CarMax CEO Bill Nash warned Thursday that consumers are struggling with affordability as the used car deal reported results for its fiscal 2023 second quarter.
Baird has decided to maintain its Outperform rating of CarMax (NYSE:KMX) and lower its price target from $120.00 to $82.00. Shares of CarMax are trading up 2.0% over the last 24 hours, at $66.46 per s

Why Carvana Sank as Much as 23.7% This Week

04:52pm, Friday, 30'th Sep 2022 The Motley Fool
The online car dealer's main competitor posted disappointing earnings this week.

Analyst Ratings for CarMax

03:05pm, Friday, 30'th Sep 2022 Benzinga
Within the last quarter, CarMax (NYSE:KMX) has observed the following analyst ratings: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 2 1 0 Last 30D 0 3 1 0

Company News for Sep 30, 2022

01:13pm, Friday, 30'th Sep 2022 Zacks Investment Research
Companies In The News Are: KMX, WOR, CNXC, MTN.
Barclays cut Tilray Inc (NASDAQ: TLRY) price target from $4.5 to $2. Barclays analyst Gaurav Jain maintained an Underweight rating on the stock. Tilray Brands shares rose 0.3% to $2.87 in pre-market
CarMax Inc. investors endured the worst day in 22 years on Thursday, after the used-car retailer missed earnings expectations by a wide margin, citing "affordability" challenges stemming from inflatio
Gainers Senti Biosciences, Inc. (NASDAQ: SNTI) shares climbed 50.7% to close at $2.11 on Thursday after B of A Securities initiated coverage on the stock with a Buy rating and $7 price target. BigBea
U.S. stocks closed lower with the Nasdaq Composite dropping more than 300 points on Thursday. Here is the list of some big stocks recording losses in the previous session. Rite Aid Corporation (NYSE:
A steep decline in CarMax profits shows that a more efficient way to sell cars is not enough to overcome higher prices that are keeping consumers away

CarMax (KMX) Q2 2023 Earnings Call Transcript

10:30pm, Thursday, 29'th Sep 2022 The Motley Fool
KMX earnings call for the period ending June 30, 2022.
CarMax disappointed investors, citing "vehicle affordability challenges," while Tesla's shares sank ahead of its AI Day.
Cramer explained why CarMax's earnings disappointment is good news for the Federal Reserve on Thursday's episode of "Mad Money."

Why CarMax Stock Was Down Big Today

07:00pm, Thursday, 29'th Sep 2022 The Motley Fool
Investors should expect weak sales to stick around another quarter, especially with interest rates continuing to hit fresh highs.
One factor that showcases the used car market's downturn is a decline in vehicle prices, according to Cramer.
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