CarMax Q4 Earnings Preview: Analyst Estimates, Multi-Year Recovery, Key Items To Watch
Portfolio Pulse from Chris Katje
CarMax Inc (NYSE:KMX) is set to report Q4 earnings with an expected revenue of $5.795 billion, an improvement over last year's $5.723 billion. EPS is anticipated at 49 cents, up from 44 cents. Analysts have upgraded ratings, with Needham's Chris Pierce setting a price target of $99, citing a multi-year recovery path. Other firms like Oppenheimer and Wedbush have also set optimistic targets. Key focuses include ecommerce efforts, market share growth, cost reductions, and share repurchases. CarMax shares are currently down 4% at $80.02.
April 10, 2024 | 4:57 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
CarMax is expected to report improved Q4 earnings with revenue of $5.795 billion and EPS of 49 cents. Analyst upgrades and optimistic price targets suggest a positive outlook.
The expected improvement in Q4 earnings, combined with positive analyst sentiment and upgrades, suggests a bullish short-term impact on CarMax's stock. The focus on ecommerce, market share growth, and cost reductions further supports a positive outlook, despite the current share price dip.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100