CarMax (NYSE:KMX) reported Q1 EPS of $1.56, $0.02 worse than the analyst estimate of $1.58. Revenue for the quarter came in at $9.3 billion versus the consensus estimate of $9.12 billion.
“While the used vehicle market environment was challenging in the first quarter, we continued to make progress on the key strategic priorities that enable CarMax to grow profitable market share, now and into the future,” said Bill Nash, president and chief executive officer. “For the past several years, our priorities and investments have focused on building a leading e-commerce platform that integrates buying and selling cars with our best-in-class store experience. All of our retail customers are now able to transact online on their own. We will now turn our efforts to further improving the experience for customers and associates by focusing on the seamlessness of our online and in-store offerings.”