Fly News Breaks for May 1, 2015
KMX
May 1, 2015 | 07:45 EDT
Oppenheimer remains upbeat on CarMax's intermediate and longer term prospects. The firm says it has become slightly more cautious on the company in the nearer term, partly because of weaker recent auto sales data and higher Street EPS estimates for CarMax. However, the firm thinks the chain is well-positioned to benefit from improved consumer spending as weather normalizes. It keeps an Outperform rating on the shares.
News For KMX From the Last 2 Days
KMX
Mar 18, 2024 | 16:19 EDT
Mizuho analyst David Bellinger initiated coverage of CarMax with a Neutral rating and $80 price target. The analyst launched coverage of 15 companies in the consumer hardlines and consumer internet verticals with an optimistic view for the balance of 2024. The firm expects a "more subdued, yet stable" spending backdrop to become more apparent in the coming months and takes a positive view toward eight names. Its top picks include Lowe's (LOW) within core consumer hardlines and large caps, Wayfair (W) within consumer internet coverage, and Mister Car Wash (MCW) within small caps. Expectations for rate cuts into 2025 should serve as an added positive and supports a positive stance on home improvement and other home-related activity, the analyst tells investors in a research note.