CarMax Earnings: Growth Slows as Customer Traffic Drops
Investors have been understandably cautious about CarMax's (NYSE: KMX) business lately. After all, customer traffic declined through most of 2017 at the country's largest used-car retailer, leading to concerns that its sales growth momentum might hit a wall.
CarMax's third-quarter earnings announcement didn't ease that specific concern this week. In fact, sales growth slowed for the second consecutive quarter. On the other hand, profitability remained healthy and the retailer still plans to boost overall sales by aggressively adding to its store count in the coming year.
With that bigger picture in mind, let's take a closer look at the results.
Source: Fool.com
Carmax Inc. Stock
€52.02
2.480%
Based on 12 Buy predictions and 11 Sell predictions the sentiment towards Carmax Inc. is rather balanced.
However, we have a potential of -9.65% for Carmax Inc. as the target price of 47 € is below the current price of 52.02 €.
