Stock Rating Downgrade
The Value Trend Rating for CarMax Inc (NYSE: KMX) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 12/15/23, CarMax Inc (NYSE: KMX) stock declined slightly by -0.3%, closing at $74.74. Moreover, this decline was accompanied by exceptionally high trading volume at 200% of normal. The stock has risen 11.8% during the last week and has performed in line with the market over the last nine months.
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, leading to the Neutral Value Trend Rating.
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