CarMax Likely To Report Lower Q2 Sales; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
CarMax, Inc. (NYSE:KMX) is expected to report lower Q2 sales with earnings of 78 cents per share, compared to 79 cents per share in the year-ago period. The company's revenue might be $7.03 billion, compared to $8.54 billion in the year-ago period. Several analysts have recently changed their price targets for CarMax, with the most accurate analysts predicting a rise in the stock's price.
September 28, 2023 | 6:39 am
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CarMax is expected to report lower Q2 sales. However, several analysts have upgraded their price targets for the stock, indicating a potential rise in the stock's price.
The expected lower Q2 sales might negatively impact the stock's price. However, the recent upgrades in price targets by several analysts, who have high accuracy rates, indicate a potential rise in the stock's price. Therefore, the overall impact on the stock's price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100