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CarMax (KMX) Q2 Earnings Beat on Used-Vehicle Unit Strength
CarMax Inc. KMX reported better-than expected results in second-quarter fiscal 2020 (ended Aug 31, 2019), wherein earnings and revenues surpassed estimates. The specialty retailer of used and new vehicles posted net earnings per share of $1.40, beating the Zacks Consensus Estimate of $1.33. The bottom line also compared favorably with a profit of $1.24 per share reported in the year-ago quarter.
Notably, higher-than-expected revenues across all its segments led to the outperformance. Precisely, sales in the used-vehicle segment — which contribute to bulk of CarMax’s revenues — came in at $4,346.3 million, surpassing the consensus estimate of $4,300 million. Wholesale vehicle revenues of $678.3 million also surpassed the consensus mark of $634 million.
Net sales and operating revenues in the reported quarter increased 9.1% year over year to $5,201 million. The top line beat the Zacks Consensus Estimate of $5,026 million.
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https://finance.yahoo.com/news/carmax-km...03534.html
![[Bild: KMXc1dl1352.png]](https://finviz.com/publish/092419/KMXc1dl1352.png)
CarMax Inc. KMX reported better-than expected results in second-quarter fiscal 2020 (ended Aug 31, 2019), wherein earnings and revenues surpassed estimates. The specialty retailer of used and new vehicles posted net earnings per share of $1.40, beating the Zacks Consensus Estimate of $1.33. The bottom line also compared favorably with a profit of $1.24 per share reported in the year-ago quarter.
Notably, higher-than-expected revenues across all its segments led to the outperformance. Precisely, sales in the used-vehicle segment — which contribute to bulk of CarMax’s revenues — came in at $4,346.3 million, surpassing the consensus estimate of $4,300 million. Wholesale vehicle revenues of $678.3 million also surpassed the consensus mark of $634 million.
Net sales and operating revenues in the reported quarter increased 9.1% year over year to $5,201 million. The top line beat the Zacks Consensus Estimate of $5,026 million.
....
https://finance.yahoo.com/news/carmax-km...03534.html
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