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KMX

CarMax

$75.50

0.45 (0.60%)

09:04
04/17/19
04/17
09:04
04/17/19
09:04

CarMax price target raised to $84 from $75 at Credit Suisse

Credit Suisse analyst Seth Sigman raised his price target for CarMax to $84 from $75 after attending an analyst meeting with management, which reaffirmed the early progress with its omni-channel efforts and the potential for greater operating leverage past this year as these initiatives mature. While the analyst still sees EPS growth constrained near-term as expense growth remains elevated through 2019 that is now reflected in numbers. He reiterates an Outperform rating on the shares.

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KMX CarMax
$75.50

0.45 (0.60%)

01/18/19
WEDB
01/18/19
DOWNGRADE
Target $60
WEDB
Neutral
CarMax downgraded to Neutral from Outperform at Wedbush
Wedbush analyst Seth Basham downgraded CarMax to Neutral from Outperform and lowered his price target to $60 from $70. In a research note to investors, Basham said he came away from the company's analyst meeting convinced that the company is committed to its omnichannel strategy, but believes the transition "will not be easy" due to deeply-rooted processes and behaviors that could be "disruptive" and "expensive" to change. Basham says it likely will neither be quick nor inexpensive for CarMax to change its weakened customer value perception in this highly competitive environment and also notes comps that continue to track well below consensus and weakening CAF performance trends.
03/25/19
BARD
03/25/19
NO CHANGE
Target $65
BARD
Outperform
Carvana price target raised to $65 from $58 at Baird
Baird analyst Colin Sebastian raised his price target for Carvana (CVNA) to $65 from $58 after increasing his Q1 unit and revenue estimates above consensus. The analyst now expects Q1 retail units of 34,000, above the consensus of 32,900, on revenue of $678M, up 88% year-over-year. Tax refund flows are likely to provide a late-quarter tailwind, Sebastian tells investors in a research note. The correlation between refunds and used car sales is likely providing a boost in unit sales ahead of the Q1 quarter close, Sebastian tells investors in a research note. Further, he believes the online shift by CarMax (KMX) and Tesla (TSLA) are endorsements of the e-commerce model. The analyst remains constructive on Carvana shares citing the momentum from a seasonal uplift in car sales, positive near-term data checks, and the "massive" long-term e-commerce opportunity for used cars. He keeps an Outperform rating on Carvana.
04/01/19
SPHN
04/01/19
UPGRADE
SPHN
Overweight
CarMax upgraded to Overweight from Equal Weight at Stephens
04/01/19
SPHN
04/01/19
UPGRADE
Target $93
SPHN
Overweight
Stephens upgrades CarMax to Overweight on omni-channel rollout
Stephens analyst Rick Nelson upgraded CarMax to Overweight from Equal Weight and raised his price target for the shares to $93 from $83. The company's new omni-channel capabilities, which allow customers to complete the entire car buying experience online, provides a "tailwind," Nelson tells investors in a research note. Omni-channel was rolled out to the Atlanta market with same-store units up double-digits in Q4, the analyst points out. He believes CarMax is well positioned with a "trusted brand, vast inventory selection, and logistical expertise." Further, Nelson's channel checks indicate the company's fiscal Q1 is off to a strong start in March.

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AMRN

Amarin

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-0.07 (-0.38%)

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CAT

Caterpillar

$138.82

-3.26 (-2.29%)

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GWW

Grainger

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BKU

BankUnited

$35.97

0.24 (0.67%)

11:36
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GWW

Grainger

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-0.48 (-0.16%)

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BBY

Best Buy

$75.08

1.48 (2.01%)

, PG

Procter & Gamble

$104.47

1.28 (1.24%)

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SNAP

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KHC

Kraft Heinz

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AAPL

Apple

$208.23

0.73 (0.35%)

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TEVA

Teva

$14.98

0.07 (0.47%)

, MYL

Mylan

$26.47

-0.13 (-0.49%)

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NVS

Novartis

$78.35

2.51 (3.31%)

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YPF

YPF

$14.54

-0.35 (-2.35%)

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CAT

Caterpillar

$138.44

-3.64 (-2.56%)

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FX Action: USD-JPY »

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CAT

Caterpillar

$138.79

-3.29 (-2.32%)

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TSN

Tyson Foods

$73.67

-0.78 (-1.05%)

, BYND

Beyond Meat

$0.00

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BYND

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IVZ

Invesco

$21.55

-0.07 (-0.32%)

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ZTO

ZTO Express

$19.98

0.18 (0.91%)

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CAT

Caterpillar

$138.70

-3.38 (-2.38%)

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CAT

Caterpillar

$138.58

-3.5 (-2.46%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

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CAT

Caterpillar

$138.12

-3.96 (-2.79%)

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CAT

Caterpillar

$138.08

-4 (-2.82%)

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BA

Boeing

$379.16

5.12 (1.37%)

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