Seaport Research analyst Glenn Chin downgraded CarMax (KMX) to Neutral from Buy with no price target The firm’s Buy rating had long been based on expectations for CarMax’s return to sustained growth in both comps and earnings, but the disappointment in both measures in fiscal Q2 leaves the firm believing the path to sustained growth is “now less clear and could take longer than expected,” the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KMX:
- Wedbush Downgrades CarMax Stock (KMX) on ‘Weak’ Results, Cuts Price Target by 35%
- SPY ETF News, 9/26/2025
- Trump threatens new tariffs on drugs, kitchen cabinets, trucks: Morning Buzz
- VOO ETF News, 9/26/2025
- CarMax downgraded, Kenvue upgraded: Wall Street’s top analyst calls