Somewhat Favorable News Coverage Somewhat Unlikely to Impact CarMax (KMX) Stock Price

News coverage about CarMax (NYSE:KMX) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CarMax earned a news impact score of 0.13 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.377311869506 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

Shares of CarMax (NYSE KMX) traded up $0.51 on Friday, hitting $67.48. 1,640,000 shares of the stock were exchanged, compared to its average volume of 1,920,000. The company has a debt-to-equity ratio of 3.82, a current ratio of 2.33 and a quick ratio of 0.48. The stock has a market cap of $12,300.00, a P/E ratio of 18.54, a PEG ratio of 1.14 and a beta of 1.47. CarMax has a 1-year low of $54.29 and a 1-year high of $77.64.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.03. The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. equities analysts forecast that CarMax will post 3.84 EPS for the current fiscal year.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Tuesday, September 26th. Wedbush restated an “outperform” rating and issued a $77.00 target price (up previously from $73.00) on shares of CarMax in a research note on Wednesday, September 13th. Buckingham Research raised their target price on shares of CarMax from $66.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, September 25th. Credit Suisse Group raised their target price on shares of CarMax from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, September 29th. Finally, Oppenheimer restated a “hold” rating and issued a $80.00 target price on shares of CarMax in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $77.00.

In other news, Director Thomas J. Folliard sold 16,000 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $68.39, for a total value of $1,094,240.00. Following the completion of the transaction, the director now owns 495,572 shares in the company, valued at approximately $33,892,169.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William R. Tiefel sold 23,000 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $76.39, for a total transaction of $1,756,970.00. The disclosure for this sale can be found here. Insiders sold a total of 625,955 shares of company stock valued at $46,214,378 in the last quarter. Insiders own 1.70% of the company’s stock.

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About CarMax

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.

Insider Buying and Selling by Quarter for CarMax (NYSE:KMX)

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