Micron, Accenture shares dip premarket; Peloton, Gritstone surge
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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
Wall Street analysts positive on lululemon athletica and Peloton deal
September 28, 2023 9:40 AM EDTAfter the close on Wednesday, lululemon athletica (NASDAQ: LULU) and Peloton (NASDAQ: PTON) announced a 5-year strategic global partnership, sending Peloton shares higher in post and premarket trading.
The five-year deal will see Peloton become the exclusive digital fitness content provider for LULU. It will develop all content for Lululemon Studio beginning in early 2024. In addition, the apparel brand will become the primary athletic apparel partner for the... 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
