CarMax Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
CarMax, Inc. (NYSE:KMX) is set to release its Q4 earnings on April 11, 2024, with analysts forecasting an earnings increase to 47 cents per share from 44 cents the previous year and revenue of $5.79 billion up from $5.72 billion. Despite a 5.5% sales decline in Q3, KMX shares rose 1.7% recently. Analysts have updated their ratings, with Wedbush raising its price target to $100, while others like JP Morgan and Stephens & Co. have lowered theirs.
April 09, 2024 | 3:13 pm
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POSITIVE IMPACT
CarMax is anticipated to report increased earnings and revenue for Q4, with recent share price growth and mixed analyst ratings adjustments.
The anticipation of increased earnings and revenue for Q4, combined with recent positive share price movement, suggests a positive short-term impact. Analyst ratings and price target adjustments reflect a mixed but generally optimistic outlook, further supporting potential upward momentum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100