Key Takeaways:
- CarMax (KMX, Financial) is projected to report a significant increase in both earnings and revenue in its upcoming first-quarter results.
- Analysts provide a bullish one-year price target for KMX, with an average target indicating substantial upside potential.
- The company's strong "Outperform" rating reflects confidence from brokerage firms in its future performance.
CarMax's Upcoming Earnings Report: Key Expectations
CarMax (NYSE: KMX) is poised to announce its first-quarter earnings on June 20, ahead of market opening. According to analysts' forecasts, the company is expected to post earnings per share of $1.18, marking a notable 21.6% increase year-over-year. Revenue is anticipated to reach $7.53 billion, representing a healthy 5.9% growth compared to the previous year. Historically, CarMax has surpassed revenue estimates in 75% of its earnings reports, suggesting a track record of strong financial performance.
Wall Street Analysts' Insights
Analyzing the one-year price targets from 14 analysts provides further insight into CarMax's potential market performance. The average target price is set at $82.79, with high and low estimates of $105.00 and $55.00, respectively. This average target implies a promising upside of 28.70% from the current share price of $64.33. Investors seeking more detailed projections can explore them on the CarMax Inc (KMX, Financial) Forecast page.
Brokerage Recommendations and GF Value Estimate
Currently, CarMax Inc (KMX, Financial) receives an average brokerage recommendation of 2.2, which translates to an "Outperform" status by 19 different brokerage firms. The recommendation scale ranges from 1 (Strong Buy) to 5 (Sell), reflecting a generally positive outlook on the stock.
Additionally, GuruFocus estimates that the GF Value for CarMax Inc (KMX, Financial) in one year could be approximately $79.17. This suggests an estimated upside of 23.07% from the current market price of $64.33. The GF Value is an insightful metric provided by GuruFocus, calculated from historical trading multiples, business growth, and future performance forecasts. Thorough data regarding this valuation metric can be accessed on the CarMax Inc (KMX) Summary page.
Investors should consider these projections and analyses when evaluating CarMax's market position and future potential.
