Used-car retailer CarMax profit beats as stimulus checks drive demand
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Soaring Used Car Prices Sent CarMax (KMX) Earnings Higher, Shares Surge on a 'Big Beat'
June 25, 2021 9:56 AM EDTShares of CarMax, Inc (NYSE: KMX), the nation's largest used car company, are up over 5% in todays trading session after the reported crushed analysts estimates for Q1 results.
The company reported earnings of $2.63 per share to smash the $1.63 expected from market analysts. Business sales came in at $7.7 billion to again easily exceed the $6.18 billion expected from the Street.
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