Barclays Sticks to Their Sell Rating for CarMax (KMX)
In a report released today, John Babcock from Barclays maintained a Sell rating on CarMax, with a price target of $28.00.
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According to TipRanks, Babcock is a 4-star analyst with an average return of 10.5% and a 46.39% 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 J.P. Morgan’s Rajat Gupta CFA in a report issued on March 11. However, yesterday, Evercore ISI maintained a Hold rating on CarMax (NYSE: KMX).
Based on CarMax’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $6.24 billion and a net profit of $62.22 million. In comparison, last year the company earned a revenue of $6.69 billion and had a net profit of $125.44 million
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