Core Insights - CarMax, Inc. (KMX) is set to release its second-quarter fiscal 2026 results on September 25, with consensus estimates for earnings per share (EPS) at $1.03 and revenues at $7.05 billion, indicating year-over-year growth [1][8] - The consensus estimate for KMX's quarterly revenues suggests a year-over-year growth of 0.6%, while earnings estimates imply a 21.2% increase from the previous year [1][2] Financial Performance - In the first quarter of fiscal 2026, CarMax reported an adjusted EPS of $1.38, surpassing the Zacks Consensus Estimate of $1.18, and net sales of $7.55 billion, exceeding the estimate of $7.52 billion, reflecting a 6% year-over-year increase [2] - The service gross margin improved by $30 million year-over-year in Q1, driven by new fees and efficiency initiatives, which are expected to continue positively impacting margins in Q2 [3] Market Conditions - The average age of light vehicles in the U.S. has increased to 12.8 years, which may reduce demand in the wholesale channel and soften prices; the average selling price of KMX's wholesale vehicles declined to $7,959 from $8,094 year-over-year [4] - The decline in wholesale vehicle gross profit per unit to $1,047 from $1,064 may pressure CarMax's margin performance in the upcoming quarter [4] Earnings Expectations - CarMax has an Earnings ESP of -6.67%, indicating a lower Most Accurate Estimate compared to the Zacks Consensus Estimate, which suggests a lower likelihood of an earnings beat for the upcoming quarter [5][6] - The current Zacks Rank for KMX is 3 (Hold), which does not favor a strong earnings performance [6]

每经AI快讯，北巴传媒（SH 600386，收盘价：4.76元）9月22日晚间发布公告称，公司第九届第十六次 董事会会议于2025年9月17日在公司本部四楼会议室召开。会议审议了《关于调整公司第九届董事会专 门委员会成员的议案》等文件。 每经头条（nbdtoutiao）——报价太低遭严防，投标企业还得"解释清楚"，一场国家组织的大型采购， 为何引发全行业关注 （记者 王晓波） 2024年1至12月份，北巴传媒的营业收入构成为：汽车服务业务占比72.05%，新能源业务占比14.2%， 其他业务占比6.99%，公交媒体业务占比6.76%。 截至发稿，北巴传媒市值为38亿元。 ...

（记者 王晓波） 截至发稿，岭南控股市值为102亿元。 每经头条（nbdtoutiao）——5万亿ETF的370名基金经理薪酬大揭秘！他们的日常工作，就是跟着指数 买股票吗？ 每经AI快讯，岭南控股（SZ 000524，收盘价：15.26元）9月19日晚间发布公告称，公司十一届十九次 董事会会议于2025年9月19日以通讯方式召开。会议审议了《关于全资子公司租赁物业暨关联交易的议 案》等文件。 2025年1至6月份，岭南控股的营业收入构成为：旅行社运营占比73.47%，酒店经营占比21.13%，酒店 服务业占比5.01%，汽车服务占比0.39%。 ...

Market Performance - Major A-share indices experienced slight fluctuations in the morning, followed by a surge in the afternoon, with the Shanghai Composite Index rising by 1.14% to close at 3843 points, the Shenzhen Component Index increasing by 2.25%, and the ChiNext Index up by 3.82% [1] - The total trading volume for the day reached 3 trillion yuan, a decrease of 196.9 billion yuan compared to the previous trading day, with over 2800 stocks rising across the market [1] Sector Performance - The CPO concept saw explosive growth, with stocks like Tianfu Communication and Woge Optoelectronics hitting the daily limit [1] - The copper cable high-speed connection sector also performed well, with Yidong Electronics reaching a 20% limit up [1] - F5G and 6G concepts surged, with Tefa Information hitting the daily limit [1] - The satellite internet sector was active, with Wantong Development and Xingwang Yuda reaching the daily limit [1] - The semiconductor sector saw significant gains, with SMIC rising over 17% and Cambrian Technology increasing over 15%, becoming the new stock king in A-shares [1] - Other sectors with notable gains included optical communication modules, PCB, lidar, and AIPC [1] - Conversely, the transgenic sector declined, with Topcloud Agricultural falling over 7%, and the Alzheimer's sector weakened, led by Kangyuan Pharmaceutical [1] - The viral prevention sector also saw declines, with Aladdin dropping over 8%, while the automotive services, grain concepts, and real estate services sectors experienced the largest declines [1] Top Gainers and Fund Inflows - The top gainers included the communication equipment sector, which rose by 7.31%, and the semiconductor sector, which increased by 6.15% [2] - The electronic components sector also saw a rise of 4.88% [2] - In terms of net fund inflows over the past five days, the diversified financial sector gained 2.99%, while computer hardware and basic funds increased by 2.74% and 2.02%, respectively [2]

报告期内，调整后运营及支持开支、研发开支、销售及营销开支、一般及行政开支1合计的总运营费用 支出为18亿元，占收入的比例1为22.4%，相较于2024年同期继续优化。2025年上半年，集团取得调整 后净利润14.1亿元，相比2024年同期提升14.6%。期间内，公司自由现金流达到3.47亿元，相比2024年 同期提升32.2%。截至报告期末，公司拥有全量现金约75亿元，资金储备充足。 消息面上，8月21日，途虎-W发布截至2025年6月30日止六个月业绩，该集团期内取得收入78.77亿元(人 民币，单位下同)，同比增加10.5%；期内利润3.07亿元，同比增加7.8%；经调整净利润4.1亿元，同比增 加14.6%；每股基本盈利0.4元。 2025年上半年，本集团实现了收入端同比与环比的双向提速。报告期间内取得总收入79亿元，较2024年 同期的71亿元同比提升10.5%，按收入计算集团蝉联国内独立汽车服务市场第一名的市场地位。期间 内，在行业客单价持续下行的大背景下集团持续依靠平台议价能力推动供给侧成本优化。报告期内，本 集团共取得毛利额20亿元，对应毛利率25.2%。 途虎-W(09690)绩后拉升逾8%， ...

Group 1 - The company reported a revenue of 7.877 billion RMB for the six months ending June 30, 2025, representing a year-on-year increase of 10.5% [1] - The profit for the period was 307 million RMB, up 7.8% year-on-year, while the adjusted net profit reached 410 million RMB, reflecting a 14.6% increase [1] - The company maintained its position as the leading player in the independent automotive service market in China, achieving a gross profit of 2 billion RMB with a gross margin of 25.2% [1] Group 2 - In response to the layered demand and slowing consumption in the industry, the company increased investments in branding, customer acquisition, and support for franchisees and technicians [2] - The adjusted sales and marketing expense ratio slightly increased by 0.1 percentage points compared to the same period last year, while operational and administrative expenses were optimized [2] - The total operating expenses for the period amounted to 1.8 billion RMB, accounting for 22.4% of revenue, which shows continued optimization compared to the same period in 2024 [2] Group 3 - The company achieved an adjusted net profit of 1.41 billion RMB for the first half of 2025, a 14.6% increase compared to the same period in 2024 [2] - Free cash flow reached 347 million RMB, representing a 32.2% increase year-on-year [2] - As of the end of the reporting period, the company had approximately 7.5 billion RMB in cash reserves, indicating strong liquidity [2]

智通财经APP讯，途虎-W(09690)发布截至2025年6月30日止六个月业绩，该集团期内取得收入78.77亿 元(人民币，单位下同)，同比增加10.5%;期内利润3.07亿元，同比增加7.8%;经调整净利润4.1亿元，同比 增加14.6%;每股基本盈利0.4元。 2025年上半年，本集团实现了收入端同比与环比的双向提速。报告期间内取得总收入79亿元，较2024年 同期的71亿元同比提升10.5%，按收入计算我们蝉联了国内独立汽车服务市场第一名的市场地位。期间 内，在行业客单价持续下行的大背景下我们持续依靠平台议价能力推动供给侧成本优化。报告期内，本 集团共取得毛利额20亿元，对应毛利率25.2%。 面对行业需求分层、消费降速的格局，公司继续加大品牌、获客及加盟商与技师扶持投入力度，在关键 时期进一步提升用户认知度以及加盟商网络健康度，巩固领先优势，调整后销售营销费用率1相较去年 同期小幅提升0.1个百分点。但通过 AI能力的部署以及其他各项提效举措的落地，本集团持续优化运营 及支持开支和一般及行政开支，两项调整后费用率1分别同比优化0.3和0.1个百分点。报告期内，调整后 运营及支持开支、研发开支、销售及 ...

受益于标的大涨，多只基金凭借布局汽车产业链在龙年表现强势，甚至超过AI主题基金。Wind数据显 示，截至2月27日，自2月19日以来有3只基金因布局汽车赛道暂时领跑市场，其中包括鹏华碳中和主 题、诺安多策略和鹏华沪深港新兴成长，鹏华碳中和主题涨幅超过30%。根据去年四季度末的持仓，诺 安多策略重仓汽车产业链个股的数量相对较少，而鹏华基金的两只产品均大面积重仓，且两者均由闫思 倩管理。 信达澳亚基金认为，汽车产业是国民经济的支柱型产业，新能源车更是助力中国汽车工业领跑全球的关 键。相较发达国家，我国人均汽车保有量仍有较大增长潜力。此外，新能源车板块历经了较长时间的调 整，整体估值较低，低于近5年99%的时间，性价比凸显，值得关注。 "以旧换新"或撬动万亿消费 近日，相关部门对推动消费品"以旧换新"作出详细部署，并强调加快产品更新换代是推动高质量发展的 重要举措。业内人士称，汽车、家电是"以旧换新"的主要受益者，汽车等耐用消费品更新需求将进入集 中释放期。 明泽投资基金经理胡墨晗表示，预计后续将会出台具体的支持政策，支撑全年汽车消费和设备更新，有 利于汽车、机器人板块业绩增长。但基于当前经济还在持续复苏过程中，汽 ...

Group 1 - The core idea of the news is that Ping An Group aims to become an internationally leading personal financial service group, focusing on "technology-driven finance" and "finance serving life" [2] - As of September 30, 2021, Ping An Group had 225 million personal financial customers and 634 million internet users, showcasing its extensive customer base [2] - In 2021, Ping An's operating revenue exceeded 1 trillion yuan, net profit surpassed 100 billion yuan, and tax contributions also exceeded 100 billion yuan, indicating strong financial performance [2] Group 2 - Ping An Technology, established in 2008, is a wholly-owned subsidiary of Ping An Group, marking a significant milestone in the company's IT specialization [3] - The company has over 4,000 IT professionals and aims to develop in three key areas: mobile internet, cloud computing, and big data [3] - Ping An Technology is considered the core driver for future growth, emphasizing the importance of technological innovation in the financial sector [3] Group 3 - The visit to Ping An Group's headquarters includes a tour of the technology exhibition hall, focusing on the latest research and practical achievements in financial technology, artificial intelligence, and big data [6] - A thematic sharing session titled "Three Numbers Strategy - Decoding Ping An's Digital Strategy" is part of the visit, highlighting the importance of learning and adapting in a competitive environment [6][7] - The session will cover the digital strategic vision of Ping An and how to articulate it using the S-C-Q-A model, encouraging interactive discussions [7]

上海知识产权法院二审判决书指出，京东养车实施的"震虎价"低价营销活动，宣传标语中所谓的"价格 比友商低5%"，容易使消费者在特定场景下产生误解，属于虚假宣传行为，"震虎价"系列营销活动本身 也属于商业诋毁行为，这两种行为均构成不正当竞争。法院判令京东养车立即停止对途虎养车的不正当 竞争行为。除此之外，上海知识产权法院还判决京东养车赔偿途虎养车经济损失500万元，并要求京东 养车在判决生效之日起十日内，在"京东汽车"的微信公众号、视频号、微博，京东汽车官方旗舰店抖音 号及京东养车App连续10日刊登声明，消除对途虎养车的侵权影响。 途虎养车相关人士表示："我们已经收到了对方的赔偿款，但是对方尚未发布符合判决要求的消除侵权 影响的声明。作为中国汽车服务行业的先行者，途虎养车一贯严格遵守国家法律及行业法规，并积极响 应国家提出的反'内卷式'恶性竞争，致力于通过科技创新，不断提升广大车主的消费体验。关于此次判 决结果，我们感谢国家司法系统的公正，未来途虎养车将继续坚持初心，严格自我要求，推动行业高质 量发展。我们愿与广大遵纪守法的行业伙伴一起，持续建设繁荣健康的汽车后市场生态。 "（新浪科 技） 【#京东养车被判赔偿 ...