Advan Notable Hits: CarMax, Inc. (KMX), THOR Industries, Inc. (THO) & Cintas Corporation (CTAS)

September 29, 2023 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (KMX:NYSE) On Thursday September 28, 2023 CarMax, Inc. (KMX) posted revenues of $7.07 bn slightly above the mean analyst estimate and in the same direction as Advan's forecasted sales. The revenue decreased 13% YoY inline with Advan's foot traffic data decrease of 12% YoY in its car dealerships location in Q2 2024 fiscal. As a result, the stock closed down 13.4% from previous close. Advan's footfall data has a correlation of 0.96 on a YoY basis with KMX's top-line revenue over the last 14 quarters.

Advan Hits: KMX correlation traffic vs revenue

Notable Hit 2: (THO:NYSE) On Monday September 25, 2023 THOR Industries, Inc. (THO) posted revenues of $2.74 bn surpassing the mean analyst estimate of $2.45 bn and in the same direction as Advan's forecasted sales. The revenue decreased 28.4% YoY inline with Advan's foot traffic data decrease of 39.7% YoY in its manufacturing facilities in Q4 2023 fiscal. Advan's footfall data has a correlation of 0.99 on a YoY basis with THO's top-line revenue over the last 13 quarters.

Advan Hits: THO correlation traffic vs revenue

Notable Hit 3: (CTAS:NASDAQ) On Tuesday September 26, 2023 Cintas Corporation (CTAS) posted revenues of $2.34 bn surpassing the mean analyst estimate of $2.33 bn and in the same direction as Advan's forecasted sales. The revenue increased 8.1% YoY inline with Advan's foot traffic data increase of 10.4% YoY in its stores in Q1 2024 fiscal. Advan's footfall data has a correlation of 0.86 on a YoY basis with CTAS's top-line revenue over the last 14 quarters.

Advan Hits: CTAS correlation traffic vs revenue

Follow us on Twitter and LinkedIn.

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.