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CarMax (KMX) Q2 Earnings & Revenue Beat Estimates, Up Y/Y
September 22, 2017

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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.

Estimate Trend & Surprise History

Investors should note that earnings estimates for the second quarter of fiscal 2018 (ended Aug 31, 2017) for CarMax have inched up over the past seven days.

The company has delivered positive earnings surprises in the trailing four quarters. It has surpassed the Zacks Consensus Estimate in all the quarters, with an average positive surprise of 4.8%.

We have highlighted some of the key stats from this just-revealed announcement below:

CarMax Inc Price and EPS Surprise

Earnings

CarMax’s earnings increased 11.4% year over year to 98 cents share in the second quarter of fiscal 2018. It also surpassed the Zacks Consensus Estimate of 95 cents.

Revenues

CarMax reported revenues of $4.39 billion, up 9.7% year over year. Moreover, revenues surpassed the Zacks Consensus Estimate of $4.27 billion.

Key Stats/Developments to Note

During the second quarter of fiscal 2018, used unit sales in comparable stores grew 5.3% year over year and total used vehicles unit sales rose 11.1%.

During the quarter, CarMax Auto Finance (CAF) income rose 12.5% year over year to $107.9 million.

Zacks Rank

CarMax currently has a Zacks Rank #2 (Buy), 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 AutoZone’s earnings report!

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