Somewhat Favorable Media Coverage Somewhat Unlikely to Affect CarMax (KMX) Stock Price
Media coverage about CarMax (NYSE:KMX) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing 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 daily sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.1047692106891 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- CarMax, Inc (KMX) to Post FY2018 Earnings of $3.92 Per Share, Wedbush Forecasts (americanbankingnews.com)
- $4.26 Billion in Sales Expected for CarMax, Inc (KMX) This Quarter (americanbankingnews.com)
- CarMax, Inc (KMX) to Post Q1 2019 Earnings of $1.39 Per Share, Wedbush Forecasts (americanbankingnews.com)
- CarMax elects Peter Bensen and Robert Hombach to its board of directors (eprretailnews.com)
KMX has been the topic of several analyst reports. Credit Suisse Group raised CarMax to a “buy” rating and set a $83.00 target price on the stock in a report on Monday, December 25th. Wedbush set a $81.00 target price on CarMax and gave the stock a “buy” rating in a report on Thursday, December 28th. Deutsche Bank reduced their target price on CarMax from $84.00 to $76.00 and set a “hold” rating on the stock in a report on Sunday, November 26th. Berenberg Bank raised CarMax from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Monday, January 8th. Finally, Northcoast Research raised CarMax from a “neutral” rating to a “buy” rating in a report on Thursday, December 14th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.68.
CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, December 21st. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). CarMax had a return on equity of 21.77% and a net margin of 4.07%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the company earned $0.72 earnings per share. CarMax’s quarterly revenue was up 11.0% compared to the same quarter last year. analysts anticipate that CarMax will post 3.84 EPS for the current year.
In related news, Director Thomas J. Folliard sold 8,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $68.72, for a total transaction of $549,760.00. Following the completion of the sale, the director now directly owns 447,572 shares in the company, valued at approximately $30,757,147.84. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Darren C. Newberry sold 6,584 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total value of $478,064.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,584 shares of company stock valued at $5,226,064. 1.90% of the stock is owned by corporate 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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