CarMax (KMX) falls on earnings miss, as used vehicle sales slow
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Nasdaq, S&P end lower as tech stocks fall
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- JPMorgan raises S&P 500 target to 7,800, says earnings revision ’unprecedented’
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- UBS Reiterates Buy Rating on Snowflake Inc. (SNOW)
RBC Capital on CarMax (KMX): 'We expect some share pressure today'
September 28, 2023 9:45 AM EDTRBC 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
Carvana (CVNA) Trades Lower in Sympathy with CarMax (KMX)
September 28, 2023 8:43 AM EDTCarvana (NYSE: CVNA) Trades Lower in Sympathy with CarMax (NYSE: KMX)
Evercore ISI Reacts to CarMax (KMX) Earnings, 'Franchised dealers appear to be benefitting from off lease vehicle availability'
September 28, 2023 8:37 AM EDTEvercore 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
CarMax misses profit estimates; monitoring strikes at Detroit Three
September 28, 2023 6:59 AM EDTBy Nathan Gomes
(Reuters) -CarMax on Thursday posted a lower-than-expected quarterly profit, hurt by weakening demand for preowned vehicles, sending the used-car retailer's shares down nearly 10%.
Preowned vehicles' demand, which was strong during the pandemic, has fallen, as consumers opt for newer models with attractive financing deals and safety technology.
However, an ongoing labor strike by the United Auto Workers (UAW) union against Ford, General Motors and Stellantis, targeting... More
CarMax (KMX) misses Q2 EPS by $0.03; to resume buybacks this quarter
September 28, 2023 6:51 AM EDT(Updated - September 28, 2023 8:12 AM EDT)
(Update corrects consensus EPS to $0.78)
CarMax (NYSE: KMX) reported Q2 EPS of $0.75, $0.03 worse than the analyst estimate of $0.78. Revenue for the quarter came in at $7.1 billion versus the consensus estimate of $7.01 billion.
The... More
