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Carmax (KMX) Posts Q2 EPS of 70c

September 23, 2014 7:37 AM EDT

Carmax Inc (NYSE: KMX) reported Q2 EPS of $0.70, which may not compare with the analyst estimate of $0.67. Revenue for the quarter came in at $3.6 billion versus the consensus estimate of $3.57 billion.

Net earnings per diluted share for the current quarter included a $0.06 benefit in connection with the company's receipt of settlement proceeds in a previously disclosed class action lawsuit.

Comparable store used unit sales increased 0.2% versus the prior year’s second quarter.

  • Used sales rose 10.6 percent to $2.92 billion
  • New sales increased 16.6 percent to $69.9 million
  • Wholesale sales improved 11.7 percent to $530.3 million

"We are pleased to report record second quarter results, even before considering the benefit of the settlement proceeds,” said Tom Folliard, president and chief executive officer. “The continued growth in our store base and improvements across our used, wholesale and CAF operations, as well as our share repurchase program, all contributed to our record second quarter earnings per share.”

For earnings history and earnings-related data on Carmax Inc (KMX) click here.



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