Barclays Reaffirms Their Sell Rating on CarMax (KMX)
Barclays analyst John Babcock maintained a Sell rating on CarMax today and set a price target of $31.00.
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According to TipRanks, Babcock is a 4-star analyst with an average return of 11.6% and a 53.33% success rate. Babcock covers the Consumer Cyclical sector, focusing on stocks such as Group 1 Automotive, CarMax, and Carvana Co.
In addition to Barclays, CarMax also received a Sell from J.P. Morgan’s Rajat Gupta CFA in a report issued on June 11. However, yesterday, William Blair reiterated a Hold rating on CarMax (NYSE: KMX).
Based on CarMax’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $8.01 billion and a net profit of $185.63 million. In comparison, last year the company earned a revenue of $7.55 billion and had a net profit of $210.38 million
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