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
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100