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Recap: CarMax Q1 Earnings

Benzinga Insights
·1 min read

Shares of CarMax (NYSE:KMX) rose 1.1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were down 98.11% over the past year to $0.03, which missed the estimate of $0.04.

Revenue of $3,229,000,000 decreased by 39.82% year over year, which beat the estimate of $2,710,000,000.

Guidance

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: Jun 19, 2020

View more earnings on KMX

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%2Fdefault.aspx&eventid=2156792&sessionid=1&key=7B55526CE40C9A24C320E74A4BB0CFB0&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $103.18

Company's 52-week low was at $37.59

Price action over last quarter: Up 106.17%

Company Description

CarMax sells, finances, and services used and new cars through a chain of nearly 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.

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