Wall Street analysts forecast that CarMax (KMX Quick QuoteKMX - Free Report) will report quarterly earnings of $0.67 per share in its upcoming release, pointing to a year-over-year increase of 4.7%. It is anticipated that revenues will amount to $7.05 billion, exhibiting an increase of 6.9% compared to the year-ago quarter.

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

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 consensus estimate for 'Net sales and operating revenues- Wholesale vehicle' stands at $1.19 billion. The estimate indicates a year-over-year change of +3.5%.

Analysts predict that the 'Other sales and revenues- Extended protection plan revenues' will reach $124.09 million. The estimate indicates a change of +7.8% from the prior-year quarter.

According to the collective judgment of analysts, 'Net sales and operating revenues- Used vehicle' should come in at $5.72 billion. The estimate points to a change of +8.6% from the year-ago quarter.

Analysts forecast 'Net sales and operating revenues- Other sales and revenues' to reach $184.68 million. The estimate indicates a change of +5.9% from the prior-year quarter.

The consensus among analysts is that 'Number of stores - Total' will reach 258 . Compared to the current estimate, the company reported 250 in the same quarter of the previous year.

The average prediction of analysts places 'Number of stores - opened' at 2 . Compared to the present estimate, the company reported 3 in the same quarter last year.

Based on the collective assessment of analysts, 'Average Selling Prices - Wholesale vehicles' should arrive at $7.91 thousand. The estimate compares to the year-ago value of $7.89 thousand.

The combined assessment of analysts suggests that 'Unit Sales - Used vehicles' will likely reach 214,322 . Compared to the current estimate, the company reported 199,729 in the same quarter of the previous year.

The collective assessment of analysts points to an estimated 'Unit Sales - Combined retail and wholesale used vehicle' of 359,563 . The estimate is in contrast to the year-ago figure of 338,031 .

Analysts' assessment points toward 'Average Selling Prices - Used vehicles' reaching $26.37 thousand. The estimate is in contrast to the year-ago figure of $25.99 thousand.

It is projected by analysts that the 'Unit Sales - Wholesale vehicles' will reach 145,242 . Compared to the present estimate, the company reported 138,302 in the same quarter last year.

Analysts expect 'Gross Profit per Unit - Wholesale vehicle' to come in at $939.81 . The estimate compares to the year-ago value of $993.00 .

Shares of CarMax have demonstrated returns of -10% over the past month compared to the Zacks S&P 500 composite's +1.3% change. With a Zacks Rank #3 (Hold), KMX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .