Soaring Used Car Prices Sent CarMax (KMX) Earnings Higher, Shares Surge on a 'Big Beat'
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/21/2026
- Wall Street ends sharply higher as AI optimism reignites and Treasury yields retreat
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Oil price dips to $100 on hopes of US-Iran diplomacy, partial recovery in Saudi exports
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Qatar Investment Authority targets $20B partnership with JPMorgan - Bloomberg
- Wall Street ends sharply higher as AI optimism reignites and Treasury yields retreat
Used-car retailer CarMax profit beats as stimulus checks drive demand
June 25, 2021 6:59 AM EDT(Reuters) -Used-car retailer CarMax Inc topped Wall Street estimates for quarterly profit and revenue as people used their stimulus checks to buy personal vehicles, with public transport losing favor due to pandemic-driven health concerns.
Shares of the company were up 7.2% at $128 in morning trade on Friday, after it said retail used-unit sales doubled to 270,799 units in the first quarter.
Low interest rates, government stimulus and a preference for... More
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