CarMax Analysts Boost Their Forecasts After Upbeat Q1 Results

CarMax (NYSE: KMX ) reported better-than-expected earnings for the first quarter on Wednesday. The company posted quarterly earnings of $1.31 per share which beat the analyst consensus estimate of 94 cents per share. The company reported quarterly sales of $8.014 billion which beat the analyst consensus estimate of $7.410 billion. The company introduced a new growth strategy centered on four pillars: improving offerings, enhancing customer experience, maximizing transaction value, and running lean operations. CarMax said the company remains on track to deliver $200 million in SG&A savings this fiscal year. “I came to CarMax because I saw a strong foundation, an award-winning, people-first culture, and significant potential to ... Full story available on Benzinga.com