CarMax (KMX) Q1 Earnings Miss Estimates, Revenues Fall Y/Y

CarMax Inc. (KMX) reported first-quarter fiscal 2025 (ended May 31, 2024) adjusted earnings per share of 97 cents, which missed the Zacks Consensus Estimate of 99 cents. The bottom line also declined from $1.16 per share recorded in the year-ago period. The auto retailer registered revenues of $7.11 billion in the quarter under review, which fell short of the Zacks Consensus Estimate of $7.19 billion. The top line also contracted 7.5% year over year. CarMax's used-vehicle net sales totaled $5.68 billion for ...