35 stories mentioning KMXUpdated 1d ago
Every FINWIRES story that references KMX, newest first.
CarMax (KMX) has an average rating of Hold and mean price target of $51.42, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
CarMax (KMX) shares were up 3% in Tuesday trading after Barclays upgraded the company's stock to equalweight from underweight, with a price target of $37.Trading volume stood at about 1.9 million shares against a daily average of about 3.2 million.Price: $57.60, Change: $+1.69, Percent Change: +3.01%
CarMax (KMX) has an average rating of Hold and mean price target of $49.58, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Mark F O'Neil, Director, on June 24, 2026, executed a purchase for 9,600 shares in Carmax (KMX) for $502,656. Following the Form 4 filing with the SEC, O'Neil has control over a total of 50,974 common shares of the company, with 29,490 shares held directly and 21,484 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1170010/000117001026000073/xslF345X05/wk-form4_1782504780.xml
Keith Barr, Director, President and CEO, on June 22, 2026, executed a purchase for 9,400 shares in Carmax (KMX) for $498,247. Following the Form 4 filing with the SEC, Barr has control over a total of 33,375 common shares of the company, with 33,375 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1170010/000117001026000067/xslF345X05/wk-form4_1782336051.xml
CarMax (KMX) appears to be in the early stages of a turnaround but progress could be "bumpy," with further details on growth initiatives and milestones under wraps until the company's fall investor event, UBS Securities said in a note Monday.The brokerage noted the company's increasing vehicle units in each fiscal year, buoyed by early progress across its pricing, marketing and conversion initiatives. Fiscal Q1 used vehicle gross profit per unit, or GPU, also beat the company's projection, UBS added.CarMax, however, still expects fiscal 2027 margin concession, along with a $200 reduction in GPU, to support sales growth, the brokerage noted.The brokerage increased its fiscal 2027 earnings per share forecast for CarMax to $2.72 from $2.29.UBS Securities raised its price target on CarMax to $57 from $42, with a neutral rating.Price: $52.27, Change: $-0.13, Percent Change: -0.26%
CarMax (KMX) has an average rating of hold and mean price target of $43.67, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $51.78, Change: $+4.35, Percent Change: +9.17%
CarMax's (KMX) fiscal Q1 results were largely positive, and customer response has been encouraging, but it is important to see continued improvement beyond Q1, which may have benefited from one-time higher tax refunds, RBC Capital Markets said Wednesday in a note.CarMax's new CEO Keith Barr introduced a new growth strategy around four strategic pillars, including a great vehicle offering, easy experience for the customer, adding value on each transaction, and a lean cost structure, the brokerage said.Management said the sequential acceleration in fiscal Q1 retail used unit comps was driven by more competitive vehicle pricing, an increase in strong ROI acquisition marketing, and progress across its four strategic pillars, according to the note.For fiscal Q2, RBC raised its retail comp unit estimate to 3% from 1%, total company net sales estimate to 1.9% from a prior forecast of a 0.2% decline, and adjusted EPS estimate to $0.81 from $0.69.For fiscal 2027 and 2028, the brokerage now models retail comp units at 2.1% and 1.7%, total company net sales at 3.1% and 2.8%, and adjusted EPS at $2.62 and $2.98, respectively.RBC kept a sector perform rating on CarMax and raised the price target to $45 from $41.Price: $49.42, Change: $+1.99, Percent Change: +4.20%
The Dow Jones Industrial Average fell from record highs Wednesday as markets reacted to the Federal Reserve's first policy decision under Kevin Warsh's leadership.The Dow shed 1% to 51,492.6 after notching back-to-back closing highs. The Nasdaq Composite dropped 1.3% to 26,021.7, while the S&P 500 fell 1.2% to 7,420.1. All sectors ended in the red, led by communication services.The Fed kept its monetary policy steady Wednesday to mark its fourth consecutive pause, removing the so-called easing bias from its statement. Fed policymakers raised its interest rate expectations through 2028 and their inflation projections for 2026 and 2027.It was Warsh's first policy meeting as Fed chair, replacing Jerome Powell, who remains a Fed governor.Warsh said at a post-meeting press conference that he didn't submit his rate forecast in the dot plot, which anonymously shows individual members' expectations regarding monetary policy, CNBC reported."The FOMC stuck a more hawkish tone under (Warsh's) debut appearance as the new Fed chair," Thomas Feltmate, senior economist at TD Economics, said in a report.US Treasury yields jumped in late-afternoon trade, with the two-year rate last seen up about 16 basis points at 4.23% and the 10-year rate rising five basis points to 4.5%."The Fed's latest message was dramatically reduced from prior releases, perhaps a precursor (to) a new Warsh era of decisively more succinct language and more limited communication from Fed officials," Stifel Chief Economist Lindsey Piegza said in a report e-mailed to.West Texas Intermediate crude oil was up 0.1% at $76.14 a barrel in Wednesday late-afternoon trade, while Brent was little changed at $78.98.A draft agreement between the US and Iran includes a mechanism for Tehran to gain access to at least $300 billion in financing, as well as a commitment from the Islamic Republic that it will never produce nuclear weapons.A formal signing ceremony is scheduled to take place in Switzerland Friday, which would kick off a 60-day period of further talks.US President Donald Trump said Wednesday that the proposed memorandum of understanding with Iran is "not final" and that Washington would resume military operations if he doesn't like the Tehran deal, CNBC reported.The International Energy Agency lowered its global oil demand forecast for 2026 amid war-driven headwinds while projecting a rebound next year."While the US-Iran interim agreement paves the way for a rebound in Middle East (oil) exports, operational and political constraints, including prolonged demining and unresolved transit arrangements, leave downside risks to the outlook," the agency said.In economic news, US retail sales rose more than expected in May as consumers kept spending despite higher prices, official data showed.In company news, CarMax's (KMX) fiscal first-quarter earnings fell year over year as comparable used vehicle sales swung negative. The used-vehicle retailer's shares slid 9%.Carvana (CVNA) shares sank 10%, the steepest decline on the S&P 500.Gold was down 2.2% at $4,258.60 per troy ounce, while silver slumped 4.1% to $67.17 per ounce.
US equity indexes were lower on Wednesday as government bond yields rose and the Federal Reserve announcement excluded any language hinting at near-term rate cuts.* "Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East," the Fed statement said. "Job gains have kept pace with the workforce, and the unemployment rate has changed little."* Iran accused Israel of violating the truce in Lebanon 84 times since it reached the interim agreement with the US and warned of a "harsh response" if attacks continue, Al Jazeera reported.* July West Texas Intermediate crude oil fell $0.10 to settle at $75.95 per barrel, while August Brent crude, the global benchmark, was last seen down $0.08 at $78.87.* Moderna (MRNA) plans to invest in production sites in Germany and is interested in the plants that BioNTech (BNTX) has slated for closure, according to a Google translation of a Wednesday report from German news outlet Handelsblatt. Moderna shares were up roughly 12%, the top gainer on the S&P 500, and BioNTech stock was up about 2.9%.* Carvana (CVNA) shares were down nearly 10%, the worst performer on the S&P 500, after competitor CarMax's (KMX) fiscal Q1 earnings fell year over year on Wednesday as comparable used vehicle sales swung negative and its management flagged higher margin pressure in the near term.
Consumer stocks fell late Wednesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) dropping 2.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining 2.6%.In corporate news, JetBlue Airways (JBLU) will shut down its flight attendant base at Newark Liberty International Airport and tech-operations bases at Newark and New York's LaGuardia Airport in autumn to cuts costs and bolster service in Fort Lauderdale, Florida. JetBlue shares fell 1%.Lululemon Athletica (LULU) apologized after a promotional yoga event held on the Great Wall of China drew criticism on Chinese social media over the alleged use of a Japanese drum during the performance, the Financial Times reported. Lululemon shares fell 2%.CarMax's (KMX) fiscal Q1 earnings fell as comparable used-vehicle sales declined. The shares dropped 9.8%.La-Z-Boy's (LZB) shares jumped 15% after the company reported fiscal Q4 earnings rose and said it expects sales to outperform the industry in the current quarter.
CarMax's (KMX) fiscal Q1 was moderately better, helped by better than expected gross profit, wholesale results and consumer finance income, though comparable used-vehicle sales remained slightly negative, Truist said in a note on Wednesday.Used-vehicle comparable sales fell 0.8%, compared with Truist's forecast for flat growth, while gross profit per unit was $2,177, above the brokerage's $2,118 estimate, according to the note.The brokerage said CarMax's new strategy focused on pricing, customer experience, ancillary sales and cost reductions addresses key issues, but the company remains caught between online rival Carvana (CVNA) and traditional dealerships with deeper inventories.Truist maintained its hold rating and $47 price target on the stock.Price: $47.62, Change: $-4.49, Percent Change: -8.62%
CarMax's (KMX) fiscal Q1 earnings fell year over year on Wednesday as comparable used vehicle sales swung negative.Shares dropped 8%, with intraday trading volume rising to more than 6 million from the stock's daily average of about 3.4 million.EchoStar (SATS) Chief Legal Officer Dean Manson sold 10,000 shares of the company for about $1.30 million on June 12, according to a Securities and Exchange Commission filing.Shares were down more than 6% as intraday trading volume climbed to over 9.6 million from a daily average of about 8.4 million.Carvana (CVNA) Director Ira Platt sold 15,000 shares of the company for about $1.01 million, according to a Securities and Exchange Commission filing.Shares traded lower by 8.6%, with intraday volume at about 10.1 million, versus the stock's daily average of roughly 12.5 million.Price: $47.83, Change: $-4.28, Percent Change: -8.21%
(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday ahead of the Federal Reserve's latest monetary policy decision and new central bank chair, Kevin Warsh's, press conference.The Dow Jones Industrial Average was up 0.4% at 52,202.7 after midday Wednesday, after closing at a record high in the previous session. The Nasdaq Composite and the S&P 500 were little changed at 26,367.7 and 7,511, respectively, intraday Wednesday.Among sectors, communication services saw the steepest decline, while industrials paced the gainers.The Fed is scheduled to announce its interest rate decision at 2 pm ET. Markets widely expect the central bank to keep rates unchanged for a fourth consecutive time, according to the CME FedWatch tool.Warsh, who assumed the Fed chair role last month, is expected to hold a press conference at 2:30 pm."I would expect the balance of the dots projection to remove the median participants call for a rate cut this year, but for Warsh's press conference to sound more neutral-dovish than the dots, which he'll likely boycott," Derek Holt, head of capital markets economics at Scotiabank, said in a note.West Texas Intermediate crude oil was up 0.8% at $76.68 a barrel intraday, while Brent rose 0.7% to $79.49.A draft agreement between the US and Iran includes a mechanism for Tehran to gain access to at least $300 billion in financing, as well as a commitment from the Islamic Republic that it will never produce nuclear weapons, news outlets reported.A formal signing ceremony is scheduled to take place in Switzerland Friday, which would kick off a 60-day period of further talks.US President Donald Trump said Wednesday that the proposed memorandum of understanding with Iran is "not final" and that Washington will "go right back to dropping bombs" if he doesn't like the Tehran deal, CNBC reported.The International Energy Agency lowered its global oil demand forecast for 2026 amid war-driven headwinds while projecting a rebound next year."While the US-Iran interim agreement paves the way for a rebound in Middle East (oil) exports, operational and political constraints, including prolonged demining and unresolved transit arrangements, leave downside risks to the outlook," the agency said.US Treasury yields were mixed intraday, with the two-year rate increasing 2.1 basis points to 4.07% and the 10-year rate little changed at 4.43%.In economic news, US retail sales rose more than expected in May as consumers kept spending despite higher prices, official data showed.In company news, CarMax's (KMX) fiscal first-quarter earnings fell year over year as comparable used vehicle sales swung negative. The used-vehicle retailer's shares were down 8.1% intraday.Carvana (CVNA) shares sank 7.1%, the steepest decline on the S&P 500.La-Z-Boy (LZB) shares surged nearly 20%. Late Tuesday, the furniture manufacturer reported a year-over-year gain in fiscal fourth-quarter earnings and said it expected sales to outperform the industry in the ongoing quarter.Gold was up 0.6% at $4,381.60 per troy ounce, while silver rose 0.9% to $70.64 per ounce.
Consumer stocks were lower Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.9%.In corporate news, CarMax's (KMX) fiscal Q1 earnings fell year over year on Wednesday as comparable used vehicle sales swung negative. Its shares dropped nearly 8%.La-Z-Boy's (LZB) shares jumped past 19% after the company reported a year-over-year gain in fiscal Q4 earnings and said it expects sales to outperform the industry in the ongoing quarter.Stellantis (STLA) has pledged new investments in Italy, including 5 billion euros ($5.80 billion) in research and development by 2030 and the addition of engineering jobs, Bloomberg reported, citing FIM-CISL labor union secretary general Ferdinando Uliano. Stellantis shares added 0.8%.
Consumer stocks were lower Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.8%.In corporate news, CarMax's (KMX) fiscal Q1 earnings fell year over year on Wednesday as comparable used vehicle sales swung negative. Its shares fell past 7%.
The Dow Jones Industrial Average was up, while the S&P 500 Index and Nasdaq Composite were down in late-morning trading Wednesday, as chip stocks rebounded ahead of the Federal Reserve's rate decision, the first under new chairman Kevin Warsh.The Federal Open Market Committee is widely expected to maintain the range for its federal funds rate at the current 3.50% to 3.75% for the fourth straight meeting as uncertainty remains elevated, putting the focus on the updated Summary of Economic Projections. The FOMC's statement following today's meeting is due for release at 2:00 pm ET, with Federal Reserve Chairman Kevin Warsh's first press conference scheduled to begin at 2:30 pm ET. Since the April 28-29 FOMC meeting, comments from Fed officials have been mixed, with differences on whether price effects from the conflict in the Middle East will be temporary or longer-lasting, and how the FOMC should react.SpaceX (SPCX) stock was down 5.9% in late-morning trading after climbing the past two days on the momentum of its record-setting initial public offering on Friday. Investor Michael Burry, known for calling the US housing collapse and the 2008 financial crisis, wrote in his newsletter on Tuesday that the company's put options remain too expensive, according to a CNBC report.Intel (INTC) has begun risk production of its most advanced chip node, 18A-P, bringing the company closer to a potential deal to manufacture chips for Apple (AAPL), CNBC reported late Tuesday. The new node delivers 9% higher performance or 18% less power consumption versus its predecessor 18A. Intel shares were up 3.9% around midday.Alphabet's (GOOG, GOOGL) Google must abide by new requirements imposed by the UK's Competition and Markets Authority, the regulator said Wednesday. The tech giant is tasked with improving transparency and fairness in search result rankings and allowing users to port their search data to third parties. Under the regulator's Fair Ranking requirements, Google must rank "organic" search results using objective and non-discriminatory criteria, be more transparent to businesses on the rankings mechanism, and provide them with advance notice before making significant changes. Under the Data Portability requirements, Google must provide authorized third parties with tools to effectively port their search data at their request and free of charge. The regulator said it has given Google six months to implement the fair ranking requirement and three months for the data portability rule. Alphabet shares were down 2.3%.AST SpaceMobile's (ASTS) BlueBird 8, 9, and 10 satellites successfully launched into orbit from Cape Canaveral Space Force Station aboard a Falcon 9 rocket, the company said Wednesday. The system is designed to work with standard 4G and 5G mobile devices and integrate with terrestrial mobile networks, enabling cellular broadband data directly to ordinary smartphones at peak speeds of nearly 200 Mbps. The company said it has commercial agreements with nearly 60 mobile operators worldwide. AST SpaceMobile shares were up 2.1%.CarMax (KMX) reported fiscal Q1 net income Wednesday of $1.31 per diluted share, down from $1.38 a year earlier and above the FactSet consensus estimate of $0.96. Fiscal Q1 total revenue was $8.01 billion, up from $7.55 billion a year earlier and above the consensus estimate of $7.42 billion. Comparable store used unit sales decreased 0.8%, compared with an 8.1% rise in the year-ago period and worse than Truist Securities' estimate, which called for a flat print. Total gross profit declined 4.4% to $854.4 million due to weakness in the retail used vehicle segment. The company laid out a growth framework that focuses on competitive pricing, an improved customer experience and cost-reduction opportunities. CarMax shares were down 7.2%.Price: $189.88, Change: $-11.92, Percent Change: -5.91%
CarMax's (KMX) fiscal first-quarter earnings fell year over year on Wednesday as comparable used vehicle sales swung negative.The used-vehicle retailer's earnings for the quarter ended May 31 decreased to $1.31 per share from $1.38 a year earlier. Total revenue rose 6.2% to $8.01 billion, topping the FactSet-polled consensus of $7.43 billion.CarMax's shares declined 7.2% intraday Wednesday, but are up about 25% so far this year.Comparable store used unit sales decreased 0.8%, compared with an 8.1% rise in the year-ago period. That was worse than Truist Securities' estimate that called for a flat print.The stock is up about 40% from recent lows, but comparable sales were "still negative despite significant price cuts, and we suspect it will cost (money) to improve the operations/tech, even as CAF (consumer finance) seems like it will be the main driver of earnings this (year)," Truist said in the note. "Thus, while the (quarter) was moderately better, we remain neutral on the stock."Revenue from retail used vehicle sales increased 4.7% year on year to $6.39 billion, driven by higher selling prices. Wholesale revenue moved up 14% to $1.43 billion amid an 8.4% rise in volume.Total gross profit declined 4.4% to $854.4 million due to weakness in the retail used vehicle segment.CarMax laid out a growth framework that focuses on competitive pricing, an improved customer experience and cost-reduction opportunities. The company said it also plans to grow profitability by "maximizing value across all aspects of our business."Price: $48.64, Change: $-3.47, Percent Change: -6.66%
Consumer stocks were leaning lower premarket Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.1% lower.La-Z-Boy (LZB) stock was up more than 17% after the company reported fiscal Q4 adjusted earnings and revenue that topped analysts' estimates, with adjusted EPS increasing year over year.CarMax (KMX) shares were down more than 1% after the company reported a decline in fiscal Q1 net income.Bed Bath & Beyond (BBBY) said it has agreed to acquire real estate services company Fathom Holdings (FTHM). Bed Bath & Beyond stock was down more than 3% premarket.
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were slightly higher pre-bell Wednesday as traders awaited the Federal Reserve's rate decision, the first under new chairman Kevin Warsh.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.5% higher.The Fed will deliver its latest policy decision at 2 p.m., and Warsh will hold his first press conference at 2:30 p.m. Markets expect the central bank to keep interest rates unchanged at a target range of 3.5% to 3.75%.Elon Musk's Space Exploration Technologies (SPCX), known as SpaceX, continued its post-IPO rally for the third straight day after its record-setting initial public offering on Friday, gaining 2.2% in pre-market activity.President Donald Trump said at the G7 conference that the proposed US-Iran memorandum of understanding, set to be formalized in Geneva on Friday, is "not final" and warned that the US will "go right back to dropping bombs" if he doesn't like the deal.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.9% at $79.69 per barrel and US West Texas Intermediate crude 0.8% higher at $76.66 per barrel.US retail sales rose by 0.9% in May, above the expected figure of 0.6% in a survey compiled by Bloomberg and following the previous month's 0.4% gain.Pending home sales for May, scheduled for release at 10 am ET, are expected to be up 0.9% after a gain of 1.4% in the prior month. The Atlanta Fed Business Inflation Expectations survey for June is also expected at 10 am ET.In other world markets, Japan's Nikkei closed 0.7% higher, Hong Kong's Hang Seng ended 0.7% lower, and China's Shanghai Composite finished 0.4% higher. Meanwhile, the UK's FTSE 100 was down 0.1%, and Germany's DAX index was 0.2% lower in Europe's early afternoon session.In equities, Intel (INTC) shares rose 3.7% after a CNBC report that the company has begun risk production of its most advanced chip node, 18A-P, bringing the company closer to a potential deal to manufacture chips for Apple (AAPL). Applied Materials (AMAT) stock was up 4.3% after the company and EssilorLuxottica said they have struck a long-term joint development agreement to advance augmented reality optics platforms for smart glasses. CarMax (KMX) shares were up 1.8% after the company reported fiscal Q1 net income and net sales that surpassed analysts' consensus.On the losing side, BHP (BHP) and Rio Tinto (RIO) shares were down 0.9% and 2.5%, respectively, after a Bloomberg report that the two companies see India as the next major growth engine for global steelmaking, expected to help offset slowing growth in China.
Showing 1-20 of 35
