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A Quick Look at Today's Ratings for CarMax(KMX.US), With a Forecast Between $65 to $105

Futu News ·  Sep 28 21:00  · Ratings

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:

StockTodayLatestRating_nn_202809_20240928_en

Note:

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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

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