CarMax, Inc. (KMX) Q3 2018 Earnings Results

CarMax Misses on EPS, Stock Down 3.61%

CarMax's earnings report indicates some struggles, particularly reflected in their EPS miss. The stock dropped 3.61% following the announcement, likely due to investor concerns about market conditions and inventory challenges. Without guidance, uncertainty remains regarding future performance.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$0.81	N/A	-3.06%

Management

Management commentary

Tone: Defensive

Management acknowledged the tough retail environment and its effects on performance. They emphasized the need for strategic adjustments to navigate current challenges.

Management expressed concerns about market conditions impacting sales.

They highlighted ongoing challenges in inventory management.

There was a focus on maintaining operational efficiency.

CarMax Misses on EPS, Stock Down 3.61%

Key numbers

Management commentary

CarMax, Inc.

More earnings this week

CarMax Misses on EPS, Stock Down 3.61%

Key numbers

Management commentary