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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • CarMax Reports Increases In Revenue And Earnings 0 comments
    Dec 23, 2013 11:19 AM | about stocks: KMX

    Originally published at www.seclive.com

    Filing in Focus: CarMax 8-K, December 20, 2013

    CarMax Inc. (NYSE:KMX) announced its financial results for third fiscal quarter of 2013, reporting increases in both revenue and earnings. Revenue increased from $2.6B a year ago to $2.9B, while earnings rose from $94.7M to $106.5M. Shareholders saw a $0.06 per share increase in earnings, from $0.41 per share last year to $0.47 per share. Total used sales increased 15%, total wholesale unit sales improved 4%, and comparable-store used units increased 10% from a year ago. During third quarter the company opened three new superstores and shortly after the quarter's close opened three more for a total of six new superstores. The company still has $400M remaining in an authorized share repurchase program, which will continue to return value to shareholders.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: KMX
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