CarMax, Inc.’s Stock Price Plummets to $71.98, Marking a Sharp 9.23% Drop

CarMax, Inc. (KMX)

71.98 USD -7.32 (-9.23%) Volume: 14.12M

CarMax, Inc.’s stock price stands at 71.98 USD, witnessing a dip of -9.23% in the latest trading session with a significant trading volume of 14.12M. The stock has also experienced a decrease of -6.20% year-to-date, indicating a challenging market condition for KMX.

Latest developments on CarMax, Inc.

CarMax Inc. shares plummeted today, recording a 13% drop following a disappointing Q4 earning report. The used-car retailer missed both profit and revenue estimates, with net income falling by 27% and revenue down by 1.7%, causing a delay in its vehicle sales goal. CarMax’s Q4 results revealed an EPS of $0.32 and a revenue of $5.6 billion, triggering a significant decline in its stock price. This downtrend was further exacerbated by a miss in used-car monthly payments. Despite the negative market response, CarMax intends to raise $1.25 billion in a bond sale following its profit miss.

CarMax, Inc. on Smartkarma

Baptista Research, a provider on Smartkarma, recently published a bullish report on Carmax Inc. The report, titled “CarMax Inc.: Omnichannel Investments Paying Off – What Does This Mean for Future Growth? – Major Drivers,” highlighted that CarMax delivered a mixed result in the recent quarter. While revenues were below market expectations, they surpassed the analyst consensus on earnings. The success was attributed to the acquisition of more vehicles from consumers and dealers, as well as increased wholesale unit sales compared to the previous year. Additionally, CarMax launched its first all-electric semi-truck as a vehicle mover in California’s San Joaquin Valley.

A look at CarMax, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

CarMax Inc, a company that sells used cars and light trucks, has received a high score of 4 for its value outlook. This indicates a positive long-term outlook for the company in terms of its value proposition. However, its dividend score is low at 1, suggesting that investors may not expect high returns in the form of dividends. With a growth score of 3, CarMax Inc is expected to see moderate growth in the future, while its resilience score of 2 indicates that the company may face some challenges in maintaining stability. On the bright side, CarMax Inc has scored a perfect 5 for momentum, showing strong positive momentum in its overall outlook.

In summary, CarMax Inc is a company that specializes in selling used vehicles in the United States. Its Smartkarma Smart Scores reveal a mixed long-term outlook, with high scores for value and momentum, but lower scores for dividend, growth, and resilience. Investors may want to consider these factors when evaluating the potential of CarMax Inc as an investment opportunity.

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