Why CarMax Stock Rebounded on Thursday
Several analysts adjusted their takes on the auto retailer.
Overview
In one of the more significant gear shifts on the stock market Thursday, CarMax (NYSE: KMX) roared to a 13% gain after sputtering to a 9% loss the previous trading session. The auto retailer's equity benefited from several positive post-earnings analyst notes; among these was a recommendation upgrade.
CarMax published its first quarter of fiscal 2027 results on Wednesday morning, and investors reacted negatively, despite convincing top- and bottom-line beats.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.