CarMax Beats Earnings Estimates as Revenue Jumps 20%. the Stock Rises.

Dow Jones

Sep 29

Shares of CarMax rose Tuesday after the used-car retailer posted fiscal second-quarter earnings that topped analysts' estimates.

CarMax stock advanced 3.9% to $58.74 in premarket trading on Tuesday after ending Monday down 1.2%. Carvana rose 0.5%. AutoNation was flat and Group 1 Automotive added 0.3%.

CarMax posted adjusted earnings of $1.16 a share in the quarter ended Aug. 31, up from 64 cents a share a year ago and above Wall Street's expectation of 73 cents. Revenue grew 20% to $7.9 billion, beating the analyst consensus call for $7.09 billion, according to FactSet.

The company's gross profit per used retail vehicle came in at $2,105, down $111 from last year. Wall Street expected $2,022. CarMax said the slight decrease from a year ago reflected continued "pricing actions" to drive improved sales.

Combined retail and wholesale used vehicle unit sales increased 15% to 387,735.

Wall Street was focused unit sales and gross profit per used retail vehicle as signs of growth.

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CarMax said the slight decrease from a year ago reflected continued \"pricing actions\" to drive improved sales. \n</p>\n<p>\n     Combined retail and wholesale used vehicle unit sales increased 15% to 387,735. \n</p>\n<p>\n     Wall Street was focused unit sales and gross profit per used retail vehicle as signs of growth. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CarMax Beats Earnings Estimates as Revenue Jumps 20%. the Stock Rises.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCarMax Beats Earnings Estimates as Revenue Jumps 20%. the Stock Rises.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-09-29 18:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Shares of CarMax rose Tuesday after the used-car retailer posted fiscal second-quarter earnings that topped analysts' estimates. \n</p>\n<p>\n     CarMax stock advanced 3.9% to $58.74 in premarket trading on Tuesday after ending Monday down 1.2%. Carvana rose 0.5%. AutoNation was flat and Group 1 Automotive added 0.3%. \n</p>\n<p>\n     CarMax posted adjusted earnings of $1.16 a share in the quarter ended Aug. 31, up from 64 cents a share a year ago and above Wall Street's expectation of 73 cents. Revenue grew 20% to $7.9 billion, beating the analyst consensus call for $7.09 billion, according to FactSet. \n</p>\n<p>\n     The company's gross profit per used retail vehicle came in at $2,105, down $111 from last year. Wall Street expected $2,022. 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Carvana rose 0.5%. AutoNation was flat and Group 1 Automotive added 0.3%.CarMax posted adjusted earnings of $1.16 a share in the quarter ended Aug. 31, up from 64 cents a share a year ago and above Wall Street's expectation of 73 cents. Revenue grew 20% to $7.9 billion, beating the analyst consensus call for $7.09 billion, according to FactSet.The company's gross profit per used retail vehicle came in at $2,105, down $111 from last year. Wall Street expected $2,022. 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AutoNation was flat and Group 1 Automotive added 0.3%. \n\n\n     CarMax posted adjusted earnings of $1.16 a share in the quarter ended Aug. 31, up from 64 cents a share a year ago and above Wall Street's expectation of 73 cents. Revenue grew 20% to $7.9 billion, beating the analyst consensus call for $7.09 billion, according to FactSet. \n\n\n     The company's gross profit per used retail vehicle came in at $2,105, down $111 from last year. Wall Street expected $2,022. CarMax said the slight decrease from a year ago reflected continued \"pricing actions\" to drive improved sales. \n\n\n     Combined retail and wholesale used vehicle unit sales increased 15% to 387,735. \n\n\n     Wall Street was focused unit sales and gross profit per used retail vehicle as signs of growth.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}