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Stock Market & Financial Investment News

News Breaks
February 19, 2014
07:54 EDTKMXConcerns about CarMax largely overblown, says Oppenheimer
Oppenheimer believes that concerns about CarMax's sub-prime credit offering and its more challenging comp comparisons are largely overblown. The firm reports that on February 18, it observed a marked decline in CarMax's inventory levels. It thinks the change may indicate that the company had stronger used car sales over the Presidents' Day weekend. The firm keeps a $61 price target and Outperform rating on the stock.
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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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