CarMax (KMX) is showing mixed performance in the market with various indicators. The stock performance underperformed compared to its competitors on several days, while outperforming them on others. The expected growth and positive speculation surrounding their Q4 2024 earnings seem to have boosted the investors' confidence, leading to increased stock holdings by firms like Victory Capital Management Inc. and VanECK Associates Corp. despite the stock facing daily losses. However, performance later turned gloomy for KMX as Q4 earnings failed to beat estimates and reported a Y/Y decline, causing the stock to plunge. Despite the overall underperformance, some analysts still consider KMX a lucrative investment due to the company's efforts to overcome market headwinds. Also, the company's swift reaction to an earnings miss by raising $1.25B via a bond sale is seen as a smart move. However, constant capital allocation issues and decreasing 3-year earnings have led to some investors offloading their KMX shares.
Carmax KMX News Analytics from Mon, 25 Sep 2023 07:00:00 GMT to Sun, 19 May 2024 01:04:43 GMT -
Rating 2
- Innovation -2
- Information 7
- Rumor -3
