CarMax (KMX) Getting Somewhat Positive Media Coverage, Study Shows
Headlines about CarMax (NYSE:KMX) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. 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 news sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.7500086523857 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern’s scoring:
- Carmax Inc Rises 1.35% on Heavy Volume: Watch For Potential Pullback (mysmartrend.com)
- Laurion Capital Management Lp Significantly Lowers Its Holdings in CarMax Inc (KMX) (highlightpress.com)
- Fifth Third Bancorp (FITB) Earning Somewhat Positive News Coverage, Report Finds (ismboard.com)
- $4.29 Billion in Sales Expected for CarMax Inc (NYSE:KMX) This Quarter (americanbankingnews.com)
CarMax (NYSE:KMX) opened at 64.46 on Wednesday. The company’s 50-day moving average price is $64.77 and its 200-day moving average price is $62.69. The stock has a market cap of $11.81 billion, a PE ratio of 18.51 and a beta of 1.34. CarMax has a 12-month low of $47.50 and a 12-month high of $69.11.
CarMax (NYSE:KMX) last issued its quarterly earnings data 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. The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.46 billion. CarMax had a return on equity of 21.72% and a net margin of 4.07%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 earnings per share. On average, equities analysts expect that CarMax will post $3.70 EPS for the current fiscal year.
KMX has been the subject of a number of recent research reports. Bank of America Corporation reiterated a “buy” rating and issued a $82.00 target price (up previously from $80.00) on shares of CarMax in a report on Thursday, June 22nd. Deutsche Bank AG reiterated a “buy” rating and issued a $73.00 target price (up previously from $71.00) on shares of CarMax in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $74.00 target price (up previously from $72.00) on shares of CarMax in a report on Thursday, June 22nd. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of CarMax in a report on Thursday, May 18th. Finally, ValuEngine upgraded CarMax from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $69.00.
In related news, Director Thomas J. Folliard sold 50,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $61.41, for a total value of $3,070,500.00. Following the completion of the transaction, the director now directly owns 509,166 shares in the company, valued at $31,267,884.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Thomas W. Reedy, Jr. sold 8,583 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $66.87, for a total value of $573,945.21. Following the completion of the transaction, the chief financial officer now owns 70,522 shares of the company’s stock, valued at $4,715,806.14. The disclosure for this sale can be found here. Insiders sold 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 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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