CarMax’s Upcoming Q2 Earnings Preview
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/KMX'>CarMax, Inc. (NYSE:KMX)</a> ahead of the upcoming Q2 earnings announcement. While the analysts continue to believe in the company's long-term share gain opportunity, they believe industry data and peer read-throughs continue to point to a deteriorating macro backdrop. RBC Capital’s bias skews to the downside on both used unit comp sales (Street’s -2.0%) and EPS (Street’s $1.43). </p>
<p>More encouragingly, the analyst’s channel work leads them to believe the company can now offer 100% online purchasing to nearly all consumers - which paired with a reallocation of advertising spend, should result in continued share progress.</p>
<p>The analysts expect Q2 used units flat year-over-year at 231,700 (Street’s 230,500). This implies the company gained share as industry data remains soft, although the analysts note visits to the company's website were down approximately 15% year-over-year during Q2.</p>

NYSE:KMX