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Sept. 30, 2021, 7:50 a.m. EDT

CarMax shares fall after company misses earnings estimate

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By Steve Gelsi

CarMax Inc. /zigman2/quotes/204412041/composite KMX +1.92% said Thursday its second-quarter net income fell about 4% to $285.3 million or $1.72 a share, from $296.7 million, or $1.79 a share in the year-ago period. The car retailer said earnings per share fell due to last year's Covid-related cost savings. Sales rose to $7.99 billion, a record, from $5.37 billion in the year-ago period. Analysts expected earnings of $1.88 a share and sales of $6.91 billion, according to a survey by FactSet. Shares of CarMax fell nearly 8% in pre-market trades. The stock is up 55% so far this year compared to a 16% increase by the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.89% .

/zigman2/quotes/204412041/composite
US : U.S.: NYSE
$ 108.10
+2.04 +1.92%
Volume: 2.66M
Jan. 21, 2022 4:04p
P/E Ratio
14.91
Dividend Yield
N/A
Market Cap
$17.48 billion
Rev. per Employee
$1.09M
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/zigman2/quotes/210599714/realtime
US : S&P US
4,397.94
-84.79 -1.89%
Volume: 3.20B
Jan. 21, 2022 4:52p
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