CarMax (KMX) Misses Q4 EPS by 35c
Get Alerts KMX Hot Sheet
Revenue Growth %: -6.4%
Financial Fact:
Item as a percent of net sales and operating revenues: 0
Today's EPS Names:
TOWN, NRIM, GCBC, More
Join SI Premium – FREE
CarMax (NYSE: KMX) reported Q4 EPS of $0.98, $0.35 worse than the analyst estimate of $1.33. Revenue for the quarter came in at $7.7 billion versus the consensus estimate of $7.67 billion.
Long-Term Targets:
In May 2021, we introduced 5-year financial targets, including: (i) selling 2 million vehicles through our combined retail and wholesale channels by fiscal 2026; (ii) generating $33 billion in revenue by fiscal 2026; and (iii) growing our nationwide share of the age 0-10 used vehicle market to more than 5% by the end of calendar 2025. Although we do not anticipate updating these targets annually, given our strong performance in fiscal 2022, we believe it is appropriate to provide the following update at this time:
- Sell between 2 million and 2.4 million vehicles through our combined retail and wholesale channels by fiscal 2026.
- Generate between $33 billion and $45 billion in revenue by fiscal 2026.
- Re-affirm the growth of our nationwide share of the age 0-10 used vehicle market to more than 5% by the end of calendar 2025.
For earnings history and earnings-related data on CarMax (KMX) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- VIST Financial Corp. (VIST) Misses Q1 EPS by 19c
- Impinj (PI) Tops Q1 EPS by 11c, provides guidance
Create E-mail Alert Related Categories
Earnings, GuidanceRelated Entities
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!