Form 8-K CARMAX INC For: Apr 11

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Go back to Form 8-K CARMAX INC For: Apr 11

CarMax (KMX) Shares Fall as EPS Misses on Macro Issues, Co. Raises Long-Term Targets

April 12, 2022 7:14 AM EDT

CarMax (NYSE: KMX) shares fell 5% in pre-open trading Tuesday following disappointing earnings, a possible warning sign for the used car boom. The company, however, raised long-term targets.

The company posted fourth-quarter earnings of $0.98 per share, $0.35 worse than the analyst estimate of $1.33. Revenue for the quarter rose 49% to $7.7 billion... More