Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why CarMax Inc. Jumped 12.9% in September

TheMotleyFool

0 0

Why CarMax Inc. Jumped 12.9% in SeptemberPhoto, wide shot, wide-angle lens, Fashion store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/4103ce22-87d6-4bef-ba44-0baf5ab280bb.png

Why CarMax Inc. Jumped 12.9% in September

Shares of CarMax (NYSE: KMX) jumped nearly 13% last month, according to data provided by S&P Global Market Intelligence, following the used-car retailer's strong second-quarter results.

CarMax's revenue rose 9.7% year over year to $4.39 billion. Net income leapt 11.7% to $181.4 million. And earnings per share, boosted by stock buybacks, jumped 16.7% to $0.98. Those figures came in well above Wall Street's expectations of $4.27 billion in revenue and $0.95 in EPS.

Image source: CarMax.

Source: Fool.com