CarMax Q3 EPS $0.52 Beats $0.47 Estimate, Sales $6.15B Miss $6.35B Estimate
Portfolio Pulse from Benzinga Newsdesk
CarMax (NYSE:KMX) reported Q3 earnings of $0.52 per share, surpassing the consensus estimate of $0.47, a 116.67% increase from last year. However, sales of $6.15B fell short of the $6.35B estimate, marking a 5.50% decline from the previous year.
December 21, 2023 | 11:52 am
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CarMax reported higher-than-expected Q3 EPS at $0.52, a significant increase from last year, but sales missed estimates, showing a year-over-year decline.
The mixed results with an EPS beat but a miss on revenue could lead to neutral market sentiment in the short term. Investors may weigh the positive earnings growth against the sales decline.
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