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Analysts expect continued industry disruption from online car retailers.
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will report its financial results for the fourth quarter ended February 29, 2024 before the market opens on April 11, 2024, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president and CEO, Enrique Mayor-Mora, executive vice president, CFO and Jon Daniels, senior vice president, CAF Operations. The live conference call can be accessed by dialing (.
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The stock market has started 2024 on a low note, witnessing a sell-off for most equities despite underlying fundamentals such as the possible interest rate cuts by the Federal Reserve.
Despite the holiday season, markets and the news cycle aren't slowing down. As we approach the New Year, information related to stocks and publicly traded companies continues to move quickly.
CarMax handily beat earnings expectations for its fiscal third quarter. The used-vehicle retailer also resumed share repurchases during the quarter and has $2.41 billion remaining under its buyback authorization.
CarMax, Inc (NYSE:KMX) stock railled 4% Thursday afternoon on fiscal third-quarter earnings that beta expectations. The largest US used car dealer posted earnings of $0.52 per share, topping expectations of $0.43 per share.
Options traders are targeting CarMax Inc (NYSE:KMX), after the used-car retailer reported better-than-expected third-quarter earnings of 52 cents per share, more than doubling the 24 cents per share from the same quarter a year ago.
CarMax (KMX) shares took off after the biggest U.S. used car dealer beat profit forecasts as it sold more vehicles in the wholesale market. The company also reinstated its share repurchase program.
CarMax, Inc. (KMX) Q3 2024 Earnings Call Transcript