CarMax Reports Fourth Quarter Results
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Go back to CarMax Reports Fourth Quarter Results
April 5, 2018 8:41 AM EDT
BofA/Merrill Lynch lowered its price target on CarMax (NYSE: KMX) to $98.00 (from $104.00) while maintaining a Buy rating following the company's 4Q. KMX's same-store unit sales declined 8.0% YoY in 4Q, well below the strong pace of 5%+ in 1H:18 and the 3.5%+ pace for the... More
April 5, 2018 7:06 AM EDT
RBC Capital lowered its price target on CarMax (NYSE: KMX) to $74.00 (from $78.00) while maintaining a Outperform rating.
Analyst Scot Ciccarelli said while headwinds could persist in 1Q, they expect improvement in 2Q and beyond. "We would be buyers at current levels," he said.
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April 4, 2018 7:36 AM EDT
CarMax (NYSE: KMX) reported Q4 EPS of $0.67, may not compare to the analyst estimate of $0.88. Revenue for the quarter came in at $4.08 billion versus the consensus estimate of $4.21 billion.
Used unit sales in comparable stores declined 8.0% in the fourth quarter, while they... More
