CarMax (KMX) Misses Q3 EPS by 6c

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Sterne Agee CRT Cuts Price Target on CarMax (KMX) to $67 Following 3Q Miss

December 21, 2015 7:48 AM EST

Sterne Agee CRT maintained a Buy rating on CarMax (NYSE: KMX), and cut the price target to $67.00 (from $68.00), following the company's 3Q earnings report. KMX reported 3Q15 EPS of $0.63 vs. $0.60 in the year-earlier period, below the Street at $0.68. Used unit comps of -0.8% missed both the Street (+1.9%)... More