FMP

FMP

Enter

CarMax Stock Drops 6% Despite Q2 Beat

-

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

CarMax (NYSE:KMX) shares dropped over 6% in pre-market today despite the used vehicle retailer reporting stronger-than-expected revenue for fiscal Q2 2025.

The company posted quarterly earnings per share (EPS) of $0.85, aligning with analyst expectations. Net sales and operating revenue reached $7.01 billion, surpassing the Street estimate of $6.82 billion.

Used vehicle sales totaled $5.68 billion, marking a 1.5% year-over-year increase and beating the projected $5.44 billion. However, wholesale vehicle sales fell 13% year-over-year to $1.15 billion, slightly below the expected $1.2 billion.

CarMax President and CEO Bill Nash highlighted the company's ability to grow retail used unit sales, maintain strong margins, manage SG&A expenses, and achieve double-digit earnings growth, despite challenges from industry-wide auto loan loss pressures.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 16, 2024 8:06 PM - Gordon Thompson

Deutsche Bank Upgrades AST SpaceMobile to Buy Amid Legal Challenges

On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep