CarMax Reports Record First Quarter Results
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Sterne Agee CRT Remains Bullish on CarMax (KMX) Following 1Q15 Results
June 22, 2015 6:56 AM EDTSterne Agee CRT reiterates a Buy rating and $87.00 price target on CarMax (NYSE: KMX) following 1Q15 results. Top-line growth came in lower than expected, causing shares to trade lower on Friday. However, analyst Ali Faghri says that underlying demand remains strong, and fundamentals continue to... More
CarMax (KMX) Reports In-Line Q1 EPS; Used Comps Rose 4.9%
June 19, 2015 7:37 AM EDTCarMax (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... More