CareMax Reports First Quarter 2024 Results
CareMax, Inc. - Class A (CMAX)
Company Research
Source: Business Wire
First Quarter Medicare Advantage Membership of 107,000, up 12% year-over-yearFirst Quarter Total Revenue of $232.2 million, up 34% year-over-yearContinuing to Explore Strategic Options to Maximize Value of Certain Assets and Generate Further Liquidity MIAMI--(BUSINESS WIRE)--CareMax, Inc. (NASDAQ: CMAX; CMAXW) (“CareMax” or the “Company”), a leading technology-enabled value-based care delivery system, today announced financial results for the first quarter ended March 31, 2024.“During the first quarter of 2024, we believe we began to see benefits from our fourth quarter clinical efforts which became fully implemented toward the end of last year,” said Carlos de Solo, Chief Executive Officer. “While absolute levels of utilization remained elevated, Medicare risk medical expense ratio in the first quarter of 2024 was favorable to our internal projections and improved compared to the prior two quarters, offset by acuity shifts in our Medicaid risk membership. We remain optimistic that
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CMAX
News
- CareMax, Inc. (NASDAQ: CMAX) had its price target lowered by analysts at UBS Group AG from $7.00 to $6.40. They now have a "neutral" rating on the stock.MarketBeat
- New Strong Sell Stocks for March 28th [Yahoo! Finance]Yahoo! Finance
- CareMax, Inc. (NASDAQ:CMAX) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Canopy Growth, Outlook Therapeutics, Immuneering among healthcare movers [Seeking Alpha]Seeking Alpha
- CareMax Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]Yahoo! Finance
CMAX
Earnings
- 5/9/24 - Beat
CMAX
Analyst Actions
- 4/1/24 - UBS
CMAX
Sec Filings
- 5/15/24 - Form 8-K
- 5/13/24 - Form 10-Q/A
- 5/9/24 - Form 10-Q
- CMAX's page on the SEC website