CarMax (KMX) Misses Q1 EPS by 1c, Misses on Revenue

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Go back to CarMax (KMX) Misses Q1 EPS by 1c, Misses on Revenue

CarMax Reports First Quarter Fiscal Year 2025 Results

June 21, 2024 6:50 AM EDT

Announces the expansion of its asset-backed securitization program to enable incremental growth in finance income

RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX) today reported results for the first quarter ended May 31, 2024.

First Quarter Highlights:

Retail used unit sales decreased 3.1% and comparable store used unit sales decreased 3.8% from the prior years first quarter; wholesale units declined 8.3% from the prior years first quarter, impacted by lower year-over-year seasonal appreciation. Delivered strong margins in retail,... More