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Analysts on Wall Street project that CarMax (KMX) will announce quarterly earnings of $0.64 per share in its forthcoming report, representing an increase of 100% year over year. Revenues are projected to reach $5.97 billion, increasing 6.1% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
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.
That said, let's delve into the average estimates of some CarMax metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Net sales- Wholesale vehicles' will reach $1.02 billion. The estimate indicates a year-over-year change of +5.1%.
Analysts predict that the 'Net sales- Other' will reach $169.69 million. The estimate indicates a year-over-year change of +9.6%.
The combined assessment of analysts suggests that 'Net sales- Used vehicles' will likely reach $4.78 billion. The estimate suggests a change of +6.2% year over year.
The consensus estimate for 'Other sales and revenues- Extended protection plan revenues' stands at $109.79 million. The estimate points to a change of +12% from the year-ago quarter.
According to the collective judgment of analysts, 'Gross Profit per Unit - Used vehicles gross profit' should come in at $2,279.36. Compared to the current estimate, the company reported $2,251 in the same quarter of the previous year.
The consensus among analysts is that 'Gross Profit per Unit - Wholesale vehicles gross profit' will reach $1,080.56. Compared to the present estimate, the company reported $1,120 in the same quarter last year.
The collective assessment of analysts points to an estimated 'Revenue per vehicle retailed (ASP) - Used vehicles' of $25.75 thousand. Compared to the current estimate, the company reported $25.99 thousand in the same quarter of the previous year.