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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Apr 12, 2022
Page
8
CarMax delivers its latest quarterly snapshot with fiscal Q4 earnings expected to be flat from a year ago while revenue climbs sharply. Strong demand for used cars has driven prices higher, helping CarMax post a record third-quarter revenue.
Wall Street rallied mixed with a broad stock slide and rising bond yields as investors brace for earnings reports. Tech names weighed on the market while inflation’s impact on companies remains a key focus for traders and analysts.
The S&P 500 Dow Jones and Nasdaq declined with technology and energy stocks leading the drop. Lowe's named Brandon Link as chief financial officer as SailPoint trades near 64,054.14 after a 29.2 percent surge. Thoma Bravo reached a $6.9 billion deal to buy the identity governance software maker.
The school district faces more than 2 million dollars in reductions driven by falling enrollment. The board backed 20 cuts totaling about 5.8 million from March 28 and approved 177,441 more in administrative savings plus 400,000 previously approved, with two learning coach positions eliminated. Central office reductions and staff shifts were noted as parts of the plan.
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