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$KMX's gross profit per unit for 2Q16 was flat YoverY and CarMax Auto Finance income grew 6.2% to approx. $98MM. During 2Q16, $KMX repurchased 3.9MM shares for about $250MM. Comp unit sales was driven by improved conversions and there was a 12% increase in total web traffic YoverY.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.