CarMax (KMX) Shares Fall as EPS Misses on Macro Issues, Co. Raises Long-Term Targets
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CarMax Reports Fourth Quarter and Fiscal Year 2022 Results
April 12, 2022 6:50 AM EDT
Posts Substantial Increase in Nationwide Used Vehicle Market Share
Raises Long-Term Targets
RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX) today reported results for the fourth quarter and fiscal year ended February 28, 2022.
Highlights:
CarMaxs share of the nationwide age 0-10 year old used vehicle market increased to a record 4.0% in calendar year 2021, up approximately 13% from 3.5% in calendar year 2020. Net revenues rose 48.8% to $7.7 billion compared with the prior year fourth quarter. For the fiscal year, net revenues... More