BGB Securities Reiterates Buy Rating, $37 PT for CarMax
In a report published earlier today, BGB Securities, Inc. reiterated its Buy rating and $37.00 price target for CarMax, Inc. (NYSE: KMX).
BGB Securities went on to say “KMX turned in disappointing 1Q results, but we believe that the causes are temporary in nature. KMX reported 1Q13 results on Thursday, June 21, 2012. Adj. EPS for the quarter was $0.51, missing our $0.57 estimate. Comp store used units were flat in the quarter, hurt by reduced customer traffic. On the positive side was the strong performance of CarMax Auto Finance (CAF), which saw income rise 7.9% to a record $75.2 million, helped by greater loan originations.”
CarMax, Inc. closed yesterday at $25.88.
Latest Ratings for KMX
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 2022 | Evercore ISI Group | Downgrades | Outperform | In-Line |
| Jan 2022 | Seaport Global | Upgrades | Neutral | Buy |
| Dec 2021 | RBC Capital | Maintains | Outperform |
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Posted-In: BGB SecuritiesAnalyst Color Reiteration Analyst Ratings
