CarMax (KMX) jumps on earnings, revenue beat
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CarMax (KMX) PT Raised to $80 at CFRA
June 23, 2023 9:20 AM EDTCFRA analyst Garrett Nelson raised the price target on CarMax (NYSE: KMX) to $80.00 (from $70.00) while maintaining a Hold rating.
The analyst commented, "While KMX exceeded low investor expectations, we think pricing and volume trends are likely to remain difficult under a "higher... More
CarMax says vehicle affordability remains a challenge, cost cuts help profit
June 23, 2023 7:42 AM EDTBy Kannaki Deka
(Reuters) -CarMax Inc said on Friday that vehicle affordability remains a challenge due to high interest rates and low consumer confidence, but cost cuts helped the used-car retailer post a quarterly profit beat.
Shares of the company jumped 8.8% to $85.25 in early trade, as it also reported a better-than-expected first-quarter revenue.
Although used-car prices have cooled of late, retailers have been hit hard as inflationary pressures... More
CarMax (KMX) jumps 11% following Q1 beat
June 23, 2023 6:58 AM EDTCarMax (NYSE: KMX) jumps 11% following Q1 beat:
reported Q1 EPS of $1.44, may not compare to the analyst estimate of $0.79. Revenue for the quarter came in at $7.7 billion versus the consensus estimate of $7.49 billion.the current years quarter included a $0.28 benefit in connection with a legal settlement.... MoreCarMax (KMX) Q1 EPS Tops Consensus
June 23, 2023 6:56 AM EDTCarMax (NYSE: KMX) reported Q1 EPS of $1.44, may not compare to the analyst estimate of $0.79. Revenue for the quarter came in at $7.7 billion versus the consensus estimate of $7.49 billion.
the current years quarter included a $0.28 benefit in connection with a legal... MorePowell and Fed speakers, Adani, Turkish lira - what's moving markets
June 23, 2023 5:13 AM EDTInvesting.com -- Fed chief Jerome Powell again signals more rate hikes are likely this year, prompting weakness in the equity and energy markets and the focus on the latest round of central bank speakers. Adani Group is back under pressure as U.S. authorities investigate the Indian conglomerate, while the Turkish lira falls to record lows.
1. Powell maintains rate hike view; more Fed speakers due
Jerome Powell finished his two-day semi-annual testimony to Congress on Thursday, and the chairman of the U.S. Federal Reserve... More
Fed speakers, Carmax earnings, Apogee: 3 things to watch
June 22, 2023 4:01 PM EDTInvesting.com -- Stocks were mixed on Thursday after Federal Reserve Chair Jerome Powell wrapped up two days of testimony on Capitol Hill.
After pausing on further interest rate increases at its meeting last week, Powell told lawmakers that the Fed wasn't done with its tightening. More rate hikes are likely this year as the central bank fights inflation back to its 2% target... More
CarMax (KMX) option IV elevated into quarter results and outlook
June 22, 2023 10:52 AM EDTCarMax (NYSE: KMX) June weekly call option implied volatility is at 202, July is at 55; compared to its 52-week range of 34 to 241 into the expected release of quarter results before the bell on June 23.
... More