On June 17, 2026, Old Dominion Freight Line Inc ODFL shares fell 5.7% to a current price of $218.36. The stock has exhibited a range of performance over the past year, with a 52-week high of $252.03 and a low of $126.01. The recent decline follows a 39.6% year-to-date increase, showcasing both the volatility and potential growth of the stock.
GF Value™ verdict: The current price of $218.36 is 18.9% above the GF Value™ estimate of $183.61, indicating the stock is overvalued.GF Score™: ODFL has a strong GF Score™ of 93/100, suggesting it has solid fundamentals and potential for long-term returns.Most notable signal: The financial strength of ODFL is rated at a perfect 10/10, highlighting its robust financial position. Is ODFL Overvalued or Undervalued? Old Dominion Freight Line Inc's current price of $218.36 is significantly above its GF Value™ of $183.61, marking the stock as 18.9% overvalued. This valuation suggests that the market may be pricing in overly optimistic growth expectations or that the stock has experienced excessive upward momentum. The GF Valuation label categorizes ODFL as Modestly Overvalued, indicating that while the company possesses strong fundamentals, the current price may not accurately reflect its intrinsic value.
The margin of safety, defined as the difference between the intrinsic value and the market price, is negative in this case, posing a risk for potential investors. If the market corrects itself, ODFL's stock price could decline, leading to potential losses for shareholders. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does ODFL's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 45.7x 32.9x Forward P/E 40.2x N/A Old Dominion Freight Line's current P/E (TTM) of 45.7x is substantially higher than its 5-year median P/E of 32.9x, indicating that the stock is trading at a premium compared to its historical valuation. This analysis aligns with the GF Value™ verdict, reinforcing the conclusion that ODFL is overvalued based on its historical performance metrics.
What Does ODFL's GF Score™ Tell Us? Metric Rating GF Score™ 93 Financial Strength 10/10 Profitability 9/10 Growth 9/10 Valuation 5/10 Momentum 10/10 The GF Score™ for Old Dominion Freight Line Inc is an impressive 93/100, highlighting its strong fundamentals across several critical dimensions. The company excels in Financial Strength (10/10), Profitability (9/10), Growth (9/10), and Momentum (10/10). However, the Valuation rank of 5/10 indicates that, while the company's financial and operational metrics are strong, its current market valuation may not align with these strengths, contributing to the assessment of being overvalued.
What Are Insiders Doing with ODFL Stock? In the past three months, insiders have sold a total of $4.2 million worth of ODFL stock without any buying activity reported. This pattern of selling could indicate a lack of confidence among insiders regarding the stock's current valuation or future performance. Insider selling may signal that those with the most intimate knowledge of the company's operations believe that the stock is currently priced too high.
What This Means for Investors Based on the analysis of GF Value™, ODFL is currently overvalued at a price of $218.36 compared to its intrinsic value estimate of $183.61. Investors should approach ODFL with caution, given the significant premium over its GF Value™ and the recent insider selling activity.
For the complete analysis, visit the Old Dominion Freight Line Inc ODFL stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is ODFL's GF Score™?
ODFL has a GF Score™ of 93/100, indicating strong fundamentals and the potential for long-term returns based on key financial metrics.
Is ODFL overvalued or undervalued?
ODFL is currently overvalued, with a GF Value™ estimate of $183.61 compared to its market price of $218.36, suggesting a premium that may not be justified by its fundamentals.
What is ODFL's P/E ratio?
ODFL's P/E ratio is 45.7x (TTM), which is significantly above its 5-year median P/E of 32.9x, indicating that the stock is trading at a premium compared to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Shares in Old Dominion Freight Line (ODFL +1.23%) declined by 11.9% last week after a downgrade from a Citi analyst. Even though the price rose to $228 from $225, the analyst downgraded the stock to sell from neutral.
The freight company is known for being a high-quality operator in the niche less-than-truckload (LTL) market in the U.S. The LTL market involves moving shipments that are too large for package delivery companies, such as UPS and FedEx, but too small to fill a trailer. It's a relatively complex operation as its trailers are often filled with shipments for multiple customers, implying sophisticated logistics and multiple network terminals.
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That said, it's still a market whose end demand fluctuates with freight growth. The good news is there are signs that the market is set to turn up in 2026. As previously discussed, leading industry freight data has already turned positive month over month and is likely to deliver year-over-year growth in due course.
The issue, at least from the stock's perspective, is that much of the good news appears to be already priced into the sector, with Old Dominion's stock still up 41% so far this year. As such, the analyst's call appears to reflect a valuation matter rather than any view on market direction, not least because shipment data and manufacturing sentiment indices continue to show improvement.
ODFL EV to EBITDA data by YCharts
Where next for Old Dominion stock? The outlook is improving, but valuations look toppy, all of which suggests Old Dominion is an excellent stock to monitor with a view to buying on any extended weakness. As such, the Citi analyst downgrade may actually encourage more investors to take a look at the stock.
Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Old Dominion Freight Line and United Parcel Service. The Motley Fool recommends FedEx. The Motley Fool has a disclosure policy.
Key Takeaways PLTR is among the five tech laggards highlighted despite XLK's 33.2% year-to-date gain.TEAM's AI-powered Rovo platform and automation tools are driving premium and enterprise growth.U is seeing ad revenue gains, expanding AI tools and improved margins supporting investment. U.S. stock markets have been witnessing an astonishing bull run supported by artificial intelligence (AI) trade. For the past three and a half years, AI trade has single-handedly driven Wall Street.
Consequently, the technology sector is flourishing this year. The Information Technology Select Sector SPDR (XLK), one of the 11 broad-sectors of the S&P 500 Index, is the best-performing sector with a return of 33.2% year to date.
Despite these positives, several technology stocks have provided double-digit negative returns this year. Here, we have identified five such technology stocks with a favorable Zacks Rank that have significantly lagged in 2026. However, these stocks have room for growth in the near future.
These are: Palantir Technologies Inc. (PLTR - Free Report) , Atlassian Corp. (TEAM - Free Report) , Toast Inc. (TOST - Free Report) , Unity Software Inc. (U - Free Report) and Roper Technologies Inc. (ROP - Free Report) . Each of our picks currently carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our five picks year to date.
Image Source: Zacks Investment Research
Palantir Technologies Inc.Zacks Rank #2 Palantir Technologies’ AI strategy is comprehensive, combining its proprietary Foundry and Gotham platforms with a solid plan to promote AI adoption across both government and commercial sectors.
PLTR’s AI Platform (AIP) is the backbone of these capabilities, enabling organizations to process large datasets and derive real-time insights. This is especially valuable in sectors requiring extensive data integration, such as defense, healthcare, finance and intelligence, where operational efficiency and decision-making speed are critical.
In the government sector, Palantir is aligning its AI strategy with U.S. defense priorities. Its work in high-profile initiatives, such as the Department of Defense’s Open DAGIR project, highlights its ability to modernize military operations through AI-driven solutions where data interoperability and real-time decision-making capabilities are imperative. These capabilities solidify PLTR’s position as a key player in the defense sector.
In the commercial space, Palantir’s AIP boot camps — providing hands-on experience to over 1,000 companies — have proven instrumental in customer acquisition. Boot camps showcase the platform’s capabilities and demonstrate its adaptability across logistics, manufacturing, and supply-chain management. PLTR’s core customer base comprises businesses seeking tailored AI/ML services, particularly large government and corporate clients willing to invest heavily in its systems.
Palantir has an expected revenue and earnings growth rate of 71.8% and 98.7%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 11.2% over the last 60 days.
Atlassian Corp.Zacks Rank #1 Atlassian’s AI-powered capabilities are seeing rapid adoption. TEAM’s AI-powered Rovo platform and automation tools are driving significant growth in premium and enterprise editions, demonstrating high demand for AI-enhanced workflows.
Atlassian has been continuously adding millions of monthly active users to Rovo and saw Rovo customers growing their ARR two times faster than customers not using Rovo. Investments in multi-model AI strategies and advanced search capabilities further differentiate TEAM’s offerings in an increasingly competitive landscape.
TEAM’s latest focus on adding generative AI features to some of its collaboration software is likely to drive the top line over the long run. The company has collaborated with OpenAI to enhance the capabilities of its Confluence, Jira Service Management and other programs with generative AI features.
Atlassian has an expected revenue and earnings growth rate of 13.3% and 10.8%, respectively, for the next year (ending June 2027). The Zacks Consensus Estimate for next year’s earnings has improved 13.3% over the last 60 days.
Toast Inc.Zacks Rank #1 Toast operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, India, and internationally. TOST builds software which helps restaurants manage online orders and dine-in orders, operate an on-demand delivery network and integrate payments.
TOST offers a platform of software-as-a-service for restaurant operations and point of sale, such as Toast POS, Toast IQ - a conversational AI, vendor management, multi-location management, kitchen display system, online ordering and delivery.
Toast has an expected revenue and earnings growth rate of 20% and 51.7%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 0.7% over the last seven days.
Unity Software Inc.Zacks Rank #2 Unity Software’s Strategic Grow is benefiting from Vector’s improving prediction and measurement, lifting strategic ad revenues and customer returns. Unity expects momentum to carry into second-quarter 2026, with runtime behavioral data beginning to influence live models later in the quarter.
Create is steadier as subscriptions and consumption expand, aided by Unity AI, web workflows and early commerce capabilities that broaden monetization options. Margin performance has improved, and liquidity is ample, supporting AI investment while addressing upcoming converts over 2026 without sacrificing the roadmap.
Unity AI entered public beta in early May 2026 as an integrated agent tuned for Unity workflows. The company is also expanding web and commerce tooling that helps developers manage catalogs, pricing and payments across mobile, web and PC, creating additional monetization touchpoints.
Unity Software has an expected revenue and earnings growth rate of 13.9% and 19.8%, respectively, for the current year. The Zacks Consensus Estimate for the current-year earnings has improved 0.4% in the last 60 days.
Roper Technologies Inc.Zacks Rank #2 Roper Technologies is benefiting from strength across its segments. Momentum across the Deltek, Vertafore, PowerPlan and Aderant businesses is aiding the Application Software segment. Solid performance of the ConstructConnect, Subsplash and SoftWriters businesses is boosting the Network Software segment’s performance.
Strength across the Neptune and NDI businesses augurs well for the Technology Enabled Products unit. ROP’s bullish forecast for 2026 sparks optimism. ROP is carrying out successive acquisitions to expand its operations. It is worth noting that acquisitions boosted the company’s sales by 5% in the first quarter of 2026.
Roper Technologies has an expected revenue and earnings growth rate of 8.1% and 9.7%, respectively, for the current year. The Zacks Consensus Estimate for the current-year earnings has improved 2.2% in the last 60 days.
Atlassian has declined 37% since my last coverage, yet I maintain a Buy rating. Despite AI-driven market fears, TEAM's fundamentals have improved and revenue growth has accelerated over the past year. I view the AI threat as overblown; TEAM leverages AI to enhance its collaborative ecosystem rather than being disrupted.
Atlassian (TEAM) is upgraded to a strong buy as resilient growth and margin expansion defy AI-driven pessimism and depressed valuations. TEAM delivered 32% YoY revenue growth and over 800 bps non-GAAP operating margin expansion, significantly beating guidance and consensus expectations. Management sees no evidence of AI-induced seat compression, instead reporting record competitive wins and a commitment to accelerating GAAP profitability in FY27.
Atlassian (TEAM - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Atlassian is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Atlassian, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for AtlassianFor the fiscal year ending June 2026, this company is expected to earn $5.48 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Atlassian. Over the past three months, the Zacks Consensus Estimate for the company has increased 14620%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Atlassian to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Key Takeaways NIKE leads global athletic footwear, while Steven Madden targets fashion footwear and accessories.NKE's turnaround shows early signs, but sportswear, China, tariffs and promotions remain concerning.SHOO's revenues rose 18%, DTC surged 83.8% and 2026 estimates point to stronger growth. In the highly competitive global footwear and fashion industry, few companies illustrate contrasting paths to success better than NIKE, Inc. (NKE - Free Report) and Steve Madden Ltd. (SHOO - Free Report) . While both brands have built strong consumer followings and established recognizable identities, they operate at vastly different scales and occupy distinct positions within the market.
NIKE stands as the world's largest athletic footwear and apparel company, commanding a dominant share of the global sportswear market through its innovation-driven strategy, premium branding and extensive international reach. Steve Madden, in contrast, has carved out a profitable niche in the fashion footwear segment, leveraging trend-focused designs, accessible pricing and a diversified portfolio of lifestyle brands.
NIKE’s business is deeply rooted in performance athletics, apparel and direct-to-consumer retail, while Steve Madden primarily focuses on fashion footwear, accessories and licensing operations aimed at style-conscious consumers.
As investors and industry observers evaluate opportunities within the footwear sector, understanding how NIKE and Steve Madden compare in terms of market share, brand strength, financial scale and strategic positioning provides valuable insight into their long-term growth prospects and ability to navigate evolving consumer trends.
The Case for NKENike’s investment case rests on unmatched scale, powerful brand equity and leadership in global athletic footwear, wherein it commands an estimated mid-20% market share. Its portfolio spans Nike, Jordan, Converse and ACG, serving athletes, sneaker consumers and lifestyle shoppers across running, basketball, football, training and sportswear.
Management’s turnaround is showing early proof points. Nike Running grew more than 20% in third-quarter fiscal 2026, North America returned to growth, wholesale rose 1%, and revenues of $11.28 billion and earnings per share (EPS) of 35 cents beat expectations. The company is shifting from a Nike Direct-first model to a more balanced marketplace, rebuilding wholesale partnerships, improving digital execution and leaning into innovation platforms such as Nike Mind, Liquid Air Max and Aero-FIT.
However, key headwinds remain centered on NIKE’s turnaround execution. Sportswear remains weak, China is under pressure, EMEA is promotional, and tariffs hurt North America's gross margin. Key headwinds remain centered on NIKE’s turnaround execution. Sportswear is still declining in the double digits, digital remains highly promotional, sell-through is below plan, and EMEA faces elevated inventory and markdown pressure.
Greater China is another major drag, with NIKE intentionally reducing sell-in to clean up channels and restore full-price demand. Tariffs remain a marginal burden, cutting North America's gross margin by roughly 300 basis points (bps) in third-quarter fiscal 2026. These pressures make the recovery promising, but still fragile.
The Case for SHOOSteven Madden presents a compelling investment case as a leading player in the fashion footwear market, commanding an estimated low-single-digit share of the U.S. footwear industry while maintaining strong relevance in women’s fashion footwear and accessories. The company’s portfolio includes the flagship Steven Madden brand, Dolce Vita and Kurt Geiger, enabling it to address multiple consumer segments across footwear, handbags, apparel and accessories. Its trend-driven product strategy, targeting fashion-conscious millennials and Gen Z consumers, continues to strengthen brand equity and market positioning.
The company’s execution remains impressive. First-quarter 2026 revenues rose 18% year over year to $653.1 million, while the adjusted EPS of 45 cents surpassed expectations. Direct-to-consumer revenues surged 83.8%, aided by Kurt Geiger, while organic DTC sales increased 8%. Digital innovation, omnichannel marketing and increased social-media investments have boosted customer engagement, with online searches for the Steven Madden brand rising 27% in the quarter. Management also raised its full-year revenue guidance to 10-12% growth, reflecting strong momentum across Steven Madden, Dolce Vita and Kurt Geiger.
Tariff dynamics remain a key consideration. Management has incorporated a 10% tariff through July and a 15% tariff thereafter into its outlook, while higher freight costs are expected to create 30 bps of margin pressure. Nevertheless, Steven Madden’s diversified sourcing model, pricing flexibility and strong brand demand position it well to navigate these challenges. The company’s expanding international footprint, growing DTC business and disciplined brand-building strategy support its long-term growth outlook despite near-term macroeconomic and tariff-related uncertainties.
How Does the Zacks Consensus Estimate Compare for NKE & SHOO?The Zacks Consensus Estimate for NIKE’s fiscal 2026 sales implies year-over-year growth of 0.1%, while the same for EPS indicates a decline of 31%. The EPS estimate has been unchanged in the past 30 days.
The Zacks Consensus Estimate for Steven Madden’s 2026 sales and EPS suggests year-over-year growth of 11.7% and 22.9%, respectively. The EPS estimate has moved up 1.5% in the past 30 days.
NIKE’s estimate trend appears muted, with sales growth barely positive and earnings under pressure, reflecting ongoing turnaround challenges. In contrast, Steven Madden shows stronger momentum, with expectations pointing to solid sales and earnings growth, supported by upward estimate revisions. This gives Steven Madden a clearer near-term earnings advantage over NIKE.
Price Performance & Valuation of NKE & ADDYYIn the past year, NIKE shares have declined 24.3%, while Steven Madden has rallied 91.9%.
From a price-performance perspective, Steven Madden has significantly outpaced NIKE, reflecting stronger investor confidence in its growth trajectory and execution.
NIKE is trading at a forward price-to-earnings (P/E) multiple of 23.9X, below its median of 28.85X in the last five years. Steven Madden’s forward P/E multiple sits at 18.5X, above its median of 14.74X in the last five years.
While NIKE trades below its historical valuation norms amid turnaround uncertainties, Steven Madden continues to command a more attractive valuation relative to its growth prospects. Despite trading above its long-term average multiple, Steven Madden appears better-positioned, supported by robust momentum, improving fundamentals and a valuation that remains reasonable relative to its earnings growth outlook.
NKE vs. SHOO: Which Is the Better Bet Now?While NIKE remains the industry leader with unmatched scale, brand strength and innovation capabilities, its turnaround efforts are still facing meaningful operational and market challenges. Steven Madden, in contrast, is benefiting from stronger business momentum, healthy consumer demand and a diversified brand portfolio that continues to gain traction across channels and markets.
For investors seeking a combination of growth, valuation and stock performance, Steven Madden emerges as the winner in this face-off. The company has delivered superior shareholder returns, offers a more attractive valuation relative to its growth prospects and enjoys stronger earnings momentum. The company’s upward revisions to estimates further signal growing confidence in its earnings outlook, reinforcing Steven Madden’s position as the more compelling investment opportunity at present.
SHOO currently carries a Zacks Rank #3 (Hold), whereas NIKE has a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Esab (ESAB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +24% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Carpenter Technology (CRS - Free Report) Philadelphia, PA-based Carpenter Technology Corporation is a producer and distributor of premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels as well as drilling tools. The company’s provides solutions for critical applications across diversified end-use markets - Aerospace and Defense (accounting for around 50.1% of the company’s revenues), Energy (5.3%), Transportation (3%), Medical (10.3%), Industrial and Consumer (12.3%) and Distribution (2.9%).
CRS is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Basic Materials stock. CRS has a Momentum Style Score of A, and shares are up 36.4% over the past four weeks.
For fiscal 2026, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.26 to $10.56 per share. CRS boasts an average earnings surprise of +9%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CRS should be on investors' short list.
Samsara (IOT +0.38%) is growing fast, winning larger customers, and building a new growth lane around Operational Artificial Intelligence. But with growth expected to cool and the stock still carrying a steep valuation, investors face a difficult question: can the company grow fast enough to justify the price?
Stock prices used were the market prices of June 12, 2026. The video was published on June 19, 2026.
Rick Orford has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Samsara. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The produced-water treatment pilot facility is a Joint Industry Project (JIP) between Western Midstream, Chevron, ConocoPhillips, Devon, and ExxonMobil. The facility is designed to produce approximately 1,000 barrels per day of reclaimed freshwater – ten times the amount of JIP 1. The facility's water output is expected to contribute to long-term water security in West Texas. , /PRNewswire/ -- Today, Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership"), alongside its Joint Industry Project (JIP) collaborators Chevron U.S.A. Inc. ("Chevron"), ConocoPhillips Company ("ConocoPhillips"), Devon Energy Corporation ("Devon"), and Exxon Mobil Corporation ("ExxonMobil"), announced the start-up of its second produced-water treatment pilot facility ("JIP 2") near Red Bluff Reservoir in Reeves County, Texas. The facility is designed to receive 2,000 barrels per day of produced water and produce approximately 1,000 barrels per day of reclaimed freshwater, or approximately ten times the amount produced by JIP 1. This new facility builds upon the success of JIP 1 (described below) which evaluated and field-tested multiple produced-water treatment technologies to select preferred, high-performing solutions for ongoing operations.
In 2023, WES and its collaborators created JIP 1, a small-scale pilot site in West Texas, to evaluate and measure technologies needed to commercialize beneficial use of produced water in the Permian Basin. During the 24-month project, technical experts at WES and its collaborators collected over 50,000 water quality data points to demonstrate a treatment process that can consistently produce water quality suitable for end-use applications that include industrial cooling, irrigation, and surface discharge.
The JIP 2 facility will also serve as a demonstration site, enabling continued optimization of operations while validating consistent reclaimed freshwater production for a range of end-use applications. Insights and data collected from JIP 2 will guide the next phase of commercial-scale desalination facilities. WES and its JIP collaborators will continue to work closely with regulators, local communities, and independent experts to further validate the treatment process and confirm water quality outcomes. These investments are aimed at reducing industry disposal volumes while developing a potential alternative water source benefiting industry and surrounding communities.
"The start-up of JIP 2 marks a pivotal milestone in our journey to transform a produced-water stream from a disposal challenge into a valuable resource for the Permian Basin and beyond," said Oscar K. Brown, President and Chief Executive Officer of WES. "Through our multi-barrier treatment approach, we are transforming that stream into highly treated reclaimed freshwater suitable for industrial cooling and irrigation applications, while helping reduce pressure on Texas' limited water resources. WES already handles approximately 3.0 million barrels per day of produced water using all of today's oil and gas flow-assurance solutions: water sourcing, recycling, gathering, long-haul transportation, and disposal, and we believe beneficial reuse will be the next major solution to the Permian Basin's water challenges. We are very proud of the progress our team and our JIP members have made together over the past two years, and we believe JIP 2 brings us meaningfully closer to WES's first commercial-scale facility."
ABOUT WESTERN MIDSTREAM
Western Midstream Partners, LP ("WES") is a master limited partnership formed to develop, acquire, own, and operate midstream assets. With midstream assets located in Texas, New Mexico, Colorado, Utah, and Wyoming, WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural-gas liquids, and crude oil; and gathering, transporting, recycling, treating, and disposing of produced water for its customers. In its capacity as a natural-gas processor, WES also buys and sells residue, natural-gas liquids, and condensate on behalf of itself and its customers under certain gas processing contracts. A substantial majority of WES's cash flows are protected from direct exposure to commodity-price volatility through fee-based contracts.
For more information about WES, please visit www.westernmidstream.com.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. WES's management believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove correct. A number of factors could cause actual results to differ materially from the projections, anticipated results, or other expectations expressed in this news release. These factors include our ability to close and realize the expected benefits from the Brazos acquisition; meet financial guidance or distribution expectations; our ability to safely and efficiently operate WES's assets and integrate the Brazos assets into our portfolio; the supply of, demand for, and price of oil, natural gas, NGLs, and related products or services; our ability to meet projected in-service dates for capital-growth projects; construction costs or capital expenditures exceeding estimated or budgeted costs or expenditures; and the other factors described in the "Risk Factors" section of WES's most-recent Form 10-K filed with the Securities and Exchange Commission and other public filings and press releases. WES undertakes no obligation to publicly update or revise any forward-looking statements.
JIP COLLABORATORS DISCLAIMER
The organizations participating in the Joint Industry Project are collaborating solely with respect to the Joint Industry Project described in this release. Such participation does not make any participant a party to, or responsible for, any other Western Midstream transactions, projects, investments, business activities, or statements referenced herein.
WESTERN MIDSTREAM CONTACTS
Daniel Jenkins
Director, Investor Relations
[email protected]
866.512.3523
Western Midstream (WES - Free Report) ended the recent trading session at $42.96, demonstrating a -1.65% change from the preceding day's closing price. This change lagged the S&P 500's 1.09% gain on the day. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq appreciated by 1.91%.
Heading into today, shares of the oil and gas transportation and storage company had lost 5.08% over the past month, outpacing the Oils-Energy sector's loss of 7.57% and lagging the S&P 500's gain of 0.29%.
Analysts and investors alike will be keeping a close eye on the performance of Western Midstream in its upcoming earnings disclosure. In that report, analysts expect Western Midstream to post earnings of $0.85 per share. This would mark a year-over-year decline of 2.3%. Alongside, our most recent consensus estimate is anticipating revenue of $1.11 billion, indicating a 17.75% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.44 per share and a revenue of $4.45 billion, signifying shifts of +15.44% and +15.76%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Western Midstream. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.26% higher. Western Midstream is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Western Midstream is currently trading at a Forward P/E ratio of 12.69. This represents no noticeable deviation compared to its industry average Forward P/E of 12.69.
We can additionally observe that WES currently boasts a PEG ratio of 1.84. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry stood at 1.59 at the close of the market yesterday.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 26, placing it within the top 11% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Western Midstream Partners is upgraded to a 'strong buy' due to compelling valuation, low leverage, and robust yield. WES's $1.6B acquisition of Brazos Delaware expands processing capacity and is priced attractively at 8x EV/EBITDA, declining to 7.5x with synergies. Recent financials show consistent revenue, profit, and cash flow growth, with produced water throughput up 139.3% year-over-year in Q1.
If you're getting started with investing or want ideas on which stocks could be good buys in today's market, let me walk you through how I'd invest $10,000 today.
What I think is important is to create some strong pillars in your portfolio, around blue chip stocks that you don't have to worry about. This gives you a good base and foundation where you put the bulk of your money into. This is likely where you'll also want to have some dividend income, just to pad your returns or generate valuable cash flow (should you decide not to reinvest the dividends). And after doing this, you can then take on some risk and potentially capitalize on lucrative opportunities in the long run.
Here's how I'd allocate $10,000 using this approach.
Image source: Getty Images.
I'd put $6,000 into a top dividend stock For a rock-solid base to build around, I'd pick Enbridge (ENB +0.15%) stock. The company has been growing its dividend for decades, has a stable, consistent pipeline business, and already offers a fairly high yield of 5%. It's an absolute gem in the oil and gas sector, yet it doesn't come with the risk that often accompanies these types of stocks. Since it's involved in infrastructure and transporting oil and gas, it's a much safer all-around investment to consider.
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This year, the stock has performed particularly well, up 16%, as investors have been loading up on oil and gas stocks amid rising commodity prices. But Enbridge is a solid stock to own, regardless of the price of oil. It has averaged a beta of 0.81 over the past five years, indicating that it's less volatile than the overall stock market. With a safe dividend and a robust business, I'd feel comfortable investing $6,000 in the stock, which, based on the current yield, would produce about $300 in dividends per year.
I'd invest $3,000 into an excellent growth stock As part of a long-term growth strategy, I'd also want to put a fair bit of money into a promising growth stock. But I don't want to put my money at risk and throw it at just any growth stock. Instead, I'd put it in a leading company such as Alphabet (GOOG +1.58%)(GOOGL +1.29%).
Alphabet stands out for its diversification and financial strength. Between YouTube, Google Search, Gemini, and Waymo, the company has promising assets that can drive growth for years to come. It offers the type of diversification you might crave in an exchange-traded fund, yet you get it through a single stock.
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The company has a wealth of resources to tap into that can enable it to pursue more acquisitions in the future or simply reinvest in its current operations. Alphabet has generated a staggering $160 billion in profit over the past four quarters. Its business is growing, and its margins are impressive. This is the type of low-risk growth stock that can also make for an excellent long-term investment.
The last $1,000 I'd reserve for a stock with a bit more risk but a ton of upside Now, with a couple of solid blue chip stocks in Alphabet and Enbridge, I can feel comfortable in taking on a bit more risk with the remaining $1,000. While I still don't want to gamble on highly speculative investments, I do want to focus on a much smaller business that may have significant growth potential.
For this stock, I'd choose CRISPR Therapeutics (CRSP +1.88%). CRISPR has a market cap of $5 billion and could be much more valuable in the future. It and its development partner, Vertex Pharmaceuticals, have an approved gene-editing therapy, Casgevy, which is in its early stages of commercialization. Thus, CRISPR isn't as risky as smaller biotech stocks without any approved products. It also has over $2 billion in cash and short-term investments to help fund its day-to-day operations, and also enable it to invest in other gene-editing therapies.
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CRISPR remains unprofitable, but it has some enticing growth opportunities. And I'd feel confident that even under a worst-case scenario where I lose most or all of my money in CRISPR, I could make it back through my other investments on this list. By having strong pillars in place, you can take on some risk while knowing you won't put your overall portfolio in serious danger.
The biotech industry is on fire right now. Over the past 12 months, the SPDR S&P Biotech ETF has crushed broader equities, gaining 61% while the S&P 500 climbed just 25%.
XBI data by YCharts
There are good reasons to remain bullish on the sector. As medical breakthroughs lead to better therapies for hard-to-treat conditions, innovative biotechs might be handsomely rewarded. Let's consider two drugmakers to buy to capitalize on this: CRISPR Therapeutics (CRSP +1.88%) and Vertex Pharmaceuticals (VRTX 1.54%). Here's why these are among the best biotech stocks to buy.
Image source: The Motley Fool.
1. CRISPR Therapeutics CRISPR Therapeutics is a gene editing specialist. It developed Casgevy, a medicine for two rare blood diseases, in collaboration with Vertex Pharmaceuticals. Casgevy doesn't generate much revenue yet, but its sales should ramp up over the next few years. CRISPR Therapeutics also has a deep pipeline of products that could lead to significant clinical and regulatory milestones. Some of the company's most promising medicines include CTX611, an investigational anticoagulant being developed to be administered just twice a year (typically, anticoagulants are taken daily), while lowering the risk of bleeding that competitors pose.
Another promising candidate in CRISPR Therapeutics' portfolio is CTX310, a potential one-time therapy to lower patients' LDL cholesterol, which can lead to cardiovascular issues at high levels. CRISPR Therapeutics expects data readouts from ongoing clinical trials for these candidates in the second half of the year.
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One important thing to note about CRISPR Therapeutics' pipeline is that many of its investigational treatments could be breakthroughs if approved. That's one of the key reasons to consider investing in this biotech stock. And although the company's shares could drop if it encounters setbacks, CRISPR Therapeutics' deep pipeline and significant cash on hand -- it had $2.4 billion in cash and equivalents as of March 31, which isn't bad for a company worth about $5 billion -- should allow it to eventually launch brand-new products. CRISPR Therapeutics could deliver excellent returns as Casgevy makes commercial progress, while newer products pass key clinical and regulatory milestones.
2. Vertex Pharmaceuticals Vertex Pharmaceuticals still has a monopoly in the cystic fibrosis (CF) area, as the only company that markets medicines that target the underlying causes of CF. However, the biotech leader has made significant progress in diversifying its lineup. The launch of Casgevy was just the first step. It also earned approval for Journavx, a therapy for acute pain. Recent developments should help Vertex add even more brand-new products to its portfolio. In March, Vertex Pharmaceuticals announced positive phase 3 results for povetacicept in patients with IgA Nephropathy (IgAN, a kidney disease).
The company has now completed a regulatory application for this medicine in the U.S., and it could earn approval by year-end.
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For povetacicept, the IgAN indication may just be the beginning. Vertex Pharmaceuticals plans to pursue various label expansions for the medicine. Beyond this product, the drugmaker has several other candidates at various stages of clinical development. Vertex Pharmaceuticals has lagged broader equities over the past year, partly due to clinical setbacks and worse-than-expected financial results. However, the company's continued dominance in CF and attractive pipeline make the stock a great pick for long-term investors.
Prosper Junior Bakiny has positions in Vertex Pharmaceuticals. The Motley Fool has positions in and recommends CRISPR Therapeutics and Vertex Pharmaceuticals. The Motley Fool recommends SPDR Series Trust-SPDR S&P Biotech ETF. The Motley Fool has a disclosure policy.
CRISPR Therapeutics AG (CRSP - Free Report) ended the recent trading session at $53.09, demonstrating a +2.06% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 1.22%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 1.35%.
The stock of company has risen by 9.31% in the past month, leading the Medical sector's gain of 4.11% and the S&P 500's gain of 1.56%.
The investment community will be paying close attention to the earnings performance of CRISPR Therapeutics AG in its upcoming release. The company is predicted to post an EPS of -$1.13, indicating a 12.4% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $7.42 million, showing a 733.26% escalation compared to the year-ago quarter.
CRSP's full-year Zacks Consensus Estimates are calling for earnings of -$4.89 per share and revenue of $28.88 million. These results would represent year-over-year changes of +24.42% and +722.82%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for CRISPR Therapeutics AG. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.26% higher. Currently, CRISPR Therapeutics AG is carrying a Zacks Rank of #3 (Hold).
The Medical - Biomedical and Genetics industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 150, positioning it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
CRISPR Therapeutics (CRSP +1.88%) has been anything but stable this year. Over the past six months, the stock has experienced sharp swings as the market attempts to determine whether CRISPR is becoming a commercial-stage biotech company or a high-risk clinical-stage play.
The answer is somewhere in between.
The long road to commercialization CRISPR Therapeutics' biggest milestone came in late 2023, when CASGEVY, the gene-editing therapy it developed alongside Vertex Pharmaceuticals (VRTX 1.54%), became the first CRISPR-based treatment ever approved by regulators for the treatment of sickle cell disease.
But historical wins don't always translate into immediate revenue. By the first quarter of 2026, CRISPR Therapeutics reported revenue of just $1.46 million while posting a net loss of $122.9 million. And this begs the question: How long will it take for CASGEVY to move from a scientific breakthrough to a commercially meaningful product?
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Commercial adoption at a snail's pace To be sure, treating patients with gene-editing therapies isn't as simple as writing a prescription. Patients must undergo specialized treatment at centers, complex preparation procedures, and lengthy approval processes. As a result, commercial adoption can only develop gradually rather than all at once.
Now the company has reported a growing number of authorized treatment centers across the United States and Europe, but that still doesn't provide the evidence we need to see that patient volumes can scale meaningfully over the next several years.
Fortunately, CRISPR's balance sheet is strong, and that gives it some breathing room. The company ended the first quarter with approximately $2.4 billion in cash, cash equivalents, and marketable securities. That gives management considerable flexibility to continue funding research programs without raising capital in the near future.
A $22 billion opportunity One of CRISPR's most closely watched treatments is CTX112, an investigational CAR-T therapy for cancer. Early clinical data generated considerable interest because CTX112 is designed as an "off-the-shelf" CAR-T therapy.
Unlike traditional CAR-T treatments, which must be custom-manufactured from each patient's own cells, CTX112 is derived from healthy donor cells and can potentially be produced at scale. If successful, that could lower manufacturing costs, shorten treatment timelines, and make CAR-T therapy available to more patients.
If you're unfamiliar, CAR-T is a type of cancer treatment that genetically reprograms a patient's immune cells to recognize and attack cancer more effectively. Its market value clocked in at around $5.8 billion in 2025, and by 2033, it could be worth more than $22 billion.
Even capturing just 5% of a future CAR-T market would imply more than $1 billion in annual revenue potential.
Image source: Getty Images.
Of course, CTX112 is still years away from potential approval. And right now, the market is simply trying to value a company that now has an approved commercial product, more than $2 billion in cash, and multiple potentially important pipeline programs while weighing ongoing losses, uncertain commercial adoption rates, and the inherent risks of drug development.
Make no mistake: The stock's volatility isn't being driven by one event. It's being driven by the market's attempt to determine how much future value to assign to a company transitioning from a promising gene-editing pioneer to a commercial biotechnology business.
Globally recognized leader in responsible AI will deliver a keynote on pairing innovation with ethical guardrails to drive social impact
, /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading provider of AI-powered solutions for social impact, today announced that Priya Lakhani OBE, a globally recognized AI innovator and CEO, will join the bbcon 2026 mainstage as a keynote speaker. Lakhani will deliver a keynote titled The Art of What's Possible: Responsible AI for Social Impact at bbcon 2026, Blackbaud's annual social impact tech conference, taking place September 29–October 1, 2026, in Columbus, Ohio, with both in-person and virtual attendance options available.
Lakhani's keynote will explore what becomes possible when artificial intelligence is paired with strong ethical guardrails and human judgment—an approach that is increasingly critical as social impact organizations adopt AI to support fundraising, operations, and decision-making. Her session will be followed by a panel discussion moderated by Lakhani and featuring leaders from organizations using AI to accelerate impact across their missions.
"In a time of rapid AI innovation, trust is more important than ever," said Todd Lant, chief customer officer, Blackbaud. "Priya's perspective on ethical, human-centered AI aligns closely with Blackbaud's commitment to helping the social impact sector accelerate missions with responsible and effective AI solutions, designed to maintain both user and constituent trust."
In addition to Lakhani's keynote, bbcon 2026 will feature a full session lineup of more than 100 sessions designed to deliver practical insights, inspiration, and strategies for nonprofits, educational institutions, and companies committed to social responsibility. Early bird pricing for bbcon 2026 is available for a limited time.
bbcon 2026 will conclude with a mainstage appearance by Tony- and Grammy Award-winning artist Leslie Odom, Jr., who will close the conference with an inspirational fireside chat and live performance.
To learn more about bbcon 2026 or to register, visit www.bbconference.com.
About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world's leading provider of AI-powered solutions for social impact. Serving nonprofits, educational institutions, companies committed to corporate social responsibility, and individual change makers, Blackbaud propels impact at scale with the sector's most intelligent solutions for fundraising and engagement, education solutions, financial management and CSR and grantmaking. With the deepest expertise powered by the world's largest philanthropic data set, the most connected workflows, and the most powerful impact network, Blackbaud's solutions are building a future where resources are unleashed at the speed of need. Blackbaud has been recognized by Fast Company, Newsweek, Quartz, Forbes and more for AI innovation, responsible leadership and workplace excellence. Blackbaud has operations in the United States, Australia, Canada, Costa Rica, India and the United Kingdom, supporting users in 100+ countries. Learn more at www.blackbaud.com or follow us on X/Twitter, LinkedIn, Instagram and Facebook.
Media Inquiries
[email protected]
Forward-looking Statements
Except for historical information, all of the statements, expectations and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from Blackbaud's investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.
, /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, is pleased to announce the appointment of Yogesh Punjabi as Head of its Consumer Industry Investment Banking Group (Consumer Group).
Punjabi brings over 15 years of investment banking experience and has built a reputation as a trusted leader with a strong track record of success. Since joining Capstone in 2019, he has played a central role in supporting growth across its Consumer Group, advancing business development initiatives, and driving momentum in key sectors. As a member of the firm's investment banking committee, he contributes to the strategic direction and alignment of new opportunities across the platform. In his new role, Punjabi will build on this momentum, leading the continued expansion of the Consumer Group and advancing Capstone's broader strategic priorities.
Punjabi has extensive experience advising clients across the Consumer industry, with a particular focus in the Automotive Aftermarket sector, where he has led the execution of complex transactions for clients ranging from nationally recognized market leaders to sophisticated financial sponsors. His work is consistently recognized by leading industry organizations, including the M&A Advisor and Global M&A Network, for delivering exceptional client outcomes. Over the past 12 months, he successfully closed several notable transactions in the sector—including Max Auto Supply's acquisition by Midas International, Bertram Capital's acquisition of Left Lane Auto, and Freedman Seating Company's acquisition by Lippert Components, Inc—demonstrating his ability to navigate competitive processes in dynamic market conditions. In parallel, his work developing Capstone's proprietary Automotive Aftermarket insights reinforces the firm's position as a trusted source of market intelligence and thought leadership in the industry.
"Yogi has played a key role in building momentum for our Consumer Group and consistently creates strong outcomes for our clients," said John Ferrara, Founder and President of Capstone Partners. "His leadership, market knowledge, and strategic perspective position him well to lead the Group's ongoing growth."
Amid a period of accelerated expansion following the acquisition of TM Capital, this appointment reflects Capstone's continued investment in leadership to align with the evolving needs of clients and emerging market opportunities. Under Punjabi's leadership, the Consumer Group is well-positioned to build on this momentum and deliver differentiated insight and outcomes in an increasingly dynamic environment.
ABOUT CAPSTONE PARTNERS
For over 20 years, the firm has been a trusted advisor to leading middle market companies, offering a fully integrated range of investment banking and financial advisory services uniquely tailored to help owners, investors, and creditors through each stage of the company's lifecycle. Capstone's services include M&A advisory, debt and equity placement, corporate restructuring, special situations, valuation and fairness opinions, and financial advisory services. Headquartered in Boston, the firm has 175+ professionals across the U.S. With 12 dedicated industry groups, Capstone delivers sector-specific expertise through large, cross-functional teams. Capstone is a subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN). For more information, visit www.capstonepartners.com.
SAN FRANCISCO--(BUSINESS WIRE)--The Huntington National Bank (Huntington) and True Link have been named the winner of the Best Bank-Fintech Partnership at the 2026 Banking Tech Awards USA, honoring their work to build the first fully integrated family banking platform offered at scale.
This partnership allows us to serve the entire household as one connected relationship, bringing together the tools and protections people need in one place.
Share More than 100 million Americans help manage the finances of a loved one, yet no bank has served those relationships as a single, connected experience. Huntington and True Link built one together: a platform spanning teens, older adults and the head-of-household customers who support them, delivered through Huntington deposit products and debit cards, inside the existing Huntington mobile app, under a single login.
Since launching in early 2025, the offering has protected families, brought new households to the bank and grown deposits. Family banking is proving to be a key driver of customer choice. One-third of account holders are new to Huntington and switched specifically for this offering, bringing their relationships and deposits with them. When a bank can support the teen, the parent and the aging relative as one connected relationship, it becomes the natural choice for the entire household.
“At Huntington, we’re focused on helping people get more from their money by being a trusted resource during the moments that matter most—especially when it comes to caring for their families,” said Brant Standridge, president of consumer and regional banking at Huntington. “This partnership allows us to serve the entire household as one connected relationship, bringing together the tools and protections people need in one place. It’s a meaningful step forward in how we deliver for our customers and continue to grow with them over time.”
The partnership pairs Huntington's significant market reach and millions of deep customer relationships with True Link's 13 years building innovative products for families – serving kids and teens, older adults, people in recovery and adults with disabilities – and the technical depth to integrate that experience natively into a top 10 commercial bank’s own app and infrastructure.
"Huntington had the vision to make family banking a core part of who they are," said Kai Stinchcombe, CEO and co-founder of True Link. "The outcomes speak for themselves. What's equally worth recognizing is the quality of the partnership – the trust, the shared learning, the willingness to build something neither of us could have built alone. Huntington earns this award every day, and we're fortunate to be in it with them."
About Huntington Bank
Huntington Bancshares Incorporated is a $285 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates over 1,400 branches in 21 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.
About True Link Financial
True Link powers leading family banking experiences. With over a decade of proven impact and an 80+ NPS, the company’s platform is purpose-built to support older adults, teens, people with disabilities, individuals in recovery, and others who rely on trusted support to manage their finances. True Link helps banks, credit unions, nonprofits, government programs, and other partners offer customizable spending settings, caregiver-managed account features, and fraud prevention tools that help protect loved ones while preserving their dignity and independence. Its subsidiary True Link Financial Advisors, LLC manages nearly $2 billion in assets.1
Learn more at www.truelinkfinancial.com.
1 - Investment management services are provided through True Link Financial Advisors, LLC, registered with the SEC. Registration with the SEC does not imply skill or training nor does it constitute an endorsement by the SEC. Assets under management with True Link Financial Advisors, LLC as of 02/01/2026.
CarMax Inc (NYSE:KMX) shares fell more than 6% in early trade on Wednesday as investors looked past a better-than-expected first quarter earnings report and focused on margin pressure, credit risks and concerns about the company's profitability strategy.
The used-vehicle retailer reported adjusted earnings per share of $1.31 for the quarter, well above analyst estimates of $0.95.
Revenue increased 6.2% year over year to $8.01 billion, topping consensus expectations of about $7.4 billion.
Combined retail and wholesale vehicle sales rose 3.3% to 392,357 units. Wholesale unit sales increased 8.4%, while retail used-vehicle sales were up slightly. Comparable-store used-vehicle sales declined 0.8%.
Investors, however, focused on declining retail vehicle profitability. Gross profit per retail used vehicle fell $230 year over year to $2,177 as CarMax continued pricing actions aimed at supporting sales growth. The company has now experienced several consecutive quarters of margin compression as it prioritizes volume.
Concerns also centered on credit quality within CarMax Auto Finance (CAF). While CAF penetration increased to 43.3% from 41.8% a year earlier, investors remain cautious about rising loan delinquency risks and the company's increased exposure to lower-tier borrowers. CAF income declined 1% to $140.2 million during the quarter.
The company purchased approximately 322,000 vehicles from consumers and dealers, down 4.4% from a year earlier.
The report was the first under new CarMax CEO Keith Barr, who said in a statement that the company has adopted a four-pillar strategic framework aimed at driving unit sales and earnings growth while improving shareholder returns.
“We are entering this fiscal year with a clear strategy that is driving early results,” he said. “Our goal is clear: deliver strong unit sales and earnings growth that enables us to consistently reward our shareholders.”
CarMax KMX is experiencing a decline in stock price despite surpassing expectations in its Q1 earnings report. The used-car retailer achieved a significant earnings per share (EPS) beat, its largest in recent quarters, with revenue rising 6.2% year-over-year to $8.01 billion. This marks a return to revenue growth, driven primarily by improved unit sales trends—both retail and wholesale. The positive results are attributed to competitive pricing, enhanced value, and effective early strategies under new CEO Keith Barr, indicating that the company's turnaround is gaining momentum.
Key Metrics: - Used comps decreased by 0.8% year-over-year, showing sequential improvement against a challenging +8.1% comparison from last year. - Combined retail and wholesale unit sales rose 3.3% to 392,357, with wholesale units up 8.4% and retail used units slightly higher year-over-year. Focus Areas: - CEO Keith Barr highlighted areas needing improvement, including core operations efficiency, retail pricing and selection, high costs, and a complex digital experience. - The digital-to-store transition is causing friction for customers, limiting KMX's ability to fully utilize its scale. Strategy: - KMX's turnaround strategy focuses on four key pillars: enhancing vehicle offerings, simplifying the customer experience, increasing transaction value, and operating more efficiently. - The plan aims to improve pricing, inventory access, conversion rates, CAF/EPP contributions, and reduce structural costs. Margins: - Competitive pricing pressures margins, although cost reductions are mitigating some earnings impact. - Total gross profit fell 4% year-over-year to $854 million, with gross margin contracting about 110 basis points to 10.7%. - Used retail gross profit per unit (GPU) decreased by $230 year-over-year to $2,177, which was better than management's previous expectation of a $300 decline. CAF/EPP: - CAF penetration rose by 150 basis points to 43.3%, supported by KMX's comprehensive financing initiatives. - The rollout of a redesigned EPP offering is anticipated to add approximately $35 per unit in incremental margin by FY27. KMX's recent Q1 results suggest that CEO Keith Barr is implementing effective strategies for the company's turnaround, although management acknowledges that recovery is still in its early stages. The stock's decline may be attributed to profit-taking after a significant rally leading up to the report, as investors anticipated strong performance. While used comps remain negative, the 0.8% decline reflects a sequential improvement against a tough comparison. The overall improvement in combined retail and wholesale units, along with returning revenue growth, indicates that competitive pricing and enhanced value are beginning to stimulate demand. However, GPU and margins continue to face pressure, raising questions about how long KMX will rely on pricing strategies to boost volume. Encouragingly, GPU pressure was less severe than expected, and cost-saving measures, along with higher CAF penetration and EPP redesign, provide KMX with tools to mitigate earnings impacts. The upcoming quarters will be crucial in determining if the improved unit trends and Barr's broader strategy can lead to consistent earnings growth.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
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Shares of CarMax (NYSE:KMX | KMX Price Prediction) stock are down 7% midday Wednesday near $48.30 after the used-car retailer reported fiscal Q1 2027 results before the open. The headline numbers cleared expectations comfortably, but the stock fell anyway.
Carvana (NYSE:CVNA) stock is down 8% to around $64.65 in sympathy, with no company-specific catalyst behind the move. The used-car retail group is treating CarMax’s margin commentary and credit data as a read-through to the entire sector.
The setup is unusual. CarMax delivered both an earnings and a revenue beat, but investors zeroed in on shrinking per-unit profitability and rising loan-loss reserves at CarMax Auto Finance (CAF). The “beat but fell” pattern is amplified because CarMax stock had rallied sharply heading into the report.
CarMax stock has been one of the year’s stronger rebound stories, climbing 35% year to date through Tuesday’s close at $52.11. That run set a high bar going into the release and left less margin for any operational disappointment.
Earnings Beat Masked by Margin and Credit Concerns CarMax reported Q1 FY2027 EPS of $1.31 versus consensus near $0.944, and revenue of $8.01 billion topped the $7.42 billion estimate. Both lines beat by a wide margin.
The quality of earnings cracked under the hood. Retail used vehicle gross profit per unit at CarMax fell $230 year over year to $2,177, reflecting deliberate pricing actions to drive volume. Total gross profit declined and net earnings fell 12% to $185.6 million.
Credit signals also tightened at CarMax. The allowance for loan losses rose to 3% of auto loans held for investment from 3% the prior quarter. CAF income slipped to $140.2 million, even as CAF penetration climbed to 43%, partly reflecting more Tier 2 exposure.
There were operational positives at CarMax. SG&A per total unit improved 7% to $1,619, and wholesale revenues rose 14% on higher wholesale unit volume. However, comparable-store used unit sales declined 1%, hinting at soft underlying demand despite the headline revenue beat.
This was also the first report under new CarMax CEO Keith Barr, three months into the role. Barr stated, “I came to CarMax because I saw a strong foundation, an award-winning, people-first culture, and significant potential to unlock growth.” Notably, Barr introduced a four-pillar framework and reiterated a $200 million SG&A (Selling, General, and Administrative expenses) exit-rate savings target by fiscal year-end 2027.
Carvana Sells Off in Sympathy Carvana has no company-specific news today. The 8% drop in Carvana shares reflects sector read-through from CarMax’s used-vehicle pricing pressure and credit-quality flag. The two stocks often trade together when sector narratives shift.
The selloff hits a stock that has already been choppy. Carvana stock was down 17% year to date heading into today, with a market cap near $45.94 billion. Carvana shares closed at $70.04 on Tuesday before today’s slide.
Carvana’s most recent quarter was strong, with Q4 2025 EPS of $4.22 and revenue of $5.6 billion, up 58% year over year. However, the company carries $4.83 billion in long-term debt, which makes used-auto credit-cycle headlines particularly impactful for Carvana shares. Bullish analyst notes earlier in 2026 have leaned on resilient securitization structures and rising used-car prices as offsets.
What to Watch Next CarMax already held its earnings call this morning at 8:00 a.m. ET, and management has flagged a formal Strategic Update planned for late fall to outline further milestones under Barr’s plan. That event could reshape the bull-bear debate on CarMax shares. The next scheduled earnings release for CarMax is Q2 FY2027 on September 29.
Carvana’s next scheduled catalyst is its Q2 2026 earnings release, expected in late July. Until then, Carvana stock may trade as a high-beta proxy for used-car retail sentiment, magnifying any peer moves on credit or pricing data.
Sector sentiment is the swing factor for both names. Should used-car credit data stabilize in coming weeks, today’s reaction could prove a one-day overshoot at CarMax and Carvana. A continued uptick in subprime auto delinquencies, on the other hand, may keep pressure on the group, particularly given Carvana’s leverage profile.
The takeaway is straightforward: CarMax beat estimates and still fell because investors prioritized per-unit margin compression and rising CAF reserves over the headline number. Investors can watch for whether today’s selloff in both names holds into the close, and whether further sector data points reinforce or ease the concerns flagged in the CarMax report.
Carvana CVNA shares opened in the “red” this morning in sympathy with peer CarMax (KMX) whose Q1 earnings signaled margin compression, stubbornly weak volumes, and rising acquisition costs.
But a compelling case can be made that the market is lazily painting both companies with the same brush, ignoring the fundamental structural differences between how they operate.
Here’s why the sell-off in Carvana stock today is unwarranted and may actually be an opportunity for long-term investors to load up on a quality name at a discount.
The most obvious flaw in the “sympathy sell-off” logic is that Carvana and CarMax are on entirely different growth curves right now.
KMX saw its comparable-store used units slip 0.8% this quarter – continuing a long-running trend of sluggish retail volume.
The company is stuck in a mature, brick-and-mortar bottleneck.
CVNA, on the other hand, is capturing massive market share: In its latest reported quarter, Carvana posted an explosive 40% year-on-year growth in retail units, selling over 187,000 cars.
CarMax explicitly said today that it had to cut prices and sacrifice margin just to “try” and prop up stagnant volumes, but Carvana is pulling in hyper-growth numbers without having to trim its unit economics.
So, a margin squeeze born out of KMX operational stagnation doesn’t automatically mean Carvana is experiencing the same friction – that’s what makes CVNA shares worth buying on the dip.
Investors panicked also because CarMax’s retail gross profit per unit (GPU) tanked by $230 in the first quarter to $2,177.
However, treating this as a death sentence for CVNA ignores how much more vertically integrated and multi-layered its GPU structure really is.
KMX’s profit model is tightly tethered to the traditional spread between wholesale acquisition and retail sticker price.
When wholesale acquisition cost pops (as they did this quarter, driving CarMax’s average selling price up by $1,168), the company’s margins get crushed.
But CVNA’s total GPU isn’t just about the metal. It generates “highly optimized” revenue streams from proprietary digital financing, gap insurance, extended warranties, and a vertically integrated logistics/reconditioning network.
In Q1, the company delivered an industry-leading 10.4% Adjusted EBITDA margin.
So, Carvana shares are attractive because they’re structurally built to absorb fluctuations in vehicle acquisition costs far better than KMX’s legacy model.
CarMax’s new chief executive, Keith Barr, spent much of the earnings call talking about operational inefficiencies, explicitly mentioning that KMX moves roughly 2 million cars annually via transfers but suffers from “too many unproductive transfers.”
Simply put, the company is weighed down by heavy fixed overhead: physical dealerships, massive localized inventory footprints, and regional logistics inefficiencies.
When foot traffic slows down, those fixed costs bleed them quickly. But Carvana’s “digital-first”, centralized hub-and-spoke model allows for much higher variable cost elasticity.
CVNA stock looks compelling as it routes fulfillment dynamically through digital platforms and centralized reconditioning centers; it doesn’t face the same “unproductive localized overhead” that CarMax is currently scrambling to restructure.
CarMax, Inc. delivered a better than expected Q1, though results were boosted by a surprise credit release. Used car margins remain under pressure due to pricing concessions and consumers trading down to cheaper cars, though KMX has stabilized volumes. Financing results were better than expected though its increase in Tier 2 lending will likely drive incremental credit reserves.
CarMax is rated a sell due to unfavorable risk/reward, high valuation multiples, and gross margin pressures. Q1 FY27 results showed revenue growth driven by higher ASPs and wholesale volume, but gross profit per used car declined $230 YoY to $2,177. SG&A cost control and redesigned extended protection plans offer some margin support, but buybacks have paused and customer credit quality is deteriorating.
CarMax revenues are up, and CEO Keith Barr said he is focused on improving the company’s digital car shopping experience.
The used car dealer reported quarterly earnings Wednesday (June 17) that showed net revenues of $8 billion, a 6.2% increase. To continue this trajectory, Barr said during an earnings call that CarMax’s online presence needs to change.
“Our digital experience is too complex and not seamlessly connected to the in-person experience,” he said. “When a customer arrives at one of our stores, we do not make it as easy for them as it should be, given all the steps they have taken online.”
The process has added friction to the customer experience, which has affected conversion and kept CarMax from using its scale and store network, he said.
“We know exactly what needs to change, and we’re moving forward with urgency,” added Barr, who became CarMax’s CEO in March.
Management said during the earnings call that consumer behavior in the automotive sector has pivoted toward a demand for a hybrid experience, combining digital convenience and physical verification. The company said industry research and its own in-house findings bear this out.
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“Buying a car is one of the biggest financial decisions someone makes, and they have a strong desire to see, touch and test drive a vehicle that will be part of their daily lives for years to come,” Barr said.
To address this, management said CarMax is working to remove friction from the buying journey with upgrades like integrating AI assistants into the digital experience.
“We basically improved the entry point for our customers arriving from online ads,” Barr said. “We’ve made it easier to navigate our website to get toward prequalification and reserving a car. We’ve effectively shifted away from sticker prices to monthly payments.”
The company has also streamlined its web navigation to accelerate prequalification and vehicle reservations, making sure that the work a customer does at home translates instantly when they arrive at one of the company’s stores.
“Our stores reach 85% of the U.S. population, which gives us access to the largest total addressable market,” Barr said. “We expect more customers will visit our stores, and we will sell more cars.”
Barr joined CarMax after serving as CEO of InterContinental Hotels Group (IHG). In announcing his appointment earlier this year, CarMax said Barr modernized IHG’s technology, in part by developing a digital reservation system that improved the booking experience and let guests personalize their stays.
Shares of CarMax fell 9% Wednesday after the company beat Wall Street's quarterly earnings expectations and its new CEO detailed a high-level turnaround strategy for the company.
Here's how the company performed in its first fiscal quarter, compared with average estimates compiled by LSEG:
Earnings per share: $1.31 vs. 95 cents expected Revenue: $8.01 billion vs. $7.42 billion expectedDespite the beats, questions remain about the company's ability to grow and cut costs under the plan as it faces tougher market conditions. The used-vehicle retailer reported margin pressure and declining gross profit per retail used vehicle.
CarMax's total gross profit was $854.4 million, down 4.4% compared with last year's first fiscal quarter. Retail used vehicle gross profit decreased 9.5% and retail gross profit per used unit was $2,177, down $230 from last year's all-time record, the company said. Its net revenue was up 6.2% compared with nearly $7.6 billion a year earlier.
CarMax reported net earnings of $185.6 million, down 11.8% from $210.4 million in the same period last year.
Shares of CarMax are still up roughly 25% this year, including a roughly 16% increase since Keith Barr, a former CEO of InterContinental Hotels Group, began leading the company on March 16.
Barr said he will release more details of his plan — which is expected to take multiple years to execute — in late fall, but he noted that leadership is "super confident about it."
"Our new strategy is focused on great offerings, easy experience, adding value, running lean, all of which, again, will drive sustainable long-term growth, which will create value for our shareholders," he told CNBC during an interview.
CarMax and Carvana shares in 2026.
Barr said he has spent his first three months at CarMax better learning the car business, understanding the company's operations and determining potential growth and cost-cutting areas, while aiming to streamline the car-buying processes for customers.
"There's definitely significant opportunity for growth here by having a really integrated, growth-oriented strategy that leverages technology, that leverages our scale, that leverages our stores, that will provide sustainable growth, too," he said.
His initial quick changes have included making tweaks to CarMax's website, such as showing monthly payments; implementing an artificial intelligence call agent service; and trying to better streamline a customer's experience from online to in-store.
Barr was brought in following massive share declines that led to pressure for former CEO Bill Nash to step down in November.
Shares of CarMax's largest competitor, Carvana, also were more than 7% lower during midday trading Wednesday, which coincided with the online vehicle retailer disclosing plans for its new franchised Stellantis stores. Carvana's plan includes using the franchise stores to service vehicles and offer test drives, but it will still exclusively sell its vehicles online, even if customers are at the stores.
Barr declined to comment on Carvana's plans, but said CarMax has found the vast majority of its used-vehicle customers still like to visit stores and see the vehicle they're planning to purchase before doing so.
Carvana shares are sliding. Why is CVNA stock dropping? CarMax Beats Estimates But Margins SlideGross profit fell 4.4% to $854.4 million. Profit tied to retail units dropped 9.5%. Gross profit per retail used unit declined $230 from the prior year to $2,177. CarMax said the decline reflected pricing decisions aimed at supporting stronger sales momentum.
Margin Pressure Expected To ContinueDespite the earnings beat, CarMax warned that pressure on vehicle margins will likely persist as it prioritizes sales growth over margin preservation. Management reiterated that it expects lower gross profit per retail unit for the fiscal year and will continue adjusting prices to stay competitive.
The margin commentary from CarMax, a major peer in the used‑vehicle retail space, appears to be weighing on sentiment toward Carvana as well.
Critical Levels To Watch For Carvana StockMomentum is best evaluated through RSI. The indicator sits at 52.19, which is a neutral reading and consistent with a stock that is moving sideways rather than establishing a new direction. RSI measures how stretched buying or selling pressure has become. This level suggests the decline has not reached oversold conditions even as price tests lower areas.
Key Resistance: $73.00 This level sits near a round number and aligns with the longer moving average zone, including the 200‑day average at $73.61, which can cause rebounds to stall. Key Support: $61.00 — This is a nearby floor just above recent lows where buyers may attempt to stabilize the current downswing. CVNA Shares Are TumblingCVNA Price Action: Carvana shares were down 7.27% at $64.96 at the time of publication on Wednesday. The stock is trading near its 52-week low of $54.46, according to Benzinga Pro.
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Marley Kayden discusses financials leading the market higher while investors digested the Federal Reserve's decision to keep interest rates unchanged. Meanwhile, CarMax (KMX) slid after earnings and Netflix (NFLX) denied reports of interest in acquiring Lionsgate.
CarMax (KMX +13.13%) stock lost ground in Wednesday's trading even though the company recently reported better-than-expected quarterly results. The company's share price fell roughly 9% in a daily session that saw the S&P 500 fall approximately 1.2%, and the Nasdaq Composite decline roughly 1.3%.
Before the market opened this morning, CarMax published results for the first quarter of its 2027 fiscal year -- a period that ended May 31. The company actually posted sales and earnings for fiscal Q1 that beat the market's expectations, but forward guidance wound up coming in below the market's targets.
Image source: Getty Images.
CarMax stock sank despite quarterly beats CarMax recorded earnings per share of $1.31 on revenue of $8.01 billion. The company's per-share profit topped the average analyst estimate by $0.37, and revenue came in roughly $580 million higher than the average target.
CarMax's sales rose roughly 6.1% year over year in fiscal Q1, and combined retail and wholesale unit sales were up 3.3% compared to the prior-year period. On the other hand, earnings per share actually declined 5.1% year over year compared to the profit of $1.38 per share recorded by the business in the prior-year period.
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What's next for CarMax? With its fiscal Q1 report, CarMax stated that it was seeing some pressure on selling, general, and administrative expenses -- but management also said that it expected to reach its target for roughly $200 million in category savings in the fiscal year. The company also said that it was on track for roughly $35 per unit in incremental extended protection plans (EPP) in the fiscal year and that it expected its national EPP redesign rollout to be completed in the current quarter. CarMax's fiscal Q1 results actually looked quite solid, but some investors were apparently looking for stronger forward guidance.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CarMax. The Motley Fool has a disclosure policy.
CarMax is rated Buy following a post-earnings dip, with Street estimates appearing overly pessimistic given easier upcoming comps. KMX's new four-pillar strategy targets competitive pricing, digital experience, profitability expansion, and cost efficiency, aiming to stabilize gross profit per unit. I project $3.27 in EPS and $27.8B revenue for FY27, materially above consensus, supporting a $59 price target and 24% upside.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Fear” zone on Wednesday.
U.S. stocks settled lower on Wednesday, with the Dow Jones index falling more than 500 points during the session after the Federal Reserve announced its policy decision.
The Federal Reserve unanimously held the federal funds rate steady at 3.50%-3.75% on Wednesday, as widely expected, in the first policy meeting under new Fed Chair Kevin Warsh.
The Fed’s closely watched dot plot showed that several officials now expect interest rates to rise in 2026. The Fed penciled in higher inflation, a lower unemployment rate and one hike this year, marking a hawkish shift from the March dot plot, which had signaled one additional rate cut.
On the economic data front, U.S. retail sales rose 0.9% month-over-month in May, following a revised 0.4% gain in April and topping market estimates of 0.5%. U.S. pending home sales jumped 3.8% month-over-month in May, compared to a revised 0.3% gain in the previous month and topping market estimates of 0.8%.
CarMax Inc. (NYSE:KMX) reported better-than-expected earnings for the first quarter on Wednesday.
All sectors on the S&P 500 closed on a negative note, with communication services, consumer discretionary and real estate stocks recording the biggest losses on Wednesday.
The Dow Jones closed lower by around 507 points to 51,492.55 on Wednesday. The S&P 500 fell 1.21% to 7,420.10, while the Nasdaq Composite dipped 1.34% at 26,021.66 during Wednesday's session.
What Is CNN Business Fear & Greed Index?At a current reading of 32.7, the index remained in the “Fear” zone on Wednesday, versus a prior reading of 39.1.
The Fear & Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Key Takeaways CarMax framed Q1 around a four-pillar plan focused on offering, experience, value and lean operations.KMX beat earnings and revenue estimates, while net sales rose 6.2% and total unit sales climbed 3.3%.CarMax is using cost savings, dynamic pricing, finance growth and EPP gains to improve transaction economics. CarMax, Inc. (KMX - Free Report) used its first-quarter fiscal 2027 earnings call to shift the focus from a simple quarterly beat to a broader operating reset. Management argued the business has already begun to show better sales and earnings trends, but also acknowledged clear execution gaps.
The central message was that CarMax is moving faster on pricing, digital simplification, cost control and finance penetration, with a deeper strategic update planned for the fall.
CarMax Reframes Growth Around Four PillarsPresident and CEO Keith Barr said CarMax’s strategy now rests on four pillars: great offering, easy experience, add value on each transaction and run lean. He described the framework as a practical operating agenda rather than a long-range aspiration.
Barr said the company’s main weaknesses are not hard to identify. He pointed to slower core operations, pricing and selection that still need improvement, a digital journey that remains too complex and a store experience that is not yet tightly connected to online steps.
That framing mattered more than the headline beat. The company reported earnings per share of $1.31, which beat the Zacks Consensus Estimate of 94 cents, delivering a surprise of 39.4%. KMX’s quarterly revenues of $8.01 billion also surpassed the Zacks Consensus Estimate of $7.60 billion by 5.4%.
KMX Trades Margin for Sales MomentumCarMax reported net sales and operating revenues up 6.2% to $8 billion, while combined retail and wholesale unit sales rose 3.3% to 392,357. Used retail unit sales were essentially flat, and comparable-store used unit sales fell 0.8%, but management emphasized that this came against a strong prior-year comparison.
Chief financial officer Enrique Mayor-Mora said the company has become more flexible in how it manages pricing, marketing and demand within the quarter. That showed up in a $230 decline in used vehicle gross profit per unit to $2,177, which was better than the larger near-term margin give-up management had outlined previously.
Barr said competitive pricing is already helping sales momentum build and should support market share gains through the year. He also said CarMax is feeding more local and vehicle-specific market inputs into its pricing algorithms, signaling a more dynamic approach to balancing sales and profitability.
CarMax Pushes Costs Lower to Fund PriceManagement tied much of the story to self-funded efficiency. Mayor-Mora said SG&A fell 3.7% to $635.2 million, while SG&A per total unit improved $118 to $1,619, helped by lower compensation and benefits costs even as advertising expense rose.
Barr said the larger aim is to fund better prices through leaner operations instead of relying on lower retail margins. He highlighted reconditioning, logistics and corporate overhead as the biggest areas where CarMax can create that flexibility.
Management reiterated that the company remains on track for $200 million in fiscal 2027 exit-rate savings. During Q&A, Mayor-Mora said first-quarter progress matched internal expectations, though he cautioned that year-over-year SG&A pressure could still show up in the balance of the year.
KMX Builds More Value in FinanceThe add-value pillar centered on CarMax Auto Finance and extended protection plans. CAF penetration rose 150 basis points year over year to 43.3%, while CAF income was $140.2 million, down 1.0%.
Senior vice president Jon Daniels said CarMax’s full-spectrum lending push is gaining traction, with CAF becoming the largest Tier 2 lender in the quarter. He said the company’s funding and underwriting work is giving it more room to expand penetration without changing its disciplined posture.
Management also said the EPP redesign is rolling out nationally and remains on track to add about $35 per unit in incremental margin during fiscal 2027. Together, finance and protection products were presented as recurring levers for improving transaction economics beyond used-vehicle retail margins alone.
CarMax Q&A Centers on Logistics and PricingAnalysts focused heavily on whether first-quarter trends marked a real turn in market share, and management answered with unusual directness. Barr told JPMorgan that CarMax has turned the corner and should continue to gain share on a sustainable basis.
Questions from Baird, BNP Paribas and Needham also pressed on logistics and reconditioning. Barr said CarMax transfers more than two million cars a year and needs to reduce unproductive moves, better align cars with location-specific demand and redesign the network for both lower costs and faster sales conversion.
On reconditioning, Barr and Mayor-Mora said the biggest upside lies in digitizing processes, improving labor and parts selection tools and moving inventory faster from acquisition to saleable condition. That answer added specificity to the run-lean pillar and showed where management sees a durable cost advantage.
KMX Sets Up a More Detailed Fall UpdateThe call’s overall tone was more operational than celebratory. Barr repeatedly said CarMax has strong assets, including its store network, brand and digital capabilities, but has not been executing at a level that fully captures them.
That left the quarter looking less like a finished turnaround and more like the opening phase of a broader reset. The planned fall strategic update now stands as the next key milestone for investors watching whether early gains in pricing, conversion and cost discipline can become more durable.
CarMax’s Zacks SignalsKMX currently carries a Zacks Rank #3 (Hold), along with a Value Score of B, Growth Score of C, Momentum Score of A and VGM Score of A. Based on the Zacks framework, a Zacks Rank #3 can be held, and stronger Style Scores carry more weight when they are paired with top Zacks Rank stocks. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock’s A grades for Momentum and VGM, plus its B for Value, indicate favorable style characteristics, while the C Growth Score reads as more balanced. Even so, the Zacks framework puts primary emphasis on earnings estimate revisions, which means the current Zacks Rank can change after analysts update forecasts following the just-reported results.
CarMax (NYSE:KMX) reported better-than-expected earnings for the first quarter on Wednesday.
The company posted quarterly earnings of $1.31 per share which beat the analyst consensus estimate of 94 cents per share. The company reported quarterly sales of $8.014 billion which beat the analyst consensus estimate of $7.410 billion.
The company introduced a new growth strategy centered on four pillars: improving offerings, enhancing customer experience, maximizing transaction value, and running lean operations. CarMax said the company remains on track to deliver $200 million in SG&A savings this fiscal year.
“I came to CarMax because I saw a strong foundation, an award-winning, people-first culture, and significant potential to unlock growth. Three months in, I am more convinced than ever that this is a business with everything it needs to thrive,” said Keith Barr, President and Chief Executive Officer.
CarMax shares rose 0.2% to $47.50 in pre-market trading.
These analysts made changes to their price targets on CarMax following earnings announcement.
B of A Securities analyst John Murphy maintained the stock with an Underperform rating and raised the price target from $40 to $45. Mizuho analyst David Bellinger maintained the stock with a Neutral and raised the price target from $38 to $43. Considering buying KMX stock? Here’s what analysts think:
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Key Takeaways KMX beat Q1 earnings and revenue estimates as total revenues rose 6.2% year over year.CarMax cut SG&A 3.7% and remains on track for $200M in exit-rate savings by fiscal 2027.KMX outlined a four-pillar strategy to drive unit growth, earnings growth and shareholder returns. CarMax, Inc. (KMX - Free Report) reported earnings per share of $1.31 for the first quarter of fiscal 2027, beating the Zacks Consensus Estimate of 94 cents by 39.61%. The bottom line declined 5.1% from $1.38 in the year-ago quarter.
Quarterly revenues rose 6.2% year over year to $8.01 billion, surpassing the consensus mark of $7.6 billion by 5.43%. Results benefited from higher retail and wholesale revenues, while combined retail and wholesale unit sales rose 3.3% to 392,357.
KMX Sales Rise on Higher Vehicle PricingFor the quarter ended May 31, 2026, CarMax’s total net sales and operating revenues were $8.01 billion, up from $7.55 billion a year ago. Used vehicle sales increased 4.7% to $6.39 billion, reflecting a higher average retail selling price.
Total retail used vehicle unit sales were nearly flat at 230,293 versus 230,210 in the prior-year quarter. Comparable-store used-unit sales declined 0.8%, as the company lapped a year-ago quarter that benefited from tariff-driven demand.
CarMax Wholesale Momentum Supports the Top LineWholesale vehicle sales rose 14% year over year to $1.43 billion. Wholesale unit sales increased 8.4% to 162,064, while the average wholesale selling price climbed 5.1% to $8,364.
The wholesale business helped offset pressure on retail profitability. Wholesale vehicle gross profit increased 8.3% to $169.5 million, with gross profit per wholesale unit of $1,046, essentially in line with $1,047 in the prior-year quarter.
KMX Margins Face Pricing PressureTotal gross profit declined 4.4% year over year to $854.4 million. Retail used vehicle gross profit fell 9.5% to $501.4 million, hurt by lower per-unit profitability.
Retail gross profit per used unit was $2,177, down $230 from last year’s all-time record due to the continuation of pricing actions aimed at driving an improved sales trend.
CarMax Cost Cuts Drive SG&A LeverageSelling, general and administrative expenses decreased 3.7% year over year to $635.2 million. The decline was primarily driven by lower compensation and benefits costs as the company made progress on targeted SG&A reductions.
SG&A per total unit improved 6.8% to $1,619, down $118 from the year-ago quarter. CarMax remains on track to achieve $200 million in SG&A exit-rate savings by the end of fiscal 2027.
KMX Finance Arm Expands PenetrationCarMax Auto Finance’s income was $140.2 million, down 1% from the year-ago quarter. The decline reflected lower auto loans outstanding following last year’s $900 million non-prime securitization, partly offset by interest earned on higher-margin receivables and servicing income.
CAF financed 43.3% of units sold after the impact of three-day payoffs, up 150 basis points year over year. The total interest margin percentage improved 20 basis points to 6.7%, while the weighted average contract rate was 11.3%, broadly in line with the prior-year quarter.
CarMax Strategy Focuses on Growth PillarsCEO Keith Barr introduced a four-pillar strategic framework focused on improving CarMax’s offering, simplifying the customer experience, adding value on each transaction and running lean. The company plans to share more details at a strategic update in late fall.
Pricing competitiveness, saleable inventory, digital-to-store conversion, CAF growth, EPP margin expansion, reconditioning efficiency and logistics improvements are key areas of focus for the company. The goal is to drive unit growth and earnings growth while supporting shareholder returns over time.
KMX’s Balance Sheet Remains in FocusCarMax ended the quarter with cash and cash equivalents of $132.2 million and inventory of $4.06 billion. Long-term debt excluding the current portion was $2.06 billion, while the current portion of long-term debt was $17.2 million.
The company did not repurchase shares during the first quarter. It had $1.31 billion remaining under its share repurchase authorization as of May 31, 2026, and intends to resume buybacks at an appropriate time depending on market conditions, leverage and capital needs. KMX carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Peer ReleasesCarvana Co. (CVNA - Free Report) reported first-quarter 2026 (ended March 31, 2026) earnings of $1.69 per share, which beat the Zacks Consensus Estimate of $1.42 by 18.69% and increased from $1.51 in the year-ago quarter. Better-than-expected revenues across all segments drove the strong performance. Revenues of $6.43 billion beat the Zacks Consensus Estimate of $6.16 billion by 4.39% and increased 52% from last year.
AutoNation, Inc. (AN - Free Report) reported first-quarter 2026 (ended March 31, 2026) adjusted earnings of $4.69 per share, which missed the Zacks Consensus Estimate of $4.71 by 0.43%. Revenues totaled $6.55 billion, missing the Zacks Consensus Estimate of $6.66 billion by 1.6%. The top line declined from $6.69 billion reported in the first quarter of 2025. The results showed a familiar pattern: strong performance in higher-margin businesses was offset by weaker sales volumes and higher costs. Adjusted free cash flow was $255.6 million, with a solid 155% conversion of adjusted net income.
CarMax NYSE: KMX entered a market reversal earlier this year asc it transitioned to a new CEO and activist investors took positions. The story now is that Keith Barr’s four-pillar strategy to increase volume, improve digital sales, add value on each transaction, and drive efficiency is gaining traction.
The question is whether CarMax can preserve its cost savings and return to profitable growth in the coming quarters, and the early signs are encouraging. In this environment, CarMax remains in the middle of an evolving catalyst, with the stronger signal—sustained operational improvement—still to come.
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CarMax Outperforms in Q1, First Report With New CeoCarMax Today
$53.54 -0.12 (-0.23%)
As of 06/18/2026 03:59 PM Eastern
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52-Week Range$30.26▼
$71.99P/E Ratio34.99
Price Target$46.13
CarMax faced headwinds in Q1 fiscal year 2027 (FY2027), including uneven consumer demand and affordability pressure, but performed well, with unit volume increasing by 3.3% across the system.
Revenue grew by 6% to just over $8 billion, outperforming expectations by more than 780 basis points. Segmentally, wholesalers did the heavy lifting, with units up 8% compared to a basically flat retail side.
Lower relative pricing aided the strength and is reflected in the margin. The company managed to reduce selling, general, and administrative (SG&A) expenses and improve efficiency on a per-unit basis, but gross margin impairment offset these gains. The takeaway is that gross profit declined by nearly 5%, net margin contracted by approximately 50 basis points despite an improvement in SG&A, and GAAP earnings declined.
The offset is that earnings per share (EPS) of $1.31 outpaced consensus by a wide 34-cent margin, providing sufficient cash flow to sustain operations and maintain balance sheet quality. CarMax's balance sheet carries debt, but it did not provide any red flags for investors.
The company does not provide specific guidance on operational metrics, but it did offer color on what to expect this year. As it stands, the focus is on improving sales and customer satisfaction, which will put pressure on margins. That trade-off is important for investors to watch. Lower asking prices can help rebuild unit volume, while continued investment in digital services may weigh on profitability until those efficiencies scale.
Among the critical Q1 takeaways, however, are the 84% of retail unit sales supported by digital capabilities and 14% online retail sales, with digital channels central to reducing time-to-close, improving customer outcomes, and supporting longer-term operating efficiency.
Current Price$53.54High Forecast$66.00Average Forecast$46.13Low Forecast$35.00CarMax Stock Forecast Details
Analyst sentiment is central to CarMax’s 2025 stock price decline and 2026 rebound.
After price target cuts and weaker coverage weighed on KMX in 2025, the tone in 2026 has shifted toward cautious optimism as investors evaluate the CEO transition and early signs of operational improvement.
Analyst activity since February 2026 has included initiations, reaffirmed targets, and, more recently, price target increases that have helped stabilize the consensus estimate.
The consensus price target is around $42, below the current share price but aligning with the technical price floor put in place last year, and is likely to advance amid operational improvements and strengthen the expected catalyst.
Institutional trends look more bullish despite mixed activity over the trailing 12-month period. Selling outweighed buying in parts of 2025, but activity in the first half of 2026 suggests renewed accumulation. More importantly, the periods of accumulation and distribution align with CarMax’s price action, revealing group buying on dips and market support at the lower end of its trading range.
The likely outcome is that KMX's downside is limited, and institutional support will strengthen and advance in subsequent quarters.
CarMax Catalysts: There Is More Than One Coming Down the PipeCarMax has several catalysts coming down the pike, centered on its upcoming earnings reports. The reports are expected to show improvements, including cash flow and future profitability. Among the catalysts is the capacity for capital return, which centers on share buybacks.
CarMax paused share repurchases in the latest quarter, but prior buybacks have still reduced the company’s share count over the past year. A resumption of repurchases could become a bullish catalyst if earnings stabilize. Management is also expected to provide more details on its turnaround strategy later this year.
Chart price action is not bullish following the release. The market for KMX stock is down more than 5% and may continue to decline in the near term. The caveat is that this market appears in the midst of a Double-Bottom Reversal, and the mid-June pullback is testing critical support.
Assuming support holds, KMX shares could advance this summer, potentially reaching $70 by early Fall. If not, a move to retest recent lows near $37.50 is probable—lower lows are not expected to come this year.
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In one of the more significant gear shifts on the stock market Thursday, CarMax (KMX +13.13%) roared to a 13% gain after sputtering to a 9% loss the previous trading session. The auto retailer's equity benefited from several positive post-earnings analyst notes; among these was a recommendation upgrade.
Foot on the gas CarMax published its first quarter of fiscal 2027 results on Wednesday morning, and investors reacted negatively, despite convincing top- and bottom-line beats.
Image source: Getty Images.
But Thursday saw analysts weigh in with adjusted takes on the stock, and most of these changes were bullish.
For example, big bank JPMorgan Chase's J.P. Morgan bumped its price target $1 higher to $38, although it maintained its underweight (i.e., sell) recommendation. Baird was more hopeful, raising its price target to $55 per share from $48; it kept its outperform (buy) rating intact.
Of the numerous analyst adjustments, the most impactful was the one made by Stephens pundit Jeff Lick. He upped his outlook on CarMax to overweight (buy) from his preceding equal weight (hold). In doing so, he lifted his price target significantly, to $66 per share from $43.
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Top dog According to reports, Lick wrote that CarMax has the ability to remain the No. 1 used-car retailer in this country. Even if its position weakens to some extent, in his view, it's still a go-to for many customers looking to buy in that segment.
To me, CarMax's quarterly performance was impressive, with top-line growth of 6% year over year in a fairly challenging environment for auto sales. Assuming it can maintain, or at least approach, such growth numbers, its stock should generally do well.
JPMorgan Chase is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CarMax and JPMorgan Chase. The Motley Fool has a disclosure policy.
CarMax (KMX) is in a transition phase, executing a four-pillar strategy to enhance customer experience and operational efficiency. KMX reported strong Q1 results, beating EPS and revenue expectations, with management crediting early execution of its strategic plan. Technical analysis signals a bullish trend: KMX trades above its 30-week EMA, with both short- and long-term momentum turning positive.
MARLBOROUGH, Mass.--(BUSINESS WIRE)--Hologic, Inc., a global leader in women's health, today released its 2025 Sustainability Report. The new report coincides with Hologic's 40th anniversary and underscores how the company's longstanding purpose — to enable healthier lives for women everywhere, every day — continues to drive progress for patients, communities and the planet. “We have always firmly believed that our success as a company is fundamentally tied to our ability and commitment to help.
INDIO, Calif.--(BUSINESS WIRE)--Del Webb recently celebrated a major milestone at Del Webb Desert Retreat with the official groundbreaking of the community’s future resort-style clubhouse, the social centerpiece of the new active-adult neighborhood.
Community leaders, project partners, and team members gathered to commemorate the occasion, including Norman Brown, PulteGroup’s Southern California Division President, and Elaine Holmes, Mayor of the City of Indio, who joined in the ceremonial shovel turn marking the next phase of development for the highly anticipated 55+ community.
Once complete, the clubhouse will offer residents a wide range of resort-style amenities designed to support active and social living, including a fitness center and aerobics studio, an indoor golf simulator, a ballroom, arts and billiards rooms, a food and beverage bar, and a resort-style pool and Jacuzzi.
“The clubhouse will be so much more than just an amenity center. It represents the heart of the community and the lifestyle our residents are looking for,” said Brown. "It's where neighbors will gather, friendships will form, and residents can enjoy the activities, experiences, and connections that make Del Webb communities so special."
Del Webb Desert Retreat marks Del Webb’s return to Indio and the Greater Palm Springs region, where the builder has delivered more than 10,000 homes throughout the Coachella Valley over its long history in the market.
Construction of the clubhouse is being supported by RCS Construction Management and Capital Building Services.
The gated community will feature homes ranging from approximately 1,444 to 2,722 square feet with flexible floor plans offering 2–3 bedrooms and 2–2.5 bathrooms. Pricing starts in the mid-$400,000s.
The clubhouse is expected to be completed in the summer of 2027.
About Del Webb
Del Webb is a national brand of PulteGroup, Inc. (NYSE: PHM). Del Webb is the pioneer in active adult communities and America’s leading builder of new consumer-inspired homes and communities for active adults ages 55+ who want to continue to explore, grow, and learn, socially, physically, and intellectually as they look forward to retirement. For more information on Del Webb, visit delwebb.com.
PulteGroup (PHM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Key Takeaways ITT agreed to acquire Aerospace Contacts, a maker of aerospace and defense metal contact components.ITT expects the deal to strengthen its supply chain and manufacturing capabilities.ITT plans to integrate Aerospace Contacts into its CIT segment after closing in Q3 2026. ITT Inc. (ITT - Free Report) has inked a deal to acquire Aerospace Contacts LLC (Aerospace Contacts). The transaction was valued at approximately $31 million in total.
Based in Gilbert, AZ, Aerospace Contacts is engaged in producing metal contact components for aerospace and defense applications. The company was established in 1999 and it employs about 140 personnel. It has been a long-term supplier to ITT Cannon within the Connect & Control Technologies (CCT) segment.
Acquisition Rationale of ITTThe latest acquisition aligns with ITT’s strategy of acquiring businesses to expand its market share and customer base. The acquisition of Aerospace Contacts is expected to strengthen the company’s supply chain, enhance its aerospace and defense product offerings and boost its manufacturing and engineering capabilities. The transaction is also anticipated to support long-term growth by broadening ITT’s portfolio of interconnect solutions.
ITT will integrate Aerospace Contacts into its CIT segment. The deal is expected to close in the third quarter of 2026, subject to customary closing conditions.
Other Notable AcquisitionsAcquisitions are an essential aspect of ITT’s growth strategy. ITT acquired SPX FLOW in March 2026. The acquisition enhances the company’s capabilities in mixing, fluid handling and thermal solutions. SPX FLOW has been added to the Flow Technologies segment.
In September 2024, ITT acquired kSARIA Parent, Inc. The acquisition will enhance its portfolio of connectivity solutions for the defense and aerospace end markets, technological capabilities and market reach, driving growth and operational efficiency.
Zacks Rank and Price PerformanceITT currently carries a Zacks Rank #2 (Buy).
The company is benefiting from solid momentum in the Flow Technologies segment, which is gaining from an increase in demand for parts, pumps, services and valves. ITT’s innovation investments are also likely to support its growth.
In the past year, the stock rose 28.8% against the industry’s 0.9% decline.
Image Source: Zacks Investment Research
Other Stocks to ConsiderSome other top-ranked companies are discussed below:
GPGI, Inc. (GPGI - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
GPGI delivered a trailing four-quarter average earnings surprise of 25.6%. In the past 30 days, the Zacks Consensus Estimate for the company’s 2026 earnings has remained steady.
Griffon Corporation (GFF - Free Report) currently carries a Zacks Rank of 2. GFF delivered a trailing four-quarter average earnings surprise of 3.3%.
In the past 30 days, the Zacks Consensus Estimate for Griffon’s fiscal 2026 earnings has remained steady.
IDEX Corporation (IEX - Free Report) currently carries a Zacks Rank of 2. IEX delivered a trailing four-quarter average earnings surprise of 6%.
In the past 30 days, the Zacks Consensus Estimate for IDEX’s 2026 earnings has increased 0.2%.
ITT (ITT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
QuantumScape (QS +16.52%), a developer of solid-state batteries for electric vehicles (EVs), went public through a merger with a special purpose acquisition company (SPAC) in Nov. 2020. Its stock opened at $24.80 and soared to a record high of $131.67 a month later.
But as of this writing, QuantumScape's stock trades at about $7. It originally planned to commercialize its first batteries in 2024, but it hasn't yet reached that milestone. That sluggish progress drove away its investors, but could it still be a potential millionaire-maker?
Image source: Getty Images.
When will QuantumScape start generating revenue? QuantumScape's solid-state batteries offer better thermal stability, shorter charging times, and higher charging capacities than lithium-ion batteries. Its QSE-5 battery, co-developed with Volkswagen (OTC:VWAP.Y) over the past decade, has an energy density of 844 Wh/L (watt hours per liter) and can be rapidly charged from 10% to 80% in under 15 minutes.
QuantumScape initially aimed to manufacture the batteries through a joint venture with Volkswagen, but it shifted toward a simpler licensing model in 2024. It now plans to license its technology to Volkswagen's battery subsidiary, PowerCo, as well as other automakers, to generate a recurring stream of higher-margin royalty and licensing revenues.
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QuantumScape upgraded its separator process over the past year to improve its cell reliability, equipment productivity, and total yields. It's been producing higher-volume, near-production "B-sample" cells at its Eagle Line pilot production line, and it expects its cash runway to last through 2029, giving it enough time to expand its commercial licensing business.
Could QuantumScape generate millionaire-making gains? If QuantumScape sticks to that plan, analysts expect its revenue to rise from zero in 2026 to $51.2 million in 2027 and $98.6 million in 2028. With a market cap of $4.3 billion, its stock might seem overvalued at 43 times its 2028 sales.
However, the solid-state battery market could grow at a 47.57% CAGR from 2026 to 2034, according to Fortune Business Insights. If QuantumScape maintains its first-mover advantage in that booming market, its sales could skyrocket over the next decade.
If QuantumScape matches analysts' estimates through 2028 and grows its top line at a 30% CAGR through 2036, its revenue would hit $804 million by the final year. If it trades at 30 times its current year's sales by 2036, its market cap would rise to $24.1 billion.
That would be a near-sixfold gain over the next decade, but it probably wouldn't turn a $10,000 investment -- or even a $100,000 one -- into over $1 million. That said, it could still beat the market if it successfully commercializes its first battery designs and gains more customers.
Quantumscape Corp (NYSE:QS) shares surged about 15% on Thursday after the solid-state battery developer announced a joint research agreement with Honda Motor (NYSE:HMC) subsidiary Honda R&D Co Ltd to advance its battery technology platform.
The multi-year collaboration will focus on solid-state battery development and related manufacturing processes, combining the expertise of both companies.
The agreement follows Honda's completion of a technology evaluation program with QuantumScape that included an in-depth assessment of the company's solid-state battery platform and benchmarking against competing technologies through a series of standard technical tests.
"QS technology demonstrated compelling and unique advantages during our evaluation," Atsushi Ogawa, chief operating officer of Honda R&D's Research Center of Excellence, said in a statement.
He added that the company sees potential for the technology across multiple applications, including automotive uses.
QuantumScape CEO Siva Sivaram said Honda's assessment represented "one of the most rigorous evaluations of our technology to date."
“This agreement reflects the growing confidence in QS solid-state lithium-metal batteries to enable safer, higher-density energy storage,” Sivaram said.
The company develops solid-state lithium-metal batteries, which are viewed as a potential alternative to conventional lithium-ion batteries due to their potential for higher energy density and improved safety characteristics.
June 18, 2026 09:00 ET | Source: Quantumscape Corporation
SAN JOSE, Calif., June 18, 2026 (GLOBE NEWSWIRE) -- QuantumScape Corporation (NASDAQ: QS), a global leader in next-generation solid-state lithium-metal battery technology, today announced a joint research agreement with Honda R&D Co., Ltd., a subsidiary of Honda Motor Co., Ltd., one of the world’s leading manufacturers of automobiles, motorcycles and power equipment, aimed at advancing the QS battery platform through the combined contributions and expertise of both parties. The joint program includes a multi-year plan focused on solid-state battery development and associated manufacturing processes.
The agreement follows Honda’s successful completion of a technology evaluation agreement with QS, which included an in-depth, hands-on technical study of QS’s solid-state technology platform as well as competitive benchmarking across a range of standard technical tests.
“QS technology demonstrated compelling and unique advantages during our evaluation,” said Atsushi Ogawa, Chief Operating Officer, Research Center of Excellence, Honda R&D Co., Ltd. “We see potential for QS technology to add value across a range of applications, including automotive, and we are excited to move forward into the next phase of our partnership.”
“Honda is a leading global automaker renowned for its engineering excellence and product quality across automotive and other applications worldwide, and its evaluation represents one of the most rigorous assessments of our technology to date,” said Dr. Siva Sivaram, CEO and President of QS. “This agreement reflects the growing confidence in QS solid-state lithium-metal batteries to enable safer, higher-density energy storage.”
About QuantumScape Corporation
QuantumScape is on a mission to revolutionize energy storage to enable a sustainable future. The company’s next-generation solid-state lithium-metal battery technology is designed to enable greater energy density, faster charging and enhanced safety to support the transition away from legacy energy sources toward a lower carbon future. For more information, visit www.quantumscape.com.
Forward-Looking Statements
Certain information in this press release may be considered “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements regarding the company’s expectations for its joint research agreement and joint development program with Honda R&D Co., Ltd., the anticipated benefits and contributions of the parties under that agreement, the commercialization and scaling of its solid-state lithium-metal battery technology, the application of its technology to automotive and other markets. These forward-looking statements are based on management’s current expectations, assumptions, hopes, beliefs, intentions and strategies regarding future events and are based on currently available information as to the outcome and timing of future events. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely upon forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements due to various risks, including the successful development and commercialization of our solid-state battery technology, achieving technical and financial milestones, building out of high-volume processes and otherwise scaling production, achieving the performance, quality, consistency, reliability, safety, cost and throughput required for commercial production and sale, changes in economic and financial conditions, market demand for EVs and other energy storage applications, retaining key personnel, competition, regulatory changes, broader economic conditions, and other factors, including those discussed in the section titled “Risk Factors” in our Annual Report and Quarterly Reports and other documents filed with the Securities and Exchange Commission from time to time. Except as otherwise required by applicable law, the company disclaims any duty to update any forward-looking statements.
The joint research agreement includes a multi-year plan focused on solid-state battery development and associated manufacturing processes. The deal follows Honda’s successful completion of a technology evaluation agreement with QuantumScape, which included an in-depth, hands-on technical study of the company’s solid-state technology platform as well as competitive benchmarking across a range of standard technical tests.
“QS technology demonstrated compelling and unique advantages during our evaluation,” said Atsushi Ogawa, COO of Honda R&D’s Research Center of Excellence. “We see potential for QS technology to add value across a range of applications, including automotive, and we are excited to move forward into the next phase of our partnership.”
QuantumScope Shares SurgeQS Price Action: At the time of publication, QuantumScope shares are trading 6.81% higher at $7.37, according to data from Benzinga Pro.
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