CarMax Inc. (KMX:NYSE)

CarMax Inc. reported earnings results for the second quarter ended August 31, 2009. For the quarter, the company reported net earnings was $102.97 million, up $14.01 million for the same quarter the previous year.

CarMax Inc. expected to Report Fiscal Year 2010 Results on March 29, 2010. This event was calculated by Capital IQ (Created on October 7, 2009).

CarMax Inc. reported unaudited consolidated earnings results for the second quarter and six months ended August 31, 2009. For the quarter, the company reported net earnings of $102,971,000 or $0.46 per diluted share on net sales and operating revenues of $2,076,671,000 compared to net earnings of $14,006,000 or $0.06 per diluted share on net sales and operating revenues of $1,839,054,000 for the previous period a year ago. Earnings before income taxes were $167,399,000 against $22,501,000 for the same period a year ago. In the second quarter of fiscal 2009, net income was reduced by $0.08 per share for CAF unfavorable items, including increases in cumulative net loss assumptions, a reduction in the fair value of retained subordinated bonds and an increase in the discount rate. For the six months, the company reported net earnings of $131,719,000 or $0.59 per diluted share on net sales and operating revenues of $3,910,971,000 compared to net earnings of $43,564,000 or $0.20 per diluted share on net sales and operating revenues of $4,047,817,000 for the previous period a year ago. Earnings before income taxes were $214,892,000 against $70,256,000 for the same period a year ago. Net cash used in operating activities was $51,289,000 against net cash provided by operating activities of $218,901,000 for the same period a year ago. Capital expenditures were $14,328,000 against $137,519,000 for the same period a year ago.