CarMax's F2Q Could Highlight Continued Turnaround Progress
Dow Jones
Sep 25
1046 ET - Oppenheimer analysts say they remain on the sidelines when it comes to CarMax. The company's F2Q results, scheduled to be released next week, are unlikely to provide an "all clear" for the long-struggling chain, analysts Brian Nagel and Andrew Chasanoff say in a research note. However, the results "could highlight further, positive fundamental progress at the company under the guidance of new CEO Keith Barr," they say. CarMax's already well-developed and unique omni-channel model lends itself well to strong sales and profitability when operated efficiently, the analysts say. They're just waiting for commentary from Barr and company data to show that recent repositioning efforts are in fact increasing efficiency, they add.
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