Shares of CarMax KMX gained more than 7% in pre-market trading after the company reported upbeat Q4 results.
Quarterly Results
Earnings per share rose 15.04% year over year to $1.30, which beat the estimate of $1.12.
Revenue of $4,962,000,000 rose by 14.89% from the same period last year, which beat the estimate of $4,670,000,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Apr 02, 2020
Time: 03:00 PM ET
Recent Stock Performance
52-week high: $103.18
Company's 52-week low was at $37.59
Price action over last quarter: down 41.86%
Company Profile
CarMax sells, finances, and services used and new cars through a chain of more than 200 retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales account for about 84% of revenue, wholesale about 13%, and the remaining portion is composed of extended service plans and repair. In fiscal 2019, the company retailed and wholesaled 748,961 and 447,491 used vehicles, respectively.
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