CarMax, Inc. (NYSE:KMX) shares are currently trading higher after the company reported mixed second-quarter earnings results.
The company reported earnings per share of 85 cents, missing the analyst consensus estimate of 86 cents.
CarMax Auto Finance income was $115.6 million, a decline of 14.4% from last year’s second quarter. An increase in the provision for loan losses outweighed growth in CAF’s average managed receivables and a stable net interest margin percentage.
Quarterly sales of $7.01 billion beat the street view of $6.79 billion.
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