Oppenheimer Reports Concern For KMX

Oppenheimer has issued a report regarding their concern for Carmax KMX. According to Oppenheimer, “Investors continue to significantly underappreciate the longer term earnings power of KMX. CarMax will report Q4 (Feb.) results on Mar. 31st. We are somewhat concerned that even a solid fourth-quarter announcement might not prove a positive near-term catalyst for shares. Strong top-line trends appear well telegraphed and gross margins are likely to continue to stabilize.” KMX has an Outperform Rating and a $41.00 Price Target. KMX closed at $32.47 yesterday.