BUZZ-街景：CarMax 第二季度利润下滑预示结构性挑战

路透中文

Sep 26

BUZZ-街景：CarMax 第二季度利润下滑预示结构性挑战

9月26日 - ** 二手车零售商CarMax KMX.N周四报告称， (link)，第二季度利润下降，原因是库存过剩和价格下跌影响了利润率。

** 周四股价暴跌20

投资者信心动摇

** 摩根大通（J.P. Morgan）("中性"，交易价：50美元) 称，CarMax面临结构性挑战，盈利疲软，市场份额下降；称竞争对手Carvana CVNA.N表现优异

** Truist Securities("买入"，目标价：47 美元) 认为，销售额下降可能反映了早期需求的拉动，但 CVNA 市场份额的不断扩大以及定价和客户认知方面的挑战是更大的担忧。

** Needham("买入"，目标价：60 美元) 称，KMX 积累了太多库存，进而导致降价。券商称，这打击了销售量和单位利润，造成了投资者以前见过的负面循环。

** RBC("跑赢大盘"，目标价：59美元) 称，投资者正在寻求澄清，业绩疲软是公司特有的问题，还是更广泛的经济信号。

(为便利非英文母语者，路透将其报导自动化翻译为数种其他语言。由于自动化翻译可能有误，或未能包含所需语境，路透不保证自动化翻译文本的准确性，仅是为了便利读者而提供自动化翻译。对于因为使用自动化翻译功能而造成的任何损害或损失，路透不承担任何责任。)

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Morgan）(\"中性\"，交易价：50美元) 称，CarMax面临结构性挑战，盈利疲软，市场份额下降；称竞争对手<a href=\"https://laohu8.com/S/CVNA\">Carvana</a> <span>CVNA.N</span>表现优异</p><p>** Truist Securities(\"买入\"，目标价：47 美元) 认为，销售额下降可能反映了早期需求的拉动，但 CVNA 市场份额的不断扩大以及定价和客户认知方面的挑战是更大的担忧。</p><p>** Needham(\"买入\"，目标价：60 美元) 称，KMX 积累了太多库存，进而导致降价。券商称，这打击了销售量和单位利润，造成了投资者以前见过的负面循环。</p><p>** RBC(\"跑赢大盘\"，目标价：59美元) 称，投资者正在寻求澄清，业绩疲软是公司特有的问题，还是更广泛的经济信号。</p><p>(为便利非英文母语者，路透将其报导自动化翻译为数种其他语言。由于自动化翻译可能有误，或未能包含所需语境，路透不保证自动化翻译文本的准确性，仅是为了便利读者而提供自动化翻译。对于因为使用自动化翻译功能而造成的任何损害或损失，路透不承担任何责任。)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-街景：CarMax 第二季度利润下滑预示结构性挑战</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-街景：CarMax 第二季度利润下滑预示结构性挑战\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1098195322\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">路透中文 </p>\n<p class=\"h-time\">2025-09-26 22:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-街景：CarMax 第二季度利润下滑预示结构性挑战</title></head><body><p>\n<span>9月26日</span><span> - </span>** 二手车零售商CarMax <span>KMX.N</span>周四报告称， (<span>link</span>)，第二季度利润下降，原因是库存过剩和价格下跌影响了利润率。</p><p>** 周四股价暴跌20 </p><p>投资者信心动摇</p><p>** <a href=\"https://laohu8.com/S/JPM\">摩根大通</a>（J.P. Morgan）(\"中性\"，交易价：50美元) 称，CarMax面临结构性挑战，盈利疲软，市场份额下降；称竞争对手<a href=\"https://laohu8.com/S/CVNA\">Carvana</a> <span>CVNA.N</span>表现优异</p><p>** Truist Securities(\"买入\"，目标价：47 美元) 认为，销售额下降可能反映了早期需求的拉动，但 CVNA 市场份额的不断扩大以及定价和客户认知方面的挑战是更大的担忧。</p><p>** Needham(\"买入\"，目标价：60 美元) 称，KMX 积累了太多库存，进而导致降价。券商称，这打击了销售量和单位利润，造成了投资者以前见过的负面循环。</p><p>** RBC(\"跑赢大盘\"，目标价：59美元) 称，投资者正在寻求澄清，业绩疲软是公司特有的问题，还是更广泛的经济信号。</p><p>(为便利非英文母语者，路透将其报导自动化翻译为数种其他语言。由于自动化翻译可能有误，或未能包含所需语境，路透不保证自动化翻译文本的准确性，仅是为了便利读者而提供自动化翻译。对于因为使用自动化翻译功能而造成的任何损害或损失，路透不承担任何责任。)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0289960550.SGD","symbol_name":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250926:nL3S3VD0V4:1","article_id":"2570882924","we_media_id":"1098195322","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2570882924","pubTimestamp":1758897070,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"路透中文","introduction":"路透中文","home_visible":1,"id":"1098195322","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"9月26日 - ** 二手车零售商CarMax KMX.N周四报告称， ，第二季度利润下降，原因是库存过剩和价格下跌影响了利润率。(为便利非英文母语者，路透将其报导自动化翻译为数种其他语言。由于自动化翻译可能有误，或未能包含所需语境，路透不保证自动化翻译文本的准确性，仅是为了便利读者而提供自动化翻译。对于因为使用自动化翻译功能而造成的任何损害或损失，路透不承担任何责任。","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4214":"汽车零售","BK4503":"景林资产持仓","CVNA":"Carvana Co.","BK4548":"巴美列捷福持仓","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","KMX":"车美仕"},"translate_title":"BUZZ-Street View: CarMax's Q2 Profit Slump Heralds Structural Challenges","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVNA":0.9,"KMX":0.9},"content_text":"BUZZ-街景：CarMax 第二季度利润下滑预示结构性挑战\n9月26日 - ** 二手车零售商CarMax KMX.N周四报告称， (link)，第二季度利润下降，原因是库存过剩和价格下跌影响了利润率。** 周四股价暴跌20 投资者信心动摇** 摩根大通（J.P. Morgan）(\"中性\"，交易价：50美元) 称，CarMax面临结构性挑战，盈利疲软，市场份额下降；称竞争对手Carvana CVNA.N表现优异** Truist Securities(\"买入\"，目标价：47 美元) 认为，销售额下降可能反映了早期需求的拉动，但 CVNA 市场份额的不断扩大以及定价和客户认知方面的挑战是更大的担忧。** Needham(\"买入\"，目标价：60 美元) 称，KMX 积累了太多库存，进而导致降价。券商称，这打击了销售量和单位利润，造成了投资者以前见过的负面循环。** RBC(\"跑赢大盘\"，目标价：59美元) 称，投资者正在寻求澄清，业绩疲软是公司特有的问题，还是更广泛的经济信号。(为便利非英文母语者，路透将其报导自动化翻译为数种其他语言。由于自动化翻译可能有误，或未能包含所需语境，路透不保证自动化翻译文本的准确性，仅是为了便利读者而提供自动化翻译。对于因为使用自动化翻译功能而造成的任何损害或损失，路透不承担任何责任。)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}