On March 29, CarMax
- Strong store and Internet traffic led to double-digit sales growth of 16%.
- Problems at a new car franchise resulted in an asset impairment charge of $0.01 per share. That was offset by a $0.01 gain for "favorable CarMax Auto Finance items."
- CarMax receives a three-star rating in Motley Fool CAPS, while its rival United Auto Group
(NYSE:UAG) only rates two stars.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2007 |
Q4 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$1,882.8 |
$1,623.8 |
16.0% |
|
Net Profit |
$42.1 |
$36.7 |
14.9% |
|
EPS |
$0.19 |
$0.17 |
11.8% |
|
Diluted Shares |
219.8 |
213.3 |
3.0% |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2007 |
Q4 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
12.8% |
12.8% |
0.0 |
|
Operating Margin |
3.8% |
3.7% |
0.1 |
|
Net Margin |
2.2% |
2.3% |
(0.1) |
*Expressed in percentage points
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$19.5 |
$21.8 |
(10.6%) |
|
Accounts Rec. |
$71.4 |
$76.6 |
(6.8%) |
|
Inventory |
$836.1 |
$669.7 |
24.8% |
|
Liabilities |
Q4 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$254.9 |
$188.6 |
35.1% |
|
Long-Term Debt |
$33.7 |
$134.8 |
(75.0%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$136.8 |
$117.5 |
16.4% |
|
Capital Expenditures |
$191.8 |
$194.4 |
(1.4%) |
|
Free Cash Flow |
($55.0) |
($76.9) |
N/A |
Free cash flow is a Fool's best friend.
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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
