CarMax will report its quarterly earnings on Tuesday morning, with the market expecting revenue to grow 5.4% year on year, a reversal from the 6% decrease it recorded in the same quarter last year. Last quarter, the used-vehicle retailer beat analysts' revenue expectations with revenues of $8.01 billion, up 6.2% year on year, and also beat analysts' EPS estimates. Most analysts covering the company have reconfirmed their estimates over the last 30 days, though CarMax has missed Wall Street's revenue estimates multiple times over the last two years. Among its peers in the automotive and marine retail segment, only AutoZone has reported so far, missing analysts' revenue estimates with year-on-year sales growth of 5.6%, and its stock traded up 1.4% on the results. CarMax shares are down 4.9% over the last month, and the stock heads into earnings with an average analyst price target of $57.15 compared to the current share price of $58.36.
CarMax IncCarMax is set to report quarterly earnings Tuesday with analysts expecting 5.4% revenue growth, a reversal from last year's 6% decline.
AutoZone Inc