News stories about CarMax (NYSE:KMX) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CarMax earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.2960646029933 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- $4.29 Billion in Sales Expected for CarMax Inc (NYSE:KMX) This Quarter (americanbankingnews.com)
- Newfield Exploration Company (NYSE:NFX) Shares Sold by Russell Investments Group Ltd. (expressnewsline.com)
- Raymond James Financial, Inc. (NYSE:RJF) vs. CarMax Inc. (NYSE:KMX) Are the Technicals Adding up? – FLBC News (flbcnews.com)
- This Chicago online car-selling startup wants to take on CarMax (finance.yahoo.com)
- $0.94 EPS Expected for CarMax Inc (NYSE:KMX) This Quarter (americanbankingnews.com)
CarMax (KMX) traded down 1.99% during mid-day trading on Thursday, reaching $63.93. The company’s stock had a trading volume of 1,567,397 shares. CarMax has a 1-year low of $47.50 and a 1-year high of $69.11. The stock has a market capitalization of $11.71 billion, a P/E ratio of 18.36 and a beta of 1.34. The stock’s 50 day moving average price is $64.60 and its 200 day moving average price is $62.83.
CarMax (NYSE:KMX) last issued its quarterly earnings data on Wednesday, June 21st. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the previous year, the business posted $0.90 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Analysts expect that CarMax will post $3.70 EPS for the current fiscal year.
Several brokerages have recently issued reports on KMX. UBS AG cut CarMax from a “positive” rating to a “neutral” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut CarMax from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Wedbush set a $73.00 price objective on CarMax and gave the company a “buy” rating in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada upgraded CarMax from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $63.00 to $69.00 in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $69.00.
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In other CarMax news, 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 value of $921,023.04. Following the transaction, the senior vice president now owns 9,218 shares in the company, valued at approximately $609,125.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas W. Reedy, Jr. sold 8,583 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now owns 70,522 shares in the company, valued at approximately $4,715,806.14. The disclosure for this sale can be found here. Insiders sold a total of 188,515 shares of company stock worth $12,085,019 in the last quarter. 1.70% of the stock is currently 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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