![]() It reported adjusted earnings of 72 cents, falling 68.1% from the year-ago quarter figure and lagging the Zacks Consensus Estimate of $2.60 per share. The company intends to open 180-190 stores this year.Īdvance Auto reported first-quarter 2023 results on May 31. Capital expenditures are expected within the range of $750-$800 million. The free cash flow projection is in the band of $1.8-$2.1 billion. The forecast for comparable store sales growth is in the range of 4-6%. Earnings per share are expected between $36.5 and $37. Quarterly revenues of $3.70 billion topped the consensus mark of $3.56 billion and were 12% higher than the prior-year figure of $3.30 billion.įor 2023, O’Reilly expects total revenues in the range of $15.2-$15.5 billion. ![]() The bottom line increased 15.5% from $7.17 in the prior-year quarter. It reported adjusted earnings per share of $8.28, beating the Zacks Consensus Estimate of $8 on higher-than-expected comps growth. O’Reilly released first-quarter 2023 results on Apr 26. The consensus mark for quarterly gross profit from the wholesale vehicle segment is pegged at $149 million, suggesting a decline from $192 million reported in the prior-year quarter.ĬarMax’s key peers include O’Reilly Automotive ORLY, Advance Auto Parts AAP and AutoZone AZO. ![]() The Zacks Consensus Estimate for quarterly gross profit from the used-vehicle segment is pegged at $459 million, implying a decline from $564 million reported in the year-earlier quarter. Lower year-over-year revenues, commodity cost inflation and logistical challenges are likely to have weighed on gross profits. The Zacks Consensus Estimate for quarterly net sales of wholesale vehicles is pegged at $1,339 million, indicating a decrease from the prior-year period’s $2,117 million. The consensus estimate for wholesale vehicle ASP is pegged at $8,740, indicating a fall from the year-ago figure of $11,000.Ĭonsequently, the Zacks Consensus Estimate for CarMax’s net sales from used vehicles is $5,688 million, implying an 18.9% year-over-year decline. For the May quarter, the consensus estimates for used vehicle ASP is pegged at $26,750, indicating a drop from the year-ago figure of $28,840. The Zacks Consensus Estimate for used and wholesale units sold during the to-be-reported quarter is pegged at 206,644 and 150,859, respectively, implying a decline from the year-ago period’s level of 240,950 and 186,307 units.Īdditionally, falling average selling prices are likely to have clipped revenues further. The estimated decline in total vehicles sold by CarMax in the first quarter of fiscal 2024 is likely to have played spoilsport. The Zacks Consensus Estimate for quarterly revenues suggests a year-over-year contraction of 21.77%. The bottom line projection indicates a year-over-year decline of 53.21%. The Zacks Consensus Estimate for CarMax’s fiscal first-quarter earnings per share has been revised up by a cent in the past seven days.
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