Earnings Outlook for CarMax

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CarMax KMX announces its next round of earnings this Thursday, September 24. Here is Benzinga's everything-that-matters guide for this Thursday's Q2 earnings announcement.

Earnings and Revenue

CarMax EPS will likely be near $1.05 while revenue will be around $5.18 billion, according to analysts. CarMax EPS in the same period a year ago totaled $1.4. Sales were $5.20 billion. If the company were to match the consensus estimate when it reports Thursday, earnings per share would be down 25.0%. CarMax's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate 0.04 1.12 1.15 1.33
EPS Actual -0.15 1.30 1.04 1.40
Revenue Estimate 2.71 B 4.67 B 4.67 B 5.06 B
Revenue Actual 3.23 B 4.96 B 4.79 B 5.20 B

Stock Performance

Over the last 52-week period, shares are up 25.51%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. CarMax is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Finvestors.carmax.com%2Fnews-releases%2Fcalendar-of-events%2Fevent-details%2F2020%2FSecond-fiscal-quarter-ending-August-31-2020%2Fdefault.aspx&eventid=2405903&sessionid=1&key=FB7D52FC5DF0AC2C99E17A0680F6728C&regTag=&sourcepage=register

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KMXCarMax Inc
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