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CarMax (KMX) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $0.97 per share a year ago.
Carmax logged higher profit and sales in its fiscal first quarter as the company sold more cars, despite slightly lower prices.
CarMax Inc. shares are up 9.7% in premarket trading on Friday after the used-car retailer's first-quarter profit topped Wall Street's estimates, boosted by better-than-expected sales. CarMax's profit of $1.38 a share beat the FactSet consensus estimate of $1.16 a share.
The used-car retailer beats first-quarter earnings expectations as same-store sales jump 8.1%.
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2025. First Quarter Highlights:(1) Net earnings per diluted share increased 42.3% to $1.38 from $0.97 a year ago. Retail used unit sales increased 9.0% and comparable store used unit sales increased 8.1%; wholesale units increased 1.2%. Total gross profit increased 12.8% to $893.6 million, driven by higher unit volumes and strong unit margin performance. Record high gross profit pe.
Jenny Horne and Rick Ducat preview a trio of stocks reporting earnings on Friday. Kroger (KR) shares are up more than 25% over the last year as the grocery chain moves on from its attempted Albertsons (ACI) acquisition.
After two months of relative stability, new data from CarMax KMX Auto Finance (CAF) shows a renewed uptick in loan delinquencies and net losses, raising concerns about credit quality across the used auto lender's portfolio.
CarMax, Inc. KMX will release its first-quarter financial results before the opening bell on Friday, June 20.
Beyond analysts' top -and-bottom-line estimates for CarMax (KMX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended May 2025.
CarMax (NYSE:KMX) is scheduled to announce its Q1 FY'26 earnings on Friday, June 20th. Analysts predict that revenue will rise to approximately $7.56 billion for the quarter, reflecting a 6% increase year-over-year, while adjusted earnings are anticipated to be around $1.19 per share, compared to $0.97 in the same quarter last year.