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.
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.
