Here's what history shows about KMX past earnings run-ups

17 June 2024, 10:17 AM

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By Dmitry Pargamanik

KMX Shares Could Increase Ahead of Earnings

  • 10 out of the last 12 times, KMX stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 1.4% Gains
KMX is scheduled to report earnings on 21-Jun-2024. The last time Carmax reported earnings on Apr 11, 2024, the stock dropped by -9.2% to close at $71.98. At its current price of $70.00, KMX post earnings drift is -2.8%. Typically, traders tended to bid up KMX shares (heading into earnings) prior to its scheduled release.

KMX Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves KMX had for the last 12 quarters around earnings. The 1 day run up into earnings is notable as it shows that the stock increased 83% of the time for an average gain of 1.4%. That was actually a better bullish play than holding KMX through earnings that saw a -3.4% decline.

KMX historical stock price movement before earnings

Go to KMX Historical Price Movements Around Earnings page



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