The Latest Breaking News from Carmax

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CarMax Inc (NYSE:KMX) reported fourth-quarter 2022 net revenues growth of 48.8% year-on-year to $7.69 billion, beating the consensus of $7.50 billion. The company sold 343,413 units through retail and wholesale channels, up 11.3% Y/Y. Retail used unit sales decreased 5.2%, while wholesale units increased 43.8%. CarMax bought about 324,000 vehicles from consumers in…

CarMax Inc (NYSE: KMX) shares are trading lower Tuesday morning after the company reported worse-than-expected earnings results. 

CarMax said declining consumer confidence, vehicle affordability and expiring stimulus benefits lead to a slump in retail unit sales over its fiscal fourth quarter.

CarMax (NYSE:KMX) is set to give its latest quarterly earnings report on Tuesday, 2022-04-12. Here's what investors need to know before the announcement. Analysts estimate that CarMax will report an earnings per share (EPS) of $1.27.

The roster includes Applied Materials, Home Depot, Penn National Gaming, CarMax, Monster Beverage and Pfizer.