The Latest Breaking News from Carmax

CarMax Inc (NYSE:KMX) reported first-quarter FY23 sales growth of 21% year-on-year to $9.31 billion, beating the consensus of $9.12 billion. The company sold 427,257 units through combined retail and wholesale channels, a decrease of 5.5% Y/Y. KMX cited several macroeconomic factors that weighed on Q1 unit sales performance, including the lapping of stimulus…

CarMax (NYSE:KMX) reported its Q1 earnings results on Friday, June 24, 2022 at 06:50 AM. Here's what investors need to know about the announcement. Earnings CarMax beat estimated earnings by 4.7%, reporting an EPS of $1.56 versus an estimate of $1.49.

Over the past 3 months, 5 analysts have published their opinion on CarMax (NYSE:KMX) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Upgrades

The market rally continues to struggle amid hot inflation. Delta earnings fueled travel stocks. Tesla CEO Elon Musk offered to buy Twitter.

Analysts have provided the following ratings for CarMax (NYSE:KMX) within the last quarter:

Upgrades

The Nasdaq composite led with a 2% jump around 10 a.m. ET, although it remains below its 50-day moving average.

CarMax Inc (NYSE:KMX) reported fourth-quarter 2022 net revenues growth of 48.8% year-on-year to $7.69 billion, beating the consensus of $7.50 billion. The company sold 343,413 units through retail and wholesale channels, up 11.3% Y/Y. Retail used unit sales decreased 5.2%, while wholesale units increased 43.8%. CarMax bought about 324,000 vehicles from consumers in…