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U.S. stocks tick up as CarMax tops Q1 estimates with $1.31 EPS

CarMax (NYSE:KMX) reported fiscal 2024 first-quarter results with earnings of $1.31 per share, well above the $0.94 consensus estimate, and revenue of $8.014 billion versus expectations of $7.410 billion. The company did not provide a clear guidance update. The outsized beat points to resilience in used-car retail. The stock-specific news is not described as a systemic driver for major equity indexes, commodities, or cross-market assets.
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