CarMax Inc. (KMX) reported fourth-quarter fiscal 2024 (ended Feb 29, 2024) adjusted earnings per share of 32 cents, which missed the Zacks Consensus Estimate of 45 cents. The bottom line also declined from 44 cents per share recorded in the year-ago period. The auto retailer registered revenues of $5.6 billion in the quarter under review, which fell short of the Zacks Consensus Estimate of $5.7 billion. The top line also contracted 1.7% year over year. CarMax, Inc. price-consensus-eps-surprise-chart | CarM ...

The shares of CarMax Inc (NYSE:KMX) are plummeting today, after the used car retailer's disappointing fourth-quarter results. The company also delayed its long-term financial target, expecting to sell over 2 million retail and wholesale units annually between 2026 and 2030, compared to its previous goal of 2026. At last glance, KMX was down 12% at $69.75, and trading at its lowest levels since February. The stock is a far cry from its March 28, 52-week high of $88.22, down 20.4% since the start of April. Ye ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

CarMax Inc down close to 10% after reporting its earnings for the fourth quarter may be an opportunity to buy, says a Wedbush Securities analyst.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.$KMX down as Q4 results miss Street estimates Copy link to section The used vehicle retailer came in shy of Street estimates for its fiscal Q4 on Thursday. $KMX also said that it now expects to take until the end of this decade to start selling over 2 million un ...

CARMAX REPORTS FOURTH QUARTER AND FISCAL YEAR 2024 RESULTS Richmond, Va., April 11, 2024 – CarMax, Inc. (NYSE:KMX) today reported results for the fourth quarter and fiscal year ended February 29, 2024. Fourth Quarter Highlights: -more- • Net revenues were $5.6 billion, down 1.7% compared with the prior year fourth quarter. • Retail used unit sales increased 1.3% and comparable store used unit sales increased 0.1% from the prior year's fourth quarter; wholesale units declined 4.0% from the prior year's fourt ...

CarMax Inc. (KMX) is slated to release fourth-quarter fiscal 2024 results on Apr 11, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pinned at 45 cents per share and $5.79 billion, respectively.In the third quarter of fiscal 2024, the used car dealership chain reported adjusted earnings per share of 52 cents, surpassing the Zacks Consensus Estimate of 42 cents. The bottom line improved from 24 cents per share recorded in the year-ago period. It ...

Wall Street analysts expect CarMax (KMX) to post quarterly earnings of $0.45 per share in its upcoming report, which indicates a year-over-year increase of 2.3%. Revenues are expected to be $5.79 billion, up 1.1% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 3.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead of a compan ...

Wall Street expects a year-over-year increase in earnings on higher revenues when CarMax (KMX) reports results for the quarter ended February 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 11. On the ...

HARRISON, NJ / RICHMOND, VA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- In a move that further strengthens the ascension of women's sports, reigning National Women's Soccer League (NWSL) champion NJ/NY Gotham FC and CarMax today announced that the club's official automotive retailer has become the Marquee Partner. The new multi-year agreement cements an increased commitment to the club while also increasing brand visibility for CarMax through prominent logo placement on the front of Gotham FC jerseys. "CarMax is pro ...

The stock market has started 2024 on a low note, witnessing a sell-off for most equities despite underlying fundamentals such as the possible interest rate cuts by the Federal Reserve. Despite the bearish sentiment, investors are actively seeking money-making opportunities that may arise with short squeezes of select equities standing out as a possible strategy to navigate the current environment. The short squeeze approach has gained popularity as an investment strategy, where numerous traders betting agai ...