CarMax (KMX) Tops Q3 EPS by 19c

CarMax (NYSE: KMX) reported Q3 EPS of $1.63, $0.19 better than the analyst estimate of $1.44. Revenue for the quarter came in at $8.5 billion versus the consensus estimate of $7.53 billion.

CEO Commentary:

“Our solid execution, customer-centric omni-channel strategy, and macro factors are driving strong performance across our diversified businesses,” said Bill Nash, president and chief executive officer. “Our top line momentum continued into this quarter and we achieved record levels of third quarter unit sales in both retail and wholesale, generating all-time record revenues. We also bought more cars from customers than ever before. We are excited about the opportunities ahead of us and believe that by delivering the most customer-centric experience in the industry, we will enable sustainable growth and create meaningful long-term shareholder value.”

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

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