CarMax Q2 EPS $0.75 Misses $0.78 Estimate, Sales $7.07B Beat $7.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
CarMax (NYSE:KMX) reported Q2 earnings of $0.75 per share, missing the analyst consensus estimate of $0.78 by 3.85%. This is a 5.06% decrease from the same period last year. The company's quarterly sales were $7.07 billion, beating the analyst consensus estimate of $7.03 billion by 0.61%. This is a 13.16% decrease from the same period last year.
September 28, 2023 | 10:53 am
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CarMax's Q2 earnings missed estimates and decreased YoY, while sales beat estimates but also decreased YoY.
CarMax's earnings miss and YoY decrease, along with the YoY decrease in sales despite beating estimates, could negatively impact investor sentiment and the stock price in the short term.
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