CarMax downgraded by JP Morgan with a new price target
$KMX
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
JP Morgan downgraded CarMax from Neutral to Underweight and set a new price target of $60.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/20/2024 | $99.00 | Hold → Buy | Needham |
| 3/19/2024 | $80.00 | Neutral | Mizuho |
| 9/25/2023 | $85.00 → $90.00 | Neutral → Outperform | Wedbush |
| 6/12/2023 | Buy → Neutral | Northcoast | |
| 2/23/2023 | $66.00 | Hold | Truist |
| 1/11/2023 | $60.00 | Neutral → Underweight | JP Morgan |
| 1/5/2023 | Buy → Hold | Argus | |
| 12/23/2022 | $100.00 → $75.00 | Outperform | Oppenheimer |
4 - CARMAX INC (0001170010) (Issuer)
4 - CARMAX INC (0001170010) (Issuer)
4 - CARMAX INC (0001170010) (Issuer)
CarMax's (NYSE:KMX) short percent of float has fallen 7.46% since its last report. The company recently reported that it has 18.07 million shares sold short, which is 13.14% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.91 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im
Wedbush analyst Seth Basham maintains CarMax (NYSE:KMX) with a Outperform and raises the price target from $85 to $95.
Across the recent three months, 12 analysts have shared their insights on CarMax (NYSE:KMX), expressing a variety of opinions spanning from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 5 6 0 0 Last 30D 0 0 1 0 0 1M Ago 1 4 4 0 0 2M Ago 0 0 1 0 0 3M Ago 0 1 0 0 0 Analysts have recently evaluated CarMax and provided 12-month price targets. The average target is $78.58, accompanied by a high estimate of $105.00 and a low estimate of $66.00. A negative shift
SC 13G/A - CARMAX INC (0001170010) (Subject)
SC 13G/A - CARMAX INC (0001170010) (Subject)
SC 13G/A - CARMAX INC (0001170010) (Subject)
10-Q - CARMAX INC (0001170010) (Filer)
8-K - CARMAX INC (0001170010) (Filer)
8-K - CARMAX INC (0001170010) (Filer)
Needham upgraded CarMax from Hold to Buy and set a new price target of $99.00
Mizuho initiated coverage of CarMax with a rating of Neutral and set a new price target of $80.00
Wedbush upgraded CarMax from Neutral to Outperform and set a new price target of $90.00 from $85.00 previously
Delivers positive retail used unit growth and double-digit earnings increase CarMax, Inc. (NYSE:KMX) today reported results for the second quarter ended August 31, 2024. Second Quarter Highlights: Retail used unit sales increased 5.1% and comparable store used unit sales increased 4.3% from the prior year's second quarter; wholesale units decreased 0.3%. Gross profit per retail used unit of $2,269 and gross profit per wholesale unit of $975, both in line with last year. Extended Protection Plan (EPP) margin growth of $69 per retail unit to $575 and service margin growth of $84 per retail unit from the prior year's second quarter. Bought 300,000 vehicles from consumers and dealers, u
RICHMOND, Virginia, Sept. 25, 2024 (GLOBE NEWSWIRE) -- CarMax (NYSE:KMX) has been named to Fortune magazine's 2024 Fortune Best Workplaces in Retail™ list for the 10th consecutive year, ranking #6 in the large company category. Earning a spot on this prestigious list means that CarMax is one of the country's best companies to work for. "We are immensely proud of CarMax's associates for their dedication and hard work. This award is a testament to their unwavering commitment and the supportive culture we have built together," said Diane Cafritz, CarMax's EVP, Chief Innovation & People Officer. The Best Workplaces in Retail list is highly competitive. To determine the list, Fortune par
CarMax, Inc. (NYSE:KMX) will report its financial results for the second quarter ended August 31, 2024 before the market opens on September 26, 2024, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president and CEO, Enrique Mayor-Mora, executive vice president, CFO and Jon Daniels, senior vice president, CAF Operations. The live conference call can be accessed by dialing (800) 225-9448 (or (203) 518-9708 for international access) and entering the conference ID 3171396. A live audio webcast also will be available at investors.carmax.com. A replay of the webcast will be available on the company's
Delivers positive retail used unit growth and double-digit earnings increase CarMax, Inc. (NYSE:KMX) today reported results for the second quarter ended August 31, 2024. Second Quarter Highlights: Retail used unit sales increased 5.1% and comparable store used unit sales increased 4.3% from the prior year's second quarter; wholesale units decreased 0.3%. Gross profit per retail used unit of $2,269 and gross profit per wholesale unit of $975, both in line with last year. Extended Protection Plan (EPP) margin growth of $69 per retail unit to $575 and service margin growth of $84 per retail unit from the prior year's second quarter. Bought 300,000 vehicles from consumers and dealers, u
CarMax, Inc. (NYSE:KMX) will report its financial results for the second quarter ended August 31, 2024 before the market opens on September 26, 2024, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president and CEO, Enrique Mayor-Mora, executive vice president, CFO and Jon Daniels, senior vice president, CAF Operations. The live conference call can be accessed by dialing (800) 225-9448 (or (203) 518-9708 for international access) and entering the conference ID 3171396. A live audio webcast also will be available at investors.carmax.com. A replay of the webcast will be available on the company's
Announces the expansion of its asset-backed securitization program to enable incremental growth in finance income CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2024. First Quarter Highlights: Retail used unit sales decreased 3.1% and comparable store used unit sales decreased 3.8% from the prior year's first quarter; wholesale units declined 8.3% from the prior year's first quarter, impacted by lower year-over-year seasonal appreciation. Delivered strong margins in retail, wholesale, and Extended Protection Plans (EPP). Gross profit per retail used unit of $2,347, in line with last year; gross profit per wholesale unit of $1,064 and EPP of $563