CarMax Inc. Bottom Line Retreats In Q3, misses estimates

(RTTNews) - CarMax Inc. (KMX) announced a profit for third quarter that decreased from last year and missed the Street estimates.

The company's bottom line came in at $37.58 million, or $0.24 per share. This compares with $269.44 million, or $1.63 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 23.7% to $6.51 billion from $8.53 billion last year.

CarMax Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $37.58 Mln. vs. $269.44 Mln. last year. -EPS (Q3): $0.24 vs. $1.63 last year. -Analyst Estimates: $0.70 -Revenue (Q3): $6.51 Bln vs. $8.53 Bln last year.