Latest news with #CarMax
Yahoo
5 hours ago
- Business
- Yahoo
What To Expect From Tractor Supply's (TSCO) Q2 Earnings
Rural goods retailer Tractor Supply (NASDAQ:TSCO) will be reporting earnings this Thursday morning. Here's what you need to know. Tractor Supply missed analysts' revenue expectations by 1.9% last quarter, reporting revenues of $3.47 billion, up 2.1% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts' expectations significantly and full-year EPS guidance missing analysts' expectations significantly. Is Tractor Supply a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Tractor Supply's revenue to grow 3.6% year on year to $4.40 billion, improving from the 1.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.80 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Looking at Tractor Supply's peers in the consumer retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Walgreens delivered year-on-year revenue growth of 7.2%, beating analysts' expectations by 6.4%, and CarMax reported revenues up 6.1%, in line with consensus estimates. Walgreens traded up 1.2% following the results while CarMax was also up 4.5%. Read our full analysis of Walgreens's results here and CarMax's results here. There has been positive sentiment among investors in the consumer retail segment, with share prices up 10.6% on average over the last month. Tractor Supply is up 9.9% during the same time and is heading into earnings with an average analyst price target of $55.77 (compared to the current share price of $58.97). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
2 days ago
- Automotive
- Yahoo
CarMax (KMX) Traded Lower Amid Macro Uncertainty
Ariel Investments, an investment management company, released its 'Ariel Appreciation Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Following the initial market decline triggered by the "Liberation Day" tariff announcement, the stock market rebounded, bolstered by heightened interest in AI stocks, positive economic data, and robust corporate earnings. Against this backdrop, the fund increased +5.81% in the second quarter, outpacing the Russell Midcap Value Index's +5.35% returns and trailing the Russell Midcap Index's +8.53% returns. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Ariel Appreciation Fund highlighted stocks such as CarMax, Inc. (NYSE:KMX). CarMax, Inc. (NYSE:KMX) is a used vehicle retailer headquartered in Richmond, Virginia. The one-month return of CarMax, Inc. (NYSE:KMX) was -6.77%, and its shares lost 22.49% of their value over the last 52 weeks. On July 18, 2025, CarMax, Inc. (NYSE:KMX) stock closed at $62.62 per share, with a market capitalization of $9.398 billion. Ariel Appreciation Fund stated the following regarding CarMax, Inc. (NYSE:KMX) in its second quarter 2025 investor letter: "Lastly, used and wholesale vehicle auction operator, CarMax, Inc. (NYSE:KMX), trader lower in the quarter. Although the company's earnings rose sharply year-over-year, management suspended the timeframes around its long-term strategic objectives due to macro uncertainty. At current levels, KMX's valuation is particularly attractive. Management has a strong track record of navigating headwinds and their inventory management expertise, alongside KMX's brand and scale are difficult to replicate. Looking out, we believe the company has a long runway for growth as its omni-channel presence and initiatives targeted at personalizing the consumer experience seamlessly combine its world-class in-store experience and online offerings." A happy customer inspecting a newly purchased used car with the help of a sales assistant. CarMax, Inc. (NYSE:KMX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 59 hedge fund portfolios held CarMax, Inc. (NYSE:KMX) at the end of the first quarter, compared to 57 in the previous quarter. In the first quarter, CarMax, Inc. (NYSE:KMX) delivered total sales of $7.5 billion, up 6% compared to last year. While we acknowledge the potential of CarMax, Inc. (NYSE:KMX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered CarMax, Inc. (NYSE:KMX) and shared Alphyn Capital Management's views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Business Insider
4 days ago
- Automotive
- Business Insider
Evercore ISI Sticks to Its Buy Rating for CarMax (KMX)
Evercore ISI analyst Michael Montani reiterated a Buy rating on CarMax today and set a price target of $85.00. The company's shares opened today at $62.85. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Montani is a 4-star analyst with an average return of 6.7% and a 60.87% success rate. Montani covers the Consumer Cyclical sector, focusing on stocks such as Carvana Co, CarMax, and Dollar Tree. In addition to Evercore ISI, CarMax also received a Buy from Benchmark Co.'s Michael Albanese in a report issued yesterday. However, on July 15, Bank of America Securities assigned a Sell rating to CarMax (NYSE: KMX). Based on CarMax's latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $7.55 billion and a net profit of $210.38 million. In comparison, last year the company earned a revenue of $7.11 billion and had a net profit of $152.44 million Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Jon Daniels, the EVP, CAF of KMX sold 1,540.00 shares for a total of $108,785.60.
Yahoo
6 days ago
- Automotive
- Yahoo
Auto expert makes stunning prediction about when EVs will surpass gas cars on US roads: 'The implications to this hidden trend are wild'
Gas-powered cars are disappearing from U.S. roads and being replaced by electric vehicles at a surprising pace. This shift is occurring at a different rate per state, yet it is an impressive trend and encouraging for the health of people and our planet. As Recurrent reported, a tipping point for gas-powered cars on the road comes when a state reaches 30% in EV sales. That tipping point is 2025 in California and 2026 in Washington and Colorado. Other states will start seeing fewer gas cars added to their roads compared with the increase in EV sales between 2028 and 2035. "The implications to this hidden trend are wild," wrote Scott Case, co-founder and CEO of Recurrent. "Revenue from gasoline sales and oil changes will begin to decline in several states in the next year or two." Case explained that as this shift from gas to electric vehicles advances, gas car owners will find themselves driving obsolete technology that's expensive and challenging to maintain. He predicted that gas stations would start closing and gas-powered car repairs would become more costly and difficult to obtain. He also suggested that the value of used gas cars will decrease since buyers are increasingly preferring EVs. Meanwhile, the used EV market has been growing rapidly as prices for pre-owned, eco-friendly vehicles drop to affordable levels. A CarMax report shared that used EV prices dropped by over 40% between January 2022 and February 2025. Recurrent is an innovative company that connects EV sellers to networks of dealers and monitors EV battery health for free. On average, EV sellers earn approximately $1,400 more by selling their electric vehicles through Recurrent. There are now many ways to make owning an EV affordable and profitable. Do you think a majority of Americans will have EVs in 20 years? Absolutely Only in some states No way I'm not sure Click your choice to see results and speak your mind. For example, some drivers are reducing their EV operating costs by charging their vehicles at home with solar panels rather than paying for public charging stations. EnergySage is a free and convenient resource for comparing solar quotes from vetted local installers. Many people are excited about the prospect of having more EVs than gas-powered cars on their states' roads and enjoying less planet-overheating pollution in the air they breathe. On Case's LinkedIn post sharing the data, one social media user commented, "Going electric is a no-brainer." "I'd love to see the curve of adoption bend a bit more with more even electric to gas pricing and more affordable batteries," a LinkedIn user wrote. "This can't happen quickly enough," someone else shared. "Clean air is a fundamental human right." Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
6 days ago
- Automotive
- Yahoo
Auto expert makes stunning prediction about when EVs will surpass gas cars on US roads: 'The implications to this hidden trend are wild'
Gas-powered cars are disappearing from U.S. roads and being replaced by electric vehicles at a surprising pace. This shift is occurring at a different rate per state, yet it is an impressive trend and encouraging for the health of people and our planet. As Recurrent reported, a tipping point for gas-powered cars on the road comes when a state reaches 30% in EV sales. That tipping point is 2025 in California and 2026 in Washington and Colorado. Other states will start seeing fewer gas cars added to their roads compared with the increase in EV sales between 2028 and 2035. "The implications to this hidden trend are wild," wrote Scott Case, co-founder and CEO of Recurrent. "Revenue from gasoline sales and oil changes will begin to decline in several states in the next year or two." Case explained that as this shift from gas to electric vehicles advances, gas car owners will find themselves driving obsolete technology that's expensive and challenging to maintain. He predicted that gas stations would start closing and gas-powered car repairs would become more costly and difficult to obtain. He also suggested that the value of used gas cars will decrease since buyers are increasingly preferring EVs. Meanwhile, the used EV market has been growing rapidly as prices for pre-owned, eco-friendly vehicles drop to affordable levels. A CarMax report shared that used EV prices dropped by over 40% between January 2022 and February 2025. Recurrent is an innovative company that connects EV sellers to networks of dealers and monitors EV battery health for free. On average, EV sellers earn approximately $1,400 more by selling their electric vehicles through Recurrent. There are now many ways to make owning an EV affordable and profitable. Do you think a majority of Americans will have EVs in 20 years? Absolutely Only in some states No way I'm not sure Click your choice to see results and speak your mind. For example, some drivers are reducing their EV operating costs by charging their vehicles at home with solar panels rather than paying for public charging stations. EnergySage is a free and convenient resource for comparing solar quotes from vetted local installers. Many people are excited about the prospect of having more EVs than gas-powered cars on their states' roads and enjoying less planet-overheating pollution in the air they breathe. On Case's LinkedIn post sharing the data, one social media user commented, "Going electric is a no-brainer." "I'd love to see the curve of adoption bend a bit more with more even electric to gas pricing and more affordable batteries," a LinkedIn user wrote. "This can't happen quickly enough," someone else shared. "Clean air is a fundamental human right." Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
