CarMax Inc. (NYSE:KMX) Missed Earnings 5 times

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CarMax Inc. (NYSE:KMX) moved down -1.53% and closed its last trading session at $50.05. This Retail-Wholesale Sector stock currently has the Market Capitalization of 9.67 Billion. The Average Volume for the stock is measured as 2.11 Million. The Stock has a 52-Week High of $60.81 and 52-Week Low of $41.25 following the dates, it touched its 52-Week High on Sep 7, 2016 and 52-Week Low on Feb 3, 2016. Currently, the Return on Assets value for the trailing twelve months is 4.1% with the Return on Equity and Return on Investment of 20.5% and 4.6% respectively. This firm currently has YTD (year to date) performance of -7.26 Percent which is not good. The Short Ratio for the stock is 10.89.

CarMax Inc. (NYSE:KMX) Price to Earnings (P/E) ratio is 16.24. EPS or Earning per Share stands at $3.08. The TTM operating margin is 6.4 percent.

CarMax Inc. (NYSE:KMX) is due to report its Earnings on Fri 16 Dec (In 54 Days). The estimated EPS for the current quarter is said to be $0.71. Following Earnings result, share price were DOWN 16 times out of last 26 Qtrs. The stock has reduced about -10.2% since it reported its last earnings. The Closing price of CarMax Inc. (NYSE:KMX) at Last Earnings was $55.76 as compared to the previous closing price of $50.83. The Predicted Move on the 7th day after CarMax Inc. (NYSE:KMX) will release its earnings at about 7%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, CarMax Inc. (NYSE:KMX) beats earnings by 50%, The Stock Missed Earnings  5  times and has met earnings  1 times.

Earnings History:

We will discuss the past Quarters Earnings below:

CarMax Inc. (NYSE:KMX) reported its previous quarter on 09/21/2016 where it reported the Actual Earnings of $0.88. The Closing price before the company posted its earnings was $55.76. The Stock declined on the very next day of earnings and maintained its stock price at $54.62 by showing a % change of -2.04 percent from its previous closing price. The Next Day Volume after Earnings was reported as 5.55 Million. On the 7th day After Earnings Report, the stock hit its share price as $53.7 by showing -3.69% decrease from the Stock price Before Earnings were reported.

On 06/21/2016, the stock reported the EPS of $0.9 where Analysts were projecting the EPS to be $0.92 showing a difference of $-0.02. Thus Surprise Factor was there with -2.2 percent. Before Earnings Announcement on 06/21/2016, the firm had its stock price of $50.63. And immediately on the next day after earnings announcement, the stock declined -4.92% and closed its trading session at $48.14. On 7th Day after earnings release, CarMax Inc. (NYSE:KMX) dropped to -9.74% from $50.63 to $45.7.

On 04/07/2016, Analysts were suspecting EPS of $0.71/share where CarMax Inc. (NYSE:KMX) reported its Actual EPS of $0.74. Thus showing a Surprise of 4.2 percent. The Closing Price of the stock before earnings was $53.29 while on the Next day the stock closed its trading session at $49.48 with a percentage change of -7.15% from the price of 53.29 before Earnings. The Stock Closing Price on the 7th day of earnings was $53.94.

Company Profile:

CarMax Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic and imported vehicles; sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and provides extended protection plans to customers at the time of sale. The company also offers reconditioning and vehicle repair services; and provides financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with other financial institutions. In addition, it sells new vehicles under franchise agreements. As of August 2, 2016, the company operated 160 used car stores in 37 states. The company was founded in 1993 and is based in Richmond, Virginia.