Carmax

Goldman Sachs commented on CarMax (NYSE: KMX) in a report released today. In the report, Goldman Sachs was mixed in its assessment of the company. Goldman Sachs writes, “April CarMax Auto Finance securitization data showed continued strength, with net charge-offs tracking below average, +2 bp mom...

BGB Securities is out with its report today on CarMax (NYSE: KMX), maintaining Hold. In a note to clients, BGB Securities writes, "Since downgrading KMX to HOLD on November 16, 2010, when the stock price was $32.86, KMX stock remains at the same general price level five months later. Our...

Credit Suisse is lowering its 2011 and 2012 EPS estimates on shares of CarMax Inc. (NYSE: KMX) to $1.90/$2.15 from $1.95/$2.20 “on slightly less expense leverage.” “We are establishing a 2013 estimate of $2.40,” Credit Suisse writes. CarMax closed Thursday at $32.10.

J.P. Morgan is lowering its PT on shares of CarMax Inc. (NYSE: KMX) from $34 to $33. CarMax closed Thursday at $32.10.

According to Goldman Sachs, CarMax's (NYSE: KMX) 4Q results (adjusted EPS of $0.37 vs. $0.33 a year ago, consensus of $0.38, and GS of $0.39) revealed lower-than-expected same-store sales growth (+12% yoy retail used units vs. consensus at +14-15% and GS +17%) and, to a lesser extent, lower gross...

Oppenheimer has issued a report regarding their concern for Carmax (NYSE: KMX). According to Oppenheimer, “Investors continue to significantly underappreciate the longer term earnings power of KMX. CarMax will report Q4 (Feb.) results on Mar. 31st. We are somewhat concerned that even a solid...

Goldman Sachs has published a research report on CarMax (NYSE: KMX) after the company reported its February credit data. In the report, Goldman Sachs writes "We expect strong F4Q comps though note more subprime customers could match a used car purchase this year with the timing of an actual tax...

Goldman Sachs has published a research report on CarMax, Inc. (NYSE: KMX) after a positive 3Q earnings report. In the report, Goldman Sachs writes "Used vehicle prices tracked +2.3% qoq during KMX's F3Q (Manheim 122.0 vs. F2Q average of 119.3). After October's strong seasonally-adjusted used...

In Oppenheimer's Morning Research Summary, the company said that used car sales have picked up steadily at CarMax, Inc. (NYSE: KMX) over the past several quarters. “Traffic continues to improve at the company's stores,” Oppenheimer writes. “Better conversion lately suggests underlying improving...

Goldman Sachs writes "CarMax, Inc. (NYSE: KMX) reported materially better than expected 2Q10 EPS of $0.48, above consensus of $0.40 and our forecast of $0.42. The upside was well-rounded, driven by higher than expected gross profits per retail used vehicle ($2,205 vs. GS $2,175), higher wholesale...

JP Morgan writes for CarMax, Inc. (NYSE: KMX) that "We are establishing a Dec. 2011 price target of $31 (our Dec-2010 price target was $26), applying an unchanged 17x on our upwardly revised F2012 EPS of $1.80 (vs. 17x P/E applied to our prior F2011 of $1.55). We remain fundamentally positive on...

CarMax, Inc. (NYSE: KMX) has been upgraded to Outperform (from Market Perform) by Wells Fargo. CarMax, Inc. closed yesterday at $23.65 and currently has a valuation range of $28-29.

CarMax, Inc. (NYSE: KMX) reported CarMax Auto Finance (CAF) secure data showed that delinquencies rose +34bps m/m vs the +14bps historical average, Goldman Sachs reports, but despite the delinquency performance, CAF charge-offs were +5bps better m/m vs. +6bps average. Goldman expects used car...

CarMax, Inc. (NYSE: KMX) has been upgraded to Neutral from Sell as profitability appears to be more sustainable, even as used car prices fade, Goldman Sachs reports. Goldman is raising earnings estimates for 2010 to $1.49 (from $1.48), 2011 to $1.51 (from $1.46) and for 2012 to $1.72 (from $1.60)....