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加拿大皇家银行表示，CarMax近期前景喜忧参半。

-- 加拿大皇家银行资本市场（RBC Capital Markets）周三在一份电子邮件报告中指出，CarMax (KMX) 的前景喜忧参半。尽管销量增长趋势、成本削减措施和扩张计划可能支撑其业绩，但金融业务收入疲软和油价上涨可能会限制其复苏步伐。 RBC表示，由于对CarMax汽车金融业务和每单位毛利润持更为谨慎的态度，已将CarMax第一季度调整后每股收益预期从之前的1.16美元下调至1.01美元。同时，RBC预计CarMax 2027财年调整后每股收益为2.35美元，2028财年净销售额增长4.3%，调整后每股收益为2.73美元。 该投资公司表示，CarMax第四季度零售销量环比有所改善，但预计到2027财年，其每单位零售毛利润仍将面临压力，其中第一财季的降幅可能最大，因为CarMax将保持价格竞争力。 根据这份报告，预计未来几个季度金融渗透率将有所增长，2025-B交易的服务费收入将继续增长，CarMax 2027财年的计划包括约4亿美元的资本支出、四家新店以及更多拍卖和整备中心。 加拿大皇家银行维持其对CarMax的“与行业持平”评级，并将目标股价从37美元上调至41美元，估值周期顺延一年。该行表示，近期营收增长令人鼓舞，但同时也质疑这种增长势头能够持续多久。

Price: $41.15, Change: $-0.51, Percent Change: -1.22%

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