Tag Archives: KMX

QUICK BLURBS [ADS, AXP, BAC, IBKR, KMX, SVU]

(4,146 words) [IBKR] Partly due to an exceptionally low volatility trading environment, which has made it difficult to earn profits and which Petterfy says may continue “indefinitely,” the company is winding down its options market making operations. While the company will use the excess capital from market making to further support its brokerage operations, the latter […]
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KMX SEES CONTINUED TIGHTENTING AT THE LOWER END OF CREDIT, SHORTAGES IN 7-9 YR OLD CARS; TESTING ONLINE INITIATIVES

12/20/16: KMX (Earnings Call) (1,220 words) [Continued tightening and fewer applications at the lower end of the credit spectrum weighed on used unit comps.  KMX’s own financing arm is still seeing loss rates well below average levels (CAF is mostly prime credit).  Vehicle production declines during the last recession has left a hole in today’s […]
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