EarningsKMX reported adjusted operating EPS of $0.97, above the estimate of $0.90, and the Bloomberg consensus of $0.96.
Financial PerformanceCarMax is expanding to a full-spectrum credit book (expanding its non-prime lending), which should lead to higher penetration rates and profitability over time.
Market PerformanceKMX is making progress with its fifth consecutive quarter of sequential comp sales improvement and guiding to expense leverage on gross profit growth.