NEW YORK (TheStreet) -- Shares of CarMax Inc (KMX) were up 0.12% to $72.38 in afternoon trading Thursday, one day ahead of the used car company's first quarter earnings release, due out before the market opens Friday.
For the first quarter, CarMax is expected to earn 86 cents per share on revenue of $4.157 billion, according to analysts surveyed by Thomson Reuters.
In the same quarter of last year, the company reported a profit of 76 cents per share on sales of $3.75 billion.
Richmond, Va.-based CarMax is a holding company, providing used vehicles and related products and services.
The CarMax sales operations segment sells used vehicles, purchases used vehicles from customers and other sources, sells related products and services, and arranges financing options for customers.
The company's finance operation provides vehicle financing through CarMax stores.
CarMax operates roughly 131 used car superstores in 64 metropolitan markets.
Separately, TheStreet Ratings team rates CARMAX INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate CARMAX INC (KMX) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."