Goldman Sachs labels
CarMax, Inc. (KMX) as a stock with high consensus ROE while BlueDrive Global Investors LLP reduced its stake in the company. Despite this, there is speculation over CarMax being undervalued.
Madison Mid Cap Fund cut its position, even though the enterprise's stock has outperformed its competitors on a strong trading day. Meanwhile, CarMax's Q2 2025 earnings call transcript has been released, amid news of a 33% drop in the firm's first-quarter profits. The company's price target has been increased to $79.00, and debate persists on whether it is the best-used car stock to buy. Though hedge funds favor the company, its short interest update reveals some potential drawbacks. Analysts predict its Q3 sales could exceed expectations, which might reverse its recent stock drop. Despite a lower performance in Q2, its stock rocketed higher, raising the price target from $50 to $58. CarMax's future as a long-term AI stock is also affirmed by Goldman, with expectations of rallying. Moreover, the company announces its second quarter conference call and JPMorgan has raised its price target, yet maintained its underweight sell rating.
Oppenheimer has highlighted CarMax as one of its top stock picks for the next 12 months. At the same time, an opposing view is that CarMax may have problems allocating its capital. The company continues to stand strong among the top auto and truck dealership stocks.
Sanctuary Advisors LLC has pursued a substantial stake in CarMax. However, opinions are divided as reports suggest its performance has slipped and its Q2 earnings missed expectations, which dragged the stock in Q2 due to high rates and supply woes. In contrast, improved retail sales have lifted CarMax's results and its stock respectively.
Carmax KMX News Analytics from Tue, 26 Mar 2024 13:36:34 GMT to Sat, 19 Oct 2024 19:26:27 GMT -
Rating 2
- Innovation 2
- Information 7
- Rumor -1
