KMX Stock Recent News

CarMax Inc (NYSE:KMX) fell almost 9% in pre-market trading as the vehicle retailer missed fourth-quarter expectations and cautioned on the current trading environment. Revenue fell 1.7% to US$5.6 billion over the final quarter, CarMax reported, below Wall Street expectations of US$5.8 billion.

CarMax Inc down close to 10% after reporting its earnings for the fourth quarter may be an opportunity to buy, says a Wedbush Securities analyst. $KMX down as Q4 results miss Street estimates The used vehicle retailer came in shy of Street estimates for its fiscal Q4 on Thursday.

CarMax Inc.'s stock KMX, -4.90% fell 6.7% in premarket trades on Thursday after the car retailer missed analyst estimates for fourth-quarter net income and revenue. CarMax said its seeing “uncertainty in the timing of market recovery” as well as “volatility” in vehicle sales.

CarMax pushes out its goal to sell more than two million units annually.

Pre-owned vehicle retailer CarMax posted a nearly 27% drop in fourth-quarter profit on Thursday, hurt by decreased profitability from units sold.

With the Federal Reserve having seemingly engineered a viable pathway to a soft economic landing, the topic of stocks to buy on rate cut have enjoyed significant momentum. Of course, as with anything involving high finance these days, the matter got more complicated.

In short, don't expect our present hesitation to last very long.

The Zacks Consensus Estimate for CarMax's (KMX) fourth-quarter fiscal 2024 earnings and revenues is pegged at 45 cents per share and $5.79 billion, respectively.

Besides Wall Street's top -and-bottom-line estimates for CarMax (KMX), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended February 2024.

CarMax (KMX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.