Wedbush Remains Sidelined on CarMax (KMX) as Data Shows Pressure
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/26/2024
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Oppenheimer Remains Bullish on CarMax (KMX) After Meeting with Management
October 14, 2016 9:21 AM EDTOppenheimer reiterated an Outperform rating and $66.00 price target on CarMax (NYSE: KMX) after meeting with management and clients. Overall, the tone of KMX suggests to that management is looking toward nearer term prospects for the chain. Management does not discuss business trends intra-quarter. However, CEO Bill Nash seems to be driving KMX to consider online opportunities among other services.
Analyst Brian Nagel commented, "We spent the past couple of days meeting clients in California with senior management of... More
