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Kritika Sarmah

Earnings Preview: What to Expect From CarMax's Report

Valued at a market cap of $13 billion, CarMax, Inc. (KMX) is the largest retailer of used cars in the United States, known for its no-haggle pricing and wide selection of vehicles. Headquartered in Richmond, Virginia, CarMax operates both physical locations and an online platform for buying and selling cars. The company is scheduled to release its Q4 earnings report on Thursday, April 10.

Ahead of this event, analysts expect CarMax to report a profit of $0.62 per share, up 93.8% from $0.32 per share in the year-ago quarter. The company has missed Wall Street's bottom-line estimates in three of the past four quarters while beating on another occasion.

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