint in United Kingdom (Marketwire)
KAR Auction Services posts 4Q profit (AP)
Used and salvaged vehicle auctioneer KAR Auction Services Inc. said Friday that it posted a fourth-quarter profit, reversing a loss a year ago but falling short of analyst expectations.
Lithia Motors Lags Estimates (Zacks.com)
Debt collectors turned away at Wayne Newton home (AP)
Sheriff's deputies were turned away from entertainer Wayne Newton's sprawling ranch home Thursday while trying to collect a $500,000 court judgment stemming from back pay owed to a former pilot, authorities said.
Copart, Inc. to Webcast Second Quarter Fiscal 2010 Results (Business Wire)
FAIRFIELD, Calif.----Copart, Inc. announced today that it will release earnings for the second quarter of fiscal 2010 after the close of market on Tuesday, March 2, 2010.
KAR Auction Services, Inc. Reports Fourth Quarter and Full Year 2009 Results ...
CARMEL, Ind.----KAR Auction Services, Inc. , today reported its fourth quarter and annual financial results for the period ended December 31, 2009. For the fourth quarter of 2009, the company reported revenue of $417.9 million as compared with fourth quarter 2008 revenue of $396.2 million, an increase of 5%.
Asbury Automotive posts 4Q and full-year profit (AP)
Auto dealership chain Asbury Automotive Group returned to a fourth-quarter and full-year profit in 2009. Asbury posted a $200,000 gain in the final three months and $13.4 million for the entire year.
