CarMax soars on Q4 profit beat, boosts peers

Vroom

11/04/2023 17:31

(Updates)
    ** Shares of used car retailer CarMax Inc  KMX.N  rise 10.7%
to $72.89 following quarterly results
    ** CarMax posts Q4 EPS of %$0.44, above analysts' estimate
of $0.24 per share 
    ** Q4 net revenue was $5.7 bln 
    ** For fiscal 2024, KMX plans store growth of five locations
    ** Also reaffirms long-term financial targets updated in
April 2022
    ** Shares of auto dealer peers AutoNation Inc  AN.N ,
Carvana Co  CVNA.N , Vroom Inc  VRM.O , Lithia Motors Inc
 LAD.N , Group 1 Automotive Inc  GPI.N  and Asbury Automotive
Group Inc  ABG.N  rise between 2% and 9%
    ** KMX up 20.14% YTD

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))