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J.P. Morgan Remains a Sell on CarMax (KMX)

Tipranks - Tipranks - Sat Mar 21, 7:02AM CDT

J.P. Morgan analyst Rajat Gupta CFA maintained a Sell rating on CarMax yesterday and set a price target of $28.00. The company’s shares closed yesterday at $42.38.

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According to TipRanks, Gupta CFA is a 4-star analyst with an average return of 10.4% and a 53.92% success rate. Gupta CFA covers the Consumer Cyclical sector, focusing on stocks such as Carvana Co, Group 1 Automotive, and CarMax.

In addition to J.P. Morgan, CarMax also received a Sell from Barclays’s John Babcock in a report issued on March 12. However, on March 18, Wedbush maintained a Hold rating on CarMax (NYSE: KMX).

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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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