KMX - Why Used Vehicle Retailer CarMax Shares Are Surging Today | Benzinga
CarMax Inc (NYSE: KMX) shares are trading higher Thursday morning after it reported a mixed bag of third-quarter FY24 earnings.
KMX reported a third-quarter sales decline of 5.5% year-on-year to $6.15 billion, missing the analyst consensus estimate of $6.33 billion.
"Our third quarter performance reflects the continued efforts of the team that have resulted in several quarters of sequential improvements across key components of our business, despite the persistent widespread pressures in the used car industry," said Bill Nash, president and chief executive officer.
Read Next: US Car Owners Drowning In Debt: Underwater Crisis Deepens, Delinquency Rates Rise
The company sold 302,666 units through combined ...