Wed, Oct. 14, 9:12 AM
- Retail sales improved 2.4% Y/Y with some categories helping to offset the 20% drop in gasoline station sales.
- Clothing store sales improved 0.9% M/M and 4.7% Y/Y. Both marks were much higher than sales churned up from department stores.
- As expected, auto dealers and auto parts stores (ABG, AN, CPRT, GPI, KMX, LAD, PAG, AAP, AZO, ORLY, PBY) showed a brisk 9% Y/Y gain.
- Furniture and home furnishings store sales were also ahead of the broad retail sales growth numbers with gains of 0.6% M/M and 5.3% Y/Y.
- Previously: Retail sales missed consensus in September (Oct. 14 2015)
- Related ETFs: IYK, IYC, SCC, UCC, UGE, SZK
Thu, Sep. 24, 9:42 AM
Wed, Sep. 23, 10:37 AM
- CarMax (KMX -2.4%) is one of the leading decliners in the S&P 500 Index after Oppenheimer issues a downgrade.
- The investment firm lowers its rating to Perform from Outperform on used car sales growth concerns.
- Oppy still has a favorable long-term view on the auto retailer.
Tue, Sep. 22, 7:51 AM
- CarMax (NYSE:KMX) reports used vehicle sales increased 7.9% to $3.150B in Q2 on a 9.2% gain in units moved.
- New vehicle sales fell 13.5% to $60.5M during the period. Unit sales -12.9%.
- Wholesale vehicle sales were up 11.6% to $592M. Unit sales +8.7%.
- Average selling price: Used -1.1 to $19,983; New -0.7% to $26,799; Wholesale +1.7% to $5,336.
- Total gross profit per unit +13.4% to $3,284.
- Previously: CarMax beats by $0.06, misses on revenue
Tue, Sep. 22, 7:38 AM
Mon, Sep. 21, 6:52 PM
- Wynn Resorts (NASDAQ:WYNN), Viacom (NASDAQ:VIAB) and Dollar Tree (NASDAQ:DLTR) headline Goldman Sachs' list of 25 companies that could post outsized returns even as more and more stocks are moving in lock-step.
- Goldman’s picks come as return dispersion - the performance gap among stocks - has sunk lately amid turmoil in China and concerns about when the Fed will raise interest rates that has pushed stock correlations to their highest level since 2011.
- Given the low-dispersion setting, Goldman says investors should focus on these 25 stocks that have high “dispersion scores” and 15%-plus upside to the firm’s targets: WYNN, VIAB, DLTR, UAL, LUV, URBN, CBG, JNPR, MPC, NFLX, HBI, SIG, CRM, CERN, VLO, KMX, ENDP, CTSH, ISRG, ETFC, TSN, CCE, CI, REGN, GT
Mon, Sep. 21, 5:30 PM
Mon, Sep. 21, 9:22 AM| Mon, Sep. 21, 9:22 AM | Comment!
Tue, Aug. 25, 10:43 AM
- Goldman Sachs analysts say the U.S. stock market correction has many more parallels with 1998 than 2008, which “suggest[s] a rebound ahead,” while predicting the S&P 500 will rise by 11% from current levels to reach 2,100 by year's end.
- The S&P fell 19% between July and August 1998, but "ultimately, the U.S. economy was relatively unaffected by overseas financial market gyrations in 1998, and we believe a similar situation will occur in 2015," Goldman says.
- The correlation between U.S. economic growth and Chinese growth is relatively low, Goldman says, estimating that a one percentage point drop in Chinese growth would translate into a 0.06 pp reduction in U.S. GDP.
- The best strategy for U.S. consumers, the bank advises, is to hold companies with high domestic revenues and avoid companies with high foreign sales.
- Goldman's list of the 25 most oversold stocks with high U.S. sales exposure: KMX, M, WFM, CHK, SWN, RRC, COG, PXD, OKE, MPC, NAVI, ETFC, LNC, BXP, KEY, RF, DFS, ANTM, CSX, NSC, UNP, JBHT, FSLR, ADS, PAYX
Mon, Aug. 3, 8:13 AM
Wed, Jul. 8, 10:42 AM| Wed, Jul. 8, 10:42 AM | 1 Comment
Fri, Jun. 19, 7:55 AM
- CarMax (NYSE:KMX) reports used unit sales in comparable stores increased 4.9% in Q1.
- Total wholesale vehicle unit sales rose 4.7% due to growth of the company's store base.
- CarMax Auto Finance income grew 15.3% to $109.1M.
- Average selling prices: Used vehicles -1.6% to $19,851, New vehicles +0.9% to $26,997, Wholesale vehicles flat at $5,449.
- Gross profit per used vehicle was flat at $2,200.
- Gross profit per new vehicle -120 bps to $371.
- FY2016 Guidance: Capital expenditure: ~$360M.
Fri, Jun. 19, 7:36 AM
Thu, Jun. 18, 5:30 PM
Thu, May 14, 9:19 AM
- Sterne Agee initiates coverage on CarMax (NYSE:KMX) with a Buy rating on its view the company has new expansion opportunities.
- The investment firm sets a price target of $87.
- Previously: CarMax +2% after posting strong results (Apr. 02 2015)
- Previously: CarMax beats by $0.05, beats on revenue (Apr. 02 2015)
- KMX +2.66% premarket to $72.95.
Thu, Apr. 2, 9:13 AM
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