CarMax Inc. (KMX - Free Report) , 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 Report) , 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!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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