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Virginia-based holding company $KMX had a solid year in FY16 where total revenues grew to more than $15Bil. Over 1MM vehicles were sold in retail and wholesale, about 620,000 used cars and about 395,000 wholesale cars. Used unit comps increased by 2.4%. Total used units grew a little over 6.5% and wholesale units grew by 4.9%.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.