Soaring Used Car Prices Sent CarMax (KMX) Earnings Higher, Shares Surge on a 'Big Beat'
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
CarMax Reports Record First Quarter Fiscal 2022 Results
June 25, 2021 6:50 AM EDTRICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX), the nations largest and most profitable retailer of used cars, today reported results for the first quarter ended May 31, 2021.
Highlights:
Diversified business model delivered record net revenues of $7.70 billion, up 138.4% compared with the prior year first quarter and up 43% over a record first quarter fiscal year 2020. Net earnings per diluted share of $2.63, up from $0.03 per diluted share a year ago and up 65% over a record first quarter... More