Bank of New York Mellon Corp Makes New $2.75 Million Investment in Cars.com Inc. $CARS
Bank of New York Mellon Corp has made a new investment of $2.75 million in Cars.com Inc. (NYSE:CARS), acquiring 251,160 shares, which represents a 0.45% stake in the company. Institutional investors now collectively own 89.15% of Cars.com. The company recently reported quarterly EPS of $0.51, matching analyst estimates, with revenue increasing by 0.7% year-over-year to $179.93 million.
Bank of America Corp DE Has $1.97 Million Stake in Cars.com Inc. $CARS
Bank of America Corp DE significantly reduced its stake in Cars.com Inc. by 73.7% in the first quarter, now owning 243,124 shares valued at $1.97 million. Despite this, other institutional investors like Pale Fire Capital SE and Par Capital Management Inc. increased or initiated large positions in the company. Analysts currently have a "Hold" rating on Cars.com, with an average target price of $14.83, following recent downgrades and upgrades from various firms.
CarMax (KMX) Q2 2026 Earnings: Results, Market Reaction & History
CarMax (KMX) reported a disappointing Q2 2026, missing both EPS and revenue estimates due to a surge in credit loss provisions at CarMax Auto Finance. Earnings per diluted share fell 38.07% short of expectations, and revenue contracted 11.8% year over year. The company plans at least $150 million in incremental SG&A reductions and anticipates a gain from a recent non-prime securitization transaction to benefit Q3 results.
1 Consumer Stock Worth Your Attention and 2 We Question
This article analyzes three consumer retail stocks: CarMax (KMX), Williams-Sonoma (WSM), and Boot Barn (BOOT). It recommends caution with CarMax due to weak same-store sales and lower gross margins, and with Williams-Sonoma due to declining revenue and slower earnings growth. Boot Barn, however, is highlighted as a stock to watch due to its offensive expansion, strong same-store sales growth, and promising sales outlook.
Playing the Long Game: CarMax on Turning Fandom Into Brand Loyalty
CarMax CMO Sarah Lane discusses how the company has built brand loyalty by focusing on transparency, acting with integrity, and strategically investing in women's sports. She explains that CarMax's 30-year legacy of disrupting the automotive industry through honesty resonates with consumers, especially as new technologies like LLMs increase access to information. The article highlights CarMax's authentic approach to sports sponsorships, emphasizing player-first storytelling to connect with fans.
Moore Capital Management LP Purchases 84,939 Shares of Carvana Co. $CVNA
Moore Capital Management LP significantly increased its stake in Carvana Co. by 6,806% in the second quarter, now owning 86,187 shares valued at $5.7 million. This comes as institutional investors hold 56.71% of the stock, while corporate insiders have recently sold shares but still retain a 15.19% ownership. Analysts maintain a "Moderate Buy" rating for Carvana, with an average price target of $84.14, following a strong earnings report that beat estimates and showed 52.4% year-over-year revenue growth.
KMX Stock Slumps On DOJ Settlement Over Military Personnel Vehicle Purchase
CarMax (KMX) shares dropped 5% after the U.S. Department of Justice announced a settlement with the used car retailer. The settlement resolves allegations that CarMax illegally repossessed vehicles owned by military members without court orders, requiring CarMax to pay over $420,000 in damages and a civil penalty. This news comes as CarMax reported tough Q3 fiscal year 2026 results with declining unit sales and net earnings, and recently appointed a new CEO.
(KMX) Movement as an Input in Quant Signal Sets
This article analyzes Carmax Inc (NYSE: KMX) using AI models to generate three distinct trading strategies: Position Trading, Momentum Breakout, and Risk Hedging. It highlights strong near and mid-term sentiment, compelling upside potential due to a lack of resistance above the current price, and provides multi-timeframe signal analysis for various holding periods.
The Automotive Aftermarket As a Way of Gauging the Economy's Health
The automotive aftermarket, a $2.65 trillion global industry, serves as a crucial yet often overlooked indicator of economic health. It not only contributes significantly to GDP and provides stable employment but also reflects consumer behavior during economic stress, as seen in delayed maintenance and longer vehicle ownership. The industry offers real-time data on how Americans manage economic pressures, making it a valuable "check engine light" for the economy.
CarGurus, Inc. (NASDAQ:CARG) Given Average Recommendation of "Moderate Buy" by Analysts
CarGurus, Inc. (NASDAQ:CARG) has received a consensus "Moderate Buy" rating from fifteen research firms, with an average 12-month price target of $40.75, surpassing its current share price of $36.36. The company recently exceeded quarterly expectations, reporting $0.66 EPS against a $0.61 consensus and revenue of $250.97 million, marking a 7.2% year-over-year increase. Despite insider stock sales totaling $2.1 million over 90 days, institutional investors hold a significant 86.9% stake in CarGurus.
Gen Alpha Turns 16: New CarMax Survey Reveals the Next Generation of Drivers Is Ready to Get Behind the Wheel
A new CarMax survey indicates that Gen Alpha teens are enthusiastic about driving and obtaining their driver's licenses, a contrast to previous Gen Z trends. The survey highlights that 80% of Gen Alpha teens aged 14-16 either have their license or plan to get it, and a significant majority expect to have access to a vehicle. Despite being digital natives, 86% of these teens value an in-person car shopping experience, including test drives, before a purchase decision is made.
Palestra Capital Management LLC Has $52.37 Million Position in Carvana Co. $CVNA
Palestra Capital Management LLC significantly increased its stake in Carvana Co. (NYSE:CVNA) during the second quarter, nearly doubling its shares to 795,635, valued at approximately $52.37 million. Despite institutional ownership accounting for 56.71% of the stock, analysts maintain a "Moderate Buy" rating with an average price target of $84.14, though some have recently lowered their targets. The article also notes recent insider selling of Carvana shares.
Carvana Co. $CVNA Shares Acquired by Parkwood LLC
Parkwood LLC significantly increased its stake in Carvana Co. (NYSE:CVNA) during the second quarter, acquiring over 134,000 shares. Despite this institutional buying and a "Moderate Buy" consensus rating from analysts, Carvana's shares were down 2.7% at $73.70, while company insiders sold a substantial number of shares. The company reported strong Q2 revenue of $7.38 billion and EPS of $0.42, exceeding analyst estimates.
Sonic Automotive Acquires Porsche Walnut Creek in California
Sonic Automotive Inc. (SAH) has acquired the Porsche Walnut Creek dealership from Fletcher Jones Automotive Group. This acquisition was announced on August 26, 2026, and is part of Sonic Automotive's ongoing expansion efforts in the automotive retail sector. The company's stock was trading at $77.89 USD, showing a 5-day change of -0.97% and a year-to-date change of +25.91%.
No AI, No Problem: 5 Consumer Stocks Quietly Outperforming Nvidia This Year
While Nvidia (NVDA) is making headlines with its Q2 performance, several consumer stocks have quietly surpassed its year-to-date gains. Cheesecake Factory, Victoria's Secret, Cracker Barrel, CarMax, and Airbnb have seen stock increases ranging from 38% to 130% in 2026, driven by factors like strategic changes, strong sales, cost improvements, and renewed investor confidence. This highlights that solid earnings and turnaround stories can outperform even the most high-profile growth stocks.
CARMAX, INC. (KMX) SHAREHOLDER INVESTIGATION ALERT: Bernstein Liebhard Investigates Potential Breaches of Fiduciary Duty
Bernstein Liebhard LLP has launched an investigation into potential breaches of fiduciary duty by directors and officers of CarMax, Inc. (NYSE: KMX). The firm is seeking to determine if the Company's leadership acted in the best interests of shareholders and if legal remedies are warranted. Current CarMax shareholders who purchased shares before June 20, 2025, are encouraged to contact the firm for a confidential consultation.
Bronstein, Gewirtz & Grossman, LLC Encourages CarMax, Inc. (KMX) Shareholders to Inquire about Securities Investigation
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of CarMax, Inc. (NYSE:KMX) investors who purchased securities before June 20, 2025, and still hold them. The investigation aims to determine if CarMax and its officers engaged in corporate wrongdoing. The firm encourages affected investors to contact them for more information, noting that they operate on a contingency fee basis.
CarMax Inc. stock underperforms Tuesday when compared to competitors despite daily gains
CarMax Inc. stock saw gains of 2.26% on Tuesday, closing at $64.22, marking its fifth consecutive day of increases. Despite this, the stock underperformed compared to the broader market, as the S&P 500 Index rose by 0.32% and the Dow Jones Industrial Average gained 0.30% during the same trading session.
CarMax, Inc. (KMX) Lawsuit - Investors Urged to Contact Levi & Korsinsky Before January 2, 2026
Levi & Korsinsky, LLP has filed a securities class action lawsuit against CarMax, Inc. (NYSE:KMX) on behalf of investors who purchased securities between June 20, 2025, and November 5, 2025. The lawsuit alleges that CarMax overstated its growth prospects, which were temporarily inflated by speculation regarding tariffs. Investors who suffered losses are encouraged to contact Levi & Korsinsky for information on potential recovery.
Class Action Lawsuit Alert: Levi & Korsinsky Reminds CarMax, Inc. (KMX) Investors of January 2, 2026 Deadline
Levi & Korsinsky, LLP has announced a securities class action lawsuit against CarMax, Inc. (NYSE:KMX), reminding investors of the January 2, 2026 deadline. The lawsuit alleges that CarMax management made false statements and concealed that the company's growth in fiscal year 2026 was a temporary benefit from customers buying cars due to speculation regarding tariffs. Investors who purchased CarMax securities between June 20, 2025, and November 5, 2025, and suffered losses are encouraged to learn about their rights to seek recovery.
CarMax, Inc. (KMX) Lawsuit - Investors Urged to Contact Levi & Korsinsky Before January 2, 2026
Levi & Korsinsky, LLP has filed a securities class action lawsuit against CarMax, Inc. (KMX) on behalf of investors who purchased securities between June 20, 2025, and November 5, 2025. The lawsuit alleges that CarMax overstated its growth prospects, which were temporarily boosted by tariff speculation, leading to materially false and misleading statements. Investors who suffered losses are urged to contact the firm before January 2, 2026, to explore potential recovery under federal securities laws.
Carvana Jumps 5% as Risk Appetite Returns to High-Beta Names; CarMax and Lithia Motors Inch Higher
Carvana's stock surged 5% midday, reflecting a return of risk appetite towards high-beta names, despite being down 14% year-to-date. This surge outpaced CarMax and Lithia Motors, which saw more modest gains, indicating a rotation into risk rather than a broad retail sector rally. The article highlights that Carvana's e-commerce model and volatile trading profile position it closer to the high-beta technology sector, explaining its significant move on a day when broader risk assets are firm.
Carvana Jumps 5% as Risk Appetite Returns to High-Beta Names; CarMax and Lithia Motors Inch Higher
Carvana (CVNA) surged 5% driven by renewed risk appetite for high-beta stocks, while CarMax (KMX) and Lithia Motors (LAD) saw more modest gains of 2% and 1% respectively. This movement indicates a rotation towards riskier assets, with Carvana's high beta of 3.5 making it a strong performer on days when technology stocks are favored. Despite Carvana's year-to-date losses, its significant daily jump highlights how risk appetite can invert typical performance trends in the auto retail sector.
Breaking News about Precision Optics Corporation, Inc. - Common stock (Nasdaq:POCI)
This article provides recent news and upcoming earnings schedules for Precision Optics Corporation, Inc. (POCI). It lists various past and future earnings report dates, primarily sourced from Benzinga, and also includes a recent Q3 2026 earnings transcript from The Motley Fool. The current stock price and change are noted.
Fossil Group Inc (FOSL) News, Articles, Events & Latest Updates
This page provides a feed of recent news and articles related to Fossil Group Inc (FOSL). It compiles headlines from Zacks, focusing on various retail and wholesale companies, including Victoria's Secret, Revolve Group, Boot Barn, Arhaus, Capri Holdings, Sally Beauty, Stitch Fix, and FIGS, often highlighting growth drivers, technology investments, and market performance comparisons relevant to the sector. The news items touch upon themes like beauty category acceleration, e-commerce growth, AI personalization, and supply chain efficiencies.
Gen Alpha Turns 16: New CarMax Survey Reveals the Next Generation of Drivers Is Ready to Get Behind the Wheel
A new CarMax survey indicates that Gen Alpha, unlike Gen Z, is eager to get their driver's licenses and views driving as a significant milestone offering independence. The research found that 80% of Gen Alpha teens aged 14-16 plan to get their license as soon as legally possible, with 68% excited about driving. Despite being digital natives, 86% expressed a preference for in-person experiences like seeing and test driving a vehicle before purchase.
Four in five Gen Alpha teens already drive or plan to get a license
A new CarMax survey reveals that 80% of Gen Alpha teens (ages 14-16) already have or plan to get their driver's license as soon as legally allowed, with 68% expressing excitement about driving. This generation views a license as a major life milestone driven by a desire for independence, and 95% expect immediate access to a vehicle. Despite being digital natives, 86% find it important to see, sit in, and test drive a car before purchase.
Gen Alpha Turns 16: New CarMax Survey Reveals the Next Generation of Drivers Is Ready to Get Behind the Wheel
A new CarMax survey reveals that Gen Alpha teens, unlike Gen Z, are eager to get their driver's licenses and view it as a major life milestone. The survey found that 80% of Gen Alpha teens aged 14-16 plan to get their license as soon as legally allowed, with 68% excited about driving, primarily for the independence it offers. Despite being digital natives, 86% still prefer an in-person experience for car shopping, emphasizing the importance of seeing, sitting in, and test-driving a vehicle.
122,940 Shares in Cars.com Inc. $CARS Acquired by Globeflex Capital L P
Globeflex Capital L P recently acquired a new position in Cars.com Inc. (NYSE:CARS), purchasing 122,940 shares valued at approximately $1.345 million. This acquisition makes Globeflex Capital L P a 0.23% owner of Cars.com. Other institutional investors have also adjusted their holdings, while company insiders have sold a significant number of shares in recent months.
Jr. Donald Mcgovern Sells 8,000 Shares of Cars.com (NYSE:CARS) Stock
Jr. Donald Mcgovern, a director at Cars.com, sold 8,000 shares of the company's stock for $98,000, reducing his direct holdings by 7.21%. This transaction was disclosed in an SEC filing, and following the sale, he directly owns 102,900 shares. Cars.com shares rose 1.0% to $12.35, and the company reported quarterly earnings that met analyst expectations, with revenue up 0.7% year-over-year.
CarMax Inc. stock underperforms Monday when compared to competitors despite daily gains
CarMax Inc. (KMX) stock rose 1.08% on Monday, closing at $62.80, marking its fourth consecutive day of gains. Despite this rise, the stock underperformed compared to some competitors, as the broader market saw a mixed session with the Dow Jones Industrial Average rising and the S&P 500 Index falling.
CarMax Insiders Placed Bullish Bets Worth US$1.86m
This article details recent insider buying activity at CarMax, where insiders purchased US$1.86 million worth of shares over the last year. While there's been some selling, the significant buying suggests a bullish outlook from those closest to the company. The article also provides context on CarMax's financial performance, analyst ratings, and share price movements.
CarMax Insiders Placed Bullish Bets Worth US$1.86m
The article discusses recent bullish bets made by CarMax insiders, totaling US$1.86 million. This activity suggests that those with intimate knowledge of the company's operations have a positive outlook on its future performance. The focus is on the significance of insider trading as an indicator for potential investors.
Bronstein, Gewirtz & Grossman, LLC Is Investigating CarMax, Inc. (KMX) And Encourages Shareholders to Connect
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against CarMax, Inc. (KMX) on behalf of investors who purchased securities before June 20, 2025. The investigation aims to determine if CarMax and its officers engaged in corporate wrongdoing. The firm encourages affected shareholders to connect with them for more information.
CarMax Inc. stock outperforms competitors on strong trading day
CarMax Inc. (KMX) stock rose 1.77% on Friday, closing at $62.13, outperforming the broader market as the S&P 500 and Dow Jones Industrial Average also saw gains. This marks the third consecutive day of increases for CarMax's stock.
Universal Technical Institute to open first Georgia campus
Universal Technical Institute (UTI) is set to open its first Georgia campus in Smyrna, a 117,000-square-foot facility designed to train up to 1,500 students. The campus will offer programs in automotive, diesel, aviation, robotics, automation, electrical, HVACR, and welding. This initiative aims to bolster workforce development in metro Atlanta and address the demand for skilled trade workers, benefiting regional employers such as CarMax, Cox, Klein Tools, and NAPA.
Universal Technical Institute to open first Georgia campus
Universal Technical Institute (UTI) is opening its first Georgia campus in Smyrna, a 117,000-square-foot facility expected to serve up to 1,500 students. The campus will offer training in various skilled trades like automotive, diesel, aviation, robotics, and HVACR. This initiative aims to support workforce development in metro Atlanta and meet the demand for skilled workers, benefiting regional employers such as CarMax and NAPA.
CarMax stock hits 52-week high at 62.57 USD By Investing.com
CarMax stock has reached a new 52-week high of $62.57, reflecting a significant recovery and investor confidence in the used car retail market, despite concerns about its premium valuation and weak gross profit margins. This milestone follows better-than-expected first-quarter results and several analyst upgrades, indicating growing optimism for the company's future trajectory. Investors can find further insights and over 10 additional InvestingPro Tips by exploring the comprehensive Pro Research Report available for CarMax and other US equities.
CarMax stock hits 52-week high at 62.57 USD
CarMax stock reached a 52-week high of $62.57, reflecting a significant recovery and investor confidence, despite trading above its Fair Value with weak gross profit margins. Recent analyst updates from UBS, Benchmark, JPMorgan, and Barclays indicate growing optimism due to better-than-expected Q1 results and improved sales trends, leading to adjusted ratings and price targets. This performance highlights the company's resilience and strategic initiatives in the automotive industry.
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against CarMax, Inc. (KMX) And Encourages Shareholders to Reach Out
Bronstein, Gewirtz & Grossman, LLC has initiated an investigation into potential corporate wrongdoing by CarMax, Inc. (NYSE: KMX) and certain of its officers and/or directors. The firm is encouraging shareholders who purchased CarMax securities before June 20, 2025, and still hold them, to contact them to assist in the investigation. The investigation aims to restore investor capital and ensure corporate accountability.
Carvana ships new Jeeps and Rams to customers all over the country
Carvana, known for its used car sales, has significantly expanded its business into new car sales, specifically Chrysler, Dodge, Jeep, and Ram vehicles. The company is leveraging its existing nationwide logistics network to deliver these new cars to customers, often located far from traditional dealerships. This new venture highlights Carvana's experimental approach and its growing presence in the automotive market.
CarMax Inc. stock outperforms competitors on strong trading day
Shares of CarMax Inc. (KMX) advanced 3.56% to $61.05 on Thursday, outperforming the broader stock market, which experienced a poor trading session. The S&P 500 Index fell 0.87%, and the Dow Jones Industrial Average dropped 1.32%. This marks the second consecutive day of gains for CarMax stock.
CarMax Rises as Investors Extend a Favorable Post-Earnings Re-rating
CarMax (KMX) saw its stock rise by 3.6% today, attributed to continued positive investor sentiment following a strong June quarterly report and subsequent analyst upgrades. The company's recent first-quarter fiscal 2027 results, including a 6.2% revenue increase and reduced SG&A expenses, coupled with a new four-pillar strategy, have contributed to a re-rating of the shares. Analyst upgrades from Barclays and J.P. Morgan, along with new customer-service technology announcements, further reinforce confidence in CarMax's operational execution and growth strategy.
Class Action Filed Against CarMax, Inc. (KMX) Over Securities Violations – Contact Levi & Korsinsky Today
Levi & Korsinsky, LLP has filed a securities class action lawsuit against CarMax, Inc. (NYSE:KMX) on behalf of investors who purchased securities between June 20, 2025, and November 5, 2025. The lawsuit alleges that CarMax overstated its growth prospects, which were temporarily boosted by speculation regarding tariffs, leading to materially false and misleading statements. Shareholders who suffered losses are encouraged to contact Levi & Korsinsky to learn about their rights to seek recovery.
Is Fossil Group (FOSL) Outperforming Other Retail-Wholesale Stocks This Year?
Fossil Group (FOSL) has significantly outperformed its Retail-Wholesale peers this year, with a year-to-date return of 51.3% compared to the sector's 5.3% average. The company holds a Zacks Rank of #2 (Buy), driven by a 73.3% increase in its full-year earnings consensus estimate over the past 90 days. Another strong performer in the sector is CarMax (KMX), with a 52.6% year-to-date return and a Zacks Rank #1 (Strong Buy).
CarMax Inc. stock underperforms Wednesday when compared to competitors despite daily gains
CarMax Inc. (KMX) stock rose 2.70% on Wednesday, closing at $58.95, despite underperforming compared to broader market indices like the S&P 500 and Dow Jones Industrial Average. This daily gain snapped a three-day losing streak for the company's shares.
Cars.com Inc. (NYSE:CARS) Receives Average Recommendation of "Hold" from Analysts
Cars.com Inc. (NYSE:CARS) has received an average "Hold" recommendation from eight analysts, with a 12-month average price target of $14.83, above its current $11.82 share price. The company recently reported quarterly earnings of $0.51 per share, matching consensus, and revenue of $179.93 million, which was slightly below estimates but represented a 0.7% year-over-year increase. Institutional investors hold a significant 89.15% stake, while insider trading saw CFO Sonia Jain reduce her position by selling 52,579 shares.
Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against CarMax, Inc. (KMX) and Encourages Shareholders to Learn More About the Investigation
Bronstein, Gewirtz & Grossman, LLC has initiated an investigation into potential corporate wrongdoing by CarMax, Inc. (KMX). The law firm is encouraging shareholders who purchased CarMax securities before June 20, 2025, and still hold them, to join the investigation. The firm operates on a contingency fee basis, seeking reimbursement for expenses and fees only if successful.
CarMax Inc. stock outperforms competitors despite losses on the day
CarMax Inc. (KMX) saw its stock decline by 1.93% to $57.40, marking its third consecutive day of losses, despite the broader market also experiencing a downturn with the S&P 500 Index and Dow Jones Industrial Average falling. This performance indicates that CarMax still outperformed its competitors relative to the overall market slide.
CARMAX, INC. (KMX) SHAREHOLDER INVESTIGATION ALERT: Bernstein Liebhard Investigates Potential Breaches of Fiduciary Duty
Bernstein Liebhard LLP has announced an investigation into CarMax, Inc. (NYSE: KMX) regarding potential breaches of fiduciary duty by its directors and officers. The firm is seeking to determine if CarMax's leadership acted in shareholders' best interests and encourages current shareholders, especially those who purchased shares before June 20, 2025, to contact them to discuss their legal rights. This investigation aims to explore possible legal remedies for shareholders.
