earnings
confidence high
sentiment positive
materiality 0.75
CarMax Q3 net earnings $0.52/sh, up 117%; revenue down 5.5% to $6.1B
CARMAX INC
2024-Q3 EPS reported
$2.70
revenue$20,909,437,000
- Net earnings per diluted share $0.52 vs $0.24 a year ago, up 117%.
- Revenue $6.1B, down 5.5% YoY; retail used unit sales down 2.9%, wholesale units up 7.7%.
- Total gross profit up 6.3% to $612.9M; SG&A down 5.4% to $560.0M.
- Resumed share repurchases: bought 648,500 shares for $41.9M in Q3.
- CAF income $148.7M, down 2.3%; provision for loan losses down to $68.3M from $85.7M.