We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Unveiling CarMax (KMX) Q4 Outlook: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
The upcoming report from CarMax (KMX - Free Report) is expected to reveal quarterly earnings of $0.21 per share, indicating a decline of 67.2% compared to the year-ago period. Analysts forecast revenues of $5.76 billion, representing a decline of 4% year over year.
Over the last 30 days, there has been a downward revision of 1.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some CarMax metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Net sales and operating revenues- Wholesale vehicle' of $946.52 million. The estimate suggests a change of -6.1% year over year.
Analysts' assessment points toward 'Net sales and operating revenues- Other sales and revenues' reaching $154.76 million. The estimate indicates a year-over-year change of -2.7%.
The consensus among analysts is that 'Net sales and operating revenues- Used vehicle' will reach $4.62 billion. The estimate points to a change of -4.5% from the year-ago quarter.
The average prediction of analysts places 'Other sales and revenues- Extended protection plan revenues' at $101.05 million. The estimate indicates a year-over-year change of -4.6%.
Based on the collective assessment of analysts, 'Gross Profit per Unit - Used vehicle' should arrive at $1933.76 . The estimate is in contrast to the year-ago figure of $2322.00 .
According to the collective judgment of analysts, 'Gross Profit per Unit - Wholesale vehicle' should come in at $927.49 . Compared to the present estimate, the company reported $1045.00 in the same quarter last year.
It is projected by analysts that the 'Unit Sales - Used vehicles' will reach 179,115 . Compared to the present estimate, the company reported 182,655 in the same quarter last year.
Analysts expect 'Unit Sales - Combined retail and wholesale used vehicle' to come in at 296,704 . Compared to the current estimate, the company reported 301,811 in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Number of stores - Total' will likely reach 256 . The estimate is in contrast to the year-ago figure of 250 .
Analysts predict that the 'Average Selling Prices - Used vehicles' will reach $25.89 thousand. Compared to the present estimate, the company reported $26.13 thousand in the same quarter last year.
Analysts forecast 'Average Selling Prices - Wholesale vehicles' to reach $7.90 thousand. The estimate is in contrast to the year-ago figure of $8.04 thousand.
The consensus estimate for 'Unit Sales - Wholesale vehicles' stands at 117,589 . The estimate compares to the year-ago value of 119,156 .
Over the past month, shares of CarMax have returned +4.1% versus the Zacks S&P 500 composite's +0.8% change. Currently, KMX carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Unveiling CarMax (KMX) Q4 Outlook: Wall Street Estimates for Key Metrics
The upcoming report from CarMax (KMX - Free Report) is expected to reveal quarterly earnings of $0.21 per share, indicating a decline of 67.2% compared to the year-ago period. Analysts forecast revenues of $5.76 billion, representing a decline of 4% year over year.
Over the last 30 days, there has been a downward revision of 1.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some CarMax metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Net sales and operating revenues- Wholesale vehicle' of $946.52 million. The estimate suggests a change of -6.1% year over year.
Analysts' assessment points toward 'Net sales and operating revenues- Other sales and revenues' reaching $154.76 million. The estimate indicates a year-over-year change of -2.7%.
The consensus among analysts is that 'Net sales and operating revenues- Used vehicle' will reach $4.62 billion. The estimate points to a change of -4.5% from the year-ago quarter.
The average prediction of analysts places 'Other sales and revenues- Extended protection plan revenues' at $101.05 million. The estimate indicates a year-over-year change of -4.6%.
Based on the collective assessment of analysts, 'Gross Profit per Unit - Used vehicle' should arrive at $1933.76 . The estimate is in contrast to the year-ago figure of $2322.00 .
According to the collective judgment of analysts, 'Gross Profit per Unit - Wholesale vehicle' should come in at $927.49 . Compared to the present estimate, the company reported $1045.00 in the same quarter last year.
It is projected by analysts that the 'Unit Sales - Used vehicles' will reach 179,115 . Compared to the present estimate, the company reported 182,655 in the same quarter last year.
Analysts expect 'Unit Sales - Combined retail and wholesale used vehicle' to come in at 296,704 . Compared to the current estimate, the company reported 301,811 in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Number of stores - Total' will likely reach 256 . The estimate is in contrast to the year-ago figure of 250 .
Analysts predict that the 'Average Selling Prices - Used vehicles' will reach $25.89 thousand. Compared to the present estimate, the company reported $26.13 thousand in the same quarter last year.
Analysts forecast 'Average Selling Prices - Wholesale vehicles' to reach $7.90 thousand. The estimate is in contrast to the year-ago figure of $8.04 thousand.
The consensus estimate for 'Unit Sales - Wholesale vehicles' stands at 117,589 . The estimate compares to the year-ago value of 119,156 .
View all Key Company Metrics for CarMax here>>>Over the past month, shares of CarMax have returned +4.1% versus the Zacks S&P 500 composite's +0.8% change. Currently, KMX carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .