CarMax Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
CarMax, Inc. (NYSE:KMX) is expected to report lower Q1 earnings, with analysts forecasting earnings of 94 cents per share, down from $1.16 per share a year ago. Revenue is projected at $7.21 billion. Recent analyst ratings include a mix of Hold, Outperform, and Underweight, with price targets ranging from $55 to $105.
June 21, 2024 | 5:47 am
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CarMax is expected to report lower Q1 earnings, with analysts forecasting 94 cents per share, down from $1.16 per share a year ago. Revenue is projected at $7.21 billion. Recent analyst ratings include a mix of Hold, Outperform, and Underweight, with price targets ranging from $55 to $105.
The expected lower earnings and mixed analyst ratings suggest a negative short-term impact on CarMax's stock price. The reduction in earnings per share and revenue, along with the recent price target cuts, indicate potential investor concerns.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100