Shares of CarMax (NYSE: KMX ) have been a poor performer over the past year, and investors received more bad news Thursday morning. Very weak results sent shares plunging 20% in early trading, and the stock is now down nearly 40% from a year ago. Thus far, newOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an art ...

Core Viewpoint - CarMax Inc. experienced a significant decline in its stock price following a surprising drop in comparable sales, attributed to a rush of buyers in the previous quarter ahead of an impending tariff on imported cars [1] Company Summary - CarMax's shares fell as much as 10% in premarket trading on Thursday [1] - The company's stock has decreased by 30% year-to-date [1]

Thesis : KMX’s poor quarterly results took a big bite out of the company’s valuation. Following the steep decline, I suspect share prices are bottoming out and may recover a bit. It is, in my opinion, too late to sell, althoughMarkets rise and fall, booms come and go, and the world keeps ticking. Ultimately, I believe observing megatrends, as difficult as they can be to spot, let alone fully comprehend, can yield insights into the advance of human society, which in turn could pave the way for many useful in ...

Thesis : KMX’s poor quarterly results took a big bite out of the company’s valuation. Following the steep decline, I suspect share prices are bottoming out and may recover a bit. It is, in my opinion, too late to sell, althoughMarkets rise and fall, booms come and go, and the world keeps ticking. Ultimately, I believe observing megatrends, as difficult as they can be to spot, let alone fully comprehend, can yield insights into the advance of human society, which in turn could pave the way for many useful in ...

Core Insights - CarMax reported earnings per share (EPS) of $0.64, which was below the estimated $1.03, and revenue of approximately $6.59 billion, falling short of the expected $7.02 billion, indicating challenges in the current market environment [2][6] - The company experienced a decline in used-car sales, with retail used unit sales decreasing by 5.4% and comparable store used unit sales falling by 6.3%, which significantly impacted its stock value and financial performance [3][6] - Despite the decrease in sales volume, CarMax maintained solid unit margins, with a gross profit per retail used unit of $2,216 and $993 per wholesale unit, indicating profitability on a per-unit basis [4][6] Financial Metrics - CarMax has a price-to-earnings (P/E) ratio of approximately 15.54 and a price-to-sales ratio of about 0.32, reflecting its market valuation [5] - The enterprise value to sales ratio is around 0.98, and the enterprise value to operating cash flow ratio is approximately 25.17, indicating the company's financial health [5] - The debt-to-equity ratio is about 2.85, suggesting significant financial leverage, but the company maintains a strong liquidity position with a current ratio of approximately 2.39, allowing it to cover short-term liabilities [5]

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Shares of CarMax Inc (NYSE:KMX) were last seen in a 22.2% hole, trading at $44.37 after missing fiscal second-quarter expectations, reporting earnings of $0.64 on revenue of $6.59 billion. The company saw declines across the board, most notably in its wholesale and used vehicle segments. Wedbush downgraded KMX from "outperform" to "neutral" in response, and slashed its price target to $54 from $84.The equity has had a rough go of late, on track to extend its losing streak to five sessions and mark one of it ...

Core Viewpoint - CarMax (KMX.US) experienced a significant decline of over 22%, reaching a five-year low of $44.37, following disappointing financial results for Q2 of fiscal year 2026 [1] Financial Performance - The diluted earnings per share for Q2 were reported at $0.64, down from $0.85 a year ago, and below the analyst expectation of $1.01 according to FactSet [1] - Total net sales and revenue amounted to $6.59 billion, a decrease from $7.01 billion year-over-year, also falling short of the $7.01 billion forecast by analysts [1] Analyst Sentiment - Wedbush's report indicated that CarMax's poor Q2 performance heightened investor concerns regarding the company's ability to maintain its market leadership and drive further growth [1] - The stock rating for CarMax was downgraded from "Outperform" to "Neutral," with the target price reduced from $84 to $54 [1]