CarMax (KMX) Tops Q4 EPS by 2c
CarMax (NYSE: KMX) reported Q4 EPS of $0.81, $0.02 better than the analyst estimate of $0.79. Revenue for the quarter came in at $4.05 billion versus the consensus estimate of $3.93 billion.
- Net sales and operating revenues increased 9.3% to $4.05 billion in the fourth quarter. For the fiscal year, net sales and operating revenues increased 4.8% to $15.88 billion.
- Used unit sales in comparable stores increased 8.7% in the fourth quarter and 4.3% in the fiscal year.
- Total used unit sales rose 13.4% in the fourth quarter and 8.3% in the fiscal year.
- Total wholesale unit sales declined 1.2% in the fourth quarter and 0.7% in the fiscal year.
- CarMax Auto Finance (CAF) income declined 10.2% to $82.9 million in the fourth quarter. For the fiscal year, CAF income declined 5.9% to $369.0 million.
- In the fourth quarter, net earnings increased 8.2% to $152.6 million and net earnings per diluted share rose 14.1% to $0.81. Year-over-year comparisons were affected by a previously disclosed impairment-related charge of $5.2 million, net of tax, or $0.03 per diluted share, which reduced the prior year’s fourth quarter results.
- For the fiscal year, net earnings increased 0.6% to $627.0 million and net earnings per diluted share rose 7.6% to $3.26.
For earnings history and earnings-related data on CarMax (KMX) click here.
