A holding firm CarMax, Inc (NYSE:KMX) expects higher profit at what time the firm declares its Q3 results on Friday, December 20, 2013. The average anticipates is calling for profit of 48 cents per share, reflecting a surge from 41 cents a share a year before.
The Zacks earnings anticipate, the average predicts is up from three months before at what time it was 46 cents, other than hasn’t changed over the previous month. Analysts are anticipating earnings of $2.27 a share for the fiscal year. Revenue is expected to be 20 percent above the year-earlier total of $2.60B at $3.11B for the quarter. The revenue is forecasted to come in at $12.43B, for the year.
For three consecutive quarters, the company’s net income has increased. In the second quarter, net income rose 48% while it rose 21% in the first quarter and 16% in the fourth quarter.
Revenue has surged by double digits year-over-year for the previous four quarters. In excess of that span, the firm has averaged growth of 18 percent, with the largest increase coming in the most recent quarter what time revenue increased 25% from the year earlier quarter.
The 75% of analysts rate CarMax as a “Buy.” This evaluates favorably to the analyst ratings of seven comparable companies, which average 54% buys.
CarMax, Inc (NYSE:KMX) after opening at $52.51 hit high price of $53.08 and then closed at $53.05 by surging 1.01% and on last session volume of 1.63 million shares and its average volume of 1.11 million shares. The stock price volatility was 1.73% for a week and 1.82% for a month as well as price volatility’s Average True Range for 14 days was 0.96 and its beta remained 1.17.