CarMax's Strong Quarter Gives Way to COVID-19 Uncertainty
Used-car retailing giant CarMax (NYSE: KMX) released fiscal fourth-quarter 2020 earnings results on Thursday before the markets opened, and if not for a high amount of uncertainty going forward, investors likely would have applauded the report. The country's largest used car sales venue reported double-digit revenue growth on unit sales expansion of nearly 15%. Let's review results of the last three months, while also discussing the immediate impact of the coronavirus on CarMax's business. Note that all comparative numbers below refer to those of the prior-year quarter.
Data source: CarMax.
Image source: Getty Images.
Source Fool.com
