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: CarMax is a short idea at JPMorgan as broker anticipates disappointing tax refund season

Used car retailer CarMax was recommended as a short idea at JPMorgan on the view that volumes are likely to disappoint this spring. Read More...

Used car retailer CarMax was recommended as a short idea at JPMorgan on the view that volumes are likely to disappoint this spring.

CarMax KMX, which already was rated underweight by analyst Rajat Gupta, is likely to experience disappointing volumes during the spring and tax refund season, the analyst said.

With new-car inventory building,…

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