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Benzinga
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CarMax Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. KMX expects Q2 earnings of $1.03 per share, up from 85 cents last year. 2. Projected revenue stands at $7.02 billion, slightly above last year's $7.01 billion. 3. Recent Q1 results showed strong retail sales and improved margins. 4. Analysts offer mixed ratings; targets range from $65 to $84. 5. Shares fell 0.9% to $57.60 ahead of the earnings release.

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FAQ

Why Bullish?

With expected earnings growth and revenue exceeding last year, investor confidence may increase. Historical precedent shows that positive earnings surprises boost stock prices.

How important is it?

The article discusses KMX's upcoming earnings, directly affecting its stock performance. Analyst ratings provide context for potential price adjustments.

Why Short Term?

The impact from earnings is typically immediate but may stabilize post-reporting. Similar earnings releases in the past saw short-term upward trends.

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