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CarMax (KMX) Q1 Earnings & Sales Top Estimates, Down Y/Y
CarMax Inc. KMX posted first-quarter fiscal 2021 (ended May 31, 2020) net earnings per share of 3 cents against the Zacks Consensus Estimate of a loss of 6 cents. The outperformance can be attributed to higher-than-expected revenues from used vehicles. Precisely, used-vehicle sales totaled $2786.2 million, surpassing the consensus mark of $1,281 million. A profit of $1.59 per share was reported in the year-ago quarter.
Net sales in the reported quarter decreased 39.8% year over year to $3,228.8 million. The top line, however, beat the Zacks Consensus Estimate of $2,607 million. Total gross profit slid 52.3% year over year to $354.2 million.
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https://finance.yahoo.com/news/carmax-km...01391.html
![[Bild: KMXc1dl1651.png]](https://finviz.com/publish/061920/KMXc1dl1651.png)
CarMax Inc. KMX posted first-quarter fiscal 2021 (ended May 31, 2020) net earnings per share of 3 cents against the Zacks Consensus Estimate of a loss of 6 cents. The outperformance can be attributed to higher-than-expected revenues from used vehicles. Precisely, used-vehicle sales totaled $2786.2 million, surpassing the consensus mark of $1,281 million. A profit of $1.59 per share was reported in the year-ago quarter.
Net sales in the reported quarter decreased 39.8% year over year to $3,228.8 million. The top line, however, beat the Zacks Consensus Estimate of $2,607 million. Total gross profit slid 52.3% year over year to $354.2 million.
...
https://finance.yahoo.com/news/carmax-km...01391.html
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