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研究快讯:KMX:调整后每股收益远超预期;新任CEO的评论令人鼓舞

-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下: CarMax公司(KMX)公布2月季度调整后每股收益为0.34美元,高于市场预期的0.64美元(下降47%),远超市场普遍预期的0.21美元。调整后每股收益剔除了1.19美元的净商誉和重组费用,因此公布的每股收益为-0.85美元,而去年同期为0.58美元。业绩超预期主要得益于营收增长强劲,净销售额下降1.0%至59.5亿美元(比市场预期高出2.2亿美元),毛利率下降90个基点至10.2%(比市场预期低20个基点)。销量表现不一,而定价疲软。尽管KMX新任CEO基思·巴尔(Keith Barr)是在本季度末才上任的,但我们认为他试图扭转公司颓势的言论令人鼓舞。尽管业绩超出预期,KMX股价在盘前交易中仍下跌了5%。我们认为这种反应反映了获利回吐,因为KMX股价此前已从11月初的低点悄然反弹了近60%。我们对本季度业绩感到鼓舞,因为KMX的营收和利润均大幅超出预期,尽管一次性项目再次拖累了每股收益(EPS)。

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