Tag: $Carmax Inc.

Used car retailer CarMax (KMX) reported a fourth-quarter loss on Tuesday, hurt by a goodwill impairment charge and ​shrinking margins from used vehicles.

Shares of CarMax fell Thursday after the company beat quarterly earnings and sales expectations but said it plans to reduce margins on used cars.

Shares of CarMax(KMX) were falling sharply Thursday after the used-car retailer reported weaker-than-expected quarterly earnings.

CarMax Inc. shares are up 9.7% in premarket trading on Friday after the used-car retailer’s first-quarter profit topped Wall Street’s estimates, boosted by better-than-expected sales. CarMax’s profit of $1.38 a share beat the FactSet consensus estimate of $1.16 a share. Revenue rose to $7.55 billion from $7.11 billion and beat the analyst estimate of $7.51 billion.

Shares of CarMax Inc. were rallying toward their first gain in six sessions in early Thursday trading, after the used vehicle seller reported fiscal third-quarter earnings that rose well above expectations, as lower prices helped boost sales.

CarMax stock was rising Friday after the used-car retailer posted fiscal first-quarter earnings that beat analysts’ estimates but said macroeconomic pressures continue to have a negative impact on sales.

 Pre-owned vehicle retailer CarMax missed analysts’ estimates for fourth-quarter profit and revenue on Thursday, hurt by decreased profitability from units sold, sending its shares down as much as 13% in premarket trading.

CarMax stock rose sharply after the used-car retailer reported a mixed quarter, and resumed share buybacks.

Shares of CarMax KMX +1.84% were tumbling in premarket trading Thursday after the user-car seller reported fiscal second-quarter revenue that declined sharply from a year earlier.

CarMax Inc on Friday posted a better-than-expected adjusted profit for the first quarter, benefiting from a series of cost cutting measures that were implemented to tackle a fall in demand for used cars.