CarMax (KMX) call put ratio 1 call to 12 puts as shares sell off 22%

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JPMorgan on CarMax (KMX): 'Expect a Strong Negative Reaction'

September 29, 2022 10:59 AM EDT

JPMorgan analyst Rajat Gupta reiterated a Neutral rating and {REMOVEPT} price target on CarMax (NYSE: KMX)

The analyst comments "Expect a strong negative reaction. $0.79 vs JPM $1.37 vs buy-side around ~$1.25. Broad miss across all key metrics including unit growth, SG&A leverage,... More

Evercore ISI Stays Sidelined on CarMax (KMX) Noting Tough Industry Backdrop

September 29, 2022 10:44 AM EDT

Evercore ISI analyst Michael Montani reiterated an In Line rating and $90.00 price target on CarMax (NYSE: KMX).

The analyst comments "CarMax is winning market share amidst a tough industry backdrop. It is not buying volume. CarMax retail used unit comps of -8.3% YoY (-6.4% units) was less negative than the -12% YoY F1Q drop (stimulus cycle... More

Morgan Stanley on CarMax (KMX): 'The story of KMX's 2Q is clear: demand destruction'

September 29, 2022 10:43 AM EDT

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $124.00 price target on CarMax (NYSE: KMX).

The analyst comments "Same store volume down 8.3% YoY, following last quarter's -12.7% YoY, is similar to 2020 levels of unit volume decline and could be a... More