CarMax (KMX) Misses Q1 EPS by 1c, Misses on Revenue
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CarMax Reports First Quarter Fiscal Year 2025 Results
June 21, 2024 6:50 AM EDTAnnounces the expansion of its asset-backed securitization program to enable incremental growth in finance income
RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX) today reported results for the first quarter ended May 31, 2024.
First Quarter Highlights:
Retail used unit sales decreased 3.1% and comparable store used unit sales decreased 3.8% from the prior years first quarter; wholesale units declined 8.3% from the prior years first quarter, impacted by lower year-over-year seasonal appreciation. Delivered strong margins in retail,... More