CarMax (KMX) Reports Q1 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for CarMax (KMX) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
CarMax: A Market Melt-Up Waiting to Happen for this Stock
CarMax NYSE: KMX is set up for a market melt-up because of improving market sentiment. The used car market is still struggling due to market normalization, but it is sufficient to drive solid cash flow for this business, and the trends are improving.
CarMax (KMX) Q1 Earnings Miss Estimates, Revenues Fall Y/Y
CarMax (KMX) reports lower-than-expected fiscal first-quarter results, wherein the top line falls 7.5% year over year.
CarMax rallies on first quarter numbers
CarMax Inc (NYSE:KMX) picked up in early trades even though profits fell in its latest quarter as investors decided the numbers weren't as bad as feared. Net earnings for the three months to end May 2024 dropped to $152.44 million, or $0.97 per share compared to $228.30 million, or $1.44 per share, over the same period a year ago.
CarMax (KMX) Lags Q1 Earnings and Revenue Estimates
CarMax (KMX) came out with quarterly earnings of $0.97 per share, missing the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.16 per share a year ago.
CarMax Revenue Misses Estimates but Stock Rises on Earnings Beat
Retail used unit sales fall 3.1% from the prior year.
CarMax's profit beat offsets revenue miss, as stock rises
CarMax Inc.'s stock KMX, -0.20% was up 2% in premarket trading on Friday after the used-car seller's first-quarter profit was stronger-than-expected, while its sales missed estimates. CarMax's net income for the three months ended May 31 dropped by about a third to $152.4 million, or 97 cents a share, from $228.3 million, or $1.44 a share in the year-ago period, which included a legal-settlement payment of 28 cents a share.
Used car retailer CarMax's first-quarter profit falls
CarMax reported an about 33% dip in its first-quarter profit on Friday, as lower margins from vehicles sold continued to impact the used-vehicle industry.
CarMax Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
CarMax, Inc. KMX will release earnings results for its first quarter, before the opening bell on Friday.
Here's How CarMax (KMX) is Placed Ahead of Q1 Earnings
As CarMax (KMX) prepares to release its fiscal Q1 earnings report, we take a look at the factors that will influence the results and evaluate whether the stock is a good buy now.
CarMax (KMX) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
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 2024.
Analysts Estimate CarMax (KMX) to Report a Decline in Earnings: What to Look Out for
CarMax (KMX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
