CarMax Q1 Earnings Preview
<p>Wedbush analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/KMX'>CarMax, Inc. (NYSE:KMX)</a> ahead of its upcoming Q1 earnings, expected to be released on June 24.</p>
<p>The analysts expect earnings to come up short of Street estimates due to margin pressure, however, noting that the inflecting unit comp trends and market share gains against wounded competitors could continue to support the shares. </p>
<p>The analysts raised their Q1 used unit comps estimate to (9%) from (15%), compared to the Street estimate of (12.5%), based on the latest readings from their proprietary sales tracker indicating that comps surprisingly inflected from sharply negative in the first half of the quarter to positive in the second half of the quarter.</p>

NYSE:KMX