Somewhat Favorable Media Coverage Likely to Impact CarMax (NYSE:KMX) Share Price
News coverage about CarMax (NYSE:KMX) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CarMax earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 76 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Investors Set Sail on Valuation For Carmax Inc (KMX) – Evergreen Caller (evergreencaller.com)
- SVP and CIO of CarMax Inc (NYSE:KMX), Shamim Mohammad, sells 13,938 shares worth $921,039 (empowerednews.net)
- ETFs with exposure to CarMax, Inc. : August 1, 2017 (finance.yahoo.com)
- Mohammad Shamim Sells 13,938 Shares of CarMax Inc (NYSE:KMX) Stock (americanbankingnews.com)
- Insider Selling: CarMax Inc (NYSE:KMX) CFO Sells 8,583 Shares of Stock (americanbankingnews.com)
Shares of CarMax (NYSE KMX) traded down 0.27% during midday trading on Thursday, hitting $65.54. The stock had a trading volume of 932,019 shares. CarMax has a 1-year low of $47.50 and a 1-year high of $69.11. The firm has a market capitalization of $12.01 billion, a PE ratio of 18.78 and a beta of 1.34. The company’s 50 day moving average price is $63.73 and its 200-day moving average price is $62.81.
CarMax (NYSE:KMX) last released its quarterly earnings results on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, topping the 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 business had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the previous year, the company earned $0.90 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts predict that CarMax will post $3.70 earnings per share for the current year.
A number of equities analysts have issued reports on KMX shares. Royal Bank Of Canada decreased their price target on CarMax from $71.00 to $63.00 and set a “sector perform” rating for the company in a research note on Friday, April 7th. CIBC reissued a “buy” rating on shares of CarMax in a research note on Thursday, April 6th. Oppenheimer Holdings, Inc. set a $72.00 price objective on CarMax and gave the stock a “buy” rating in a research note on Monday, June 19th. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Finally, Deutsche Bank AG decreased their target price on CarMax from $73.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, April 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $69.00.
In other CarMax news, SVP Mohammad Shamim sold 13,938 shares of CarMax stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $66.08, for a total value of $921,023.04. Following the sale, the senior vice president now owns 9,218 shares of the company’s stock, valued at $609,125.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Thomas W. Reedy, Jr. sold 8,583 shares of CarMax stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $66.87, for a total transaction of $573,945.21. Following the completion of the sale, the chief financial officer now directly owns 70,522 shares in the company, valued at approximately $4,715,806.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 188,515 shares of company stock worth $12,085,019. 1.70% of the stock is owned by corporate 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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