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U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Thursday.
Used car retailer CarMax missed Wall Street estimates for second-quarter profit on Thursday as price cuts on used vehicles boosted unit sales but kept margins depressed.
CarMax posts second-quarter sales of $7.01 billion, beating estimates of $6.83 billion but falling 0.9% from a year earlier.
The used-car retailer's fiscal second-quarter sales topped estimates — but it was not enough to offset pressure on its car-loan business.
CarMax (KMX) reports earnings Thursday morning. "Bludgeoning" competition against Carvana (CVNA) proved difficult for the company, and @LikeFolio's Andy Swan argues CarMax needs to shine in earnings for a comeback to be possible down the road.
Beyond analysts' top -and-bottom-line estimates for CarMax (KMX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended August 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.
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will report its financial results for the second quarter ended August 31, 2024 before the market opens on September 26, 2024, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president and CEO, Enrique Mayor-Mora, executive vice president, CFO and Jon Daniels, senior vice president, CAF Operations. The live conference call can be accessed by dialing.
Recognized for career accomplishments, including CarMax's innovation and digital transformation efforts Recognized for career accomplishments, including CarMax's innovation and digital transformation efforts
Carvana has been in the limelight the past few years, but CarMax is the bigger, more established company. CarMax reported an earnings slump recently due to weak conditions in its core market.