News headlines about CarMax (NYSE:KMX) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CarMax earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.4081060624074 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several equities analysts recently weighed in on the stock. Buckingham Research lowered shares of CarMax from a “buy” rating to a “neutral” rating and lifted their target price for the company from $75.00 to $84.00 in a report on Monday, June 25th. They noted that the move was a valuation call. Guggenheim lowered shares of CarMax from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a report on Monday, June 25th. They noted that the move was a valuation call. ValuEngine upgraded shares of CarMax from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Wedbush lifted their target price on shares of CarMax from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, June 25th. Finally, Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, July 10th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $83.53.
Shares of CarMax stock traded up $0.84 during trading on Friday, reaching $78.05. The company had a trading volume of 1,105,600 shares, compared to its average volume of 1,855,708. The firm has a market cap of $13.62 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.14 and a beta of 1.55. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.54 and a current ratio of 2.30. CarMax has a fifty-two week low of $57.05 and a fifty-two week high of $81.67.
In related news, SVP Darren C. Newberry sold 1,831 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $73.80, for a total transaction of $135,127.80. Following the completion of the sale, the senior vice president now owns 2,481 shares of the company’s stock, valued at approximately $183,097.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas J. Folliard sold 315,325 shares of the business’s stock in a transaction dated Tuesday, June 26th. The shares were sold at an average price of $75.52, for a total transaction of $23,813,344.00. Following the sale, the director now directly owns 354,641 shares of the company’s stock, valued at approximately $26,782,488.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 666,816 shares of company stock valued at $50,495,526. Insiders own 1.97% of the company’s stock.
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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