Fly News Breaks for June 25, 2018
KMX
Jun 25, 2018 | 07:36 EDT
Buckingham analyst Glenn Chin downgraded CarMax to Neutral from Buy citing valuation and raised its price target to $84 from $75.
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.