CarMax Reports Record First Quarter Fiscal 2022 Results
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Soaring Used Car Prices Sent CarMax (KMX) Earnings Higher, Shares Surge on a 'Big Beat'
June 25, 2021 9:56 AM EDTShares of CarMax, Inc (NYSE: KMX), the nation's largest used car company, are up over 5% in todays trading session after the reported crushed analysts estimates for Q1 results.
The company reported earnings of $2.63 per share to smash the $1.63 expected from market analysts. Business sales came in at $7.7 billion to again easily exceed the $6.18 billion expected from the Street.
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CarMax (KMX) Tops Q1 EPS by $1.00
June 25, 2021 6:53 AM EDTCarMax (NYSE: KMX) reported Q1 EPS of $2.63, $1.00 better than the analyst estimate of $1.63. Revenue for the quarter came in at $7.7 billion versus the consensus estimate of $6.24 billion.
Long-Term Targets. In May, we introduced long-term targets of $33 billion in revenue and 2 million... More