Stephens raised its price target on CarMax (NYSE: KMX) stock to $43 from $39 while maintaining an Equal Weight rating ahead of the company's April 14 Q4 FY2026 earnings release.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
An activist investor has an idea for selling more used cars: charge less for them.
KMX looks more attractive now as it offers scale and a profitable finance arm and engages in buybacks, while rival CVNA trades at a rich premium.
Starboard Value takes a stake worth around $350 million in the used car retailer.
Activist investor Starboard Value has urged urging CarMax's incoming chief executive officer, Keith Barr, to usher in changes and slash costs to revive the used-car retailer.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The used-car retailer names IHG Hotels & Resorts veteran Keith Barr as its next CEO.
Keith Barr, former chief executive of IHG Hotels & Resorts, would bring digital experience to the used-car retailer.
KMX faces falling sales, rising marketing costs and heavy debt as competition intensifies, making investors consider exiting.
CarMax???s third-quarter EPS beats estimates despite restructuring charges, but revenues fall 6.9% Y/Y as used-vehicle unit sales decline.
CarMax (KMX) remains unattractive due to lack of competitive advantages and weak capital efficiency, justifying my continued hold rating. KMX's latest quarter showed a double beat, but EPS fell 46% and retail used sales dropped 8%, highlighting ongoing business challenges. Despite a lower P/E of 11x, KMX's 2% ROIC and 1.87% profit margin signal value destruction and industry-wide margin pressures.