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RBC Capital Sticks to Their Hold Rating for CarMax (KMX)

Tipranks - Thu Apr 16, 7:03AM CDT

In a report released yesterday, Steven Shemesh from RBC Capital maintained a Hold rating on CarMax, with a price target of $41.00. The company’s shares closed yesterday at $41.66.

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According to TipRanks, Shemesh is an analyst with an average return of -0.3% and a 50.81% success rate. Shemesh covers the Consumer Cyclical sector, focusing on stocks such as Advance Auto Parts, O’Reilly Auto, and Valvoline.

In addition to RBC Capital, CarMax also received a Hold from Truist Financial’s Scot Ciccarelli in a report issued today. However, on the same day, J.P. Morgan maintained a Sell rating on CarMax (NYSE: KMX).

Based on CarMax’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $4.52 billion and a GAAP net loss of $120.68 million. In comparison, last year the company earned a revenue of $6.47 billion and had a net profit of $89.87 million

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