CarMax (KMX) October 80 straddle priced for a move of 12% into quarter results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/21/2026
- Wall St futures rise as AI stocks gain, oil prices slide
- Oil prices slide to 11-day low on hopes of US-Iran diplomacy, Saudi exports
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Anthropic and Accenture partner on embedded AI safety evaluation
JPMorgan on CarMax (KMX): 'Expect a Strong Negative Reaction'
September 29, 2022 10:59 AM EDTJPMorgan analyst Rajat Gupta reiterated a Neutral rating and {REMOVEPT} price target on CarMax (NYSE: KMX)
The analyst comments "Expect a strong negative reaction. $0.79 vs JPM $1.37 vs buy-side around ~$1.25. Broad miss across all key metrics including unit growth, SG&A leverage,... More
Evercore ISI Stays Sidelined on CarMax (KMX) Noting Tough Industry Backdrop
September 29, 2022 10:44 AM EDTEvercore ISI analyst Michael Montani reiterated an In Line rating and $90.00 price target on CarMax (NYSE: KMX).
The analyst comments "CarMax is winning market share amidst a tough industry backdrop. It is not buying volume. CarMax retail used unit comps of -8.3% YoY (-6.4% units) was less negative than the -12% YoY F1Q drop (stimulus cycle... More
Morgan Stanley on CarMax (KMX): 'The story of KMX's 2Q is clear: demand destruction'
September 29, 2022 10:43 AM EDTMorgan Stanley analyst Adam Jonas reiterated an Overweight rating and $124.00 price target on CarMax (NYSE: KMX).
The analyst comments "Same store volume down 8.3% YoY, following last quarter's -12.7% YoY, is similar to 2020 levels of unit volume decline and could be a... More
RBC Capital Quick Take on CarMax (KMX) Earnings
September 29, 2022 8:05 AM EDTRBC Capital analyst Steven Shemesh reiterated an Outperform rating and $108.00 price target on CarMax (NYSE: KMX).
The analyst comments "Unsurprisingly, KMX results disappointed, reflecting a continued challenging macro environment. With consumer sentiment weakening, new car production picking up, and rates rising, the... More
