JPMorgan Upgrades CarMax to Neutral, Raises Price Target to $60 on Strong Sales Trends
JPMorgan points to above-seasonal sales performance and competitive pricing as key drivers.
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CarMax’s Turnaround Under New CEO: Progress Amid Persistent Challenges
CarMax reports Q2 earnings beat with 3.3% used vehicle sales growth, but profit per vehicle declines. New CEO Keith Barr pushes strategic overhaul amid operational challenges and activist pressure.
CarMax Swings to Q4 Loss as Price Cuts Squeeze Margins — Shares Drop
CarMax posted a Q4 loss due to goodwill charges and weak used-car sales. Revenue slipped, shares fell 13%, cost-cut outlook.
Starboard Targets CarMax: $350M Investment Backs Keith Barr to Revamp Used-Car Giant
Activist Starboard takes $350M stake in CarMax, nominates board members, and pushes for faster turnaround under incoming CEO Keith Barr.
CarMax Shares Slide as Used Car Sales Slow and Carvana Gains Ground
CarMax shares drop sharply after weak used car sales, shrinking profits, and rising pressure from fast-growing rival Carvana.
Ford Partners with Amazon to Sell Certified Pre-Owned Cars Online
Ford teams up with Amazon to sell certified pre-owned vehicles through Amazon Autos, allowing customers to browse, finance, and schedule pickups at participating dealers online.