The used car retailer filed its second quarter earnings report. The company reported $5.4 billion in net sales and operating revenue in the second quarter 2020, compared to $5.2 billion in net sales and operating revenue in the same period last year.
CarMax restarted its previously authorized share repurchase program on Sept. 28. The share repurchase program had been temporarily suspended in April in response to the coronavirus pandemic. CarMax has $1.5 billion remaining under the board’s repurchase authorization.
Director Mark F. O’Neil purchased 2,700 shares at $93 per share for a total of $251,100. O’Neil directly owns 5,709 shares of common stock.
The utility giant issued an update on its sale of its gas transmission and storage assets to Berkshire Hathaway Energy Company. See the full update here.
Executive chairman Thomas F. Farrell II sold 50,000 shares at about $80 per share for a total of $4 million. Farrell directly owns 1 million shares of common stock.
Genworth Financial (GNW)
The mortgage insurer provided an update and an extension of the closing date on its long-pending deal to be acquired by China Oceanwide Holdings Group. It said the pandemic has slowed down Oceanwide’s ability to finalize its financing plan to fund the acquisition, but that the deal is still on track. The parties set a new deadline for closure of Nov. 30.
Owens & Minor (OMI)
On Oct. 6 the healthcare logistics company completed a previously announced public offering of 8.5 million shares of common stock. J.P. Morgan Securities LLC, BofA Securities, Inc. and Citigroup Global Markets Inc. were underwriters.
Universal Corp. (UVV)
The tobacco company announced it has completed the purchase of Silva International, Inc. for $170 million in cash. Silva produces dehydrated vegetables, herbs and fruits.