CarMax Inc.

Oppenheimer has lowered its price target from $41 to $38 on CarMax (NYSE: KMX) in advance of Q1 results, which are to be released on June 22. In the report, Oppenheimer writes, “We have for some time looked upon CarMax as one of the most attractive mid-cap names within the Hardlines Sector. Our...

Wells Fargo has revised up earnings estimates on CarMax (NYSE: KMX), American Water Works Company (NYSE: AWK), Bill Barrett (NYSE: BBG), First Horizon National (NYSE: FHN), Quest Diagnostics (NYSE: DGX) and Global Payments (NYSE: GPN). It has revised down estimates on DryShips (NASDAQ: DRYS),...

J.P. Morgan has revised its Dec-2011 price target on shares of CarMax Inc. (NYSE: KMX), raising its PT to $34, up from $31. “[We] base it on an unchanged 17x P/E which is now applied to our revised F2013 EPS of $2.00,” J.P. Morgan writes. “While we remain positively inclined to this fundamentally...

CarMax Inc. (NYSE: KMX) reported F3Q.2011 EPS of $0.36, above consensus ($0.33) and in line with J.P. Morgan. “Relative to our model, stronger-than-expected top line was mitigated by weaker-than-expected gross profit per unit,” J.P. Morgan writes. “Revenue was 9% above JPMe ($2.119B vs. $1.942B),...

Goldman Sachs said that its12-month price target on CarMax Inc. (NYSE: KMX) increases from $32 to $34 on “our higher estimates and mark-to-market of the relative P/E portion of our price target analysis.” CarMax Inc. closed Tuesday at $34.53.