EXPLAINED: Here s what to expect from carmax s next earnings report | Rare Historical Photos

With a ​market cap of $12.1 billion, CarMax, Inc. (KMX) is the largest used-car retailer in the United States. It was founded in 1993 and is renowned for transforming the pre-owned vehicle market with its no-haggle pricing and customer-centric approach. The Richmond, Virginia-based company is scheduled to release its Q4 earnings report on Thursday, April 10.

Ahead of this event, analysts expect CarMax to report a profit of $0.64 per share, up 100% from $0.32 per share in the year-ago quarter. The company has missed Wall Street's bottom-line estimates in three of the past four quarters while beating on another occasion. Driven by solid demand and stable vehicle valuation, it reported an EPS of $0.81 in the previous quarter, which exceeded the consensus estimate by 30.7%.