CarMax: Fiscal Q2 Earnings Snapshot

September 29, 2022 GMT

RICHMOND, Va. (AP) _ CarMax Inc. (KMX) on Thursday reported fiscal second-quarter profit of $125.9 million.

On a per-share basis, the Richmond, Virginia-based company said it had net income of 79 cents.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.

The used car dealership chain posted revenue of $8.14 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $8.75 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMX at https://www.zacks.com/ap/KMX