CarMax (KMX) Reports In-Line Q1 EPS; Used Comps Rose 4.9%

CarMax (NYSE: KMX) reported Q1 EPS of $0.86, in-line with the analyst estimate of $0.86. Revenue for the quarter came in at $4.01 billion versus the consensus estimate of $4.15 billion.

• Used unit sales in comparable stores increased 4.9%.
• Total used unit sales rose 9.3%.
• Total wholesale unit sales increased 4.7%.
• CarMax Auto Finance (CAF) income increased 15.3% to $109.1 million.

“We had another great quarter, setting all-time records for quarterly sales and earnings,” said Tom Folliard, president and chief executive officer. “Continued strong performances in our used, wholesale and CAF operations, along with the growth of our store base and our ongoing share repurchase program, contributed to our solid results.”

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

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