BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Wedbush Downgrades CarMax (KMX) Amid Weak Quarterly Performance
Wedbush Downgrades CarMax (KMX) Amid Weak Quarterly Performance
16
3
BTCCSquare news:
CarMax shares plunged 20% following disappointing Q2 FY26 results, with revenue and earnings missing analyst estimates. Wedbush analyst Scott Devitt downgraded the stock to Hold, slashing the price target by 35% to $54, citing underperformance across key metrics including retail sales and gross profit.
The used-car retailer's year-to-date decline now stands at 44%, as market leadership concerns intensify. Competitors are gaining share faster than CarMax can stabilize operations, casting doubt on near-term recovery prospects.
By:
