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KMX / CarMax stock accelerates on 4Q earnings beat

CarMax, Inc (NYSE:KMX) has reported fourth-quarter earnings that beat expectations after it took steps to increase efficiencies in the face of declining demand for pre-owned vehicles, sending its shares more than 10% higher in early trade. The company's sales declined by 25.6% to $5.7 billion in the three months ended February 28, 2023, missing analyst estimates of $6.04 billion while net earnings per diluted share came in at $0.44, down from $0.98 a year earlier but well ahead of Refinitiv estimates of 24 cents per share. Read More

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Posted: Apr 11 2023, 10:02

Author Name: Proactive Investors

KMX News

By CNBC Television
October 10, 2023

CarMax CEO on UAW strike: It's too early to tell how it will impact the used-car market

CarMax CEO Bill Nash joins 'Mad Money' host Jim Cramer to talk vehicle affordability, inflations impact on the used car market and rising rates.

By Zacks Investment Research
October 2, 2023

CarMax's (KMX) Q2 Earnings On Par With Estimates, Decline Y/Y

CarMax's (KMX) second-quarter comparable store used-vehicle units declined by 9%, while revenues fell by 12.5% from the prior-year level.

By MarketBeat
September 29, 2023

CarMax Slides On Earnings Disappointment, Time To Celebrate?

Many investors are familiar with that uneasy feeling you can get in the pit of your stomach when a stock dives after a bad earnings announcement. It m

By Investopedia
September 28, 2023

CarMax Shares Sink as Used Car Demand Falls Amid Rising Loan Costs

CarMax (KMX) shares tumbled over 9% in early trading on Thursday after reporting a profit below forecasts as demand for used vehicles slowed and the c

By The Motley Fool
September 28, 2023

Why CarMax Stock Crashed 9.8% Today

CarMax reported lower Q2 earnings this morning, and much lower sales. Management is making the best of a bad situation.

By Proactive Investors
September 28, 2023

CarMax shares in reverse as ‘vehicle affordability challenges' drag on 2Q earnings

CarMax, Inc (NYSE:KMX) shares tumbled more than 11% after its second quarter fiscal 2024 results highlighted the continued impact of the challenging e

By Zacks Investment Research
September 28, 2023

CarMax (KMX) Q2 Earnings Meet Estimates

CarMax (KMX) came out with quarterly earnings of $0.75 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.79 per sh

By Barrons
September 28, 2023

CarMax Stock Slides as Quarterly Revenue Declines 13%

The used-car seller says 'vehicle affordability' weighed on second-quarter sales.

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