CarMax Reports Fourth Quarter Results
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CarMax (KMX) PT Lowered to $98 at BofA/Merrill Lynch Following 4Q
April 5, 2018 8:41 AM EDTBofA/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
CarMax (KMX) PT Lowered to $74 at RBC Capital, Remain Buyers
April 5, 2018 7:06 AM EDTRBC 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.
... MoreCarMax (KMX) Q4 Revenue Misses Views
April 4, 2018 7:36 AM EDTCarMax (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
