Information Provided By: 
Fly News Breaks for December 16, 2019
KMX
Dec 16, 2019 | 07:32 EDT
Oppenheimer analyst Brian Nagel raised his price target for CarMax to $118 from $100 and maintained an Outperform rating. In a research note to investors, Nagel says that ahead of the company's upcoming Q3 report on December 20, he evaluated trends at the chain, and said that while more challenging comparisons loom, he views underlying momentum at CarMax as intact and believes that shares have yet to reflect fully the power of the company's now more digitally-driven operating model.
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.
