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Fly News Breaks for April 5, 2017
KMX
Apr 5, 2017 | 09:35 EDT
MScience said CarMax's Q1 is "very strong" with same-store-sales tracking to +8-10% versus consensus of +5%.
News For KMX From the Last 2 Days
KMX
Apr 15, 2024 | 06:17 EDT
JPMorgan lowered the firm's price target on CarMax to $55 from $60 and keeps an Underweight rating on the shares following the fiscal Q4 report. The results showed no organic growth as well as reduced margins, the analyst tells investors in a research note. The firm believes the recent stretch of CarMax results warrants a broader debate on structural aspects like market share and unit economics in the near- to medium-term to provide comfort around the company's long-term earnings potential.
