CarMax (KMX) Tops Q4 EPS by 18c, Offers Coronavirus Update

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Go back to CarMax (KMX) Tops Q4 EPS by 18c, Offers Coronavirus Update

CarMax Reports Record Fourth Quarter and Fiscal Year 2020 Results

April 2, 2020 6:50 AM EDT

RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX), the nations largest retailer of used cars, today reported record sales and earnings for the fourth quarter and fiscal year ended February 29, 2020. The company also discussed its response to the rapidly evolving Coronavirus situation.

Highlights:

Net sales and operating revenues increased 14.9% to $4.96 billion in the fourth quarter. For the fiscal year, net sales and operating revenues increased 11.8% to $20.32 billion. Total used unit sales rose 14.7% in the fourth... More