Carmax Earnings: Your Sneak Peek to the Big Announcement

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Carmax (NYSE:KMX) will report earnings before markets open on Wednesday, April 10th. CarMax, Inc. sells at retail new and used cars and light trucks. The Company purchases, reconditions, and sells new and used vehicles in its superstores and franchises throughout the United States.

Here is your Cheat Sheet to Carmax Earnings:

Earnings Expectations: Analysts expect earnings of $0.46 per share on revenues of $2.73 billion. Currently, the company’s P/E ratio stands at 22.36.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.56 and has not changed. For the current year, the average estimate is a profit of $1.87, which is the same as the estimate ninety days ago.

Earnings Trends:

Here’s how Carmax has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 8,200 6,974 7,470 8,976 10,000
Diluted EPS ($) 0.84 0.27 1.24 1.65 1.79

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Nov. 30, 2011 Feb. 29, 2012 May. 31, 2012 Aug. 31, 2012 Nov. 30, 2012
Revenue ($) in millions 2,261 2,476 2,774 2,758 2,602
Diluted EPS ($) 0.36 0.41 0.52 0.48 0.41

Past Performance:
Carmax has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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