UPDATE: 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 adjusted EPS of $1.16, beating the $0.79 estimate, and sales of $7.69B, beating the $7.53B estimate. However, this represents a 25.64% decrease in earnings and a 17.42% decrease in sales compared to the same period last year.
June 23, 2023 | 11:08 am
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NEUTRAL IMPACT
CarMax's Q1 earnings and sales beat estimates, but both showed significant decreases compared to last year. This mixed performance may lead to a neutral short-term impact on the stock.
CarMax's Q1 results exceeded analyst expectations, which could have a positive impact on the stock. However, the significant year-over-year declines in earnings and sales may offset this positive sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100