CarMax downgraded by JP Morgan with a new price target
$KMX
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
JP Morgan downgraded CarMax from Neutral to Underweight and set a new price target of $60.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/19/2025 | $90.00 | Outperform | Wedbush |
| 3/26/2025 | $86.00 → $90.00 | Equal-Weight → Overweight | Stephens |
| 2/6/2025 | $90.00 → $110.00 | In-line → Outperform | Evercore ISI |
| 12/5/2024 | $86.00 | Equal-Weight | Stephens |
| 3/20/2024 | $99.00 | Hold → Buy | Needham |
| 3/19/2024 | $80.00 | Neutral | Mizuho |
| 9/25/2023 | $85.00 → $90.00 | Neutral → Outperform | Wedbush |
| 6/12/2023 | Buy → Neutral | Northcoast |
Wedbush resumed coverage of CarMax with a rating of Outperform and set a new price target of $90.00
Stephens upgraded CarMax from Equal-Weight to Overweight and set a new price target of $90.00 from $86.00 previously
Evercore ISI upgraded CarMax from In-line to Outperform and set a new price target of $110.00 from $90.00 previously
CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2025. First Quarter Highlights:(1) Net earnings per diluted share increased 42.3% to $1.38 from $0.97 a year ago. Retail used unit sales increased 9.0% and comparable store used unit sales increased 8.1%; wholesale units increased 1.2%. Total gross profit increased 12.8% to $893.6 million, driven by higher unit volumes and strong unit margin performance. Record high gross profit per retail used unit of $2,407, up $60 per unit Historically strong gross profit per wholesale unit of $1,047, down $17 per unit Extended Protection Plans (EPP) margin per retail unit of $572, an increase of $9 pe
Richmond, VA, June 04, 2025 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE:KMX), the nation's largest retailer of used cars, today announced a series of strategic initiatives designed to enhance the used electric vehicle (EV) buying experience for consumers. CarMax is partnering with innovative companies to introduce an advanced battery health assessment tool and provide access to a $200 credit for installation of certain in-home chargers for CarMax customers. In addition, the company has launched the CarMax EV Hub as an online educational resource, along with a badge on CarMax.com that highlights vehicles that may qualify for the federal used EV tax credit. Through these efforts, CarMax is empowe
CarMax, Inc. (NYSE:KMX) will report its financial results for the first quarter ended May 31, 2025 before the market opens on June 20, 2025, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president and CEO, Enrique Mayor-Mora, executive vice president, CFO and Jon Daniels, executive vice president, CarMax Auto Finance. The live conference call can be accessed by dialing (800) 225-9448 (or (203) 518-9708 for international access) and entering the conference ID 3171396. A live audio webcast also will be available at investors.carmax.com. A replay of the webcast will be available on the company's
4 - CARMAX INC (0001170010) (Issuer)
4 - CARMAX INC (0001170010) (Issuer)
4 - CARMAX INC (0001170010) (Issuer)
8-K - CARMAX INC (0001170010) (Filer)
8-K - CARMAX INC (0001170010) (Filer)
SCHEDULE 13G/A - CARMAX INC (0001170010) (Subject)
CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2025. First Quarter Highlights:(1) Net earnings per diluted share increased 42.3% to $1.38 from $0.97 a year ago. Retail used unit sales increased 9.0% and comparable store used unit sales increased 8.1%; wholesale units increased 1.2%. Total gross profit increased 12.8% to $893.6 million, driven by higher unit volumes and strong unit margin performance. Record high gross profit per retail used unit of $2,407, up $60 per unit Historically strong gross profit per wholesale unit of $1,047, down $17 per unit Extended Protection Plans (EPP) margin per retail unit of $572, an increase of $9 pe
CarMax, Inc. (NYSE:KMX) will report its financial results for the first quarter ended May 31, 2025 before the market opens on June 20, 2025, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president and CEO, Enrique Mayor-Mora, executive vice president, CFO and Jon Daniels, executive vice president, CarMax Auto Finance. The live conference call can be accessed by dialing (800) 225-9448 (or (203) 518-9708 for international access) and entering the conference ID 3171396. A live audio webcast also will be available at investors.carmax.com. A replay of the webcast will be available on the company's
Achieved over 80% earnings growth in the fourth quarter driven by gains across the business CarMax, Inc. (NYSE:KMX) today reported results for the fourth quarter and fiscal year ended February 28, 2025. Fourth Quarter Highlights:(1) Net revenues of $6.0 billion, up 6.7%. Retail used unit sales increased 6.2% and comparable store used unit sales increased 5.1%; wholesale units increased 3.1%. CarMax's share of the nationwide age 0-10 year old used vehicle market remained at 3.7% in calendar year 2024. Accelerating gains in the back half of the year, reflecting the positive momentum across the business, offset losses in the first half of the year. Total gross profit of $667.9 millio
SC 13G/A - CARMAX INC (0001170010) (Subject)
SC 13G/A - CARMAX INC (0001170010) (Subject)
SC 13G/A - CARMAX INC (0001170010) (Subject)