Gear Up for CarMax (KMX) Q2 Earnings: Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts project that CarMax (KMX) will report quarterly earnings of $1.03 per share, reflecting a year-over-year increase of 21.2%, with revenues expected to reach $7.05 billion, a 0.6% increase from the same quarter last year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised upward by 0.1%, indicating a collective reassessment by analysts [2]. - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Key Metrics Projections - Analysts estimate 'Net sales and operating revenues- Used vehicle' at $5.78 billion, a 1.9% increase from the prior-year quarter [5]. - 'Net sales and operating revenues- Wholesale vehicle' is projected at $1.16 billion, reflecting a 0.4% increase from the year-ago quarter [5]. - 'Net sales and operating revenues- Other sales and revenues' is expected to be $186.64 million, indicating a year-over-year change of 2.6% [6]. - 'Other sales and revenues- Extended protection plan revenues' is forecasted to reach $126.26 million, suggesting a 4% year-over-year change [6]. Operational Metrics - The total number of stores is projected to be 252, up from 247 in the same quarter last year [7]. - The average selling price for used vehicles is expected to be $26.29 thousand, slightly up from $26.25 thousand in the same quarter of the previous year [7]. - The consensus estimate for 'Gross Profit per Unit - Used vehicle' stands at $2,294.14, compared to $2,269.00 in the same quarter last year [8]. - 'Unit Sales - Wholesale vehicles' are expected to reach 145,484, up from 141,458 in the same quarter last year [9]. - 'Unit Sales - Combined retail and wholesale used vehicle' is projected at 361,780, compared to 352,478 a year ago [9]. - 'Unit Sales - Used vehicles' is estimated at 216,296, compared to 211,020 in the same quarter last year [10]. Market Performance - Over the past month, CarMax shares have returned -2.7%, while the Zacks S&P 500 composite has changed by +4% [11].