CarMax (KMX) option IV elevated into quarter results and guidance
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Go back to CarMax (KMX) option IV elevated into quarter results and guidance
April 11, 2024 11:21 AM EDT
CFRA analyst Garrett Nelson lowered the price target on CarMax (NYSE: KMX) to $70.00 (from $75.00) while maintaining a Hold rating.
The analyst comments "We lower our 12-month price target by $5 to $70, based on a FY 26 (Feb.) P/E of 17.5x, a justified... More
April 11, 2024 7:36 AM EDT
CarMax (NYSE: KMX) reported a decline in fourth-quarter earnings and revenue, missing Wall Street estimates and sending its shares down 7.6% premarket. The auto retailer posted adjusted earnings per share (EPS) of $0.32, falling short of the analyst consensus of $0.46. Revenue also came in below expectations at $5.6 billion, compared to the projected $5.79 billion.
In comparison to the same quarter last year, net revenues decreased by 1.7%. The company experienced a modest increase in retail... More
