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CarMax (KMX) Q2 Earnings & Revenue Beat Estimates, Up Y/Y
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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’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.
Check back later for our full write up on AutoZone’s earnings report!
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Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.
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CarMax (KMX) Q2 Earnings & Revenue Beat Estimates, Up Y/Y
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
CarMax Inc Price and EPS Surprise | CarMax Inc Quote
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!
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.
See these buy recommendations now >>