The Latest Breaking News from KMX

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…

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

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…

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.

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

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…

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.

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 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…