CarMax (KMX) Tops Q4 EPS by 1c
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April 1, 2021 6:50 AM EDT
CarMax, Inc. (NYSE: KMX), the nations largest and most profitable retailer of used autos, today announced it has signed a definitive agreement to acquire Edmunds, one of the most well established and trusted online guides for automotive information and a recognized industry leader in digital car shopping innovations.
With this acquisition, CarMax and Edmunds accelerate their respective capabilities to deliver an enhanced digital experience to their customers by leveraging Edmunds compelling content and technology, CarMaxs unparalleled national scale and infrastructure, and the combined talent of both companies. Following the closing of the... More
March 31, 2021 6:39 AM EDT
Seaport Global Securities analyst Glenn Chin downgraded CarMax (NYSE: KMX) from Buy to Neutral.
The analyst comments "We are downgrading our rating on KMX shares to Neutral from Buy. This is primarily a valuation call, as we believe the fundamental backdrop for CarMax is very... More
