Recommended Stocks In the News: CarMax
Reports Record Second Quarter Results
9/22/03
CarMax keeps rolling along. Today the company reported record
earnings for their latest quarter and six month period:
- Quarterly net earnings exceeded the company's
expectations by $1.1 million.
- Quarterly net earnings rose 25% over
the same quarter a year ago (an increase of nearly $8 million).
- For the six month period, net earnings
increased nearly $14 million (a 23% increase).
- The company raised its fiscal 2004 earnings
per share estimate from the range of $1.00-$1.10 to $1.11-1.16.
- Before the record earnings announcement
today, the stock had jumped 103% in the nine months since
we recommended it.
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