CarMax Q2 EPS $0.85 Misses $0.86 Estimate, Sales $7.01B Beat $6.79B Estimate
Portfolio Pulse from Benzinga Newsdesk
CarMax reported Q2 earnings per share of $0.85, missing the $0.86 estimate, but sales of $7.01 billion beat the $6.79 billion estimate. EPS increased by 13.33% from last year, while sales decreased by 0.86% from the same period last year.
September 26, 2024 | 10:53 am
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CarMax's Q2 EPS of $0.85 missed the $0.86 estimate, but sales of $7.01B exceeded the $6.79B estimate. EPS rose 13.33% YoY, while sales fell 0.86% YoY.
CarMax's earnings per share slightly missed expectations, which could be seen negatively by investors. However, the sales beat expectations, which is a positive sign. The mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100