KMX - CarMax Shares Down: What's Going On? | Benzinga
CarMax Inc (NYSE: KMX) shares are trading lower by around 4%. Needham analyst Chris Pierce reiterated the Hold rating on the stock after spending a day at the company's Richmond Innovation Center.
The analyst notes that the used auto industry is becoming less fragmented as larger players expand shares.
Pierce is confident in KMX's ability to boost share over the long term on Edmunds acquisition and the benefits of omnichannel and AI/ML investments ...