CarMax (KMX) Tops Q1 Views
KMX Hot Sheet
EPS Growth %: +5.1%Financial Fact:
New vehicle sales: 46.85M
Today's EPS Names:
RAH, NAVR, UVV, More
CarMax Inc. (NYSE: KMX) reports Q1 EPS of $0.13, versus the consensus of $0.04 Net sales fell 17% to $1.83 billion, versus the consensus of $1.72 billion.
Comparable store used unit sales declined 17% for the quarter. Total used unit sales decreased 13% in the first quarter.
As of May 31, 2009, $636.0 million of auto loan receivables were outstanding in the warehouse facility and unused warehouse capacity totaled $764.0 million. The warehouse facility has an annual term, and it expires in July 2009. We are currently working on the renewal or replacement of this facility, which is used as the initial funding source for CAF auto loans.
Comparable store used unit sales declined 17% for the quarter. Total used unit sales decreased 13% in the first quarter.
As of May 31, 2009, $636.0 million of auto loan receivables were outstanding in the warehouse facility and unused warehouse capacity totaled $764.0 million. The warehouse facility has an annual term, and it expires in July 2009. We are currently working on the renewal or replacement of this facility, which is used as the initial funding source for CAF auto loans.
You May Also Be Interested In
- UPDATE: Ralph Lauren Corp (RL) Reports Solid Q4 Results; Guides FY13 Sales
- Guess?, Inc. (GES) Tops Q1 EPS by 3c; Guides Q2, Reaffirms FY13
- Navarre Corp (NAVR) Misses Q4 Loss Views by 3c/Share
Create E-mail Alert Related Categories
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
