Carmax Inc reports results for the quarter ended August 31 - Earnings Summary

• Carmax Inc KMX reported quarterly adjusted earnings of 99 cents​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of 85 cents. The mean expectation of sixteen analysts for the quarter was for earnings of $1.05 per share. Wall Street expected results to range from 90 cents to $1.16 per share.

• Revenue fell 6% to $6.59 billion from a year ago; analysts expected $7.02 billion.

• Carmax Inc's reported EPS for the quarter was 64 cents​.

• The company reported quarterly net income of $95.38 million.

• Carmax Inc shares had fallen by 15.1% this quarter and lost 30.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the auto vehicles, parts & service retailers peer group is also "buy"

• Wall Street's median 12-month price target for Carmax Inc is $79.00, about 27.8% above its last closing price of $57.05

This summary was machine generated from LSEG data September 25 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)