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Major Gainers and Losers on September 20; JCP, CAG, NIHD, KMX

The following stocks saw significant activity in trading on Thursday, September 20, 2012.

Shares of J.C. Company Inc. (NYSE: JCP) will remain under spotlight on Friday after tumbling 11.21% during regular trading on Thursday. J.C. Penny’s Chief Executive said on Thursday that weakness in sales is likely to persist in the second half of the year due to softness in economic environment. Just few weeks ago, the company reported very lousy fiscal second quarterly results. The company posted a loss of $147 million, or 67 cents a share, compared to profit of $14 million, or seven cents in the year earlier period as spent $159 million towards restructuring and other translational charges. While same-store-sales plunged 22% in the fiscal second quarter, revenue from e-commerce unit slumped 33%. Total sales fell by 23%. The 52 week range is $19.06-$43.18.

ConAgra Foods Inc. (NYSE: CAG) soared 6.20% in regular trading hours on Thursday after the company reported a first-quarter net income of $250.1 million, or $0.61 per share, compared to $93.8 million, or $0.22 per share, in the year earlier quarter. EPS after including onetime expenses and other charges came at $0.44, beating analysts’ consensual estimate for earnings of $0.36. The company posted net sales of $3.31 billion compared to $3.105 billion a year earlier—a 6.7% growth in sales. Analysts’ consensual estimate was for revenue of $3.24 billion in the quarter. In aftermarket hours stock slid 0.44%. The 52 week range is $22.39 – $27.75

NII Holdings Inc. (NASDAQ: NIHD) climbed 17.46% in regular trading hours and extended its rally in aftermarket hours, gaining 0.48% after its Chief Executive Officer, Steve Dussek increased his stake in the company by 12 percent. According to Christopher King, an analyst at Stifel Nicolaus & Co, the increase in stake signifies the CEO’s growing confidence in the company. The company is all set to offer 3G services in Mexico, which is NII Holding’s second largest market in terms of revenue. According to a regulatory filing, Mr. Dussek on Thursday bought 42,402 shares at $7 each, increasing his stake to almost 400,000 shares that include unvested, restricted stock. NII Holdings, Inc. is a holding company for the operations of Nextel Communications, Inc. the company The Company provides wireless communication services under the Nextel brand. The 52 week range is $5.65-$34.75.

CarMax Inc. (NYSE: KMX) slumped 6.29% in regular trading hours on Thursday after the company reported weaker-than-expected earnings for the fiscal second quarter even as sales and net profit climbed compared to year earlier quarter. The company posted net earnings of $111.64 million or $0.48 per share, compared to $111.15 million or $0.48 per share in the prior-year quarter. net sales  soared 6.6% to $2.76 billion, from $2.59 billion. Analysts’ consensual estimate was for earnings of $0.52 a share on revenue of $2.75 billion. CarMax is deals in used cars. Besides, the company also sells new vehicles at four locations under franchise agreements with three new car manufacturers. However, the bulk of the revenue is generated through used car sales. During fiscal 2012, new vehicles accounted for only 2% of its total retail vehicle unit sales. As of February 2012, the company operated 108 used car superstores spread across 53 metropolitan markets.



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