Carbiz Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2009. For the quarter, the company reported basic earnings of $0.04 per share compared to $0.02 per share for the same quarter a year ago. For the six months, the company reported net income of $31,688,957 or $0.16 per diluted share on sales of $21,334,757 compared to net income of $1,556,148 or $0.02 per diluted share on sales of $17,707,220 for the same period a year ago. Operating income was $1,202,558 compared to operating loss of $1,219,380 for the same period a year ago. Net cash flows used in operating activities was $9,850,699 compared to $3,596,950 for the same period a year ago. Acquisition of property and equipment was $163,915 compared to $153,493 for the same period a year ago.

CarBiz Inc. announced earnings results for the second quarter ended July 31, 2009. For the quarter, the company reported net profit for the period of $4,417,892 on total revenue or $12,819,380 compared to net profit for the period of $1,530,838 on total revenue of $8,783,948 for the same period last year. Operating income was $1,405,848 as compared to an operating loss of $1,116,753 in the same period last year. The company announced the promotion of Paul Whitley to the position of Chief Operating Officer. Paul was previously the director of finance for the company.

On September 10, 2009, Carbiz Inc. announced that Paul R. Whitley has been appointed as Chief Operating Officer of the company. Mr. Whitley's appointment was effective on September 1, 2009. Mr. Whitley, 61, has served as director of finance for the company since joining the Company in January 2009. He served as Senior Vice President of BRG Services from June 2006 to December 2008.