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NKE Leaps Over Earnings Hurdle, CVNA Upgrade, MRVL Downgrade
Youtube· 2025-10-01 14:30
Nike - Nike reported better-than-expected earnings, with EPS at 49 cents, surpassing the street's expectation of 48 cents [2] - Revenue reached $11.7 billion, up 1% year-over-year, indicating a positive trend for the company [3] - Gross margins declined due to weaker demand and tariffs, with an expected annual impact of $1.5 billion from tariffs [4][7] - Wholesale sales increased, suggesting improved relationships with retail partners, while own stores and digital sales saw a decline [4][5] - North America sales rose by 4%, but there was weakness in the Chinese market [5] - The company is shifting focus back to running and training shoes, and collaborations, such as with Skims, are helping attract more female customers [6] Carvana - Carvana received an upgrade to a buy rating from Jeff, with a new price target of $475, indicating potential upside [8] - The company is well-positioned to benefit from the digital shift in used car sales, with about 30% of adults preferring to buy cars online [9][10] - Projections indicate that Carvana could capture 10% of the online car sales market, with revenue estimates for 2027 expected to be 15-12% above consensus [10][11] Marvell - Marvell was downgraded to a hold rating by TD Colin, with a reduced price target of $85, down from a previous target of $90 [13] - The downgrade follows a significant stock increase of over 30% in the past month, leading to a balanced risk-reward scenario [14] - Concerns exist regarding limited visibility on growth drivers, particularly custom chips, with expectations of flat revenue in 2026 [15]
BFA Law is Investigating CarMax, Inc. (NYSE:KMX) for Securities Fraud after 20% Stock Drop -- Contact the Firm if You Lost Money
Globenewswire· 2025-09-30 12:36
NEW YORK, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into CarMax, Inc. (NYSE: KMX) for potential violations of the federal securities laws. If you invested in CarMax, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/carmax-inc-class-action. Why Is CarMax being Investigated?CarMax sells used cars. During the relevant period, the Company touted the strong and sustainable demand for its cars, ...
Securities Fraud Investigation Into America's Car-Mart, Inc. (CRMT) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Globenewswire· 2025-09-30 00:36
Core Viewpoint - The Law Offices of Frank R. Cruz is investigating America's Car-Mart, Inc. for potential violations of federal securities laws following significant stock price declines related to financial disclosures and performance issues [1][2][3][4]. Group 1: Investigation Background - On July 15, 2025, Car-Mart announced a delay in filing its annual report due to the need for enhanced disclosures regarding loan modifications for financially distressed borrowers, resulting in a stock price drop of $3.12 (5.2%) to $57.26 [2]. - On July 30, 2025, Car-Mart revealed that certain previously issued financial statements were no longer reliable due to omissions in disclosures about loan modifications, causing the stock price to fall by $3.70 (7.5%) to $45.57 [3]. - On September 4, 2025, Car-Mart reported a 5.7% decline in sales volumes, attributing it to a focus on customer quality and vehicle performance, leading to a significant stock price drop of $8.14 (18.2%) to $36.51 [4].
CARMAX ALERT: Bragar Eagel & Squire, P.C. is Investigating CarMax, Inc. on Behalf of CarMax Stockholders and Encourages Investors to Contact the Firm
Globenewswire· 2025-09-29 21:51
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In CarMax (KMX) To Contact Him Directly To Discuss Their Options If you purchased or acquired stock in CarMax and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Sept. 29, 2025 (GLOBE NEWSWIRE) -- What’s Happening: Bragar Eagel & Squire, P.C., a nationally recognized ...
CarMax, Inc. Investigated for Securities Fraud Violations – Contact the DJS Law Group to Discuss Your Rights – KMX
Businesswire· 2025-09-29 17:00
LOS ANGELES--(BUSINESS WIRE)--CarMax, Inc. Investigated for Securities Fraud Violations – Contact the DJS Law Group to Discuss Your Rights – KMX. ...
NYSE: KMX Investigation Alert: Kessler Topaz Meltzer & Check, LLP Encourages CarMax, Inc. (NYSE: KMX) Investors with Significant Losses to Contact the Firm
Businesswire· 2025-09-29 15:04
RADNOR, Pa.--(BUSINESS WIRE)-- #classaction--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of CarMax, Inc. (NYSE: KMX) ("CarMax†). On September 25, 2025, CarMax released its second quarter fiscal year 2026 financial results, disclosing significant revenue and profit declines year over year, including a revenue decline of 6.0%, total retail used vehicle revenues decline of 7.2%, and a t ...
EA downgraded, AppLovin initiated: Wall Street's top analyst calls
Yahoo Finance· 2025-09-29 13:46
The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly.Top 5 Upgrades: Goldman Sachs upgraded Innoviz Technologies (INVZ) to Buy from Neutral with a price target of $2.50, up from $1.50. The firm cites the company's design potential over the next six months and its "inexpensive" valuation for the upgrade.Morgan Stanley upgraded Citizens Financial (CFG) to Overweight from Equal Weight ...
New Strong Sell Stocks for September 29th
ZACKS· 2025-09-29 11:06
Group 1 - Constellation Brands (STZ) has been added to the Zacks Rank 5 (Strong Sell) List due to an 8.7% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - China Mengniu Dairy (CIADY) is also on the Zacks Rank 5 (Strong Sell) List, with an almost 8.6% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - AutoZone (AZO), a leading specialty retailer and distributor of automotive replacement parts and accessories in the U.S., has seen an almost 8.4% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]
Uxin Reports Unaudited Financial Results for the Quarter Ended June 30, 2025
Prnewswire· 2025-09-29 07:00
Core Viewpoint - Uxin Limited reported strong growth in retail transaction volume and revenue for the second quarter of 2025, driven by improved inventory availability and the performance of its new superstore in Wuhan. The company raised its full-year growth guidance to approximately 130% year-over-year [4][5][18]. Financial Performance - Total revenues for the quarter ended June 30, 2025, were RMB 658.3 million (US$ 91.9 million), a 30.6% increase from RMB 504.2 million in the previous quarter and a 64.1% increase from RMB 401.2 million in the same period last year [5][6]. - Retail vehicle sales revenue reached RMB 607.6 million (US$ 84.8 million), representing an 87% year-over-year growth and a 30.5% increase from the last quarter [6][8]. - Gross margin for the quarter was 5.2%, down from 7.0% in the previous quarter and 6.4% in the same period last year, primarily due to aggressive promotions in the new car sector and the early-stage ramp-up of the Wuhan superstore [10][12]. - The company incurred a loss from operations of RMB 43.1 million (US$ 6.0 million), compared to RMB 35.3 million in the last quarter and RMB 62.5 million in the same period last year [12][13]. Operational Highlights - Retail transaction volume reached 10,385 units, marking a 154% year-over-year increase and a 37.6% increase from the previous quarter [4][6]. - The Wuhan superstore achieved monthly sales of approximately 1,400 units since its opening in February 2025, contributing to the overall sales growth [4][7]. - The company opened its fourth superstore in Zhengzhou on September 27, 2025, which spans approximately 150,000 square meters and can display up to 5,000 vehicles [17]. Future Outlook - For the third quarter of 2025, Uxin expects retail transaction volume to range between 13,500 and 14,000 units, with total revenues projected between RMB 830 million and RMB 860 million [18]. - The company anticipates a recovery in gross margin to approximately 7.5% in the upcoming quarter [18].
CARMAX ALERT: Lose Money on Your CarMax, Inc. (NYSE:KMX) Investment? Contact BFA Law about its Securities Class Action Investigation
Globenewswire· 2025-09-28 11:09
Core Viewpoint - CarMax, Inc. is under investigation for potential violations of federal securities laws following disappointing earnings reports and claims of misleading statements regarding demand for its vehicles [1][2]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is leading the investigation into CarMax for possible securities law violations [1]. - The investigation is prompted by CarMax's claims of strong demand for used cars, which may have been artificially inflated due to pre-tariff purchasing behavior [2]. Group 2: Financial Performance - In fiscal Q2 2025, CarMax reported a 5.4% decline in retail used unit sales, a 6.3% decline in comparable store used unit sales, and a 2.2% decline in wholesale units [3]. - The company's net earnings for Q2 were approximately $95.4 million, down from $132.8 million in the previous year, attributed to a "pull forward" in demand due to tariff announcements [3]. - Following the earnings report, CarMax's stock price dropped by $11.45 per share, or about 20%, from $57.05 on September 24, 2025, to $45.60 on September 25, 2025 [3].