CarMax Inc. KMX , headquartered in Richmond, VA, operates as a specialty retailer of used vehicles as well as new vehicles.
Earnings
CarMax’s third quarter of fiscal 2018 (ended Nov 30, 2017) earnings increased 12.5% year over year to 81 cents share in the third quarter of fiscal 2018. However, it came in lower than the Zacks Consensus Estimate of 82 cents.
Revenues
CarMax reported revenues of $4.11 billion, up 11% year over year. Moreover, revenues surpassed the Zacks Consensus Estimate of $4 billion.
Estimate Trend & Surprise History
Investors should note that Zacks Consensus Estimate for earnings has remained unchanged at 82 cents per share over the past 30 days.
The company has delivered positive earnings surprises in all the trailing four quarters with an average positive surprise of 5.6%.
Key Stats/Developments to Note
During the third quarter of fiscal 2018, used unit sales in comparable stores grew 8.2% year over year.
During the quarter, CarMax Auto Finance (CAF) income rose 15.1% year over year to $102.8 million.
Zacks Rank
CarMax currently has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on CarMax’s earnings report!
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