CarMax (NYSE: KMX) announced impressive results for the first quarter, surpassing expectations. Earnings per share stood at $1.31, outperforming the anticipated 94 cents per share. The company's quarterly sales reached $8.014 billion, exceeding the expected $7.410 billion. CarMax unveiled a new growth strategy focusing on enhancing offerings, improving customer experience, maximizing transaction value, and optimizing operations. The company is progressing well towards achieving $200 million in SG&A savings this fiscal year. The CEO expressed confidence in the company's foundation, culture, and growth potential. For the full story, visit Benzinga.com.