The Latest Breaking News from Carmax

When it comes to used cars in the United States, CarMax Inc. (NYSE: KMX) stands out as the largest used car dealership. The auto/tires/trucks sector giant opera

CarMax has underperformed the Nasdaq over the past year, but analysts are moderately optimistic about the stock’s prospects.

CarMax had a strong quarter and sold more cars than expected, reverting to growth sooner than expected, driving solid cash flow and capital return.

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.61%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.43%. Dec E-mini S&P futures (ESZ24 ) are down -0.48%, and Dec E-mini Nasdaq futures...

Ratings for CarMax (NYSE:KMX) were provided by 17 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.

While CarMax has lagged behind the broader market over the past year, Wall Street analysts maintain a moderately optimistic outlook on the stock’s future.

The borough's Planning Board is set to finalize its approval of a proposal.

CarMax is all set to release its fiscal third-quarter earnings in December, and analysts project a double-digit profit growth.

December Nasdaq 100 E-Mini futures (NQZ24) are trending up +1.33% this morning as market participants cheered forecast-beating quarterly results and guidance from semiconductor giant Micron, while also awaiting a flurry of U.S. economic data and remarks from Federal Reserve officials.

What's ahead for the used-car industry

Despite CarMax’s underperformance relative to the S&P 500 Index over the past year, Wall Street analysts remain moderately optimistic about the stock’s prospects.