Automotive Retail

Search documents
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].
CarMax Stock Just Tanked. Time to Buy?
The Motley Fool· 2025-09-27 17:11
A sharp sell-off has reset expectations for the country's largest used car retailer -- and the long-term story still looks intact.CarMax (KMX -1.61%), the leading omnichannel seller of used vehicles, was hit hard after its latest update. The stock fell more than 20% on Thursday following weaker-than-expected results and a cautious tone on demand. Additionally, the market's reaction may also reflect mounting concerns about credit trends inside CarMax Auto Finance and the durability of consumer demand as rate ...
KMX BREAKING NEWS: BFA Law is Investigating CarMax, Inc. for Securities Fraud after Stock Drops 20% on Demand Issues -- Investors are Urged to Contact the Firm
Businesswire· 2025-09-26 17:53
Core Viewpoint - CarMax, Inc. is under investigation by Bleichmar Fonti & Auld LLP for potential violations of federal securities laws related to its claims about strong and sustainable demand for used cars [1] Company Summary - CarMax, Inc. operates in the used car sales industry [1] - The company has been promoting the strength and sustainability of demand for its vehicles during the relevant period [1]
Carmax’s 2 Top 10 Unusually Active Options Sets Up for a Long Strangle: Should You Make the Bet?
Yahoo Finance· 2025-09-26 17:30
Company Overview - Carmax is the largest used-car retailer in the U.S. and also conducts wholesale vehicle auctions, making it one of the largest in the country [7] - The company reported its Q2 2026 results, with shares declining by 20% following the announcement [7] Financial Performance - Carmax missed both top and bottom-line analyst estimates for the quarter, with revenues of $6.6 billion, which is 6% lower than the previous year and $410 million below Wall Street consensus [8] - The earnings per share were 99 cents, falling short by six cents of analyst expectations [8] - The company experienced a decline in sales each month during the quarter, indicating a weakening trend [9] Market Context - Despite the S&P 500's increase of nearly 13% in 2025, most used-car buyers are financially constrained [10] - U.S. household wealth reached $176.3 trillion at the end of June, but the growth in wealth is likely concentrated among the top 10% of Americans, who may not be the primary customers for used cars [11] Stock Performance - Following the recent decline, Carmax's market value has decreased by 44% in 2025, now standing at $6.84 billion, a level not seen since 2016 [12] - Technical analysis suggests a potential for further decline, with a strong sell rating indicating a 100% certainty of continued price decrease [13] Analyst Ratings - Among 19 analysts covering Carmax, 11 rate it a Buy with a target price of $77.94, which is 71% higher than its current share price [13] - Analysts are generally slow to revise target prices downward, which may not reflect the current market conditions accurately [13] Economic Indicators - The U.S. GDP rose by 3.8% on an annualized basis in the second quarter, but this growth was partly due to a decline in imports from tariffs [14] - Household debt reached $185 billion in the second quarter, with a delinquency rate of 4.4%, indicating potential financial strain on consumers [15] Options Strategy - A long strangle strategy involving a $47.50 call and a $40 put was set up, requiring Carmax's share price to exceed $49.55 or drop below $37.95 to be profitable [16] - The expected price movement is 7.38% in either direction, with a profit probability of only 27.3% [17]
These Analysts Cut Their Forecasts On CarMax After Downbeat Q2 Results
Benzinga· 2025-09-26 17:11
Financial Performance - CarMax Inc reported second-quarter earnings per share of 64 cents, missing the analyst consensus estimate of $1.09 [1] - Quarterly sales were $6.594 billion, down 6% year over year, and also missed the expected $7.024 billion [1] - The company purchased a total of 293,000 vehicles in the second quarter, a 2.4% decrease from the previous year [1] Vehicle Acquisition - Of the total vehicles purchased, 262,000 were from consumers, reflecting a 2.7% decrease, while 31,000 were from dealers, which is a slight increase of 0.2% [1] Analyst Reactions - Following the earnings announcement, CarMax shares fell 0.4% to $45.41 [2] - Needham analyst Chris Pierce maintained a Buy rating but lowered the price target from $92 to $60 [4] - Evercore ISI Group analyst Michael Montani downgraded CarMax from Outperform to In-Line and cut the price target from $80 to $52 [4] - Baird analyst Craig Kennison maintained an Outperform rating and lowered the price target from $90 to $60 [4] - RBC Capital analyst Steven Shemesh maintained an Outperform rating and reduced the price target from $81 to $59 [4] - Truist Securities analyst Scot Ciccarelli maintained a Hold rating and lowered the price target from $74 to $47 [4]