CarMax Q1 Adj. EPS $1.16 Beats $0.79 Estimate, Sales $7.69B Beat $7.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
CarMax reported Q1 earnings of $1.44 per share, beating the analyst consensus estimate of $0.79 by 82.28%. Quarterly sales were $7.69 billion, surpassing the estimate of $7.53 billion by 2.12%. However, this represents a decrease in earnings and sales compared to the same period last year.
June 23, 2023 | 10:53 am
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CarMax's Q1 earnings and sales beat analyst estimates, but both figures decreased compared to the same period last year.
CarMax's better-than-expected Q1 earnings and sales are likely to have a positive short-term impact on its stock price. However, the decrease in earnings and sales compared to last year may temper the enthusiasm of some investors.
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