CarMax posts
FeedPosted Mar 27th 2011 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Family Dollar Stores (FDO), Economic Data
The calendar quarter winds down this week and quarterly reports are due from Apollo Group (APOL), CarMax (KMX), Global Payments (GPN), Krispy Kreme (KKD), Lennar (LEN) and McCormick (MKC). But analysts surveyed by Thomson Reuters have high hopes for results from fertilizer and animal feed maker Mosaic (MOS), apparel maker Phillips Van Heusen (PVH) and discount retailer Family Dollar (FDO). So here's a look at what they anticipate from these three companies.
Mosaic
During its fiscal second quarter, Cargill agreed to distribute its stake in Mosaic, and Mosaic also said it would redeem senior notes. Analysts anticipate that the Minnesota-based potash producer will report per-share earnings of $1.07, a jump of 53.3% from the same quarter of last year. Mosaic also is expected to post revenue of $2.4 billion for the three months that ended in February. That's a 35.9% rise from a year earlier.
Continue reading Week in Preview: Mosaic, Family Dollar Earnings and March Unemployment Rate
Posted Mar 25th 2011 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Aetna Inc (AET), Best Buy (BBY), Research in Motion (RIMM), Harley-Davidson (HOG), Analyst Initiations, Akamai Technologies (AKAM), Las Vegas Sands (LVS), Urban Outfitters (URBN)
Analyst Upgrades
- Akamai (AKAM) to overweight from neutral at Piper Jaffray.
- Las Vegas Sands (LVS) to buy from neutral at UBS.
- Aetna (AET) to Outperform from market perform at Leerink.
- Hot Topic (HOTT) to buy from neutral at Janney Capital.
- Colonial Properties (CLP) upgraded to Outperform from market perform at FBR Capital and to buy from hold at Citigroup.
- Altera (ALTR) to buy from hold at Citigroup.
- American Reprographics (ARC), CarMax (KMX) and American Campus (ACC) to outperform from neutral at RW Baird.
- Zebra Tech (ZBRA) to neutral from underweight at JPMorgan.
- IMAX (IMAX) to buy from hold at Canaccord.
- Basic Energy (BAS) to neutral from sell at Goldman.
- Mednax (MD) to buy from neutral at BofA/Merrill.
- UTi Worldwide (UTIW) to buy from hold at Stifel Nicolaus.
Continue reading Analyst Calls: AET, AKAM, BBY, DVN, HOG, IMAX, LVS, RIMM, UNH, URBN ...
Posted Jan 28th 2011 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, AT and T (T), Nokia Corp. (NOK), Brinker Intl (EAT), BP p.l.c. ADS (BP), Analyst Initiations, JetBlue Airways (JBLU), Royal Dutch Shell (RDS.A)
Analyst Calls
- Medtronic (MDT) to buy from neutral and 1-800-Flowers.com (FLWS) to neutral from sell at Goldman.
- CarMax (KMX) to outperform from perform at Oppenheimer.
- Points International (PTSEF) to buy from neutral at Merriman.
- Nokia (NOK) to market perform from underperform at Morgan Keegan.
- Amdocs (DOX) to overweight from equal weight at Barclays.
- Western Alliance (WAL) to outperform from sector perform at RBC Capital.
- Carbo Ceramics (CRR) to outperform from market perform at BMO Capital.
- Rackspace (RAX) to buy from hold at Benchmark Co.
- Brinker (EAT) to equal weight from underweight at Morgan Stanley.
Continue reading Analyst Calls: BP, EAT, JBLU, KMX, MDT, MYGN, NOK, NTRS, RAX, RDS.A, T ...
Posted Jan 21st 2011 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Analyst Initiations, Freep't McMoRan Copper (FCX)
Analyst Upgrades
- Heico (HEI) to outperform from market perform at FBR Capital.
- Eaton (ETN), Silgan Holdings (SLGN), MYR Group (MYRG) and Shaw Group (SHAW) to outperform from neutral at RW Baird.
- Infosys (INFY) to buy from Neutral at Nomura.
- Isle of Capri (ISLE) to buy from neutral at Merriman.
- NovaGold (NG) to sector perform from underperform at RBC Capital.
- CarMax (KMX) and Rockwell Collins (COL) to outperform from neutral at Credit Suisse.
- DHT Holdings (DHT) to overweight from neutral at JPMorgan.
- Cabot Oil & Gas (COG) to overweight from underweight at Morgan Stanley.
Continue reading Analyst Calls: CB, COL, ETN, FCX, FRO, INFY, KMX, NAT, SHAW, SON ...
Posted Sep 22nd 2010 3:30PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, AutoNation Inc (AN)
CarMax (KMX), a used-car entity that counts AutoNation (AN) as a related company, was seeing a bid this afternoon. With a little less than 1 hour to go before the market closes up shop, shares were higher by over 6% to $25.65. The 52-week low for the stock is $18.62, and the 52-week high is $26.50, so investors are currently optimistic about the prospects for the business.
According to the Associated Press, net profit came in at 48 cents per share. The analysts were calling for 40 cents per share. That was a nice beat. CEO Tom Folliard was pleased with his sales team's ability to move inventory.
Continue reading CarMax Higher on Earnings News -- Should You Stay in the Stock?
Posted Sep 20th 2010 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, AT and T (T), Best Buy (BBY), Research in Motion (RIMM), U.S. Steel (X), Nucor Corp (NUE), Analyst Initiations, Freep't McMoRan Copper (FCX)
Analyst Upgrades
- Credit Suisse upgraded AT&T (T) to outperform from neutral and has a $35 target on the stock. Credit Suisse believes the impact from AT&T's loss of iPhone exclusivity will be less than expected and that the stock should benefit from its earnings growth and dividend yield.
- Goldman upgraded Freeport McMoRan (FCX) to buy from neutral and raised its price target to $94 from $79 based on improving copper fundamentals.
- Benchmark Co. upgraded Valueclick (VCLK) to vuy from hold on expectations Google Instant (GOOG) could drive marketing traffic. The firm raised its target price for Valueclick shares to $15 from $11.
- Best Buy (BBY) was upgraded to outperform from perform at Oppenheimer.
- Research In Motion (RIMM) was upgraded to buy from sell at Societe Generale.
- CarMax (KMX) was upgraded to outperform from market perform at Wells Fargo.
Continue reading Analyst Calls: BBY, FCX, KMX, NUE, PRGS, RIMM, T, USG, VCLK, X ...
Posted Sep 13th 2010 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Microsoft (MSFT), Exxon Mobil (XOM), Nokia Corp. (NOK), AutoZone Inc (AZO), Research in Motion (RIMM), Analyst Initiations
Analyst Upgrades
- Citigroup upgraded OpenTable (OPEN) to buy from hold, citing stronger than expected near-term trends and traction for the company's Spotlight offering. Citi upped its price target for shares to $70 from $46.
- Wells Fargo upgraded Werner (WERN) to outperform from market perform, citing valuation, the company's reduction in cost, and its above peer exposure to the pricing cycle.
- Goldman upgraded CarMax (KMX) to neutral from sell based on valuation and higher used car profitability. The firm has a $24 target on the stock.
- Apollo Group (APOL) was upgraded to overweight from equal weight at Morgan Stanley.
- Nokia (NOK) was upgraded to overweight from equal weight at Barclays.
- Zions Bancorp (ZION) was upgraded to outperform from market perform at Bernstein.
Continue reading Analyst Calls: AZO, KMX, MSFT, NOK, OPEN, PCG, RIMM, WDC, WERN, XOM ...
Posted Aug 4th 2010 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Advanced Micro Dev (AMD), Bed Bath and Beyond (BBBY), Chipotle Mexican Grill'A' (CMG), BP p.l.c. ADS (BP), Intuit Inc (INTU), Dow Chemical (DOW), Burger King Hldgs (BKC), Analyst Initiations, MetLife Inc. (MET), Royal Dutch Shell (RDS.A)
Analyst Upgrades
- Auriga upgraded Leap Wireless (LEAP) to buy from hold following the company's Q2 results and analyst day, citing valuation, longer-term potential for consolidation and prospects for business improvements. Despite upgrading, the firm lowered its target for shares to $16 from $19.
- Goldman upgraded Barnes & Noble (BKS) to neutral from sell following the company's announcement to explore strategic alternatives. The firm raised its price target to $15 from $12.
- RBC Capital upgraded ESCO Technologies (ESE) to sector perform from underperform following the better-than-expected Q3 report. The firm raised its price target to $30 from $28.
- MetLife (MET) was upgraded to buy from neutral at BofA/Merrill.
- Priceline.com (PCLN) was upgraded to buy from hold at Stifel Nicolaus.
- HSBC (HBC) was upgraded to outperform from underperform at CLSA.
Continue reading Analyst Calls: AMD, BKC, BKS, BP, DOW, HBC, LEAP, LLY, MET, PCLN, ...
Posted Jun 24th 2010 1:50PM by Nikhil Hutheesing (RSS feed)
Filed under: Stocks to Buy

CarMax (
KMX) reported strong first quarter earnings on Wednesday sending its stock up 9%. One day later, the stock has come off, perhaps making this a good opportunity to buy shares.
CarMax, which sells, finances and services used and new cars, has a good story. The company's same store used vehicle sales were up 9% year over year. While Gross margins declined from the year ago quarter to 14.7% from 15.1%, it is up over its five-year average of 13%. Besides that, gross margin was up sequentially, probably due to the company's efforts to improve the way it reconditions vehicles.
Continue reading CarMax Could Be a Good Long-Term Buy
Posted Jun 3rd 2010 6:00PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, AutoNation Inc (AN)

America's Car-Mart Inc. (
CRMT), an automotive retailer whose colleagues include AutoNation Inc. (
AN) and CarMax Inc. (
KMX), reported what I thought was an excellent fourth quarter. But the shares aren't performing how one might think they would perform given the data.
At the time of this writing during the afternoon session, my screen showed a quote of $24.53 for the stock. That was up three little pennies. Not much action there, my trading friends. And I'll tell you, there hasn't been much excitement in the stock over the last few months. If you take a look at the
following chart, you'll see a narrow, boring range of sideways action.
Continue reading America's Car-Mart's Engine Ran Smoothly in the Fourth Quarter
Posted Sep 26th 2009 1:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Automatic Data Proc (ADP), AutoZone Inc (AZO), Bed Bath and Beyond (BBBY), Carnival Corp (CCL), ConAgra Foods (CAG), Costco Wholesale (COST), Research in Motion (RIMM), General Mills (GIS), Lowe's Cos (LOW), Lennar Corp'A' (LEN), Red Hat Inc (RHT), Activision Inc (ATVI), United Technologies (UTX), Rite Aid Corp (RAD), Potash Corp. of Saskatchewan (POT)
Continue reading Earnings highlights: AutoZone, Carnival, CarMax, ConAgra, General Mills, RIM ...
Posted Sep 22nd 2009 11:50AM by Elizabeth Harrow (RSS feed)
Filed under: Earnings Reports
CarMax Inc. (NYSE: KMX) rallied to a new 52-week high Tuesday after topping analysts' second-quarter earnings expectations. The used-car retailer reported a quarterly profit of $103 million, or 46 cents per share, while net sales jumped 13% to $2.1 billion. By contrast, analysts were expecting net income of just 18 cents per share on $1.77 billion in revenue.
"The government's CARS, or 'cash for clunkers,' program resulted in a spike in traffic in late July and August," explained CEO Tom Folliard. Same-store used-unit sales for the quarter climbed 8%, bouncing back from a 17% drop in the first quarter.
Continue reading CarMax taps 16-month high after solid 2Q earnings
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