

CarMax Climbs as Used Vehicle Comps., EPS Beat Estimates. Get caught up on the day's gainers and decliners on Wall Street with the latest Stock Movers report https://t.co/2PIJo7Jgy9
CarMax $KMX shares surge on strong Q1 earnings beat https://t.co/QvhKvYs4RD https://t.co/vqEDhlk3hs
Kroger lifts annual sales target on resilient grocery demand https://t.co/YBK1zYCD7d

CarMax Inc. reported fiscal first-quarter earnings that comfortably beat Wall Street forecasts, helped by a rebound in used-vehicle demand. Earnings per share rose 42% from a year earlier to $1.38, surpassing the $1.19 consensus, while revenue reached $7.55 billion. Retail used-unit sales grew 9% and comparable store sales advanced 8.1%, contributing to a 12.8% increase in total gross profit to $893.6 million. The results sent the stock up about 10% in early New York trading. Grocery chain Kroger Co. also outperformed expectations, posting adjusted first-quarter earnings of $1.49 a share against analysts’ $1.45 estimate. Sales of $45.1 billion came in slightly shy of projections, but identical-store sales excluding fuel climbed 3.2%, well ahead of the 2.3% forecast. The retailer raised its full-year identical-sales outlook to 2.25%–3.25% while maintaining its earnings guidance of $4.60 to $4.80 a share and planned capital spending of up to $3.88 billion. Shares were little changed in pre-market trading. The twin results suggest resilient consumer spending on essentials such as groceries and on big-ticket used-car purchases even as inflationary pressures and the newly implemented U.S. tariffs cloud the broader economic outlook.