Advan Notable Hits: CarMax (KMX) & Nike (NKE)

Notable Hit: (KMX:NYSE) On Friday June 25, 2021 CarMax, Inc. (KMX) posted better-than-expected revenues of $7.7bn surpassing the consensus estimate of $6.11mm (-26%) and in the same direction as Advan's forecasted sales. The revenue was +138.4% YoY - Advan's foot traffic data captured an increase in traffic of +84.77% YoY. As a result, the stock was +6.3% in the pre-market from its previous close price at $119.43. Advan's footfall data has over 0.98 correlation on a YoY basis with Carmax's top-line revenue over the last 12 quarters.

Advan Hits: KMX correlation traffic vs revenue

Notable Hit 2: (NKE:NYSE) On Thursday June 24, 2021 NIKE, Inc. (NKE) posted better-than-expected revenues of $12.3bn surpassing the consensus estimate of $11.03bn (-11.5%) and in the same direction as Advan's forecasted sales. The revenue was +95.31% YoY - Advan's foot traffic data captured an increase in traffic of +255% YoY. As a result, the stock was +13.97% in the pre-market from its previous close price at $133.94. Advan's footfall data has 0.96 correlation on a YoY basis with Nike's top-line revenue over the last 12 quarters.

Advan Hits: NKE correlation traffic vs revenue

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About Advan

Advan is the leader in the financial and real estate industries, enabling participants to analyze foot traffic data across multiple sectors, including retail, hospitality, consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.

Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan’s products.