CarMax Inc. KMX , headquartered in Richmond, VA, operates as a specialty retailer of used vehicles as well as new vehicles.
Earnings
CarMax’s third quarter of fiscal 2018 (ended Nov 30, 2017) earnings increased 12.5% year over year to 81 cents share in the third quarter of fiscal 2018. However, it came in lower than the Zacks Consensus Estimate of 82 cents.
Revenues
CarMax reported revenues of $4.11 billion, up 11% year over year. Moreover, revenues surpassed the Zacks Consensus Estimate of $4 billion.
Estimate Trend & Surprise History
Investors should note that Zacks Consensus Estimate for earnings has remained unchanged at 82 cents per share over the past 30 days.
The company has delivered positive earnings surprises in all the trailing four quarters with an average positive surprise of 5.6%.
Key Stats/Developments to Note
During the third quarter of fiscal 2018, used unit sales in comparable stores grew 8.2% year over year.
During the quarter, CarMax Auto Finance (CAF) income rose 15.1% year over year to $102.8 million.
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!
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CarMax (KMX) Q3 Earnings Miss Estimates, Up Y/Y
CarMax Inc. KMX , headquartered in Richmond, VA, operates as a specialty retailer of used vehicles as well as new vehicles.
Earnings
CarMax’s third quarter of fiscal 2018 (ended Nov 30, 2017) earnings increased 12.5% year over year to 81 cents share in the third quarter of fiscal 2018. However, it came in lower than the Zacks Consensus Estimate of 82 cents.
Revenues
CarMax reported revenues of $4.11 billion, up 11% year over year. Moreover, revenues surpassed the Zacks Consensus Estimate of $4 billion.
Estimate Trend & Surprise History
Investors should note that Zacks Consensus Estimate for earnings has remained unchanged at 82 cents per share over the past 30 days.
The company has delivered positive earnings surprises in all the trailing four quarters with an average positive surprise of 5.6%.
CarMax Inc Price and EPS Surprise
CarMax Inc Price and EPS Surprise | CarMax Inc Quote
Key Stats/Developments to Note
During the third quarter of fiscal 2018, used unit sales in comparable stores grew 8.2% year over year.
During the quarter, CarMax Auto Finance (CAF) income rose 15.1% year over year to $102.8 million.
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!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>