Why CarMax Inc. Jumped 12.9% in September
Shares of CarMax (NYSE: KMX) jumped nearly 13% last month, according to data provided by S&P Global Market Intelligence, following the used-car retailer's strong second-quarter results.
CarMax's revenue rose 9.7% year over year to $4.39 billion. Net income leapt 11.7% to $181.4 million. And earnings per share, boosted by stock buybacks, jumped 16.7% to $0.98. Those figures came in well above Wall Street's expectations of $4.27 billion in revenue and $0.95 in EPS.
Image source: CarMax.
Source: Fool.com
Carmax Inc. Stock
€78.00
0.750%
With 23 Buy predictions and 3 Sell predictions Carmax Inc. is one of the favorites of our community.
With a target price of 82 € there is a slightly positive potential of 5.13% for Carmax Inc. compared to the current price of 78.0 €.
