CarMax Inc. KMX is slated to release first-quarter fiscal 2022 results on Jun 25, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at $1.61 per share and $6.19 billion, respectively.The used car dealership chain came up with better-than-expected results in the last reported quarter on higher-than-anticipated sales from the company’s wholesale vehicles segment. CarMax surpassed earnings estimates in each of the trailing four quarters, with the average being 146.9%. This is depicted in the graph below:CarMax, Inc. Price and EPS Surprise CarMax, Inc. price-eps-surprise | CarMax, Inc. QuoteTrend in Estimate RevisionsThe Zacks Consensus Estimate for fiscal first-quarter earnings per share has moved a penny north in the past seven days. The metric indicates a significant improvement from the year-ago quarter’s earnings of 23 cents per share. Moreover, the Zacks Consensus Estimate for quarterly revenues suggests year-over-year growth of 91.8%.Things to NoteAmid the economic recovery from the pandemic lows buoyed by the widespread vaccination drive and fiscal stimulus, demand for vehicles has been on the rise, which is likely to have aided sales of CarMax. The company, which focuses more on the used car market, is expected to have reaped benefits from higher year-over-year unit sales and average selling price (ASP) of used vehicles.The Zacks Consensus Estimate for used vehicles sold is pegged at 243,050 units, calling for massive year-over-year growth of 80%. The consensus estimate for ASP is pegged at $20,550, indicating an increase from the year-ago figure of $20,346. Consequently, the Zacks Consensus Estimate for used vehicle net sales is pinned at $5,150 million, suggesting a notable rise from the year-ago quarter’s $2,786.2 million. The Zacks Consensus Estimate for wholesale vehicle revenues is pegged at $692 million, implying a year-over-year surge of 1,017% on the back of higher unit sales and ASP. The company’s omni-channel offerings — that provide a personalized multichannel experience — have been improving the shopping experience of buyers and are likely to have driven the top line during the quarter to be reported.Earnings WhispersOur proven model predicts an earnings beat for CarMax this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.CarMax — whose peers include Advance Auto Parts AAP, O’Reilly Automotive ORLY and AutoZone AZO — currently has a Zacks Rank #3 and an Earnings ESP of +6.21%. This is because the Most Accurate Estimate is pegged 10 cents higher than the Zacks Consensus Estimate. You can see the complete list of today’s Zacks #1 Rank stocks here.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report OReilly Automotive, Inc. (ORLY): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report CarMax, Inc. (KMX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research