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Benzinga
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Top Wall Street Forecasters Revamp CarMax Expectations Ahead Of Q1 Earnings

1. CarMax projects Q1 earnings of $1.17 per share, up from $0.97 last year. 2. Quarterly revenue forecast of $7.53 billion, an increase from $7.11 billion. 3. CarMax's shares fell 2.2% to $64.43 following weaker Q4 results. 4. Analysts hold mixed views, with varied price targets and ratings. 5. Wedbush maintains an Outperform rating with a $90 price target.

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FAQ

Why Bullish?

Despite recent declines, positive earnings and revenue growth forecasts signal recovery potential. Strong analyst ratings support upward momentum for KMX.

How important is it?

Earnings results are critical for KMX's stock price, affecting investor sentiment and expectations. Analysts’ mixed outlook indicates uncertainty but potential for positive movement.

Why Short Term?

Upcoming Q1 results on June 20 could drive immediate market reactions. Historical data shows earnings releases often influence stock performance soon after.

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