BUZZ-PREVIEW: CarMax Q1 EPS, rev expected to slip
CarMax, Inc. KMX | 0.00 |
** Shares in CarMax KMX.N advance ~1% on Tuesday, ahead of fiscal Q1 report due before market open on Wednesday
** Analysts see the used car dealer reporting adj EPS of $0.95 vs $1.38 in year-ago quarter on rev of $7.42 bln, which would be down from $7.55 bln last year, according to latest data from LSEG
** In the last eight quarters, KMX beat Street estimates for adj EPS five times with its biggest beat in Q4 in last fiscal year (48%) and its biggest miss (39.5%) in Q2 last year. It met or beat rev expectations six times
** KMX shares sold off after it reported a net loss in its mid-April quarterly update but some brokerages still raised their price targets for the stock at the time as the company worked on cost efficiencies
** Stock last traded at $52.75 vs median PT of $41.50, up from $40 a month ago, according to LSEG, which shows 21 analyst ratings: 1 'strong buy,' 1 'buy,' 16 'hold' and 3 'sell'
** YTD, the stock is up ~36% after falling 53% in 2025. In comparison for YTD 2026, the S&P 600 Consumer Discretionary index .SPSMCD is up ~9% and S&P 600 Automotive Retail index .SPSMCAUTR, .SPSMCAUTR is up ~11%
