A Preview Of CarMax's Earnings
Portfolio Pulse from Benzinga Insights
CarMax (NYSE:KMX) is scheduled to release its quarterly earnings report on Thursday, 2023-12-21, with analysts expecting an EPS of $0.47. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, CarMax's stock price has been influenced more by guidance than earnings beats or misses. Last quarter, CarMax missed EPS estimates by $0.03, resulting in a 2.49% stock price increase the following day. Over the past year, KMX shares have risen 34.62%, with the stock trading at $76.64 as of December 18.
December 20, 2023 | 2:00 pm
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POSITIVE IMPACT
CarMax is expected to report an EPS of $0.47 for the upcoming earnings, with investors focusing on guidance for future growth. The stock has risen 34.62% over the past 52 weeks, indicating a positive trend.
Given the historical performance where CarMax's stock price increased after an earnings miss and the overall positive trend in the stock price over the past year, there is a likelihood of a positive short-term impact if the company beats earnings and provides favorable guidance. However, the market's reaction can be unpredictable, and past performance is not always indicative of future results.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100