![]() Overall, the stock has an aggregate VGM Score of D. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy. The consensus estimate has shifted -16.09% due to these changes.Īt this time, CarMax has a poor Growth Score of F, a grade with the same score on the momentum front. In the past month, investors have witnessed a downward trend in estimates review. How Have Estimates Been Moving Since Then? In fiscal 2024, it targets to open 5 stores. KMX currently operates more than 240 used car stores. The company opened five new stores in the fiscal fourth quarter. ![]() As of Feb 28, 2023, it had $2.45 billion remaining under the share repurchase authorization. Wholesale vehicle GPU came in at $1,187, down from the year-ago period’s $1,191 but topping the consensus mark of $928.ĭuring the fiscal fourth quarter, CarMax did not buy back shares of common stock under the share repurchase program. The reported figure was above the Zacks Consensus Estimate of $1,006 million. Used-vehicle gross profit per unit (GPU) came in at $2,277, slightly higher than the prior-year quarter’s $2,195, topping the consensus mark of $2,136.įor the fiscal fourth quarter, wholesale vehicle revenues tanked 41.6% from the year-ago level to $1,030.7 million. Comparable store used-vehicle units declined 14.1%, while revenues fell 22% from the prior-year level. While the units sold in this segment tailed off 12.6% year over year to 169,884 vehicles, the average selling price of used vehicles fell 9.3% from the year-ago quarter to $26,598. The metric also missed the consensus mark of $4,738 million. Segmental PerformanceĬarMax’s used-vehicle net sales totaled $4,531.1 million for the reported quarter, down 21.1% year over year, owing to a decline in units sold. The top line also contracted by 25.6% year over year. ![]() The auto retailer registered revenues of $5,722.5 million for the February-end quarter, which fell short of the Zacks Consensus Estimate of $5,829 million. But the bottom line fell from 98 cents per share recorded in the year-ago period. CarMax Beats Q4 Earnings EstimatesĬarMax reported fourth-quarter fiscal 2023 (ended Feb 28, 2023) net earnings per share of 44 cents, topping the Zacks Consensus Estimate of 22 cents due to higher-than-anticipated gross profit per unit in the used and wholesale vehicle segments. Will the recent positive trend continue leading up to its next earnings release, or is CarMax due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Shares have added about 7% in that time frame, outperforming the S&P 500. It has been about a month since the last earnings report for CarMax (KMX).
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