CarMax will announce fourth-quarter results before the open on Thursday, April 11
Used car retailer CarMax Inc (NYSE:KMX) will report fourth-quarter results before the open on Thursday, April 10. Analysts expect earnings of 64 cents per share, representing 100% upside from the same quarter last year. In the coming weeks, traders will likely be eyeing retail reports for insight into the tariff landscape.
At last look today, KMX was up 0.5% at $74.09, looking to snap a three-day losing streak that coincides with the broad-market wipeout. Year to date, the equity is down 9.3%.
Looking back, KMX has a fairly optimistic post-earnings earnings history. The security finished higher after six of its last eight reports, including the last three, and averaged a 7% move over the last two years, regardless of direction. This time around, the options pits are pricing in a much bigger 14.5% swing.
In the options pits, call traders have been targeting KMX at a faster-than-usual rate. The equity's 10-day call/put volume ratio of 3.16 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 98% of readings from the past year. However, in the event of a negative post-earnings move, an unwinding of this optimism could provide headwinds.