CarMax Q1 EPS $0.97 Beats $0.94 Estimate, Sales $7.11B Miss $7.21B Estimate
Portfolio Pulse from Benzinga Newsdesk
CarMax (NYSE:KMX) reported Q1 earnings per share (EPS) of $0.97, beating the analyst estimate of $0.94. However, sales of $7.11 billion missed the $7.21 billion estimate. Both EPS and sales showed a decline compared to the same period last year.
June 21, 2024 | 10:52 am
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CarMax reported Q1 EPS of $0.97, beating the estimate of $0.94, but sales of $7.11 billion missed the $7.21 billion estimate. Both EPS and sales declined compared to last year.
While CarMax's EPS beat expectations, the miss on sales and the year-over-year decline in both EPS and sales could create mixed sentiment among investors. The short-term impact on the stock price is likely to be neutral as the positive EPS surprise is offset by the sales miss and overall decline.
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IMPORTANCE 80
RELEVANCE 100