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Rod Lache of Deutsche Bank inquires if the decline in CAF mostly a function of frequency or severity as $KMX is seeing some modest declines in used car prices. CFO Tom Reedy replied that it is a little bit of both. In 1Q17, it was a little bit more severity and looking at the recovery rate YoverY, it was more impactful last quarter.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?