CarMax Profit Rises on Higher Revenue From Retail Used Vehicles
1. CarMax earnings exceeded expectations with EPS of $1.38. 2. Retail vehicle sales increased by 9%, driving revenue growth. 3. Retail revenue reached $6.10 billion, but wholesale revenue fell slightly. 4. Average prices for both retail and wholesale vehicles declined 1.5% and 1.7%, respectively. 5. Despite a temporary 4% share rise, KMX remains down 18% year-to-date.