CarMax (KMX) shares plunged Thursday after the biggest U.S. used-car retailer posted weaker-than-expected quarterly results amid slowing demand.
CarMax, Inc. NYSE: KMX shares are down a solid 10% following a weak Q4 earrings report and a revision in the long-term guidance. The company didn't lower its sales targets.
Used cars are getting harder to obtain just as new cars get more affordable.
CarMax (KMX) lags fiscal fourth-quarter earnings estimates on lower-than-expected sales across all segments.

CarMax Stock Crashes After 4th-Quarter Miss

10:40am, Thursday, 11'th Apr 2024
The shares of CarMax Inc (NYSE:KMX) are plummeting today, after the used car retailer's disappointing fourth-quarter results.
While the top- and bottom-line numbers for CarMax (KMX) give a sense of how the business performed in the quarter ended February 2024, it could be worth looking at how some of its key metrics compare

CarMax shares reverse on earnings miss

09:17am, Thursday, 11'th Apr 2024
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 bill
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
CarMax pushes out its goal to sell more than two million units annually.

CarMax's fourth-quarter profit falls nearly 27%

07:02am, Thursday, 11'th Apr 2024
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

Markets Flat Ahead of CPI, Q1 Earnings

07:01pm, Monday, 08'th Apr 2024
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 quar
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.
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