Used automotive vehicle retailer Carmax (NYSE:KMX) will be reporting results tomorrow before market hours. Here’s what to expect.
CarMax beat analysts’ revenue expectations by 3% last quarter, reporting revenues of $6.22 billion, up 1.2% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is CarMax a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting CarMax’s revenue to grow 6.5% year on year to $5.99 billion, a reversal from the 1.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.65 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CarMax has missed Wall Street’s revenue estimates four times over the last two years.
Looking at CarMax’s peers in the automotive and marine retail segment, only AutoZone has reported results so far. It missed analysts’ revenue estimates by 0.8%, delivering year-on-year sales growth of 2.4%. The stock traded up 2.6% on the results.
Read our full analysis of AutoZone’s earnings results here.
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