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CarMax Reports Record Quarterly Earnings
Today reported results for the second quarter ended August 31, 2009.-- Net sales and operating revenues increased 13% to $2.08 billion from $1.84 billion in the second quarter of last year.
-- Comparable store used unit sales increased 8% for the quarter.
-- Total used unit sales rose 10% in the second quarter.
-- Net income increased to $103.0 million, or $0.46 per diluted share, compared with $14.0 million, or $0.06 per diluted share, earned in the second quarter of fiscal 2009. -- In the second quarter of fiscal 2010, net income was increased by $0.10 per share for CarMax Auto Finance (CAF) favorable adjustments, primarily related to an increase in the fair value of retained subordinated bonds.
-- In the second quarter of fiscal 2009, net income was reduced by $0.08 per share for CAF unfavorable items, including increases in cumulative net loss assumptions, a reduction in the fair value of retained subordinated bonds and an increase in the discount rate.
1 Month Car Insurance | ****
1 Month Car Insurance
When planning a trip, especially one that involves the use of a car, it is important to take care of all the necessities before leaving home. One of those necessities is securing short term insurance that will cover the vehicle and all the individuals who will be driving the car during the trip. 1 month car insurance provides the benefits of regular insurance such as road side service, collision, and liability coverage as well as the added benefit of covering all your travel companions who will be driving the car.
If a person is going to be traveling for a month, it is vital that they get 1 month car insurance that will cover them through the entire trip. When traveling with a group, every member who may drive the car at any time should be included on the 1 month policy. Then, if an emergency arises and someone who has not driven the vehicle for the entire trip needs to take the wheel, they will be covered to drive the car in the emergency situation.
The benefit of having roadside service included in a 1 month car insurance policy becomes very evident when a car breaks down. When traveling on vacation, people are often in locations they are unfamiliar with, if they are in a rented car they are also unfamiliar with the vehicle they are driving. If the car breaks down on the road while traveling in an unknown location it is very difficult to know who to call for assistance. Perhaps you are a long distance from the nearest town or do not know the name of any towing service in the vicinity that you are located. With roadside service on a 1 month car insurance policy you are provided with a toll free number to call and a tow truck will be immediately dispatched to aid you. This technician will be able to assist you with minor issues such as a flat tire or gas, or tow your vehicle to a reputable mechanic in the area.
Another benefit of getting a 1 month car insurance policy when you are vacationing or going on a short term trip with a group of travelers who will be sharing the driving responsibilities is that if there is an accident your established insurance rate will not be increased. By paying the premium for a 1 month car insurance policy you will not be held responsible by your established insurance company if there is an accident that involves one of the other drivers in your group. However, all of the individuals listed on the policy will be covered as drivers of the vehicle.
...Temporary Car Insurance
Short term car and van insurance for drivers. Immediate temporary car and van insurance between 1-28 days short term motor insurance, one day car ...
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