CarMax Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Earnings Report - CarMax, Inc. is set to release its second-quarter earnings results on September 25, with analysts expecting earnings of $1.03 per share, an increase from 85 cents per share in the same period last year [1] - The company projects quarterly revenue of $7.02 billion, slightly up from $7.01 billion reported a year earlier [1] Recent Performance - In the first quarter, CarMax reported better-than-expected earnings and revenue, attributed to strong retail sales and improved margins [2] - Following the first-quarter results, CarMax shares fell by 0.9%, closing at $57.60 [2] Analyst Ratings - JP Morgan analyst Rajat Gupta maintained a Neutral rating and raised the price target from $58 to $65 [4] - Wedbush analyst Scott Devitt reiterated an Outperform rating with a price target of $84 [4] - Stephens & Co. analyst Jeff Lick reiterated an Overweight rating with a price target of $81 [4] - Mizuho analyst David Bellinger maintained a Neutral rating and cut the price target from $80 to $78 [4] - Truist Securities analyst Scot Ciccarelli maintained a Hold rating and raised the price target from $72 to $74 [4]