Increasing unusual option volume: REAL PSEC PLTK HTGC REM NYCB KMX WPC

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CarMax (KMX) Second Quarter Story is of 'Demand Destruction' - Morgan Stanley

September 29, 2022 11:48 AM EDT

CarMax's (NYSE: KMX) quarterly results, released premarket on Thursday, demonstrated the current strain on US consumers.

Inflation soaring and interest rates rising have weighed significantly on consumer spending. As a result, CarMax's earnings results missed consensus expectations.

The company stated several macroeconomic factors... More

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