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CarMax (KMX) Beats on Q4 Earnings & Revenue Estimates
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CarMax Inc. (KMX - Free Report) , headquartered in Richmond, VA, operates as a specialty retailer of used vehicles as well as new vehicles. CarMax is among the strongest operators in its peer group. However, rising competition in the used-car market is challenging for the company. CarMax is also seeing rising cash outflows from operations and capital expenditures.
Estimate Trend & Surprise History
Investors should note that the fourth quarter (ended Feb 28, 2017) of fiscal 2017 earnings estimates for CarMax have been stable over the past week and month.
The company has delivered mixed earnings surprises. It has missed the Zacks Consensus Estimate in one of the trailing four quarters, beat in two and was in line in one, with an average positive surprise of 0.87%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
CarMax’ earnings increased 14.1% to 81 cents per share in the fourth quarter of fiscal 2017, surpassing the Zacks Consensus Estimate of 79 cents.
CarMax reported revenues of $4.05 billion, up 9.3% year over year. Moreover, revenues surpassed the Zacks Consensus Estimate of $3.97 billion.
Key Stats/Developments to Note
During the fourth quarter of fiscal 2017, CarMax opened 4 stores. 2 stores were opened in new markets (one in Mobile, AL, and one in Albany, New York) and 2 stores were opened in the existing markets (both in Los Angeles, CA). In fiscal 2017, the company opened 15 stores.
CarMax’ shares were up 3.3% in pre-market trading session today. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on CarMax’ earnings report!
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CarMax (KMX) Beats on Q4 Earnings & Revenue Estimates
CarMax Inc. (KMX - Free Report) , headquartered in Richmond, VA, operates as a specialty retailer of used vehicles as well as new vehicles. CarMax is among the strongest operators in its peer group. However, rising competition in the used-car market is challenging for the company. CarMax is also seeing rising cash outflows from operations and capital expenditures.
Estimate Trend & Surprise History
Investors should note that the fourth quarter (ended Feb 28, 2017) of fiscal 2017 earnings estimates for CarMax have been stable over the past week and month.
The company has delivered mixed earnings surprises. It has missed the Zacks Consensus Estimate in one of the trailing four quarters, beat in two and was in line in one, with an average positive surprise of 0.87%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
CarMax’ earnings increased 14.1% to 81 cents per share in the fourth quarter of fiscal 2017, surpassing the Zacks Consensus Estimate of 79 cents.
CarMax Inc Price and EPS Surprise
CarMax Inc Price and EPS Surprise | CarMax Inc Quote
Revenues
CarMax reported revenues of $4.05 billion, up 9.3% year over year. Moreover, revenues surpassed the Zacks Consensus Estimate of $3.97 billion.
Key Stats/Developments to Note
During the fourth quarter of fiscal 2017, CarMax opened 4 stores. 2 stores were opened in new markets (one in Mobile, AL, and one in Albany, New York) and 2 stores were opened in the existing markets (both in Los Angeles, CA). In fiscal 2017, the company opened 15 stores.
Zacks Rank
CarMax currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
CarMax’ shares were up 3.3% in pre-market trading session today. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on CarMax’ earnings report!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.Click here for Zacks' private trades >>