CarMax (KMX) Shares Fall as EPS Misses on Macro Issues, Co. Raises Long-Term Targets
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CarMax (KMX) Stock Falls After JPMorgan Downgrade to Neutral, Analyst Says Shares Close to Peaking
April 13, 2022 9:41 AM EDTJPMorgan analyst Rajat Gupta downgraded CarMax (NYSE: KMX) to Neutral from Overweight as he believes that the Street consensus is way too high.
The analyst argues that FY23 estimates need to be reset materially, hence his revised estimates now sit at a Street-low... More
Carvana (CVNA) Trades Lower in Sympathy with CarMax (KMX) Following CarMax Results
April 12, 2022 6:55 AM EDTCarvana (NYSE: CVNA) Trades Lower in Sympathy with CarMax (NYSE: KMX) Following CarMax Results
CarMax -7.7%CVNA -.3%... MoreCarMax (KMX) Misses Q4 EPS by 35c
April 12, 2022 6:51 AM EDTCarMax (NYSE: KMX) reported Q4 EPS of $0.98, $0.35 worse than the analyst estimate of $1.33. Revenue for the quarter came in at $7.7 billion versus the consensus estimate of $7.67 billion.
Long-Term Targets:
In May 2021, we introduced 5-year financial targets, including: (i) selling 2 million... More
