CarMax Earnings: 3 Trends to Watch
Following a weak start to the fiscal year, investors are starting to believe in CarMax's (NYSE: KMX) growth potential again. The used car giant had good news to report in its last earnings announcement, which showed its fastest expansion pace in over a year. That boost followed an encouraging improvement in shopper trends in late 2018 that have returned the company to modest customer traffic growth.
On Tuesday, CarMax has a chance to extend that positive momentum deeper into fiscal 2019 by showing strong operating results in its fiscal second quarter. While growth is likely to slow from the prior quarter, investors are hoping to see continued market share gains across its 200 stores around the country plus a spike in e-commerce sales.
Let's take a closer look.
Source Fool.com
