Oppenheimer analyst Brian Nagel believes that the market’s expectations for CarMax’s Q2 are fairly low. In a new report, Nagel discussed why he believes the company’s earnings report on September 22 could be good enough to send its share price higher.

Low Bar

Oppenheimer is looking for Q2 earnings of $0.73 versus consensus expectations of $0.76. For fiscal 2015, Oppenheimer is now calling for earnings of $3.01 versus consensus expectations of $3.05.

Solid Market

With Oppenheimer’s earnings expectations below consensus, how is…

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