CarMax Q4 EPS $0.32 Misses $0.49 Estimate, Sales $5.63B Miss $5.79B Estimate
Portfolio Pulse from Benzinga Newsdesk
CarMax (NYSE:KMX) reported Q4 earnings of $0.32 per share, missing the consensus estimate of $0.49, and sales of $5.63B, missing the $5.79B estimate. This represents a decrease in both earnings and sales compared to the same period last year.
April 11, 2024 | 10:52 am
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NEGATIVE IMPACT
CarMax reported lower than expected Q4 earnings and sales, with a significant miss on EPS and a slight miss on revenue estimates.
The significant miss on both earnings per share and sales compared to analyst expectations suggests a negative short-term impact on CarMax's stock price. The year-over-year decrease in earnings and sales further compounds the negative outlook, indicating potential challenges in the company's operational performance and market conditions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100