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KMX

CarMax

$59.78

-0.49 (-0.81%)

, CARG

CarGurus

$33.85

0.88 (2.67%)

09:09
12/19/18
12/19
09:09
12/19/18
09:09

CarMax price target lowered to $67 from $75 at RBC Capital

RBC Capital analyst Scot Ciccarelli lowered his price target on CarMax (KMX) to $67 to reflect its continued revenue growth headwinds driven by the high number of used vehicle sales, growing online competition, and less competitive pricing at CarGurus (CARG). The analyst also keeps his Outperform rating on the CarMax shares however, anticipating used car sales prices to "normalize" and for the company's new digital rollout to "level the field against Carvana (CVNA)." Ciccarelli is also positive on the "easy comparisons and a fairly inexpensive valuation" further supporting shares of CarMax.

KMX

CarMax

$59.78

-0.49 (-0.81%)

CARG

CarGurus

$33.85

0.88 (2.67%)

CVNA

Carvana

$34.72

1.955 (5.97%)

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  • 01

    Feb

KMX CarMax
$59.78

-0.49 (-0.81%)

12/14/18
WEDB
12/14/18
NO CHANGE
Target $87
WEDB
Outperform
Wedbush 'cautious' on CarMax into Q3 earnings
Wedbush analyst Seth Basham maintains an Outperform rating and $87 price target on CarMax, telling investors in a research note that he remains "cautious" into the company's Q3 earnings on December 21. Basham says he is "comfortable" with his comp forecast of -0.5%, well below consensus' +2.6%, and says that while buyside expectations are about in line with his forecast, he sees little to catalyze shares higher on the print.
12/07/18
WELS
12/07/18
NO CHANGE
Target $72
WELS
Outperform
Carvana long-term outlook intact, CarMax pilot 'a validation,' says Wells Fargo
Wells Fargo analyst Zachary Fadem attributed last week's volatility in Carvana (CVNA) shares to a lack of near-term catalysts coming out of its analyst day, investor concerns around Q4 volumes and the announcement that CarMax (KMX) is expanding its Omnichannel pilot in Atlanta. However, after hosting Carvana's VP of Investor Relations at the firm's Technology Summit, Fadem said he remains constructive on the long-term outlook and views the stock among the most compelling growth stories across his retail hardlines coverage. While CarMax's announcement "comes with understandable concern," Fadem views it as "a validation" of the Carvana model and sees Carvana's first mover advantage, customer-centric model and nation-wide network as competitive advantages. He maintains an Outperform rating and $72 price target on Carvana shares.
12/04/18
BARD
12/04/18
NO CHANGE
Target $68
BARD
Outperform
CarMax announcement doesn't change Baird's positive long-term view of Carvana
After CarMax (KMX) formally announced its omni-channel offering that was originally discussed in September, Baird analyst Colin Sebastian noted that the new service is similar to Carvana's (CVNA) e-commerce offering and he views it as an endorsement of Carvana's digital model. While the 10% slide in Carvana shares suggests significant concerns regarding the impact of CarMax's new offering, Sebastian believes that it is not a "winner take all market" and sees room in the $800B annual U.S. used car market for multiple players. Sebastian, who also said experience suggests many traditional retailers ultimately struggle to manage operating e-commerce and brick-and-mortar channels at the same time, has no change to his positive long-term view on Carvana and keeps an Outperform rating on the shares with a $68 price target.
12/04/18
CHLM
12/04/18
NO CHANGE
Target $40
CHLM
Hold
Carvana price target cut to $40 at Craig-Hallum after CarMax omni-channel news
After CarMax (KMX) announced a new omni-channel offering to allow consumers to buy a car completely from home, in-store or a combination, Craig-Hallum analyst Steve Dyer said he believes the hybrid brick-and-mortar and e-commerce platform could be the "ideal solution" for changing consumer demands. He also believes the news could put pressure on Carvana (CVNA) shares in the near-term. CarMax, which Dyer notes is the largest used vehicle retailer, is the latest competitor to increase focus on e-commerce following recent investments by Lithia (LAD) in Shift and AutoNation (AN) in Vroom, the analyst added. Dyer keeps a Hold rating on Carvana and lowered his price target on the stock to $40 from $48 to account for greater competitive threats.
CARG CarGurus
$33.85

0.88 (2.67%)

12/07/18
SBSH
12/07/18
INITIATION
Target $70
SBSH
Buy
Citi calls Etsy and Carvana favorites in Specialty Internet
Citi analyst Nicholas Jones initiated coverage of both Etsy (ETSY) and Carvana (CVNA) with Buy ratings and price targets of $70 and $55, respectively. Carvana and Etsy are the analyst's favorites of the Specialty Internet companies.
12/07/18
SBSH
12/07/18
INITIATION
Target $45
SBSH
Buy
CarGurus initiated with a Buy at Citi
Citi analyst Nicholas Jones started CarGurus with a Buy rating and $45 price target.
11/19/18
11/19/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cognex (CGNX) initiated with a Buy at Berenberg. 2. Yeti (YETI) was initiated with a Buy at Jefferies, Goldman Sachs, Stifel, BofA/Merrill and Citi, an Overweight at Piper Jaffray, KeyBanc, and Morgan Stanley, as well as an Outperform at Baird, William Blair, and Raymond James. 3. WillScot (WSC) initiated with an Equal Weight at Barclays. 4. CarGurus (CARG) initiated with a Buy at SunTrust. 5. Independence Realty Trust (IRT) initiated with an Equalweight at Capital One. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/19/18
RHCO
11/19/18
INITIATION
Target $49
RHCO
Buy
CarGurus initiated with a Buy at SunTrust
SunTrust analyst Naved Khan initiated CarGurus with a Buy rating and a price target of $49 in a research note titled "Powering the Digital Car Buying Experience". The analyst states that the company offers "one of the best plays on online ad spending by Auto dealerships", and that its focus on creating a "rich car buying experience for consumers" with a high ROI for dealers has helped it grow at a rate that is "significantly faster" than its peers. Based on the CarGurus' "superior offering", Khan contends that its 20% or more growth rate is "likely sustainable" for the foreseeable future.
CVNA Carvana
$34.72

1.955 (5.97%)

12/07/18
SBSH
12/07/18
INITIATION
Target $55
SBSH
Buy
Carvana re-initiated with a Buy at Citi
Citi analyst Nicholas Jones re-initiated Carvana with a Buy rating and $55 price target.

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GMVHF

GVC Holdings

$0.00

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EYE

National Vision

$22.98

-0.94 (-3.93%)

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CI

Cigna

$167.11

2.3 (1.40%)

, HUM

Humana

$289.59

4 (1.40%)

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CI

Cigna

$167.11

2.3 (1.40%)

HUM

Humana

$289.59

4 (1.40%)

UNH

UnitedHealth

$245.59

1.84 (0.75%)

WCG

WellCare

$274.54

0.09 (0.03%)

HNT

Health Net

$0.00

(0.00%)

MOH

Molina Healthcare

$123.03

1.47 (1.21%)

TEVA

Teva

$7.50

-0.26 (-3.35%)

AZN

AstraZeneca

$43.86

-0.25 (-0.57%)

BMY

Bristol-Myers

$53.02

0.6 (1.14%)

LLY

Eli Lilly

$108.68

0.24 (0.22%)

GSK

GlaxoSmithKline

$42.52

0.04 (0.09%)

JNJ

Johnson & Johnson

$127.73

-8.47 (-6.22%)

MRK

Merck

$84.68

0.88 (1.05%)

NVS

Novartis

$86.86

-0.395 (-0.45%)

PFE

Pfizer

$36.46

(0.00%)

RHHBY

Roche

$0.00

(0.00%)

SNY

Sanofi

$46.13

-0.43 (-0.92%)

ANTM

Anthem

$249.55

0.3 (0.12%)

CVS

CVS Health

$66.17

-0.31 (-0.47%)

CNC

Centene

$46.92

-0.28 (-0.59%)

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COP

ConocoPhillips

$53.99

-0.55 (-1.01%)

08:03
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AMZN

Amazon.com

$1,757.77

-30.07 (-1.68%)

, NFLX

Netflix

$275.40

-17.88 (-6.10%)

08:00
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Comcast stacking up better than investors might expect, Barron's says »

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AMZN

Amazon.com

$1,757.77

-30.07 (-1.68%)

NFLX

Netflix

$275.40

-17.88 (-6.10%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$45.58

-0.36 (-0.78%)

T

AT&T

$38.46

0.64 (1.69%)

DIS

Disney

$130.91

-1.46 (-1.10%)

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AKS

AK Steel

$2.45

0.055 (2.30%)

, MT

ArcelorMittal

$14.58

0.03 (0.21%)

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On The Fly
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AKS

AK Steel

$2.45

0.055 (2.30%)

MT

ArcelorMittal

$14.58

0.03 (0.21%)

NUE

Nucor

$51.69

-0.11 (-0.21%)

STLD

Steel Dynamics

$28.71

-0.04 (-0.14%)

TMST

TimkenSteel

$5.42

-0.015 (-0.28%)

X

U.S. Steel

$10.72

0.1 (0.94%)

GM

General Motors

$36.19

-0.01 (-0.03%)

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AAVMY

ABN Amro

$0.00

(0.00%)

, BBVA

Banco Bilbao

$5.38

0.07 (1.32%)

04:55
10/19/19
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04:55
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04:55
Conference/Events
Institute of International Finance to hold annual meeting »

2019 IIF Annual Meeting…

AAVMY

ABN Amro

$0.00

(0.00%)

BBVA

Banco Bilbao

$5.38

0.07 (1.32%)

BCS

Barclays

$8.48

0.11 (1.31%)

BLK

BlackRock

$445.26

-5.56 (-1.23%)

BNPQY

BNP Paribas

$0.00

(0.00%)

C

Citi

$69.76

0.16 (0.23%)

CAIXY

CaixaBank

$0.00

(0.00%)

CIB

Bancolombia

$49.65

0.12 (0.24%)

CS

Credit Suisse

$12.34

0.045 (0.37%)

EV

Eaton Vance

$44.07

-0.49 (-1.10%)

GS

Goldman Sachs

$206.61

0.13 (0.06%)

HSBC

HSBC

$38.72

-0.165 (-0.42%)

JPM

JPMorgan

$120.60

0.21 (0.17%)

MA

MasterCard

$270.90

-5.74 (-2.07%)

MCO

Moody's

$217.41

-1.33 (-0.61%)

MS

Morgan Stanley

$43.70

0.25 (0.58%)

NYT

New York Times

$29.76

0.21 (0.71%)

PYPL

PayPal

$101.25

-2.38 (-2.30%)

RBS

RBS

$6.14

0.205 (3.46%)

RY

Royal Bank of Canada

$81.49

0.38 (0.47%)

SMFG

Sumitomo Mitsui

$6.87

-0.04 (-0.58%)

SPGI

S&P Global

$250.62

-2.15 (-0.85%)

STT

State Street

$63.40

3.69 (6.18%)

UBS

UBS

$11.35

0.09 (0.80%)

V

Visa

$175.83

-2.11 (-1.19%)

ZURVY

Zurich Insurance

$0.00

(0.00%)

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STT

State Street

$63.40

3.69 (6.18%)

20:09
10/18/19
10/18
20:09
10/18/19
20:09
Upgrade
State Street rating change at Keefe Bruyette »

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SUN

Sunoco

$32.43

0.32 (1.00%)

19:53
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19:53
Upgrade
Sunoco rating change at BMO Capital »

Sunoco upgraded to Market…

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TLF

Tandy Leather

$4.61

(0.00%)

18:24
10/18/19
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Hot Stocks
Tandy Leather CFO Castillo to step down »

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TLF

Tandy Leather

$4.61

(0.00%)

18:23
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Hot Stocks
Tandy Leather says most recent annual report statements not reliable »

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AAPL

Apple

$236.29

0.99 (0.42%)

18:03
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U.S. lawmakers request Apple restore HKMapp app in Hong Kong »

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JPM

JPMorgan

$120.60

0.21 (0.17%)

, FB

Facebook

$185.96

-4.435 (-2.33%)

17:59
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Periodicals
JPMorgan CEO says Libra 'a neat idea that will never happen,' Reuters says »

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JPM

JPMorgan

$120.60

0.21 (0.17%)

FB

Facebook

$185.96

-4.435 (-2.33%)

PYPL

PayPal

$101.25

-2.38 (-2.30%)

MA

MasterCard

$270.90

-5.74 (-2.07%)

V

Visa

$175.83

-2.11 (-1.19%)

EBAY

eBay

$38.82

-0.31 (-0.79%)

BKNG

Booking Holdings

$2,012.20

-16.43 (-0.81%)

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GLD

SPDR Gold Shares

$140.47

-0.13 (-0.09%)

17:52
10/18/19
10/18
17:52
10/18/19
17:52
Hot Stocks
SPDR Gold Shares holdings rise to 924.64MT from 918.19MT »

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TECK

Teck Resources

$16.48

0.11 (0.67%)

17:43
10/18/19
10/18
17:43
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Hot Stocks
Teck Resources gets approval for stock buyback for up to 40M class B shares »

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OSK

Oshkosh

$77.22

0.46 (0.60%)

17:41
10/18/19
10/18
17:41
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17:41
Hot Stocks
Oshkosh awarded $159.14M Army contract for medium tactical vehicle production »

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OVLY

Oak Valley Bancorp

$16.40

-0.16 (-0.97%)

17:35
10/18/19
10/18
17:35
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17:35
Earnings
Oak Valley Bancorp reports Q3 EPS 40c vs. 37c last year »

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FTNW

FTE Networks

$0.79

-0.0185 (-2.29%)

17:21
10/18/19
10/18
17:21
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17:21
Hot Stocks
FTE Networks receives noncompliance notice from NYSE American »

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TNXP

Tonix Pharmaceuticals

$0.45

0.0048 (1.07%)

17:12
10/18/19
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17:12
Syndicate
Breaking Syndicate news story on Tonix Pharmaceuticals »

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RLMD

Relmada Therapeutics

$20.18

1.07 (5.60%)

17:10
10/18/19
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17:10
10/18/19
17:10
Syndicate
Breaking Syndicate news story on Relmada Therapeutics »

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16:55
10/18/19
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16:55
10/18/19
16:55
General news
Breaking General news story  »

Dallas Federal Reserve…

NWSA

News Corp.

$13.48

-0.19 (-1.39%)

, NWS

News Corp

$13.79

-0.11 (-0.79%)

16:51
10/18/19
10/18
16:51
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16:51
Periodicals
Facebook reaches pact with News Corp., others for news section, WSJ says »

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NWSA

News Corp.

$13.48

-0.19 (-1.39%)

NWS

News Corp

$13.79

-0.11 (-0.79%)

FB

Facebook

$185.96

-4.435 (-2.33%)

NYT

New York Times

$29.76

0.21 (0.71%)

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WAIR

Wesco Aircraft

$11.01

0.01 (0.09%)

16:46
10/18/19
10/18
16:46
10/18/19
16:46
Conference/Events
Wesco Aircraft to host special shareholder meeting »

Special Shareholder…

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FOMX

Foamix

$3.15

-0.09 (-2.78%)

16:41
10/18/19
10/18
16:41
10/18/19
16:41
Hot Stocks
Breaking Hot Stocks news story on Foamix »

Foamix up 7.5% at $3.35…

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POAI

Predictive Oncology

$0.44

0.0101 (2.35%)

16:40
10/18/19
10/18
16:40
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16:40
Conference/Events
Predictive Oncology to host special shareholder meeting »

Special Shareholder…

03/08/13
Wedge Partners
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Credit Suisse
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Citigroup
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