CarMax (KMX) stock has been subjected to a barrage of negative news after reporting poor Q2 results. The company experienced falling shares, with stock hitting a 52-week low due to an unexpected setback in Q2 earnings. Analysts including Wedbush and Oppenheimer downgraded the stocks and significantly slashed price targets due to 'inventory mismanagement' and weak quarterly results. CarMax announced plans to cut costs up to $150M over the next 18 months after missing Q2 estimates. Other negative indicators include a downgrade by Evercore ISI Group and removal from the FTSE All-World Index. However, despite the stock acting bearish, some analysts see these declines as buying opportunities, anticipating a rebound for the used car retail giant.
Carmax KMX News Analytics from Mon, 22 Sep 2025 13:15:02 GMT to Sat, 27 Sep 2025 22:27:01 GMT -
Rating -8
- Innovation -6
- Information 7
- Rumor -6
