Used car retailer **CarMax (KMX)** has been a topic of heated discussion lately based on a myriad of mixed reports. Performance fluctuations in the fiscal year were marked by a **33% drop in Q1 profit** and a **fall in Q2 earnings** which raised questions about CarMax's stabilization. Despite the rough year, some investors, like **First Pacific Advisors LP** and **Van ECK Associates Corp**, increased their holdings in KMX, while others like Raymond James & Associates decreased theirs. Contrary to expectations, CarMax's profit surpassed estimates, which offset revenue misses, pushing its stock price upward.
However, issues such as high rates and supply difficulties continued to trouble CarMax in Q2 and layoffs of over 400 employees have been reported lately. Amidst a cautious outlook and long-term growth speculation, CarMax has faced criticism for its ROE. Several analysts predicted a decline in earnings, while negative market performance and poor quarterly results have made investors wary of increasing CarMax's CEO compensation package. Yet, some experts like Oppenheimer still consider CarMax one of their top stock picks for the next 12 months.
Carmax KMX News Analytics from Thu, 21 Dec 2023 08:00:00 GMT to Sat, 07 Sep 2024 10:16:18 GMT - Rating -2 - Innovation 0 - Information 5 - Rumor -4
