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CarMax Posts Profit of $74M for the Quarter

By Andria Cheng • Dec 18th, 2009 • Category: Buying & Selling, Commercial Real Estate, Development, Real Estate News

CarMax Posts Profit of $74M for the Quarter

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  • The Day Ahead: Chinese Inflation Drives Domestic Stocks Lower
    Speculation that China may have to tighten its economic policy is pulling investor sentiment lower this morning. Amid positive data on industrial production and retail sales, Chinese CPI climbed 2.7% in February, indicating that the central bank may have to take a more serious approach to slow down spending. “China is aiming for 3% inflation for all of 2010,” said Benjamin Reitzes from BMO. “Continued acceleration would make that target tough to hit and markets are concerned that this latest jump in inflation could cause Chinese officials to tighten policy further.” Reitzes called the CPI figure “somewhat troubling,” adding that it’s too early to a definitive statement that prices are about to take off. “However, with the economic numbers showing...(read more)

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