KMX

CarMax Remains Firmly Positive On Better Than Expected Q3 Earnings

(RTTNews.com) - After moving notably higher earlier in the session, shares of CarMax, Inc. ( KMX ) remain firmly in positive territory in afternoon trading on Friday. CarMax is currently up by 4.9 percent, bouncing off its lowest closing level in well over a year.

The advance by CarMax comes after the auto retailer reported fiscal third quarter earnings that exceeded analyst estimates.

CarMax reported third quarter earnings of $1.09 per share compared to analyst estimates for $1 per share, although its revenues of $4.30 billion came in slightly below expectations for $4.32 billion.

Read the original article on RTTNews (http://www.rttnews.com/2965068/carmax-remains-firmly-positive-on-better-than-expected-q3-earnings.aspx)

For comments and feedback: contact editorial@rttnews.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.