Back to top

CarMax's (KMX) Q1 Earnings Surpassed Estimates, Gains Y/Y

Read MoreHide Full Article

Headquartered in Richmond, VA, CarMax Inc. (KMX - Free Report) is a leading retailer of used vehicles, which operates through 190 used car stores in 92 television markets.

Earnings

CarMax’s first quarter of fiscal 2019 (ended May 31, 2018) adjusted earnings came in at $1.33 per share reflecting a year over year rise of 17.7%. Further, the figure surpassed the Zacks Consensus Estimate of $1.21.

Revenues

Net sales and operating revenues came in at $4.79 billion, up 5.5% year over year. Moreover, revenues surpassed the Zacks Consensus Estimate of $4.63 billion.

Estimate Trend & Surprise History

Investors should note that Zacks Consensus Estimate for the first quarter of fiscal 2019 earnings has been revised 0.8% downward over the last seven days.

In the last reported quarter, the company reported negative earnings surprise of 13.5%. In the trailing four quarters, the company surpassed estimates twice while missing the other two, recording an average beat of 0.9%.

CarMax, Inc. Price and EPS Surprise

Key Stats/Developments to Note

During the first quarter of fiscal 2018, used vehicle revenues rose 4.6% to $4 billion and wholesale vehicle revenues rose 11.6% to $617.7 million

Further, within the next 12 months from May 31, 2018, CarMax plans to enter in 10 new television markets and expand its presence in five existing television markets.

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!

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. 

See the pot trades we're targeting>>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


CarMax, Inc. (KMX) - free report >>

More from Zacks Tale of the Tape

You May Like