As previously reported, Wedbush downgraded CarMax (KMX) to Neutral from Outperform with a price target of $54, down from $84, after the company reported “weak results” in Q2 that underperformed expectations across “all key metrics.” These results are amplifying investors’ concerns around management’s ability to sustain market leadership and drive additional growth, according to the analyst, who has put the firm’s estimates under review for potential revision following the earnings conference call.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KMX:
- CarMax downgraded to Neutral from Outperform at Wedbush
- CarMax: Navigating Challenges with Potential for Recovery and Growth
- KMX Earnings: CarMax Stock Falls on Poor Q2 Performance
- Options Volatility and Implied Earnings Moves Today, September 25, 2025
- CarMax falls 6% to $53.26 after Q2 results miss estimates