Media coverage about CarMax (NYSE:KMX) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CarMax earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.5199015855286 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- CarMax, Inc (KMX) Expected to Post FY2018 Earnings of $3.76 Per Share (americanbankingnews.com)
- CarMax, Inc (KMX) Expected to Announce Earnings of $0.89 Per Share (americanbankingnews.com)
- CarMax, Inc (KMX): Why Mar Vista Investment Partners Loves This Stock (feedproxy.google.com)
- Ruane Cunniff Comments on Carmax (finance.yahoo.com)
Several brokerages have issued reports on KMX. TheStreet cut CarMax from a “b-” rating to a “c+” rating in a report on Thursday, February 22nd. Credit Suisse Group dropped their target price on CarMax from $83.00 to $71.54 and set an “outperform” rating for the company in a report on Friday, January 26th. Oppenheimer upgraded CarMax from a “market perform” rating to an “outperform” rating and upped their target price for the company from $80.00 to $88.00 in a report on Thursday, January 18th. Wood & Company upgraded CarMax from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $80.00 to $88.00 in a report on Thursday, January 18th. Finally, UBS Group upgraded CarMax from a “market perform” rating to an “outperform” rating in a report on Thursday, January 18th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $79.68.
CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 21st. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). CarMax had a return on equity of 21.77% and a net margin of 4.07%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. analysts expect that CarMax will post 3.82 EPS for the current fiscal year.
In related news, SVP Darren C. Newberry sold 6,584 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total transaction of $478,064.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $61.92, for a total value of $495,360.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,584 shares of company stock valued at $4,605,664 over the last 90 days. 1.90% of the stock is currently owned by company insiders.
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CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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