CarMax Inc (NYSE:KMX) is reporting third quarter earnings results on Tuesday 22nd December 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.14 per share.
For the full year, analysts predict revenues of $ 18783.40 million, while looking forward to income of $ 4.25 per share.
Previous Quarter Performance
CarMax Inc recorded income for the second quarter of $ 1.79 per share, from the revenue of $ 5,372.00 million. The quarterly earnings swell 27.86 percent while revenues gained 3.29 percent compared with the same quarter last year.
Street analysts expected CarMax Inc to report income of $ 1.08 per share on revenue of $ 5210.00 million for the second quarter. The bottom line results beat street analysts by $ 0.71 or 65.74 percent, at the same time, top line results outshined analysts by $ 162.00 million or 3.11 percent.
Stock Performance
Shares of CarMax Inc traded up $ 2.21 or 2.25 percent on Monday, reaching $ 100.46 with volume of 2.75 million shares. CarMax Inc has traded high as $ 100.68 and has cracked $ 97.21 on the downward trend
According to the previous trading day, closing price of $ 100.46, representing a 161.37 % increase from the 52 week low of $ 37.59 and a 10.12 % decrease over the 52 week high of $ 109.31.
The company has a market capital of $ 16.48 billion and is part of the Consumer Cyclical sector and Auto & Truck Dealerships industry.
Recent Analyst recommendations
- On 9th December 2020, downgraded by JPMorgan Chase & Co. to Neutral from Overweight rating.
- On 17th November 2020, maintained by Bank of America at Buy rating, with $ 121.00 target price.
Conference Call
CarMax Inc will be hosting a conference call at 9:00 AM eastern time on 22nd December 2020, to discuss its 3Q21 financial results with the investment community. The participants may dial, 1-888-298-3261 U.S. or 1-706-679-7457 Toll Number, and the passcode is 1865968 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.carmax.com
CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
