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published in Blogs
Dec 20, 2019

CarMax (KMX, $93.40) beats Q3 sales estimate, misses earnings expectation

CarMax’s revenue surpassed  the Street's expectations. Its earnings, however, fell short of analysts’ estimates.

The used-car retailer ‘s third-quarter revenue increased +11.5% year-over-year to $4.79 billion, exceeding analysts’ estimate of $4.68 billion.

Same-store sales climbed +7.5%, beating analysts' expectation of  +6.2% .  Strong conversion, bolstered by continued support from third-party lending partners, web traffic growth, and a favorable response to consumer initiatives boosted the results.

Used vehicle sales rose +13.6% to $4.03 billion, which is higher than analysts’ estimate of $3.97 billion. Wholesale vehicle sales increased +1.2%, missing expectations of $625.5 million.

Earnings for the quarter came in at $1.04 a share, missing analysts’ forecast of $1.14. The figure was also lower from the year-ago quarter’s $1.09 a share. Bill Nash, president and CEO, indicated that the earnings decline was largely due to higher stock-based compensation expense, reflecting an increasing share price and an increase in third-quarter advertising expense related to the company’s omni-channel launch and the roll-out of a new national advertising campaign.

 

 

 

Related Ticker: KMX

KMX in upward trend: price rose above 50-day moving average on February 22, 2024

KMX moved above its 50-day moving average on February 22, 2024 date and that indicates a change from a downward trend to an upward trend. In of 46 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 28, 2024. You may want to consider a long position or call options on KMX as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for KMX just turned positive on February 26, 2024. Looking at past instances where KMX's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for KMX crossed bullishly above the 50-day moving average on February 01, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where KMX advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 271 cases where KMX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for KMX moved out of overbought territory on February 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where KMX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

KMX broke above its upper Bollinger Band on February 12, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. KMX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. KMX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock worse than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.004) is normal, around the industry mean (9.014). P/E Ratio (24.508) is within average values for comparable stocks, (29.712). Projected Growth (PEG Ratio) (0.948) is also within normal values, averaging (2.932). KMX has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.035). P/S Ratio (0.457) is also within normal values, averaging (84.141).

Notable companies

The most notable companies in this group are Home Depot (NYSE:HD), Lowe's Companies (NYSE:LOW), AutoZone (NYSE:AZO), Tractor Supply Company (NASDAQ:TSCO), Ulta Beauty (NASDAQ:ULTA), Best Buy Company (NYSE:BBY), Five Below (NASDAQ:FIVE), Bath & Body Works (NYSE:BBWI), RH (NYSE:RH), GameStop Corp (NYSE:GME).

Industry description

The specialty stores sector includes companies dedicated to the sale of retail products focused on a single product category, such as clothing, carpet, books, or office supplies. A specialty store could face intense competition from big-box departmental chains, and therefore offering an adequate collection of the product type it specializes in is key in maintaining/growing its market.

Market Cap

The average market capitalization across the Specialty Stores Industry is 7.65B. The market cap for tickers in the group ranges from 48 to 375.82B. HD holds the highest valuation in this group at 375.82B. The lowest valued company is CALI at 48.

High and low price notable news

The average weekly price growth across all stocks in the Specialty Stores Industry was 3%. For the same Industry, the average monthly price growth was 31%, and the average quarterly price growth was 40%. GHST experienced the highest price growth at 87%, while RLAB experienced the biggest fall at -31%.

Volume

The average weekly volume growth across all stocks in the Specialty Stores Industry was -67%. For the same stocks of the Industry, the average monthly volume growth was -54% and the average quarterly volume growth was -47%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 53
Price Growth Rating: 50
SMR Rating: 67
Profit Risk Rating: 75
Seasonality Score: -37 (-100 ... +100)
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KMXDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a holding company whose subsidiaries sell and finance used motor vehicles

Industry SpecialtyStores

Profile
Fundamentals
Details
Industry
Specialty Stores
Address
12800 Tuckahoe Creek Parkway
Phone
+1 804 747-0422
Employees
30621
Web
https://www.carmax.com
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KMX and

Correlation & Price change

A.I.dvisor indicates that over the last year, KMX has been loosely correlated with LAD. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is some statistical probability that if KMX jumps, then LAD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To KMX
1D Price
Change %
KMX100%
+0.07%
LAD - KMX
66%
Loosely correlated
-1.04%
PAG - KMX
59%
Loosely correlated
-0.25%
CPRT - KMX
58%
Loosely correlated
+0.28%
ABG - KMX
58%
Loosely correlated
-1.72%
KAR - KMX
56%
Loosely correlated
+0.17%
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