We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CarMax (KMX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
For the quarter ended February 2024, CarMax (KMX - Free Report) reported revenue of $5.63 billion, down 1.7% over the same period last year. EPS came in at $0.32, compared to $0.44 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.77 billion, representing a surprise of -2.54%. The company delivered an EPS surprise of -28.89%, with the consensus EPS estimate being $0.45.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CarMax performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Gross Profit per Unit - Used vehicles gross profit: $2,251 versus the six-analyst average estimate of $2,254.22.
Number of stores - Total: 245 compared to the 245 average estimate based on six analysts.
Gross Profit per Unit - Wholesale vehicles gross profit: $1,120 compared to the $1,046.17 average estimate based on six analysts.
Revenue per vehicle retailed (ASP) - Used vehicles: $25.99 thousand compared to the $26.18 thousand average estimate based on five analysts.
Revenue per vehicle retailed (ASP) - Wholesale vehicles: $8.03 thousand versus $8.24 thousand estimated by five analysts on average.
Unit sales - Wholesale vehicles: 115,546 versus the five-analyst average estimate of 125,809.
Net sales- Wholesale vehicles: $974.30 million compared to the $1.05 billion average estimate based on eight analysts. The reported number represents a change of -5.5% year over year.
Net sales- Used vehicles: $4.50 billion compared to the $4.56 billion average estimate based on eight analysts. The reported number represents a change of -0.7% year over year.
Net sales- Other: $154.80 million versus the seven-analyst average estimate of $156.96 million. The reported number represents a year-over-year change of -3.6%.
Other sales and revenues- Third-party finance fees, net: -$3.50 million compared to the -$0.22 million average estimate based on six analysts. The reported number represents a change of +3400% year over year.
Other sales and revenues- Extended protection plan revenues: $98 million versus $96.67 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -6% change.
Other sales and revenues- Advertising & subscription revenues: $34.20 million versus the five-analyst average estimate of $35.98 million.
Shares of CarMax have returned -4.7% over the past month versus the Zacks S&P 500 composite's +0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CarMax (KMX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended February 2024, CarMax (KMX - Free Report) reported revenue of $5.63 billion, down 1.7% over the same period last year. EPS came in at $0.32, compared to $0.44 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.77 billion, representing a surprise of -2.54%. The company delivered an EPS surprise of -28.89%, with the consensus EPS estimate being $0.45.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CarMax performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Gross Profit per Unit - Used vehicles gross profit: $2,251 versus the six-analyst average estimate of $2,254.22.
- Number of stores - Total: 245 compared to the 245 average estimate based on six analysts.
- Gross Profit per Unit - Wholesale vehicles gross profit: $1,120 compared to the $1,046.17 average estimate based on six analysts.
- Revenue per vehicle retailed (ASP) - Used vehicles: $25.99 thousand compared to the $26.18 thousand average estimate based on five analysts.
- Revenue per vehicle retailed (ASP) - Wholesale vehicles: $8.03 thousand versus $8.24 thousand estimated by five analysts on average.
- Unit sales - Wholesale vehicles: 115,546 versus the five-analyst average estimate of 125,809.
- Net sales- Wholesale vehicles: $974.30 million compared to the $1.05 billion average estimate based on eight analysts. The reported number represents a change of -5.5% year over year.
- Net sales- Used vehicles: $4.50 billion compared to the $4.56 billion average estimate based on eight analysts. The reported number represents a change of -0.7% year over year.
- Net sales- Other: $154.80 million versus the seven-analyst average estimate of $156.96 million. The reported number represents a year-over-year change of -3.6%.
- Other sales and revenues- Third-party finance fees, net: -$3.50 million compared to the -$0.22 million average estimate based on six analysts. The reported number represents a change of +3400% year over year.
- Other sales and revenues- Extended protection plan revenues: $98 million versus $96.67 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -6% change.
- Other sales and revenues- Advertising & subscription revenues: $34.20 million versus the five-analyst average estimate of $35.98 million.
View all Key Company Metrics for CarMax here>>>Shares of CarMax have returned -4.7% over the past month versus the Zacks S&P 500 composite's +0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.