Various news and updates reflect differing perspectives towards CarMax Inc. (KMX). The used-car retailer experienced a 33% drop in its first-quarter profit, affected by high rates and supply issues. Its profit challenges continued in Q2 as CarMax again missed earnings estimates, although strong unit sales and margins remain a highlight. Challenges persist as CarMax continues to underperform the market and grapples with capital allocation issues, raising doubt among investors. Some shareholders are wary of its CEO's increasing compensation, while others remain hopeful with Goldman Sachs predicting CarMax to rally as a long-term AI stock, despite its current performance. Analysts expect a decline in earnings, with a mixed outlook for the future. CarMax has yet to reach its vehicle sales goal, which may be why JPMorgan has maintained its underweight sell rating. Still, Madison Mid Cap Fund has trimmed CarMax while Raymond James & Associates, Cetera Investment Advisers, and others are increasing their stake, revealing a varied market view. Indeed, CarMax remains strong among top auto and truck dealership stocks, and despite setbacks, it has secured a place on Fortune's Best Workplaces in Retail list for the tenth consecutive year.
Carmax KMX News Analytics from Sat, 06 Jan 2024 08:00:00 GMT to Fri, 01 Nov 2024 22:18:00 GMT - Rating -1 - Innovation 5 - Information 8 - Rumor -3
