For its third fiscal quarter (ending November 30), CarMax Inc (NYSE: KMX) has reported a 117% increase in E.P.S. from $0.24 a year ago to $0.52 in the current quarter. For the latest four quarters through November 30, E.P.S. were $3.15 versus $3.60 for the same period a year ago — a decline of -12%.
Recent Price Action
CarMax Inc (NYSE: KMX) stock enjoyed a very large increase of 5.2% on 12/21/23. The shares closed at $78.55. Moreover, trading volume in this advance was exceptionally high at 354% of normal. The stock has performed in line with the market over the last nine months and has risen 10.6% during the last week.
Current PriceTarget Research Rating
KMX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
CarMax has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. CarMax has a neutral Power Rating of 53 and a slightly positive Appreciation Score of 62, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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