CarMax Reports Fourth Quarter and Fiscal Year 2021 Results
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CarMax (KMX) Tops Q4 EPS by 1c
April 1, 2021 6:52 AM EDTCarMax (NYSE: KMX) reported Q4 EPS of $1.27, $0.01 better than the analyst estimate of $1.26. Revenue for the quarter came in at $5.16 billion versus the consensus estimate of $5.17 billion.
Fourth Quarter Highlights and Recent Developments:
Net sales and operating revenues increased 4.1% to $5.16 billion when compared with the prior year fourth quarter. Net earnings decreased 2.3% to $209.9 million and net earnings per diluted share decreased 2.3% to $1.27 compared with the prior year quarter.Total used unit sales and unit sales in comparable stores decreased 0.9% and 2.3%, respectively, and wholesale units decreased 1.2% when compared with the prior... More