CarMax earnings are imminent; these most accurate analysts revise forecasts ahead of the earnings call – CarMax (NYSE:KMX)

Brand: CarMax KMX will release its second-quarter earnings results before the market opens on Thursday, September 26.

Analysts expect the Richmond, Virginia-based company to report quarterly earnings of 86 cents per share, up from 75 cents per share in the same period a year earlier. CarMax is projected to post quarterly revenue of $6.79 billion, according to data from Benzinga Pro.

On June 21, the company reported a decline in net sales and total operating income for the first quarter of fiscal year 25 of 7.5% year-on-year to $7.11 billion, missing the analysts' consensus estimate of $7.245 billion.

CarMax shares fell 2.6% to close at $74.49 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by ticker symbol, company name, analyst signature, rating change, or other variables.

Let's take a look at how Benzinga's most accurate analysts have rated the company over the recent period.

• Truist Securities analyst Scot Ciccarelli maintained a Hold rating and raised the price target from $70 to $75 on Sept. 23. This analyst has a 71% accuracy rate.
• JP Morgan analyst Rajat Gupta maintained the Underweight rating and raised the price target from $55 to $65 on September 19. This analyst has a 75% accuracy rating.
• Wedbush analyst Seth Basham reiterated an Outperform rating with a $95 price target on Sept. 17. This analyst has a 75% accuracy rate.
• RBC Capital analyst Steven Shemesh maintained an Outperform rating and raised the price target from $73 to $75 on June 24. This analyst has a 62% accuracy rate.
• Oppenheimer analyst Brian Nagel maintained an Outperform rating with a $105 price target on June 24. This analyst has a 72% accuracy rate.

Thinking about buying KMX stock? Here's what analysts think:

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