BUZZ-CarMax rises after Stephens raises rating ahead of Q4 results

Reuters
26 Mar
BUZZ-CarMax rises after Stephens raises rating ahead of Q4 results

** Used autos retailer CarMax's shares KMX.N rise 2.6% to $76.20

** Stephens upgrades rating to "overweight" from "equalweight"

** Raises price target to $90 from $86, representing 7.7% upside to stock's last close

** Brokerage has positive view for 2025 operations estimates, especially H1, based on consistency in co's credit metrics as well as used unit gross profit and sales

** "We believe KMX will likely marginally benefit from most tariff scenarios, at least in year 1," brokerage says

** 11 of 18 brokerages rate stock "buy" or higher, 5 "hold" and 2 "sell"; their median PT is $95 - LSEG-compiled data

** KMX will release Q4 results before the bell on April 10

** Including session's gains, stock had fallen 6.8% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10