On Wednesday, CarMax (NYSE: KMX) reported first quarter financial results pre-market, with both revenue and earnings improving from year-ago levels while also exceeding analyst expectations.
The company posted earnings of $1.31 per share for the latest quarter, ahead of analyst expectations of earnings of $0.95 per share despite weaker annual performance.
The organization posted quarterly sales of $8.01 billion for the latest quarter, surpassing Wall Street estimates of $7.41 billion while rising 6.1% from the prior-year period.
Keith Barr, President and Chief Executive Officer, said, We are entering this fiscal year with a clear strategy that is driving early results. We have identified four strategic pillars that will meaningfully improve how we operate at scale and support strong performance.”
