CarMax (KMX) Reports In-Line Q2 EPS

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Go back to CarMax (KMX) Reports In-Line Q2 EPS

CarMax Reports Second Quarter Results

September 21, 2016 7:35 AM EDT

RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX) today reported results for the second quarter ended August 31, 2016.

Net sales and operating revenues increased 2.9% to $4.00 billion. Used unit sales in comparable stores increased 3.1%. Total used unit sales rose 7.0%. Total wholesale unit sales declined 1.3%. CarMax Auto Finance (CAF) income declined 2.4% to $96.0 million. Net earnings declined $9.9 million, or 5.7%, to $162.4 million, while net earnings per diluted share rose 2.4%... More