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In the latest trading session, CarMax (KMX) closed at $71.81, marking a -0.55% move from the previous day.
Advance Auto Parts plunged 35% after cutting the company cut its dividend and slashed its full year guidance.
RICHMOND, Va., May 31, 2023--CarMax, Inc. (NYSE:KMX) will report its financial results for the first quarter ended May 31, 2023 before the market opens on June 23, 2023, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results.
CarMax (KMX) closed the most recent trading day at $72.21, moving +0.64% from the previous trading session.
With spring car buying season in full swing, those looking for a deal in the used car market are likely not going to find one. According to a new report titled “Used Market Enters Uncharted Territory Post-Pandemic” released from car-shopping site Edmunds.com, though used car prices softened a bit recently they still remain historically high. Edmunds’ data scoured from dealer retail pricing finds that the average used vehicle transaction price in Q1 slipped 6.4% year-over-year, but is still up 44% from five years ago.
CarMax (KMX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
CarMax (KMX) closed at $72.53 in the latest trading session, marking a -0.3% move from the prior day.
In the latest trading session, CarMax (KMX) closed at $70.48, marking a +0.64% move from the previous day.
While the blue chip-centered S&P 500 index and tech-focused Nasdaq Composite have rebounded around 6% and 13%, respectively, year to date, there are still interesting opportunities to score deep values. Stitch Fix (NASDAQ: SFIX) and CarMax (NYSE: KMX) are completely different businesses. In the most recent quarterly update, the company reported a 20% decline in revenue, with active clients using the service down 11% to 3.57 million over the year-ago quarter.
CarMax, the largest used car retailer in the US, is seeing a huge spike in electric vehicle interest. In its annual EV consumer report, CarMax found that search volume for the word “electric” doubled from February of last year to this year, when the retailer compiled data for its last EV report.
CarMax, Ford, Blink Charging and XPeng are part of the Zacks top Analyst Blog.
CarMax (KMX) posts mixed fiscal Q4 results. Ford (F) announces plans to spend C$1.8 billion on its Oakville, ON, manufacturing site to transform it into a high-volume EV manufacturing hub.
The "tell" within CarMax's earnings report. Motley Fool personal finance expert Robert Brokamp and Motley Fool host Alison Southwick examine the tax filing process and how it could be easier. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
Scott Krisiloff, the Transcript Editor and Avondale Asset Management Founder, joins Yahoo Finance Live to discuss what to expect from this season's earnings call.
Carvana (NYSE: CVNA) and CarMax (NYSE: KMX) are both used car retailers that set firm prices and simplify the buying process. Carvana sells all of its cars online, and customers can either have their vehicles delivered or pick them up at one of its 33 "vending machine" towers across America. Carmax has a much larger brick-and-mortar footprint, with 240 used car stores across the U.S. It also operates an online marketplace, which streamlines the process with deliveries and in-store pick-ups.
Shares of the online car-buying company Carvana (NYSE: CVNA) were falling fast today, likely after investors drove the stock up higher yesterday in response to rival CarMax's better-than-expected earnings report. Carvana's stock spiked yesterday after competitor CarMax beat analysts' earnings estimate for its latest quarter.
The Yahoo Finance Live team discusses the rise in CarMax stock despite declining yearly revenue.
CarMax's (KMX) Q4 earnings beat estimates on higher-than-anticipated gross profit per unit in the used and wholesale vehicle segments.
Tuesday is looking great for car stocks, as news of a surprise earnings beat from CarMax lifted investor hopes for brighter days ahead for EV stocks Lucid Group (NASDAQ: LCID), Nio (NYSE: NIO), and Canoo (NASDAQ: GOEV) -- which were up 4.6%, 5.1%, and 6.2% respectively, as of 11:55 a.m. ET. This morning, the used-car superstore announced an astonishing earnings beat, with earnings coming in at a strong $0.44 per share instead of the $0.24 that investors expected. CarMax earned more than expected despite sales being only $5.7 billion (instead of the $6 billion that was expected, according to forecasts from The Fly).
Shares of used car retailer CarMax (NYSE: KMX), which is the nation's largest retailer of used autos, are rising on Tuesday. The stock's gain follows the company's fiscal fourth-quarter update, which featured better-than-expected earnings per share, even as revenue fell sharply year over year. Further, the company reaffirmed its long-term vehicle unit sales and financial targets.
CarMax's earnings contained a host of red flags for investors to ponder.
Investors are connecting some understandable dots, but they're still missing the bigger picture.
Yahoo Finance Live anchors Julie Hyman and Brad Smith break down the rise in stock for CarMax.
Investors have paid a lot of attention to macroeconomic data lately, and Wednesday morning's release of March inflation data has become the focal point in the future direction of the stock market. CarMax (NYSE: KMX) and Adtran (NASDAQ: ADTN) gave investors some information about how their respective quarters went, and the two stocks moved in opposite directions as shareholders reacted. Shares of CarMax rose 6% in premarket trading on Tuesday morning.