CarMax Inc. (KMX) reported a profit for its second quarter that, while surpassing the previous year's figures, fell short of Wall Street expectations.
The company's earnings amounted to $132.81 million, or $0.85 per share, compared to $118.64 million, or $0.75 per share, in the same quarter last year.
Analysts, on average, had anticipated earnings of $0.86 per share, according to Thomson Reuters. These estimates typically exclude special items.
Revenue for the quarter experienced a slight decline of 0.8%, dropping to $7.013 billion from $7.073 billion the previous year.
A summary of CarMax Inc.'s earnings (GAAP) for the second quarter is as follows:
- Earnings (Q2): $132.81 million vs. $118.64 million last year.
- EPS (Q2): $0.85 vs. $0.75 last year.
- Revenue (Q2): $7.013 billion vs. $7.073 billion last year.
