CarMax Reported Strong Q3 Results 
<p><a href='https://financialmodelingprep.com/financial-summary/KMX'>CarMax, Inc. (NYSE:KMX) </a>reported its Q3 results, with EPS coming in at $1.53, beating the consensus estimate of $1.48.</p>
<p>According to the analysts at RBC Capital, the recent share weakness is primarily being driven by uncertainty around the timing of new car production (which will inevitably put pressure on used ASPs). </p>
<p>While the analyst said they understand investor concerns, they believe that new vehicle inventory will build more slowly than current consensus assumes and as such see little downside earnings risk. RBC Capital now expects full 2022/2023-year EPS to stand at $7.39/$7.30. </p>

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