CarMax (KMX) Misses Q1 EPS by 2c; Used Comps Rose 0.2%
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CarMax Reports First Quarter Results
June 21, 2016 7:35 AM EDTRICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX) today reported results for the first quarter ended May 31, 2016.
Net sales and operating revenues increased 2.8% to $4.13 billion. Used unit sales in comparable stores increased 0.2%. Total used unit sales rose 4.0%. Total wholesale unit sales increased 1.8%. CarMax Auto Finance (CAF) income declined 7.7% to $100.8 million. Net earnings declined 3.6% to $175.4 million, while net earnings per diluted share rose 4.7% to $0.90.... More
