CarMax, Inc. (KMX) Q2 2009 Earnings Results

CarMax Misses on EPS, Stock Down 7.94%

CarMax's earnings report reflects significant challenges in the retail market, resulting in a notable EPS miss. The stock reacted negatively, dropping nearly 8%, as investors digested the implications of management's cautious outlook and lack of guidance. The focus on cost control suggests the company is bracing for continued difficulties ahead.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$0.06	N/A	-45.95%
Revenue	N/A	N/A	N/A

Management

Management commentary

Tone: Defensive

Management expressed concerns about the current retail environment. They are prioritizing cost management but did not provide specific guidance for future performance.

Management acknowledged the challenging market conditions impacting sales.

They emphasized a focus on cost control and efficiency.

There was no forward guidance provided for the upcoming quarters.

CarMax Misses on EPS, Stock Down 7.94%

Key numbers

Management commentary

CarMax, Inc.

More earnings this week

CarMax Misses on EPS, Stock Down 7.94%

Key numbers

Management commentary