CarMax (KMX) has experienced a series of negative events in recent times, leading to a significant drop in its stock prices. These events have been ignited by the abrupt departure of the company's CEO, Bill Nash, the company's downward-forecasted Q3 comparison used unit sales of 8% to 12%, and legal issues, resulting in a class-action lawsuit against the company. Financial professionals have cut CarMax's valuation. The exit of the CEO has led to weaker EPS outlook and rating downgrades making stakeholders question the potential for future price improvement. Several investment firms and banks such as Evercore ISI Group, RBC Capital, Needham & Company LLC, JPMorgan Chase & Co, and William Blair have downgraded and slashed their target price for CarMax. Additionally, CarMax is facing regulatory scrutiny with several lawsuits initiated by top-tier legal firms. However, Machina Capital S.A.S., Teacher Retirement System of Texas, Plato Investment Management Ltd, and others have taken significant positions in the company. Despite the current turmoil, some investors speculate that there is still a possibility of a turnaround.
Carmax KMX News Analytics from Wed, 01 Oct 2025 07:00:00 GMT to Sat, 08 Nov 2025 16:18:04 GMT -
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