CARMAX SET TO BLOW THE ROOF OFF WITH Q4 EARNINGS!
Buckle Up, Folks! The Used Car Giant Primed for Explosive Growth!
Hold onto your wallets! CarMax, Inc. (NYSE: KMX) is revving up to unleash its fourth-quarter earnings results next week, and the buzz is electric! After knocking it out of the park in Q3 with roaring earnings, this used car powerhouse is poised for yet another triumph. Get ready, because the numbers are rumored to be off the charts!
Is KMX Ready for a Massive Comeback?
CarMax’s stock has been on a wild rollercoaster ride, recently skidding to a jaw-dropping 9-month low in mid-March. But guess what? It bounced back and closed just above its 12-month average! The anticipation is building up as savvy investors gear up for a potential meteoric rise, with predictions indicating it could soar back to new heights!
MARK YOUR CALENDARS: April 10th at 6:50 AM ET! Analysts expect nothing short of fireworks, with estimates suggesting that earnings for Q4 have skyrocketed to a whopping $0.66 per share—an astonishing MORE THAN DOUBLE from last year’s numbers! And revenue? We’re talking a staggering forecast of $5.95 billion, up from $5.63 billion. The hype is REAL!
NEW VEHICLE PRICES SOAR—USED CARS TO THE RESCUE!
Here’s the juicy twist: while auto tariffs from the Trump era threaten to strangle the industry with costs skyrocketing and supply chains collapsing, used vehicle demand is set to EXPLODE! As new cars become more unaffordable, CarMax is poised to ride the wave of increased interest in pre-owned options. Can you say WINNING?
While other giants like General Motors and Ford face the music from tariffs, CarMax is cruising along without a scratch. This industry titan has it all: unbeatable inventory, on-point pricing, and a rock-solid finance division offering customer loans directly. It’s no wonder they continue to dominate the used car market!
Q3 RESULTS THAT SHATTERED EXPECTATIONS!
In a nail-biting Q3, CarMax held nothing back. Used vehicle sales crept up 1%, and total sales blasted off to $6.22 billion. AND—get this—the company’s net income skyrocketed by 53% to a stunning $125.4 million! Earnings on a per-share basis rocketed a mind-boggling 56% year-over-year to $0.81, sending Wall Street analysts scrambling to revise their forecasts!
CarMax CEO Bill Nash gushed about their unbeatable omnichannel experience designed to outshine the competition and grab the attention of every car buyer!
Shares powered through, closing at $77.92—a solid recovery and an increase of 2.5% on Tuesday afternoon. This is just the beginning, folks! With the latest earnings report around the corner, all eyes are on CarMax as they gear up to potentially shake up the market once again.
Don’t blink, or you might miss this thrilling ride!
