Updated from 11:56 a.m. EDT

Shares of

CarMax

(KMX) - Get Report

were among the

NYSE's

losers Friday, falling 6.7% after the company narrowed its first-quarter earnings range and lowered its same-store sales outlook.

The operator of used-car dealerships now expects earnings of 35 cents to 36 cents a share on same-store sales growth of at least 6%. Previously, the company had said that it would earn 35 cents to 38 cents a share on same-store sales growth of 9% to 12%. Analysts polled by Thomson First Call are expecting earnings of 37 cents a share. The company blamed the lower outlook on increased gas prices and high wholesale auction prices. Shares traded down $1.90 to $26.50.

Hibbett Sporting Goods

(HIBB) - Get Report

rose 9% after the company posted first-quarter results that were better than expected. The sporting goods retailer earned $10.7 million, or 46 cents a share, on sales of $114.8 million. Analysts were expecting earnings of 42 cents a share on sales of $112.6 million. A year ago the company earned $8 million, or 33 cents a share, on sales of $96.5 million. The company said strong sales of footwear and team equipment led to the solid first-quarter results. Looking ahead, Hibbett forecast second-quarter earnings of 17 cents to 21 cents a share. Analysts are expecting earnings of 18 cents a share. Shares traded up $2.84 to $34.44.

Shares of

Maytag

(MYG)

rose 24.6% after the company agreed to be acquired by a private-equity group for about $1.13 billion in cash. The investor group, led by Ripplewood Holdings, will also assume $975 million in debt, bringing the total value of the deal to about $2.1 billion. The deal values Maytag at $14 a share, representing a premium of 21% over Thursday's closing price of $11.56. The transaction is expected to close by the end of 2005. Shares traded up $2.84 to $14.40.

DeVry

(DV)

fell 1.1% after the company said it cut 134 full-time and part-time faculty positions at DeVry University campuses throughout North America. The move is expected to result in annual savings of about $6 million. Because of severance costs associated with the job cuts, however, the savings will not positively affect financial results until fiscal 2006. "A major focus of our turnaround plan is to increase operational effectiveness, and these actions will help DeVry University better align its workforce resources with the changes in demand we are experiencing for more part-time, online and business-focused programs," the company said. Shares traded down 23 cents to $20.95.

Shares of

Imperial Sugar

(IPSU)

rose 20.4% after the company received an unsolicited offer to buy the company for $17 a share. The offer, which was made by Schultze Asset Management -- a large shareholder that owns more than 1.5 million share, or more than 14% of Imperial Sugar -- values the company at close to $180 million. Imperial Sugar said its board plans to evaluate the Schultze offer. Shares traded up $2.64 to $15.57.

NYSE volume leaders included

Lucent Technologies

(LU)

, up 3 cents to $2.92;

Pfizer

(PFE) - Get Report

, down 14 cents to $28.58;

Exxon Mobil

(XOM) - Get Report

, down 82 cents to $54.01; and

General Electric

(GE) - Get Report

, up 8 cents to $37.

Nasdaq

volume leaders included

Microsoft

(MSFT) - Get Report

, down 18 cents to $25.74;

Intel

(INTC) - Get Report

, up 34 cents to $26.35;

Sirius Satellite Radio

(SIRI) - Get Report

, up 26 cents to $5.65;

Brocade Communications Systems

(BRCD)

, down 50 cents to $3.93;

Cisco Systems

(CSCO) - Get Report

, up 9 cents to $19.47; and

Applied Materials

(AMAT) - Get Report

, up 13 cents to $15.85.