CarMax Inc. (NYSE:KMX) , headquartered in Richmond, VA, operates as a specialty retailer of used vehicles as well as new vehicles.
Earnings
CarMax’s fourth quarter of fiscal 2018 (ended Feb 28, 2018) adjusted earnings came in at 77 cents per share, missing the Zacks Consensus Estimate of 89 cents.
Revenues
CarMax reported revenues of $4.1 billion, up 0.8% year over year. However, revenues missed the Zacks Consensus Estimate of $4.2 billion.
Estimate Trend & Surprise History
Investors should note that Zacks Consensus Estimate for earnings has remained unchanged at 89 cents per share over the past seven days.
In the last reported quarter, the company reported negative earnings surprise of 1.2%. However, the company has delivered positive earnings surprises in three of the trailing four quarters with an average positive surprise of 5%.
Key Stats/Developments to Note
During the fourth quarter of fiscal 2018, used unit sales in comparable stores declined 8% year over year.
During the quarter, CarMax Auto Finance (CAF) income rose 21.9% year over year to $101.1 million.
Zacks Rank
CarMax currently has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on CarMax’s earnings report!
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CarMax, Inc. (KMX): Free Stock Analysis Report
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