CarMax Inc (KMX) has been attracting attention in the market with strong sales growth and improved metrics reported in their recent earnings calls. Despite concerns over a dip in auto prices, CarMax is experiencing boosts from lower prices, and strong auto finance of $8B and massive used car sales nearing 770K. The company's growth appears to be returning with projections for additional boosts.
Positive earnings forecasts are contributing to the company's elevation among top automobile stocks. Despite sporadic insider selling, the
share price continues to grow, and Wall Street analysts set CarMax's target price at $85.17. However, one must also take note of the reported shrinking earnings that incur a three-year loss for shareholders. More positive outcomes are anticipated with CarMax slated to fire on all pistons as evidenced by Q3 2025 earnings report that beat expectations, showing a profit jump and marked revenue growth. It's also worthwhile noting the
mixed signals of stabilization. However, investor confidence in CarMax is reinforced as the share price continues to rocket higher and is considered a potentially undervalued stock.
Carmax KMX News Analytics from Tue, 26 Mar 2024 13:36:34 GMT to Sat, 11 Jan 2025 00:28:18 GMT -
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- Information 8
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