Media headlines about CarMax (NYSE:KMX) have trended somewhat positive on Wednesday, according to Alpha One Sentiment. Alpha One, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CarMax earned a media sentiment score of 0.24 on Alpha One’s scale. Alpha One also assigned media headlines about the company an impact score of 56 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Alpha One Sentiment Analysis’s analysis:
- Drilling Down into The Technicals On CarMax Inc. (NYSE:KMX) – Lenox Ledger (lenoxledger.com)
- 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)
A number of research analysts recently weighed in on KMX shares. Morgan Stanley cut shares of CarMax from an “equal weight” rating to an “underweight” rating and set a $48.00 price objective for the company. in a report on Wednesday, February 1st. Zacks Investment Research cut shares of CarMax from a “buy” rating to a “hold” rating in a report on Thursday, March 9th. Wedbush restated a “neutral” rating and issued a $60.00 price objective on shares of CarMax in a report on Monday, March 27th. Royal Bank of Canada dropped their price objective on shares of CarMax from $71.00 to $63.00 and set a “sector perform” rating for the company in a report on Friday, April 7th. Finally, CIBC restated a “buy” rating on shares of CarMax in a report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $67.00.
Shares of CarMax (NYSE:KMX) traded up 0.03% during mid-day trading on Wednesday, hitting $64.51. 1,944,381 shares of the stock traded hands. The stock has a market cap of $11.98 billion, a PE ratio of 19.79 and a beta of 1.34. CarMax has a one year low of $45.06 and a one year high of $69.11. The stock has a 50-day moving average of $59.11 and a 200 day moving average of $61.85.
CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, April 6th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. CarMax had a net margin of 3.96% and a return on equity of 21.02%. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the company earned $0.74 earnings per share. CarMax’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts predict that CarMax will post $3.53 EPS for the current fiscal year.
In other news, Director Edgar H. Grubb sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now 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 can be accessed through this link. 1.70% of the stock is owned by company insiders.
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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