CarMax Inc
- CarMax Inc. surged 8.04% to $69.50 after the used-car retailer reported better-than-expected results for the fiscal first quarter ending on May 31.
Revenue edged up to $7.55 billion from $7.11 billion, net earnings climbed to $210.38 million from $152.44 million, and diluted earnings per share rose to $1.38 from 97 cents a year ago.
Comparable store sales increased 8.1% as retail used unit sales jumped 9.0% and wholesale unit sales increased 1.2%.
The company bought 336,000 vehicles from consumers and dealers, an increase of 7.2% from a year earlier, as 288,000 vehicles were purchased from consumers, up 3.3%, and 48,000 vehicles were purchased through dealers, up 38.4%.
During the first quarter, the used-car retailer bought back $199.8 million in shares of its own stock.
Jun 20, 2025
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