CarMax misses profit estimates; monitoring strikes at Detroit Three
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September 28, 2023 9:45 AM EDT
RBC Capital analyst Steven Shemesh reiterated an Outperform rating and $90.00 price target on CarMax (NYSE: KMX).
The analyst comments "Our view: Some puts and takes. EPS a bit shy of buyside expectations (we believe in the low $0.80s). Bottom line - shares... More
September 28, 2023 8:43 AM EDT
Carvana (NYSE: CVNA) Trades Lower in Sympathy with CarMax (NYSE: KMX)
KMX -12% Following ResultsCVNA -4.5%...
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September 28, 2023 8:37 AM EDT
Evercore ISI analyst Michael Montani reiterated an In Line rating and $80.00 price target on CarMax (NYSE: KMX).
The analyst comments "F2Q EPS (Jun-Aug) of $0.75 vs. the Street at $0.75/EVR at $0.78 shows that CarMax is facing increased headwinds from tighter financing, unfavorable credit performance, and a softening consumer backdrop. The Retail used unit comp of -9% came in below our -7%/ the Street at -8%. GPU at $2,251, or -1.4% YoY vs. the Streets +0.8% YoY outlook. SG&A was reduced 12% YoY supporting EPS this... More
September 28, 2023 8:15 AM EDT
(Updated - September 28, 2023 8:21 AM EDT)
CarMax (NYSE: KMX) shares plunged premarket Thursday after the company reported its earnings for the second quarter.
KMX shares are currently down more than 12% premarket, around the $70.10 mark, after closing Wednesday's session at $79.69 per share.
The... More
