Used vehicles retailer CarMax Inc. (KMX) announced a rise in its fourth-quarter net earnings to $107.22 million, or $0.46 per share, from $95.03 million, or $0.41 per share in the prior-year quarter. On average, 15 analysts polled by Thomson Reuters expected earnings per share of $0.46 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly net sales and operating revenues were $2.83 billion, up from last year's $2.48 billion, while it beat consensus estimates of $2.73 billion. During the quarter, used unit sales in comparable stores went up 6%, with total used unit sales up 12%, despite having one fewer day in this year's quarter. The comparable store used unit growth was driven by improved conversion, which the company believes to be benefited from several factors, including more compelling credit offers from CAF, increased inventory selection and continued strong in-store execution.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.