CarMax Reports Third Quarter Results

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Go back to CarMax Reports Third Quarter Results

Sterne Agee CRT Cuts Price Target on CarMax (KMX) to $67 Following 3Q Miss

December 21, 2015 7:48 AM EST

Sterne Agee CRT maintained a Buy rating on CarMax (NYSE: KMX), and cut the price target to $67.00 (from $68.00), following the company's 3Q earnings report. KMX reported 3Q15 EPS of $0.63 vs. $0.60 in the year-earlier period, below the Street at $0.68. Used unit comps of -0.8% missed both the Street (+1.9%)... More

CarMax (KMX) Misses Q3 EPS by 6c

December 18, 2015 6:51 AM EST

CarMax (NYSE: KMX) reported Q3 EPS of $0.63, $0.06 worse than the analyst estimate of $0.69. Revenue for the quarter came in at $3.54 million versus the consensus estimate of $3.65 million.

Used unit sales in comparable stores declined 0.8%.Total used... More