CarMax Inc (NYSE: KMX) has recently enjoyed extremely important positive changes in investment behavior: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
Minimal positive changes in fundamentals have recently occurred for CarMax Inc (NYSE: KMX): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
KMX’s future returns on capital are forecasted to exceed 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 contradictory signals. CarMax has a good Appreciation Score of 71 but a slightly negative Power Rating of 35, triggering the Neutral Value Trend Rating.
Recent Price Action
On 7/10/24, CarMax Inc (NYSE: KMX) stock enjoyed a very large increase of 6.5%, closing at $76.93. Moreover, exceptionally high trading volume at 235% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 8.0% during the last week.
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