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CarMax's upcoming earnings report on June 20th is poised to capture attention, particularly given its impressive 80% earnings growth in the recent fourth quarter, driven by robust gains across its business segments. The market is keenly anticipating a continuation of this upward trajectory, with analysts projecting an EPS of $1.20 and revenue of $7.55 billion for the quarter. Notably, the whisper number slightly trails at $1.19, suggesting that expectations are finely tuned to CarMax's performance. Despite a mixed fourth-quarter showing where EPS fell short of forecasts, CarMax's strategic focus on expanding its used-vehicle sales and enhancing its online capabilities has positioned it well for sustained growth. With a market cap nearing $9.82 billion, CarMax's ability to navigate the volatile automotive market and deliver on these expectations will be crucial in maintaining investor confidence and potentially driving its stock performance.
CarMax is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance.
Website: https://www.carmax.com
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