CarMax Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

CarMax, Inc. KMX is expected to release earnings results for its fourth quarter, before the opening bell on April 11, 2024.

Analysts expect the Richmond, Virginia-based company to report quarterly earnings at 47 cents per share, up from 44 cents per share in the year-ago quarter. CarMax is projected to report quarterly revenue of $5.79 billion, compared to $5.72 billion in the year-earlier period, according to data from Benzinga Pro.

On Dec. 21, KMX reported a third-quarter sales decline of 5.5% year-on-year to $6.15 billion, missing the analyst consensus estimate of $6.33 billion.

CarMax shares gained 1.7% to close at $82.87 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wedbush analyst Seth Basham maintained an Outperform rating and raised the price target from $90 to $100 on April 2, 2024. This analyst has an accuracy rate of 74%.
• Truist Securities analyst Scot Ciccarelli maintained a Hold rating and increased the price target from $72 to $75 on Dec. 22, 2023. This analyst has an accuracy rate of 75%.
• JP Morgan analyst Rajat Gupta maintained an Underweight rating and cut the price target from $70 to $60 on Nov. 29, 2023. This analyst has an accuracy rate of 72%.
• Stephens & Co. analyst Daniel Imbro maintained an Equal-Weight rating and slashed the price target from $78 to $70 on Sept. 29, 2023. This analyst has an accuracy rate of 80%.
• Baird analyst Craig Kennison maintained an Outperform rating and slashed the price target from $96 to $88 on Sept. 29, 2023. This analyst has an accuracy rate of 67%.

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