CarMax (KMX) Receives a Sell from Barclays
Barclays analyst John Babcock maintained a Sell rating on CarMax today and set a price target of $26.00.
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According to TipRanks, Babcock is a 4-star analyst with an average return of 15.3% and a 54.72% success rate. Babcock covers the Consumer Cyclical sector, focusing on stocks such as CarMax, OPENLANE, and Lithia Motors.
In addition to Barclays, CarMax also received a Sell from Bank of America Securities’s Alexander Perry in a report issued yesterday. However, on the same day, Evercore ISI maintained a Hold 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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