Market Overview

CarMax: Q2 Earnings Insights

Share:

Shares of CarMax (NYSE:KMX) moved higher by 1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 27.86% year over year to $1.79, which beat the estimate of $1.08.

Revenue of $5,372,000,000 higher by 3.29% year over year, which beat the estimate of $5,210,000,000.

Outlook

CarMax hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Sep 24, 2020

Time: 09:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Finvestors.carmax.com%2Fnews-releases%2Fcalendar-of-events%2Fevent-details%2F2020%2FSecond-fiscal-quarter-ending-August-31-2020%2Fdefault.aspx&eventid=2405903&sessionid=1&key=FB7D52FC5DF0AC2C99E17A0680F6728C&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $109.31

Company's 52-week low was at $37.59

Price action over last quarter: Up 13.88%

Company Overview

CarMax sells, finances, and services used and new cars through a chain of over 220 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 85% of revenue, wholesale about 12%, and the remaining portion is composed of extended service plans and repair. In fiscal 2020, the company retailed and wholesaled 832,640 and 466,177 used vehicles, respectively.

 

Related Articles (KMX)

View Comments and Join the Discussion!

Posted-In: Earnings News