CarMax Earnings: 3 Things to Watch
Investors are gaining confidence in CarMax’s (NYSE:KMX) business heading into its second-quarter earnings results set to post on Friday, Sept. 22. The used car retailer’s operating trends looked healthy at its last report, but it wasn’t clear just how much of that success had to do with the temporary lift caused by the arrival of delayed tax refund checks.
This week’s results should answer that question, along with a few other important ones for investors. Investors will be paying plenty of attention to comparable-store sales gains. That figure was a solid 8.2% to kick off the new fiscal year, which represented just a minor slowdown from the prior quarter’s 8.7% jump.
CarMax to report 2Q earnings with Texas, Florida car sales in focus
CarMax (KMX), the nation’s largest used-car dealer, will report quarterly earnings Friday with analysts expecting sales in Texas and Florida to surge following two devastating hurricanes. Hurricanes Harvey and Irma damaged thousands of vehicles, and dealers are bracing for a spike in local demand for new and used vehicles once residents begin to search for replacements.
CarMax will be part of that recovery effort. The company has 178 stores in 39 states, including Texas and Florida. Analysts will also be listening for any negative impacts to CarMax’s most recent quarter. Its fiscal second quarter ended Aug. 31, about a week after Harvey arrived on the Texas coast.
Today's Trading Lesson
Too many trading opportunities?
You’re not alone in that thought. Every coaching client had the same question, especially with the stock market near all-time highs.
To handle too many signals triggering at the same time you need a progression from best, to the rest. You need criteria that says “this is my best trade, this is next, and so on. I call this your trading progression.
Today’s video explains the concept in detail. Feel free to post your questions or comments.
On the Tape Today | 9-22-17
DLTR-Dollar Tree holding order flow near the $84 resistance. Game planing a new swing trade long using an $84.50 buy stop. Initial target to sell comes in at $89. Stop loss comes in on a close below $83.
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Stocks to Trade | Friday Edition 9-22-17
Bullish Momentum: HTZ, CF, SLCA
Bearish Momentum: agn, ea, cpb
Bullish Order Flow: SRPT, DE, ADI, BIDU, UNP, HD, PNC, BA, MCHP, ABBV, CAT, MAR, KITE, BABA, CELG, DLTR, MA, LRCX, AMGN, BXUN, TTWO, EL,
Bearish Order Flow: efx, bbby, cpb, cbs, ual, agn, k, khc, mnk, dis, aap
Double Normal Volume: APC, BBBY, AGN, EFX, JUNO
Inside Days: intc, mu, pfe, c, hal, tsm, sbux, gis, cop, qcom, v, mos, wdc, ccl, esrx, crm, gps, kss, coh, rost, lvs, dg, fast, adp, dltr
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