CarMax Q1 Revenue Climbs to $8B! Margin Concessions Trade Off for Volume Growth
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CarMax Q1 Revenue Climbs to $8B! Margin Concessions Trade Off for Volume Growth
CarMax ($KMX) reported its Q1 financial results, showing a 6% increase in top-line sales to $8 billion, while earnings per share declined to $1.31. The profit per used unit fell by $230 to $2,177 due to strategic margin concessions. Despite rising volumes, margin compression has triggered a 'Hold' rating from the Seeking Alpha Quant system ...
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