Published on 29 Nov 2021 on Zacks via Yahoo Finance
CarMax (KMX) Gains But Lags Market: What You Should Know
CarMax (KMX) closed the most recent trading day at $146.48, moving +0.5% from the previous trading session. This move lagged the S&P 500's daily gain of 1.32%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq lost 0.15%.
Heading into today, shares of the used car dealership chain had gained 6.45% over the past month, outpacing the Retail-Wholesale sector's loss of 0.46% and the S&P 500's gain of 3.61% in that time.
Investors will be hoping for strength from CarMax as it approaches its next earnings release. On that day, CarMax is projected to report earnings of $1.47 per share, which would represent year-over-year growth of 3.52%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.44 billion, up 43.44% from the year-ago period.