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The Latest Breaking News from KMX

Dow Jones Futures: Treasury Yields Fall With Inflation Data Due; Nike Dives On Inventories

Futures signaled a new bounce as Treasury yields fell ahead of the Fed's favorite inflation gauge. Nike plunged on inventory woes.

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3 Used Car Stocks to Buy Instead of CarMax

3 Used Car Stocks to Buy Instead of CarMax

A drop in used vehicles and gasoline prices in July should bode well for companies dealing with used cars. However, given its weak fundamentals, CarMax (KMX) does not look well-positioned to capitalize on the industry tailwinds. Therefore, it could be wise to invest in fundamentally strong used car stocks AutoNation…

CarMax Reports Strong Earnings – Buy, Sell, Hold?

CarMax Reports Strong Earnings – Buy, Sell, Hold?

Used car retailer CarMax (KMX) topped the consensus earnings estimates in its most recent quarter. However, it reported declining vehicle sales. The stock has plunged more than 25% this year. So, should you buy, sell, or hold the stock now? Read on to find out….

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Analysts Hailed CarMax's Q1 Performance While Highlighting Concerns

Analysts lauded CarMax Inc's (NYSE:KMX) Q1 beat while also pointing out the macro concerns. RBC Capital analyst Steven Shemesh maintained CarMax with an Outperform and raised the price target from $104 to $108 in a note titled, "F1Q'23 Follow-Up – Navigating Volatility Well." KMX's results were broadly in line with expectations, Shemesh noted. He expected the inflationary…

Where CarMax Stands With Analysts

Within the last quarter, CarMax (NYSE:KMX) has observed the following analyst ratings:

CarMax Q1 Earnings Top Estimates

CarMax Inc (NYSE:KMX) reported first-quarter FY23 sales growth of 21% year-on-year to $9.31 billion, beating the consensus of $9.12 billion. The company sold 427,257 units through combined retail and wholesale channels, a decrease of 5.5% Y/Y. KMX cited several macroeconomic factors that weighed on Q1 unit sales performance, including the lapping of stimulus…

3 Auto Dealership Stocks to Avoid as U.S. Car Sales Slump

Considering the current market volatility and decline in U.S. car sales amid an economic slowdown, it may not make sense to bet on auto dealership stocks that could plunge due to their fundamental weakness or the industry headwinds. CarMax (KMX), Asbury Automotive (ABG), and Sonic Automotive (SAH) have weak financials…

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6 Analysts Have This to Say About CarMax

6 Analysts Have This to Say About CarMax

Within the last quarter, CarMax (NYSE:KMX) has observed the following analyst ratings:

Analyst Ratings for CarMax

Analyst Ratings for CarMax

Over the past 3 months, 5 analysts have published their opinion on CarMax (NYSE:KMX) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

3 Stocks to Avoid as Used Car Prices (Finally) Start Falling

3 Stocks to Avoid as Used Car Prices (Finally) Start Falling

The used car market has been slowing over the past two months because consumer demand is slowing and used car prices are declining. So, given the used car industry’s bleak growth prospects, we think it could be wise to avoid adding fundamentally weak stocks CarMax (KMX), CarLots (LOTZ), and Carvana…

3 Stocks to Avoid as Used Car Prices Skyrocket

3 Stocks to Avoid as Used Car Prices Skyrocket

Recent supply chain disruptions and geopolitical tensions have negatively affected automobile production and sales, increasing used car prices. This has led Carvana (CVNA), CarMax (KMX), and KAR Auction Services (KAR) to witness a significant slowdown in used-car sales volume. Therefore, we think these stocks are best avoided now. Read on.

Where CarMax Stands With Analysts

Where CarMax Stands With Analysts

Analysts have provided the following ratings for CarMax (NYSE:KMX) within the last quarter:

CarMax Shares Slide As Q4 EPS Miss Consensus; Boosts Long-Term Targets

CarMax Shares Slide As Q4 EPS Miss Consensus; Boosts Long-Term Targets

CarMax Inc (NYSE:KMX) reported fourth-quarter 2022 net revenues growth of 48.8% year-on-year to $7.69 billion, beating the consensus of $7.50 billion. The company sold 343,413 units through retail and wholesale channels, up 11.3% Y/Y. Retail used unit sales decreased 5.2%, while wholesale units increased 43.8%. CarMax bought about 324,000 vehicles from consumers in…

Earnings Outlook For CarMax

Earnings Outlook For CarMax

CarMax (NYSE:KMX) is set to give its latest quarterly earnings report on Tuesday, 2022-04-12. Here's what investors need to know before the announcement. Analysts estimate that CarMax will report an earnings per share (EPS) of $1.27.

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What 4 Analyst Ratings Have To Say About CarMax

Over the past 3 months, 4 analysts have published their opinion on CarMax (NYSE:KMX) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Evercore ISI Downgrades This Used-Vehicle Retailer - Read Why

Evercore ISI analyst Michael Montani downgraded CarMax Inc (NYSE:KMX) to In-Line from Outperform with a price target of $120, down from $145, implying a 10% upside. Montani said CarMax took a profitable share throughout the calendar year 2021. He sees used vehicle pricing remaining "stubbornly high" with a new and used vehicle shortage likely to…

Where CarMax Stands With Analysts

CarMax (NYSE:KMX) has observed the following analyst ratings within the last quarter:

Death Cross Looms Over CarMax Investors

If history is any guide, there may be trouble ahead for shares of CarMax (NYSE:KMX). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

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