Media stories about CarMax (NYSE:KMX) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CarMax earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.986495715368 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- CarMax Announces Second Quarter Conference Call (finance.yahoo.com)
- CarMax Inc (KMX) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- CarMax Inc (NYSE:KMX) Traded 5.6% Above Its 50 Day Average (highlightpress.com)
- Zacks Industry Outlook Highlights: General Motors, Volkswagen, Fiat Chrysler and CarMax (finance.yahoo.com)
- Volume Ticking Higher in Session For Tandem Diabetes Care Inc (TNDM) and Carmax Inc (KMX) – FLBC News (flbcnews.com)
Shares of CarMax (NYSE:KMX) opened at 68.50 on Tuesday. The firm has a market capitalization of $12.55 billion, a PE ratio of 19.67 and a beta of 1.32. CarMax has a 52-week low of $47.50 and a 52-week high of $69.52. The stock’s 50 day moving average is $65.63 and its 200 day moving average is $62.51.
CarMax (NYSE:KMX) last posted its quarterly earnings results on Wednesday, June 21st. The company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.15. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same period in the prior year, the business posted $0.90 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that CarMax will post $3.71 EPS for the current year.
Several research firms have recently issued reports on KMX. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Friday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of CarMax in a research note on Friday, September 1st. ValuEngine downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. BidaskClub raised shares of CarMax from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, Wedbush set a $73.00 price target on shares of CarMax and gave the company a “buy” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $70.45.
In other CarMax news, CFO Thomas W. Reedy, Jr. sold 8,583 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $66.87, for a total transaction of $573,945.21. Following the transaction, the chief financial officer now directly owns 70,522 shares of the company’s stock, valued at approximately $4,715,806.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Mohammad Shamim sold 13,938 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $66.08, for a total transaction of $921,023.04. Following the transaction, the senior vice president now directly owns 9,218 shares in the company, valued at $609,125.44. The disclosure for this sale can be found here. Insiders have sold a total of 188,515 shares of company stock valued at $12,085,019 over the last quarter. 1.90% of the stock is currently owned by company insiders.
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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