Somewhat Positive News Coverage Somewhat Unlikely to Affect CarMax (KMX) Stock Price
News coverage about CarMax (NYSE:KMX) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded 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 media headlines about the company an impact score of 48.7853607946974 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- CarMax, Inc : Investor Network: CarMax, Inc. to Host Earnings Call (4-traders.com)
- BRIEF-Carmax reports Q2 earnings per share of $0.98 (KMX) (markets.businessinsider.com)
- CarMax Inc. (KMX) Has Broken Out To A New High On Strong Q2 Earnings (rttnews.com)
- CarMax (KMX) Q2 Earnings & Revenue Beat Estimates, Up Y/Y (finance.yahoo.com)
Shares of CarMax (NYSE:KMX) opened at 74.19 on Friday. The company has a market capitalization of $13.60 billion, a PE ratio of 21.31 and a beta of 1.32. CarMax has a 52 week low of $47.50 and a 52 week high of $74.60. The firm’s 50-day moving average price is $66.11 and its 200 day moving average price is $62.70. CarMax also saw some unusual options trading activity on Wednesday. Stock traders bought 12,002 put options on the company. This represents an increase of approximately 820% compared to the typical volume of 1,305 put options.
CarMax (NYSE:KMX) last released its quarterly earnings data on Friday, September 22nd. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.04. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a net margin of 4.07% and a return on equity of 21.72%. CarMax’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. Equities analysts predict that CarMax will post $3.72 EPS for the current year.
Several equities research analysts have recently issued reports on the company. Deutsche Bank AG reduced their target price on CarMax from $73.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “market perform” rating and issued a $63.00 target price (down from $71.00) on shares of CarMax in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $74.00 target price (up from $72.00) on shares of CarMax in a report on Thursday, June 22nd. UBS AG cut CarMax from a “positive” rating to a “neutral” rating in a report on Thursday, June 22nd. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $70.00 target price (up from $66.00) on shares of CarMax in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CarMax currently has a consensus rating of “Buy” and a consensus target price of $72.25.
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In other news, EVP Edwin J. Hill sold 35,497 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $65.69, for a total transaction of $2,331,797.93. Following the completion of the sale, the executive vice president now owns 40,289 shares in the company, valued at approximately $2,646,584.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Folliard sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $68.39, for a total transaction of $1,094,240.00. Following the sale, the director now owns 495,572 shares of the company’s stock, valued at approximately $33,892,169.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,515 shares of company stock valued at $10,108,759. 1.70% of the stock is owned by 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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