CarMax (KMX) Dips More Than Broader Markets: What You Should Know

CarMax (KMX) Dips More Than Broader Markets: What You Should Know
This story originally appeared on Zacks

CarMax (KMX) closed at $141.31 in the latest trading session, marking a -1.35% move from the prior day. This move lagged the S&P 500’s daily loss of 0.75%. Meanwhile, the Dow lost 0.3%, and the Nasdaq, a tech-heavy index, lost 0.23%.

CarMax (KMX) Dips More Than Broader Markets: What You Should Know – Zacks

Coming into today, shares of the used car dealership chain had lost 4.26% in the past month. In that same time, the Retail-Wholesale sector lost 5.11%, while the S&P 500 lost 0.13%.

Wall Street will be looking for positivity from CarMax as it approaches its next earnings report date. This is expected to be December 22, 2021. The company is expected to report EPS of $1.50, up 5.63% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.63 billion, up 47.2% from the year-ago period.

KMX’s full-year…

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