Jim Cramer Warns 'The Business Is Really Bad' At This Consumer Cyclical Stock

Group 1: CarMax, Inc. (NYSE: KMX) - Jim Cramer expressed a negative outlook on CarMax, stating that the business is performing poorly [1] - Barclays analyst John Babcock initiated coverage of CarMax with an Underweight rating and a price target of $28 [1] Group 2: ServiceNow, Inc. (NYSE: NOW) - ServiceNow reported better-than-expected third-quarter financial results, with earnings of $4.82 per share, surpassing the analyst estimate of $4.27 [2] - The company's quarterly revenue was $3.4 billion, exceeding the analyst consensus estimate of $3.35 billion [2] - ServiceNow announced a five-for-one stock split [2] - Jim Cramer recommended holding ServiceNow for long-term investments, citing strong fundamentals [1] Group 3: Conagra Brands, Inc. (NYSE: CAG) - Jim Cramer indicated he does not invest in companies with flat revenues over multiple years [2] - Conagra reported quarterly net sales of $2.63 billion, a decrease of 5.8% from the previous year [2] - The company's adjusted earnings per share were 39 cents, down 26.4% year-over-year [2]