Latest news with #VisibleAlpha
Yahoo
10 hours ago
- Automotive
- Yahoo
CarMax Profit Rises on Higher Revenue From Retail Used Vehicles
CarMax reported better-than-anticipated earnings as its retail vehicles sales increased. Revenue grew 6% year-over-year to $7.55 billion, although that was slightly short of forecasts. Retail vehicle unit sales climbed 9%, and revenue from those sales grew 7.5%.CarMax (KMX) shares gained Friday as the largest U.S. used car retailer posted better-than-expected profit as sales of retail vehicles increased even as prices declined. The company reported fiscal 2026 first-quarter earnings per share of $1.38 on revenue that grew 6% year-over-year to $7.55 billion. Analysts surveyed by Visible Alpha expected $1.17 and $7.57 billion, respectively. Retail vehicle revenue was up 7.5% to $6.10 billion, on a 9% gain in unit sales. Wholesale vehicle revenue fell 0.3% to $1.25 billion, although units sold were 1.2% higher. The average selling price for used vehicles dropped 1.5%, and they were down 1.7% for wholesale vehicles. Gross profit climbed 13% to $893.6 million, boosted by a 12% rise in retail unit gross profit. Wholesale unit gross profit fell 0.4%. CEO Bill Nash said the company benefited from "our best-in-class omni-channel experience, the diversity of our business, and our sharp focus on execution." Despite today's 4% advance, shares of CarMax are down 18% year-to-date. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
14 hours ago
- Business
- Yahoo
Accenture Tops Q3 Estimates, Lifts Full-Year Sales, Profit Outlook
Accenture (ACN) on Friday reported better-than-expected fiscal third-quarter results and lifted its full-year revenue and profit projections. The company reported earnings per share (EPS) of $3.49 on revenue that grew 8% year-over-year to $17.73 billion. Analysts had expected $3.29 and $17.33 billion, respectively, according to estimates compiled by Visible Alpha. Accenture lifted the bottom end of its full-year revenue forecast again, now projecting 6% to 7% growth from fiscal 2024, and also raised its EPS estimate to $12.77 to $12.89. Last quarter, Accenture raised the lower end of its fiscal 2025 revenue growth and EPS ranges, forecasting 5% to 7% sales growth and EPS of $12.55 to $12.79. Despite the solid top- and bottom-line results, Accenture shares were down 3% immediately following the report's release. They entered Friday down about 13% since the start of the year. Read the original article on Investopedia
Yahoo
a day ago
- Business
- Yahoo
Here's How Much Traders Expect Accenture Stock To Move After Friday's Earnings
Accenture (ACN) is set to report earnings for the third quarter of fiscal 2025 on Friday morning, with markets anticipating that the professional services firm's stock will reach either a two-month low or a three-month high following the release. Based on current options prices, investors expect Accenture stock to move roughly 5.3% in either direction following Friday's earnings report. At the high end, that would be about $323, which would be Accenture stock's highest price since mid-March, while the low end of the move would put the stock just above $290. Accenture shares are down about 12% since the start of the year amid concerns the Trump administration's government spending cuts could hit Accenture's government contracts revenue. The stock sank 7% the day of last quarter's earnings report, when Accenture's CEO confirmed investors' fears, saying "many new procurement actions have slowed" with the push to cut government spending. In the three quarters before that, however, Accenture shares rose 7%, 5.6%, and 7.3% on the day of each report. Despite those concerns, Accenture's revenue is projected to rise 5% year-over-year to $17.33 billion, with earnings per share forecast to rise 8% to $3.29, according to estimates compiled by Visible Alpha. Eight of the 11 analysts tracked by Visible Alpha call Accenture stock a "buy," while the other three rate it as a "hold." They give the stock an average price target of $357.70, a premium of roughly 17% to Wednesday's close. Accenture shares slid 1.8% to $306.38 on Wednesday. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Nucor Stock Rises as Steelmaker Forecasts Improving Q2 Profits
Nucor shares rose Wednesday after the steelmaker forecast better second-quarter profits than expected. Profits are projected between $2.55 and $2.65 per share, well above the $2.21 analyst consensus. Tariffs are expected to raise prices in the steel industry, leading to higher profits for American steelmakers like (NUE) shares are rising Wednesday after the steelmaker outlined better second-quarter profit projections than analysts had forecast. The company said Wednesday morning that it expects second-quarter earnings per share to come in between $2.55 to $2.65, well above the current analyst consensus compiled by Visible Alpha of $2.21. In its first-quarter report in April, Nucor said it expected earnings to increase from the $0.67 per share it posted at the time, with improving profits across all three of its segments. Nucor's steel mills had a higher average selling price in the second quarter, while its division selling steel products is projected to report higher profits "due to a combination of stable overall pricing, higher volumes and lower average costs per ton." Nucor said it will release its second-quarter results after the bell on July 28, and hold an earnings call the next morning. Analysts have grown more bullish on American steelmakers like Nucor this year, expecting the Trump administration's tariffs to raise prices in the industry and lead to higher profits in the sector. Nucor shares were up more than 3% shortly after the opening bell, and entered the day up nearly 5% since the start of the year. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Why Western Digital Is a ‘Key Name' in IT Hardware for Morgan Stanley
Morgan Stanley on Tuesday raised its price target for Western Digital stock to $78 from $70. The bank analysts' target is more bullish than the consensus of the brokers who follow Western Digital and are tracked by Visible Alpha. Western Digital "benefits from accelerating data growth," Morgan Stanley Digital (WDC) is poised to benefit from growing demand for AI-driven data storage, said analysts at Morgan Stanley. The bank raised its price target to $78 from $70, while maintaining an overweight rating in a note to clients on Tuesday. Shares of Western Digital rose about 1% in recent afternoon trading; Morgan Stanley's target comes in at a roughly 34% premium to Monday's close. The data storage provider's stock is up nearly 30% so far in 2025. Western Digital "benefits from accelerating data growth, which drives storage demand,' the analysts said. Such demand currently outstrips supply, which puts upward pressure on the price of hard drives such as those made by the company, they added. 'WDC is a key name where we'd be putting incremental capital to work within our IT Hardware universe,' Morgan Stanley said. The bank's new $78 target is the most bullish on Wall Street when compared to the consensus near $59 supplied by Visible Alpha. Read the original article on Investopedia
