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CarMax Is Set to Benefit From Used Car Sales, Lower Gas Costs
2014-12-18 21:55:53| Auto Dealers - Topix.net
Despite missing analysts' estimates three months ago, it's become a momentum stock, setting a new all-time intraday high at $60.66 on Dec. 11. Analysts expect that declining gasoline prices led to improved sales of used cars in the quarter that ended in November. Analysts expect CarMax to report earnings of 64 cents a share, but given missed earnings in three out of the last four quarters, shares have been volatile.
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Category:Automotive
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