CarMax: Mixed Signs Of Stabilization [Seeking Alpha]
CarMax Inc (KMX)
Last carmax inc earnings: 4/2 06:50 am
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US:NYSE Investor Relations:
investors.carmax.com/home/default.aspx
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Source: Seeking Alpha
Summary CarMax, Inc.'s sales continue to be pressured by a weak automotive sales industry, but the company's focus on gross profit has already started stabilizing the gross margin. The industry outlook remains cloudy regarding used car prices, the consumer sentiment, and interest rates. A fair midterm earnings recovery is still priced into CarMax's stock price. KarenMower/E+ via Getty Images CarMax, Inc. NYSE: KMX ) has continued to report shrinking revenues as used car prices continue declining and as sales are pressured by a weak consumer. The company is now focusing on protecting the margin level, and although gross margins trail considerably below a normalized level, the margin level is starting to see consistent improvements. In my previous article on the stock, “ CarMax: The Anticipated Earnings Recovery Is Reflected In Valuation, ” I initiated CarMax at a neutral Hold rating as the market has already been looking past the industry's current challenges. Since the ar
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News
- Here's Why Madison Mid Cap Fund Trimmed CarMax (KMX) [Yahoo! Finance]Yahoo! Finance
- CarMax, Inc. (NYSE: KMX) had its price target raised by analysts at Evercore ISI from $76.00 to $79.00. They now have an "in-line" rating on the stock.MarketBeat
- CarMax, Inc. (NYSE: KMX) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $82.00 price target on the stock.MarketBeat
- CarMax, Inc. (NYSE: KMX) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $95.00 price target on the stock.MarketBeat
- CarMax, Inc. (NYSE: KMX) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $90.00 price target on the stock.MarketBeat
KMX
Earnings
- 9/26/24 - Miss
KMX
Sec Filings
- 9/27/24 - Form 10-Q
- 9/26/24 - Form 8-K
- KMX's page on the SEC website