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17.06.26 - 15:00
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Futures Fade Overnight Gains As Attention Turns To Kevin Warsh′s First Fed Decision (ZeroHedge)
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Futures Fade Overnight Gains As Attention Turns To Kevin Warsh's First Fed Decision
US futures are attempting to bounce back from yesterday's losses on Wall Street led by Tech. As of 8:00am ET, Nasdaq 100 futures lead the charge, with gains of 0.5% versus 0.1% for the S&P 500 future, although both are off session highs. SpaceX's post-IPO surge continues, with shares adding another 3% in the pre-market while Mag 7 are mixed: NVDA is up 0.4%, while GOOGL is down 0.5%. The Stoxx 600 is up 0.2%, while the MSCI APAC Index gained 0.5% in mixed trade for regional bourses. Overnight, headlines were largely muted: US retail sales print and earnings from Jabil and CarMax come before the open, but the real action comes later, with attention focused on the Fed and Kevin Warsh's first FOMC meeting as governor. Bond markets have mirrored some of this choppiness with the exception of gilts, which have been boosted by soft UK CPI metrics. US yields are down 1bp across the curve ahead of Kevin Warsh...
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17.06.26 - 11:54
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CarMax Reports First Quarter Fiscal 2027 Results (Business Wire)
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Introduces Strategy for GrowthRICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2026.
First Quarter Highlights:(1)
CEO Keith Barr announces CarMax's four-pillar strategic framework with the objective of delivering strong unit and earnings growth that enables CarMax to consistently reward shareholders.
Net revenues rose 6.2% to $8.0 billion.
Combined retail and wholesale unit sales of 392,357, an increase of 3.3%.
Retail used unit sales increased slightly and comparable store used unit sales declined 0.8%; gross profit per retail used unit of $2,177 declined from last year's all-time record by $230, reflecting the continuation of pricing actions implemented to drive an improved sales trend.
Wholesale units increased 8.4%; gross profit per wholesale unit of $1,046, in line with the prior year.
Extended Protection Plans (EPP) margin per retail unit of $580, an increase of $8 per unit.
Bought 322,000 vehicles from consumers and dealers, a decr...
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15.06.26 - 14:57
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CarMax Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call (Benzinga)
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CarMax (KMX) will report Q1 earnings on June 17. Analysts expect EPS of 94 cents on revenue of $7.42B. Last year, it reported $7.55B in revenue.
Latest Ratings for KMX
DateFirmActionFromTo Feb 2022Evercore ISI GroupDowngradesOutperformIn-Line Jan 2022Seaport GlobalUpgradesNeutralBuy Dec 2021RBC CapitalMaintainsOutperform
View More Analyst Ratings for KMX
View the Latest Analyst Ratings
Importance Rank:
1
read more...
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13.06.26 - 15:06
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The Billionaire Move Nobody Saw Coming: Why Starboard Value Abandoned CRM For These 2 Stocks (24/7 Wall St.)
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Starboard Value, the activist hedge fund led by Jeff Smith, fully exited its positions in Salesforce (NYSE:CRM) and Autodesk (NASDAQ:ADSK) during the first quarter of 2026, disclosed in a 13F filed May 15, 2026. In their place, Smith opened brand-new long positions in Lamb Weston (NYSE:LW) and CarMax (NYSE:KMX), and added to existing stakes in ... The Billionaire Move Nobody Saw Coming: Why Starboard Value Abandoned CRM For These 2 Stocks...
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