Soaring Used Car Prices Sent CarMax (KMX) Earnings Higher, Shares Surge on a 'Big Beat'
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CarMax Reports Record First Quarter Fiscal 2022 Results
June 25, 2021 6:50 AM EDTRICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX), the nations largest and most profitable retailer of used cars, today reported results for the first quarter ended May 31, 2021.
Highlights:
Diversified business model delivered record net revenues of $7.70 billion, up 138.4% compared with the prior year first quarter and up 43% over a record first quarter fiscal year 2020. Net earnings per diluted share of $2.63, up from $0.03 per diluted share a year ago and up 65% over a record first quarter... More