US Stock Market Move | In the first quarter, CarMax, Inc.'s performance exceeded expectations, with the stock rising over 6%.
On Friday, CarMax (KMX.US) rose more than 6%, reaching $68.61.
On Friday, CarMax, Inc. (KMX.US) rose over 6%, reaching $68.61. On the news side, the company's first quarter performance exceeded expectations, with the used car retailer reporting quarterly earnings per share of $1.38 as of May 31, higher than the previous year's $0.97 and above the consensus of $1.16 from FactSet. Sales and operating income increased by 6.1% to $7.55 billion, slightly higher than Wall Street's expected $7.5 billion.
CEO Bill Nash said in a statement, "We achieved positive retail results and double-digit year-over-year earnings growth for the fourth consecutive quarter. These results highlight the strength of our profit growth model."
Related Articles
Bidding for Warner Bros. (WBD.US) enters a critical period, while Paramount Skydance (PSKY.US) speeds up the antitrust review process.
US Stock Market Move | Multiple departments issued letters to support the new consumption and financial consumption driving LexinFintech Holdings Ltd. Sponsored ADR Class A (LX.US) to rise by 6.04%.
Industry's First Rider Family Hospitalization Protection Implemented Meituan Upgrades Major Illness Care Plan Covering Over One Million Rider Families
Bidding for Warner Bros. (WBD.US) enters a critical period, while Paramount Skydance (PSKY.US) speeds up the antitrust review process.
US Stock Market Move | Multiple departments issued letters to support the new consumption and financial consumption driving LexinFintech Holdings Ltd. Sponsored ADR Class A (LX.US) to rise by 6.04%.
Industry's First Rider Family Hospitalization Protection Implemented Meituan Upgrades Major Illness Care Plan Covering Over One Million Rider Families
