Shares of used vehicle retailer CarMax, Inc. (KMX) are falling more than 10% Thursday morning after reporting lower earnings as well as revenue in the second quarter.
Net earnings in the second quarter dropped to $118.6 million or $0.75 per share from $125.9 million or $0.79 per share last year, due to lower used vehicle sales. Analysts on average, polled by Thomson-Reuters were expecting earnings of $0.78 per share.
Revenue for the quarter declined 13.1% year-on-year at $7.1 billion. The consensus estimate was for $7.03 billion.
KMX, currently at $71.14, has traded in the range of $52.10 - $87.50 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.