What to Expect From CarMax’s Upcoming Q4 Earnings Results?
<p>The analysts at RBC Capital gave their perspective on <a href='https://financialmodelingprep.com/financial-summary/KMX'>CarMax, Inc. (NYSE:KMX)</a> before its Q4/23 which is scheduled for April 11. They have observed that the company's revenue trends appear to be slightly better than what the Street estimates suggest.</p>
<p>According to the analysts, industry data/checks point to a modest rebound in retail price and unit trends throughout the quarter. While this could result in a modest upside compared to the Street expectations, the analysts noted that it is unlikely to have a material impact on investor sentiment as the broader economic backdrop remains challenging. </p>
<p>The analysts estimate Q4 used units to be down 5% year-over-year, putting used unit sales at 187,000 (vs. Street estimate of 174,100). The analysts remain cautious near term given the uncertain macro backdrop but continue to believe the company is well-positioned to gain share/emerge from a downturn stronger.</p>

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