CarMax REPORTS Disappointing Earnings in Q1 and 3 More Hot Stocks Making News

Burger King Worldwide Inc. (NYSE:BKW): William Ackman and his Pershing Square Capital Management LP reported a 12% stake totaling $664.43M in Burger King Worldwide Inc., says and SEC filing. According to the New York-based hedge fund sponsor, Ackman owned 41.92M shares in the fast food chain, which became public last week. Shares of Burger King Worldwide Inc. are trading 0.19%  lower  today.

Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX) has been upgraded by Robert W. Baird from a “Neutral” to an “Outperform” rating, according to a research note given to investors on Thursday. Several other firms have recently made comments on ONXX recently. On Thursday, Brean Murray analysts upgraded Onyx Pharmaceutical shares from a “Hold” to a “Buy” rating, and they placed a $60 price target on the stock. Shares of Onyx Pharmaceuticals, Inc. are trading 1.81% lower today.

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CarMax, Inc (NYSE:KMX) shares slipped toward the end of last week, following the posting of disappointing Q1 earnings below analysts’ forecasts. The earnings posted by the company were 52 cents per share, $120.7M, on a revenue of $2.77B. Earnings fell 4% but revenue rose 4% from the prior year’s quarter. Both top and bottom lines missed analysts’ expectations, 53 cent per share on revenue of $2.81B. Shares of CarMax, Inc are trading 1.55% lower today.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) held an annual meeting on Friday, the day following when the company’s stock plunged 17%. This caused shareholders to ask more questions than usual including why executives’ earnings estimates for Q2 did not match the analysts estimates. Many shareholders who spoke at the meeting claimed reassurance that the stock drop resulted from more of a market correction than anything which should worry them. Shares of Bed Bath & Beyond Inc. are trading 2.34% lower today.

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