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Stock Market & Financial Investment News

News Breaks
December 18, 2012
07:59 EDTKMXCarMax shares should be bought on any weakness, says Oppenheimer
Oppenheimer is optimistic that CarMax's Q3 results will mark the key turning point for the company and the firm expects the company's used car sales to strengthen through 2013. The firm believes that investors may react cautiously to the company's Q3 results on December 20 and recommends buying the shares on any weakness.
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August 18, 2014
07:01 EDTKMXSonic Automotive announces pre-owned automotive retail concept
Sonic Automotive announced that EchoPark is the name of its pre-owned vehicle retail store concept. Launching in Denver this fall, EchoPark will offer a revolutionary customer experience while providing guests with a whole new way to search, buy, service and sell their pre-owned vehicles.
06:03 EDTKMXCarMax to get new rival in used cars, WSJ reports
Sonic Automotive (SAH) is expected to today announce the creation of EchoPark stores, a chain of pre-owned vehicle stores that would compete with CarMax (KMX), the Wall Street Journal reports. Reference Link

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