CarMax Q2 Review
<p><a href='https://financialmodelingprep.com/financial-summary/KMX'>CarMax, Inc. (NYSE:KMX) </a>reported its Q2 results, marked with slowing unit and profit growth.</p>
<p>Analysts at Wedbush lowered their price target on the company to $135 from $150 on profit miss, particularly used retail gross profit per unit (GPU), which was disappointing given a favorable pricing environment and an estimated $250 per unit year-over-year benefit from a sharply increased mix of customer-sourced vehicles. </p>
<p>This is particularly surprising given the fact that the company took its generated GPU savings from a stronger self-sufficiency ratio and invested in price to remain more competitive as it focuses on market share.</p>
<p>While the company continues to execute on its initiatives and remains focused on gaining market share by taking its generated GPU savings from a stronger self-sufficiency ratio and investing in price to remain more competitive, lack of upside in retail GPU and elevated SG&A spending keeps the analyst on the sidelines.</p>

NYSE:KMX