Nate McCullough | News Editor
770-718-3431 | news@gainesvilletimes.com
The Times, Gainesville, Georgia
Midweek Edition - September 2-3, 2020
BUSINESS
CarMax planning Gainesville dealership
Auto retailer would announce arrival of new store year before expected grand opening
BY JEFF GILL
jgill@gainesvilletimes.com
CarMax is planning a store in
Gainesville.
The pre-owned automobile deal
ership chain is proposing to put up
a 7,590-square-foot building and
936-square-foot car wash on the nearly
8-acre site at 2602 Browns Bridge
Road, west of Memorial Park Drive
and near Cherryhill Drive. CarMax
would operate the car wash “to clean
vehicles for sale and final quality con
trol of cars presented to purchasers,”
the company said.
CarMax “has identified the Gaines
ville area as a good fit for our current
growth plan,” the company said in an
email to The Times about the project.
As for a schedule for the project, “it
Gainesville Planning
and Appeals Board
What: Annexation for proposed
CarMax Auto Superstore at 2602
Browns Bridge Road, Gainesville
When: 5:30 p.m. Tuesday, Sept. 8
Where: Public Safety Complex, 701
Queen City Parkway, Gainesville
can often take two to three years to get
all necessary approvals, complete con
struction and open for business, once
we decide to move forward on any
location,” the company said.
CarMax said it would announce the
new store opening “about one year in
advance of the anticipated grand open
ing date.”
The property, which is also next to
Absolute Trailers, contains an “older
home and various outbuildings” that
would be torn down as part of the proj
ect, according to a Gainesville planning
staff report on the project.
The project is set to go before the
Gainesville Planning and Appeals
Board on Tuesday, Sept. 8. The appli
cant, Colorado-based developer Center-
Point Integrated Solutions, is seeking to
annex the property for the store.
Car Max’s “business model is to pro
mote a high-end retail experience and
a welcoming experience,” said Brad
Lauth, development manager for Cen-
terPoint, in a description of the project.
“As such, CarMax does not use outdoor
loudspeakers... and does not use flags,
balloons, inflatables, placards in open
car hoods, painted window lettering or
the like in its marketing.”
The company has more than 200
locations nationwide, Lauth said.
CarMax is
proposing
a used car
dealership
and car
wash
at 2602
Browns
Bridge
Road,
west of
Memorial
Park Drive
and near
Cherryhill
Drive.
JEFF GILL
The Times
A different antivirus software
Associated Press
This combo of photos shows the logo for Google, top, and Apple, bottom. Apple and
Google on Wednesday, May 20, released long-awaited smartphone technology to
automatically notify people if they might have been exposed to the coronavirus.
Apple, Google build
COVID-tracing tech
directly into phones
BY MATT O’BRIEN
Associated Press
Apple and Google are trying to get more
U.S. states to adopt their phone-based
approach for tracing and curbing the spread
of the coronavirus by building more of the
technology directly into phone software.
That could make it much easier for peo
ple to get the tool on their phone even if their
local public health agency hasn’t built its
own compatible app.
The tech giants on Tuesday launched
the second phase of their “exposure noti
fication” system, designed to automati
cally alert people if they might have been
exposed to the coronavirus.
Until now, only a handful of U.S. states
have built pandemic apps using the tech
companies’ framework, which has seen
somewhat wider adoption in Europe and
other parts of the world.
States must choose whether they want
to enable the Apple-Google system. If they
do, iPhone users in those states will auto
matically be able to opt into the system
without having to download an app. They’ll
be prompted with a notification asking if
they consent to running the system on their
phones.
For people with Android phones, Google
will automatically generate an Android app
for public health agencies that phone users
can then download.
The companies said they expect Mary
land, Nevada, Virginia and Washington,
D.C., to be the first in the U.S. to launch
the new version of their tool. Virginia says
nearly half a million of its 8.5 million resi
dents have downloaded its app since the
state in early August became the first to
launch a customized pandemic app using
the Google-Apple framework.
Other states that have since launched
COVID-19 apps using the Google-Apple
model include North Dakota, Wyoming,
Alabama and Nevada. The University of
Arizona also has one that is expected to
eventually go statewide.
Some of the apps don’t work as well once
people travel across state borders, although
a group of coordinating public health agen
cies is working to fix that by setting up a
national server.
The technology relies on Bluetooth wire
less signals to determine whether an indi
vidual has spent time near anyone else who
has tested positive for the virus. Both people
in this scenario must have signed up to use
the Google-Apple technology. Instead of geo
graphic location, the app relies on proxim
ity. The companies say the app won’t reveal
personal information either to them or pub
lic health officials.
Individuals who receive such proximity
alerts will typically be offered testing and
health advice to prevent potential future
spread of the virus.
Maryland’s Republican Gov. Larry
Hogan, announcing the state’s participa
tion in the Apple-Google system at a press
conference Tuesday, said it will help pub
lic health officials more quickly notify
people of potential COVID-19 exposure and
enhance existing efforts by health workers
to trace the contacts of infected people.
Gas company,
Gainesville
reach deal on
franchise fees
BY MEGAN REED
mreed@gainesvilletimes.com
The city of Gainesville and Atlanta Gas
Light Company have reached a settle
ment after a miscalculation led to the
utility company overpaying in franchise
fees to the city.
According to city documents, Atlanta
Gas Light pays the city franchise fees
every year, and that rate is calculated
by multiplying the franchise fee factor
of $14.95 by the “Dedicated Design Day
Capacity” in the city as of the last day
of the previous fiscal year. According to
the Atlanta Gas Light website, the “Dedi
cated Design Day Capacity” is a charge
that recovers costs associated with deliv
ering gas to a home or business.
However, in 2016-2017, the Dedicated
Design Day Capacity was initially miscal
culated. Atlanta Gas Light should have
paid the city $11,828.92 but instead paid
$197,402.70, according to city documents.
Since then, Atlanta Gas Light has been
withholding franchise fees to recoup the
loss, but now the two parties are settling
the discrepancy.
City Attorney Abb Hayes said Atlanta
Gas Light miscalculated the fee for 2016-
2017 and later contacted the city about
the overpayment.
The remaining balance on the over
payment is $146,000, Hayes said at an
Aug. 27 Gainesville City Council work
session. The gas company has agreed to
accept a payment of about two-thirds of
that remaining balance, Hayes said. It
was unclear why it didn’t request a full
refund.
The city will pay a lump sum of
$97,363.93 to Atlanta Gas Light, saving
about $48,000 in the agreement.
The city will pay a lump sum of
$97,363.93 to Atlanta Gas Light. The City
Council unanimously approved the agree
ment Tuesday, Sept. 1.
“Atlanta Gas Light appreciates its rela
tionship with the City of Gainesville and is
pleased to have worked together to reach
a resolution that benefits the City and our
customers fairly,” Atlanta Gas Light said
in a statement. “We will continue to part
ner with the City to meet our customer
commitments to provide clean, safe, reli
able and affordable natural gas service.”
Stock Exchange Highlights
I
NYSE
13,113.74 +68.14
i
Nasdaq
11,939.67 +164.21
Gainers (§2 or more)
Gainers ($2 or more)
Name
Last
Chg %Chg
Name Last
Chg %Chg
LibOilSv
8.75
+2.30
+35.7
JounceTh 7.53
+2.69
+55.6
TortAcq
48.97
+9.53
+24.2
Gogo 7.37
+2.23
+43.4
AtHomGr
23.33
+4.22
+22.1
ZoomVid 457.69+132.59 +40.8
EKodak
7.30
+1.32
+22.1
Evogene 2.74
+.67
+32.4
BldBear
3.13
+.55
+21.3
NanoX n 35.75
+8.19
+29.7
Nautilus
13.85
+2.00
+16.9
Tracon rsh 2.41
+.52
+27.5
CharahSo
3.00
+.39
+14.9
Aemetis h 2.04
+.38
+22.9
GameStop
7.65
+.97
+14.5
OdysMar h 6.89
+1.22
+21.5
Chewy
69.43
+8.36
+13.7
DocuSign 268.80 +45.80
+20.5
Calix
21.84
+2.39
+12.3
PriorityTc 2.33
+.38
+19.2
Losers (§2 or more)
Losers ($2 or more)
Name
Last
Chg %Chg
Name Last
Chg %Chg
GTT Comm 4.55
-.43
-8.6
AppliedUV n 8.60
-3.00
-25.9
Kadmon
4.58
-.42
-8.4
Neuronet 4.73
-1.14
-19.4
GencoSh
6.59
-.52
-7.3
VirBiotch n 33.89
-6.59
-16.3
CypressEr
2.25
-.17
-7.1
Wilhelmina 2.61
-.50
-16.0
Dynagas
2.51
-.19
-7.0
UrogenP 21.32
-3.77
-15.0
Brinks
45.41
-2.95
-6.1
ScanSource21.40
-3.29
-13.3
KnotOffsh
11.61
-.75
-6.1
TreviTh 3.50
-.53
-13.2
Glaukos
45.00
-2.83
-5.9
UnumTh 2.49
-.37
-12.9
SelEngS
4.49
-.28
-5.9
Youngev pf 12.10
-1.79
-12.9
TalosEn
7.10
-.41
-5.5
IBEX n 14.02
-1.97
-12.3
Most Active
($1 OR MORE)
Most Active
($1 OR MORE)
Name
Vol (00)
Last
Chg
Name Vol (00) Last
Chg
EKodak 1061613
7.30
+1.32
Apple Inc s1517251134.18
+5.14
GenElec
929386
6.19
-.15
Tesla Inc s 896450 475.05
-23.27
ItauUnH
655548
4.47
+.22
AmAirlines 727249
13.10
+.05
NokiaCp
491126
4.73
-.17
Gogo 710306
7.37
+2.23
FordM
481798
6.83
+.01
AMD 557898
92.18
+1.36
AT&T Inc
465072
29.47
-.34
ZoomVid 532050 457.69 +132.59
BkofAm
460822
25.71
-.03
JounceTh 430878
7.53
+2.69
WalMart
355150 147.59
+8.74
Gevo 357659
1.24
-.01
Pfizer
342855
36.88
-.91
Aemetis h 340020
2.04
+.38
WellsFargo 304673
24.05
-.10
Workhrs rs 328333
20.15
+2.04
Diary
Diary
Advanced
1,633
Advanced
1,656
Declined
953
Declined
1,412
Unchanged
64
Unchanged
144
Total issues
2,650
Total issues
3,212
New Highs
93
New Highs
185
New Lows
11
New Lows
40
Volume
3,746,722,488
Volume 3,334,580,759
Stocks of Local Interest
Name Ex
YTD
Div Yld PE Last Chg %Chg
AFLAC
1.12
3.1
11
36.70
+.38
-30.6
Intel
1.32
2.6
17
50.79
-.16
AT&T Inc
2.08
7.1
15
29.47
-.34
-24.6
IBM
6.52
5.4
13
123.40
+.09
AbbottLab
1.44
1.4
56
106.55
-2.92
+22.7
JJill
1.15
1
.54
+.16
AMD
92.18 +1.36
+101.0
JohnJn
4.04
2.7
25
151.52
-1.89
Aemetis h
2.04
+.38
+145.8
JounceTh
7.53
+2.69
Altria
3.44
8.0
14
43.12
-.62
-13.6
Lowes
2.20
1.3
37
167.59
+2.90
AmAirlines
.40
3.1
4
13.10
+.05
-54.3
Macys
2
7.01
+.04
Apple Inc s
49
134.18 +5.14
+82.8
McDnlds
5.00
2.4
32
212.69
-.83
ATMOS
2.30
2.4
18
97.43
-2.39
-12.9
Merck
2.44
2.9
32
84.43
-.84
AutoZone
221222.43+26.12
+2.6
Microsoft
2.04
.9
45
227.27
+1.74
AveryD
2.32
2.0
34
117.66
+2.85
-10.1
NorflkSo
3.76
1.7
23
215.30
+2.77
BP PLC
2.46
11.8
6
20.77
-.16
-45.0
NDynMn g
1.14
+.09
BkofAm
.72
2.8
9
25.71
-.03
-27.0
PepsiCo
4.09
2.9
15
139.19
-.87
Boeing
16
172.10
+.28
-47.2
Pfizer
1.52
4.1
15
36.88
-.91
BrMySq
1.80
3.0
20
60.97
-1.23
-5.0
PhilipMor
4.68
5.9
16
79.04
-.75
CSX
1.04
1.3
19
78.04
+1.58
+7.8
PlugPowr h
14.13
+1.15
CampSp
1.40
2.7
19
51.40
-1.21
+4.0
Primerica
1.60
1.3
15
124.07
-.78
Carnival
4
16.51
+.03
-67.5
ProctGam
3.16
2.3
32
138.18
-.15
Caterpillar
4.12
2.8
13
146.05
+3.74
-1.1
RegionsFn
.62
5.3
9
11.63
+.07
Chevron
5.16
6.2
11
83.08
-.85
-31.1
SlackTc
34.30
+1.46
Cisco
1.44
3.4
17
42.03
-.19
-11.7
Snaplnc A
22.41
-.18
Citigroup
2.04
4.0
7
51.20
+.08
-35.9
SouthnCo
2.50
4.8
24
51.81
-.37
CocaCola
1.64
3.3
30
49.12
-.41
-11.3
SynovusFn 1.32
6.0
6
22.02
+.15
ConAgra
.85
2.2
25
37.83
-.53
+10.5
Tesla inc s
475.05-23.27
Cummins
5.24
2.5
59
211.06
+3.81
+17.9
3M Co
5.88
3.6
23
164.80 +1.78
Disney
1.76
1.3
18
133.55
+1.68
-7.7
TruistFn
1.80
4.6
10
39.17
+.36
DuPont
1.20
2.1
6
57.26
+1.50
-10.8
T2 Biosys
1.57
+.01
EKodak
7.30
+1.32
+57.0
Tyson
1.68
2.7
11
62.64
-.16
Equifax
1.56
.9
29
168.69
+.42
+20.4
UtdAirlHI
4
36.01
+.01
ExxonMbl
3.48
8.8
9
39.43
-.51
-43.5
UtdCmBks
.72
4.0
10
18.13
+.01
FordM
5
6.83
+.01
-26.6
UPS B
4.04
2.5
27
162.65
-.97
GenElec
.04
.6
6.19
-.15
-44.5
VerizonCm
2.46
4.2
13
59.16
-.11
GenuPrt
3.16
3.3
18
95.66
+1.22
-10.0
Vodafone
.97
6.7
14.49
-.28
Gevo
1.24
-.01
-46.3
WalMart
2.16
1.5
85
147.59
+8.74
GlbeLife
.75
.9
6
82.03
-.45
-21.9
WeisMk
1.24
2.6
12
48.58
-.65
Gogo
7.37
+2.23
+15.2
WellsFargo
.40
1.7
5
24.05
-.10
HP Inc
.70
3.7
6
19.26
-.29
-6.3
WhitngPet
.57
-.23
Haverty
.60
2.8
22
21.67
+.55
+7.5
Workhrs rs
20.15 +2.04
HermitgOff
.18 30.0
.60
-.56
-41.0
YumBrnds
1.88
2.0
34
96.15
+.30
Hershey
3.22
2.2
32
148.42
-.22
+1.0
Zomedica
.11
HomeDp
6.00
2.1
29
285.94
+.90
+30.9
ZoomVid
457.69+132.59
YTD
Name Ex Div Yld PE Last Chg %Chg
-7.9
-52.2
+3.9
-58.8
+7.6
-7.2
+1.8
-5.9
-7.1
+347.2
-5.0
-18.7
-6.6
-30.5
-59.1
-41.3
-3.6
-25.0
-92.3
-4.5
-67.1
Stock Footnotes: g = Dividends and earnings in Canadian dollars, h = Does not meet continued-listing standards. If = Late filing
with SEC. n = New in past 52 weeks, pf = Preferred, rs = Stock has undergone a reverse stock split of at least 50 percent within the
past year, rt = Right to buy security at a specified price, s = Stock has split by at least 20 percent within the last year, un = Units, vj
= In bankruptcy or receivership, wd = When distributed, wi = When issued, wt = Warrants. Fund Footnotes: m - Multiple fees are
charged, usually a marketing fee and either a sales or redemption fee. Source: The Associated Press. Sales figures are unofficial.
Stock Market Indexes
Dow Jones industrials
Close: 28,645.66
Change: 215.61 (0.8%)
30,000
27,000
24,000
21,000
28,760
28,140
27,520 : 10 DAYS
M
A M
J
J
A
52-Week
Net
YTD
12-mo
High
Low
Name
Last
Chg
%Chg
%Chg
%Chg
29,568.57
18,213.65
Dow Industrials
28,645.66
+215.61
+.76
+.38
+9.68
11,377.89
6,481.20
Dow Transportation
11,316.69
+131.34
+1.17
+3.81
+13.26
963.80
593.52
Dow Utilities
794.08
-9.14
-1.14
-9.68
-7.76
14,183.26
8,664.94
NYSE Composite
13,113.74
+68.14
+.52
-5.74
+3.56
11,829.84
6,631.42
Nasdaq Composite
11,939.67
+164.21
+1.39
+33.07
+51.63
1,646.60
1,015.63
S&P 100
1,653.67
+14.73
+.90
+14.67
+28.89
3,514.77
2,191.86
S&P 500
3,526.65
+26.34
+.75
+9.16
+21.35
2,109.43
1,181.96
S&P MidCap
1,941.03
+14.49
+.75
-5.91
+4.47
35,950.11
21,955.54
Wilshire 5000
36,134.04
+326.38
+.91
+9.87
+21.70
1,715.08
966.22
Russell 2000
1,578.58
+16.70
+1.07
-5.39
+7.22
Mutual Funds
Total Assets
Total Return/Rank Pet Min Init
Name
Obj (SMIns)
NAV
4-wk
12-mo
5-year
Load
Invt
Vanguard 500ldxAdmrl
LB
318,107
326.38
+8.0
+22.8/A
+15.3/A
NL
3,000
Fidelity 500ldxlnsPrm
LB
259,215
122.61
+8.0
+22.8/A
+15.3/A
NL
0
Vanguard TtlSMIdxAdmrl
LB
246,609
87.08
+7.2
+21.3
+13.8
NL
3,000
Vanguard TtlSMIdxIns
LB
156,938
87.10
+7.2
+21.3
+13.8
NL
5,000,000
Vanguard TtlnSIdxInv
FB
156,856
17.27
+4.3
+8.6
+5.8
NL
3,000
Vanguard TtlSMIdxInv
LB
139,056
87.05
+7.2
+21.2
+13.7
NL
3,000
Vanguard InsIdxInsPlus
LB
124,447
315.46
+8.0
+22.9/A
+15.3/A
NL 100,000,000
Vanguard TtlnSIdxInsPlus
FB
122,959
115.58
+4.3
+8.7
+5.9
NL 100,000,000
Vanguard TtBMIdxAdmrl
Cl
119,828
11.67
-0.7
+6.7/C
+4.3/B
NL
3,000
Amer. Fnds GrfAmrcA m
LG
114,594
63.72
+9.7 +38.2/C
+17.8/C
5.75
250
Fidelity Contrafund
LG
114,544
17.75
+11.0 +41.6/B
+19.4/B
NL
0
Vanguard Insldxlns
LB
110,724
315.44
+8.0
+22.8/A
+15.3/A
NL
5,000,000
Cl -Intermediate-Term Bond, FB -Foreign Large Blend, IH -World Allocation, LB -Large Blend, LG -Large Growth,
LV -Large Value, MA -Moderate Allocation, WS -World Stock, Total Return: Chng in NAV with dividends reinvest
ed. Rank: How fund performed vs. others with same objective: A is in top 20%, E in bottom 20%. Min Init Invt:
Minimum $ needed to invest in fund. Source: Morningstar.
