CarMax Accelerates Used Car Sales Growth, Despite Earnings Miss
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 10 2025
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Source: Benzinga
Earnings Report Highlights: CarMax reported fourth-quarter sales of $6 billion, exceeding expectations, while retail used unit sales rose 6.2% year-over-year; however, earnings per share fell short of analyst estimates at 58 cents.
Future Outlook and Expansion Plans: The company plans to open six new store locations and four reconditioning/auction centers in fiscal year 2026, with projected capital expenditures of approximately $575 million due to deferred land purchases.
Analyst Views on EQTY
Wall Street analysts forecast EQTY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EQTY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 28.046
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Current: 28.046
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
