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Friday, March 29, 2019

CarMax Inc. (KMX) reported earnings on Fri 29 March 19 (b/o)

** charts after earnings **


RICHMOND, Va. (AP) _ CarMax Inc. (KMX) on Friday reported fiscal fourth-quarter earnings of $192.6 million.
The Richmond, Virginia-based company said it had net income of $1.13 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The used car dealership chain posted revenue of $4.32 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $4.39 billion.
For the year, the company reported profit of $842.4 million, or $4.79 per share. Revenue was reported as $18.17 billion.
CarMax shares have climbed roughly 2 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 12 percent. The stock has risen 5 percent in the last 12 months.

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