CarMax's Strategy for Sourcing Vehicles and Omni-Channel Shift Poised to Drive Profit Despite Increased Competition: Analyst
Portfolio Pulse from Shivani Kumaresan
Needham analyst Chris Pierce reiterated a Hold rating on CarMax Inc (NYSE:KMX) with a price target of $86.21. The company's strategy for sourcing vehicles and omni-channel shift is expected to drive profit despite increased competition. However, higher advertising and technology expenses associated with the new operating model may limit earnings in the near and medium term.
June 26, 2023 | 8:09 pm
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CarMax's strategy for sourcing vehicles and omni-channel shift is expected to drive profit despite increased competition. However, higher advertising and technology expenses associated with the new operating model may limit earnings in the near and medium term.
The article highlights that CarMax's strategy for sourcing vehicles and omni-channel shift is expected to drive profit despite increased competition. However, the higher advertising and technology expenses associated with the new operating model may limit earnings in the near and medium term. This creates a mixed outlook for the stock, with potential growth drivers being offset by increased expenses.
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