CarMax Reports Record Second Quarter Results
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Stifel Puzzled by Reaction to CarMax (KMX) Following Q2 Results; Remains Buyer on Weakness
September 23, 2015 8:01 AM EDTStifel affirms CarMax (NYSE: KMX) with a Buy rating and $80 price target following the company's Q2 report on Tuesday night.
Analyst James Albertine noted that KMX's Q2 EPS of $0.82 compared with the firm's $0.75 estimate.
Albertine offered the following commentary on KMX:
We were saddened to hear of famed baseball player Yogi Berra's passing yesterday, but oddly enough,... More
UPDATE: Oppenheimer Downgrades CarMax (KMX) to Perform
September 23, 2015 6:29 AM EDT(Updated - September 23, 2015 9:53 AM EDT)
Oppenheimer downgraded CarMax (NYSE: KMX) from Outperform to Perform and removed its price target (prior $77.00). Analyst Brian Nagel is cautious on near-term comps.
The analyst explained, "For a long while, we have looked upon KMX... More
CarMax (KMX) Tops Q2 EPS by 7c
September 22, 2015 7:36 AM EDTCarMax (NYSE: KMX) reported Q2 EPS of $0.83, $0.07 better than the analyst estimate of $0.76. Revenue for the quarter came in at $3.88 billion versus the consensus estimate of $3.99 billion.
Used comps rose 4.6%.
Used unit sales in comparable stores increased... More