On Sep 28, major Wall Street analysts update their ratings for $CarMax (KMX.US)$, with price targets ranging from $65 to $105.
J.P. Morgan analyst Rajat Gupta CFA maintains with a sell rating, and sets the target price at $65.
Evercore analyst Michael Montani maintains with a hold rating, and adjusts the target price from $74 to $79.
Oppenheimer analyst Brian Nagel maintains with a buy rating, and maintains the target price at $105.
Needham analyst Chris Pierce maintains with a buy rating, and adjusts the target price from $87 to $90.
RBC Capital analyst Steven Shemesh maintains with a buy rating, and adjusts the target price from $75 to $82.
Furthermore, according to the comprehensive report, the opinions of $CarMax (KMX.US)$'s main analysts recently are as follows:
CarMax's fiscal Q2 results offered a sneak peek at stabilizing share and potential growth in retail profits. Nonetheless, the possibility of increased loan losses and an inconsistent backdrop for low to middle income consumers still poses a risk. Looking forward, there's an anticipation for a gradual stabilization of market share and a betterment in underlying profitability, even though earnings per share strength may stay subdued into calendar 2025.
CarMax's Q2 outcomes were a blend of an earnings shortfall contrasted with a surpass in revenue. The company experienced a 4.3% uptick in comparable retail units, suggesting a hopeful trend into Q3, yet faced a 14% year-over-year decrease in CarMax Auto Finance income, alongside indications of deteriorating credit metrics. Despite a reduction in the projected earnings per share for FY24 and FY25, it's believed that unit trends have found a stable footing. Additionally, the anticipation of lower interest rates is seen as a catalyst for a higher earnings multiple estimate.
Here are the latest investment ratings and price targets for $CarMax (KMX.US)$ from 6 analysts:
Note:
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