Market Overview

UPDATE: CarMax Q3 Profit Surges 15%

Related KMX
Auto Industry Shifting From New To Used? CarMax Consistently Outperforms During Car Stock Weakness
Benzinga's Top Upgrades
30 Trades To Profit From The Self-Driving Car (Seeking Alpha)

CarMax (NYSE: KMX) reported a 15% rise in its third-quarter profit.

CarMax's quarterly profit surged to $94.7 million, or $0.41 per share, versus $82.1 million, or $0.36 per share, in the year-earlier period.

Its revenue climbed to $2.6 billion from $2.26 billion. However, analysts were expecting earnings of $0.39 per share on sales of $2.47 billion.

CarMax shares closed at $34.84 yesterday.

Posted-In: profitEarnings News


Related Articles (KMX)

View Comments and Join the Discussion!