CarMax Group
 (KMX)

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  • Aug. 25, 2015, 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
    | Aug. 25, 2015, 10:43 AM | 41 Comments
  • Aug. 3, 2015, 8:13 AM
    • CarMax (NYSE:KMX) is upgraded to a Conviction Buy rating by Goldman Sachs.
    • The investment firm bases its bullish call off of U.S. auto sales and pricing trends.
    • KMX +2.34% premarket to $66.02.
    | Aug. 3, 2015, 8:13 AM
  • Jul. 8, 2015, 10:42 AM
    • Goldman Sachs has upgraded CarMax (KMX -0.3%) shares to Buy from Neutral, stating the 11% drop since an April high has created "an appealing entry point."
    • The firm projects a 17% upside to the stock, but reduced its price target from $80 to $78 due to a "lower market multiple."
    | Jul. 8, 2015, 10:42 AM | 1 Comment
  • Jun. 19, 2015, 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.
    | Jun. 19, 2015, 7:55 AM
  • Jun. 19, 2015, 7:36 AM
    • CarMax (NYSE:KMX): Q1 EPS of $0.86 in-line.
    • Revenue of $4.01B (+6.9% Y/Y) misses by $140M.
    | Jun. 19, 2015, 7:36 AM
  • Jun. 18, 2015, 5:30 PM
  • May 14, 2015, 9:19 AM
    | May 14, 2015, 9:19 AM
  • Apr. 2, 2015, 9:13 AM
    | Apr. 2, 2015, 9:13 AM
  • Apr. 2, 2015, 7:46 AM
    • CarMax (NYSE:KMX) reports used vehicles sales rose 12.9% to $2.899B in FQ4.
    • New vehicle sales fell 7.7% to $45.7M during the quarter.
    • Wholesales vehicle sales +17% to $492M.
    • Average selling prices: Used +0.5% to $19,297; New -0.7% to $27,101; Wholesale +3.5% to $5,527.
    • The company's gross profit rate increased 100 bps to 13.5%.
    • CarMax plans for 14 store openings in FY16.
    • KMX +2.21% premarket to $69.90.
    | Apr. 2, 2015, 7:46 AM
  • Apr. 2, 2015, 7:39 AM
    • CarMax (NYSE:KMX): Q4 EPS of $0.65 beats by $0.05.
    • Revenue of $3.51B (+14.0% Y/Y) beats by $10M.
    • Shares +1.84% PM.
    | Apr. 2, 2015, 7:39 AM
  • Apr. 1, 2015, 5:30 PM
  • Mar. 31, 2015, 2:54 PM
    | Mar. 31, 2015, 2:54 PM | 3 Comments
  • Mar. 4, 2015, 8:12 AM
    • Shares of CarMax (NYSE:KMX) are feeling some pressure early on from a Baird downgrade.
    • The investment firm shifts to a Neutral position on the auto retailer from Outperform with the stock stalled out in the $65-$68 range over the last few months.
    • KMX -1.5% premarket to $66.38.
    | Mar. 4, 2015, 8:12 AM
  • Feb. 10, 2015, 3:16 PM
    • CarMax (KMX +1.6%) announces it plans to hire more than 2.5K people for open positions.
    • The company says a majority of the positions will be in sales.
    | Feb. 10, 2015, 3:16 PM
  • Dec. 22, 2014, 10:49 AM
    | Dec. 22, 2014, 10:49 AM | 12 Comments
  • Dec. 19, 2014, 3:00 PM
    • U.S. automobile sales are forecast to increase 11% in December to an annual selling rate of 16.6M units, according to a fresh forecast from TrueCar.
    • The research firm says the industry benefited from lower gas prices and a better month of weather than was seen a year ago.
    • For the full year, TrueCar expects total U.S. vehicle revenue to be up 8.3% to close to $1T.
    • Transaction prices on new cars are up 1.9% to $31,831 YTD.
    • Used vehicle sales are up 3.3% for the year.
    • Related stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCQX:VLKAY, OTCPK:FUJHY, KMX, CRMT, AN, LAD.
    | Dec. 19, 2014, 3:00 PM | 3 Comments
Company Description
CarMax Inc together with its wholly owned subsidiaries is engaged in sales of used vehicles in the United States. It operates in two reportable segments: CarMax Sales Operations and CarMax Auto Finance.
Sector: Services
Country: United States