CarMax, Inc. (KMX) has been the focus of multiple investment firms. Oppenheimer highlighted it as a top stock pick for the next 12 months, while Cambridge Investment Research Advisors and Bank of New York Mellon Corp increased their shares. Additionally, high rates and supply issues impacted its Q2 performance. In Q1 of 2025, CarMax posted a 33% drop in profit, with revenues also falling Y/Y. This financial performance has been attributed to shrinking earnings over the past three years, impacting shareholder returns. However, iA Global Asset Management, Atria Wealth Solutions Inc, and Baillie Gifford & Co. still increased their stake in the company. Despite a 13% stock drop following missed profit and revenue marks, several analysts see potential in CarMax, including those with a contrarian perspective. Concerns over deceleration in the used vehicle market and potential share losses are present. CarMax's Q1 results for 2025 revealed mixed results amidst industry pressures, with the CEO William D. Nash selling stock worth $9.55 million. The firm's Chief Information and Technology Officer, Shamim Mohammad, was honored with inclusion in the CIO Hall of Fame.
Carmax KMX News Analytics from Thu, 21 Dec 2023 08:00:00 GMT to Sun, 01 Sep 2024 08:38:20 GMT -
Rating 3
- Innovation -2
- Information 6
- Rumor 2
