KMX

CarMax (KMX) shares jumped 7.2% on June 24 after the company delivered impressive first-quarter results, topping both earnings and revenue estimates. Based in the U.S., CarMax, Inc. is a used vehicle retailer and a wholesale vehicle auction operator. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. Q1 Beat Adjusted earnings of $1.56 per share beat analysts’ expectations of $1.49 per share. However, it was much lower than the company's reported earnings of $2.63 per share for the prior-year period. Further, revenues jumped 21% year-over-year to $9.3 billion and exceeded consensus estimates of $9.15 billion. Despite the revenue growth, vehicles sold were down 5.
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