KMX - What's In Store For CarMax In Q2 - Analyst Sees Easing Growth Comparisons Cost Controls & More | Benzinga
Oppenheimer analyst Brian Nagel reiterated an Outperform rating on CarMax Inc (NYSE: KMX) with a price target of $105.
CarMax will announce Q2 results on Thursday, September 28.
Lately, CarMax has struggled amid a bloated cost infrastructure, and elevated used car prices and higher rates stymied demand for pre-owned vehicles, the analyst notes.
The analyst is increasingly optimistic that, as macro and sector tailwinds gradually abate, KMX will emerge as an even more robust, better-positioned operator within the still fragmented used car sector.
Nagel reviewed trends at KMX and data across the space. The analyst is ...