CarMax (KMX) Misses Q1 EPS by 1c, Revenue Beats
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CarMax Reports First Quarter Fiscal 2021 Results
June 19, 2020 6:50 AM EDTRICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX), the nations largest retailer of used cars, today reported results for the first quarter ended May 31, 2020.
Highlights:
First quarter performance significantly impacted by the Coronavirus pandemic. More than 80% of the days in the quarter were negatively impacted by a mix of store closures and limited operations(1). In addition, open stores were also impacted by occupancy restrictions. For the quarter, comparable store used unit sales declined 42%. Sales have progressively... More