News articles about CarMax (NYSE:KMX) have trended somewhat positive recently, AlphaOne Sentiment reports. AlphaOne, a subsidiary of Accern, identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CarMax earned a coverage optimism score of 0.04 on AlphaOne’s scale. AlphaOne also gave news headlines about the company an impact score of 85 out of 100, indicating that recent news coverage is very likely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Alpha One’s scoring:
- CarMax Is Showing a Rusty Underside (finance.yahoo.com)
- Analyst: Carvana’s Success Shows Used Car Market Ready For Disruption, Sees 35% Upside (finance.yahoo.com)
- CarMax, Your Rusty Underside Is Showing (finance.yahoo.com)
- CarMax, Inc (KMX) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- CarMax Inc. (NYSE:KMX) Ratios & Valuation in Focus – Financial Newsweek (finnewsweek.com)
Several research firms have recently weighed in on KMX. Wedbush restated a “hold” rating on shares of CarMax in a research note on Saturday, April 8th. Susquehanna Bancshares Inc set a $70.00 price objective on CarMax and gave the company a “buy” rating in a research report on Friday, April 7th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of CarMax in a research report on Wednesday, April 5th. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Finally, Royal Bank of Canada reiterated a “market perform” rating and set a $63.00 price objective (down previously from $71.00) on shares of CarMax in a research report on Thursday, April 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $67.00.
CarMax (NYSE:KMX) opened at 64.49 on Wednesday. CarMax has a 1-year low of $45.06 and a 1-year high of $69.11. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 19.78 and a beta of 1.34. The stock has a 50 day moving average price of $59.11 and a 200-day moving average price of $61.85.
CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, April 6th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.02. The firm had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.94 billion. CarMax had a net margin of 3.96% and a return on equity of 21.02%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. On average, equities research analysts forecast that CarMax will post $3.53 EPS for the current year.
In related news, Director Edgar H. Grubb sold 2,000 shares of the stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $58.24, for a total transaction of $116,480.00. Following the completion of the transaction, the director now directly owns 42,005 shares of the company’s stock, valued at $2,446,371.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.70% of the company’s stock.
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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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