CarMax Q3 Earnings: Solid Growth In Auto Finance Income, Retail And Wholesale Units
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Earnings Report Highlights: CarMax reported third-quarter earnings with sales of $6.223 billion, surpassing expectations, and earnings per share of 81 cents, exceeding the analyst consensus of 64 cents. The company also saw increases in retail used unit sales and gross profit margins.
Financial Position and Stock Activity: CarMax repurchased 1.5 million shares for $114.8 million during the quarter, maintaining a strong cash position with $271.9 million in cash and equivalents, while inventories stood at $3.665 billion.
Analyst Views on UPGD
Wall Street analysts forecast UPGD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UPGD 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.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 77.358
Low
Averages
High
Current: 77.358
Low
Averages
High
No data
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.
