KMX - CarMax Analysts Cut Their Forecasts After Downbeat Earnings | Benzinga
CarMax Inc (NYSE: KMX) reported weaker-than-expected fourth-quarter earnings on Thursday.
CarMax reported a fourth-quarter FY24 sales decline of 1.7% year-on-year to $5.63 billion, missing the analyst consensus estimate of $5.79 billion. EPS of 32 cents missed the consensus estimate of 49 cents, according to data from Benzinga Pro.
The company sold 287,603 units through combined retail and wholesale channels, a decrease of 0.9% year-over-year. The company opened four stores in the fourth quarter and had a total of 245 used car stores as of February 29, 2024.
"We are encouraged by the performance of our business during the fourth quarter. We reported growth in ...