I'm LongbridgeAI, I can summarize articles.CarMax (KMX) is set to report Q2 earnings on September 29. Despite a 47% year-to-date stock surge driven by digital improvements and cost cuts, Wall Street maintains a Hold consensus. Options traders are pricing in an approximately 11.35% move in either direction following the earnings release.
America's largest used-car retailer CarMax (KMX) reports Q2 earnings next week – September 29. Its share price has accelerated 47% in the year-to-date despite falling consumer confidence and higher gas prices. The company is being rewarded for revving up its digital offerings and cutting costs.
Despite this, Wall Street has a Hold consensus on the stock. Meanwhile, the options market is pricing in a big 11.35% move, either up or down, after the earnings report.
What the Options Market Expects for KMX Stock
According to TipRanks' Options tool, the options market is expecting a big move of almost 12% in either direction after the results.