Carmax (NYSE: KMX) reported third-quarter 2021 financial results before the regular market hours on Tuesday. The software company reported Q3 revenue of $5.18 billion, up 8% year-over-year, and higher than the Wall Street projection. Net income of $1.42 per share was also higher than what analysts had anticipated.
KMX stock fell 1.9% immediately following the announcement. The stock has gained 12% since the beginning of this year.
CEO Bill Nash said, “Despite the near-term market challenges due to the trajectory of the pandemic, our fundamentals remain robust and reflect the strength of our diversified business model spanning retail, wholesale, and auto finance.”
Labor market conditions improved once again and jobless claims dropped to about 400,000 after rising last week, as economic activity picked up. Stocks rallied in the action-packed week and benchmark
In the first half of 2021, a record number of private companies entered stock markets in the US, marking a multifold increase from the same period of 2021. The IPO
Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results