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Benzinga

Business

Avi Kapoor

These Analysts Increase Their Forecasts On CarMax After Upbeat Q1 Results

CarMax, Inc. (NYSE:KMX) reported better-than-expected first-quarter financial results on Friday.

The Richmond, Virginia-based used car retailer registered earnings per share of $1.38, beating the analyst consensus estimate of $1.21. Quarterly sales of $7.55 billion outpaced the analyst consensus estimate of $7.47 billion.

In the quarter under review, the firm opened two new stand-alone reconditioning/auction centers. The centers are located in El Mirage, Arizona, supporting the Phoenix metro market, and Midlothian, Texas, supporting the Dallas metro market.

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