Alert: New Earnings Report (6/21/24)-CarMax Inc (NYSE: KMX).

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For its first fiscal quarter (ending May 31), CarMax Inc (NYSE: KMX) has reported E.P.S. of $0.97 compared to $1.44 a year ago. For the latest four quarters through May 31, E.P.S. were $2.56 versus $2.91 for the same period a year ago.

Recent Price Action

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On 6/21/24, CarMax Inc (NYSE: KMX) stock rose modestly by 0.4%, closing at $71.63. Moreover, this advance was accompanied by exceptionally high trading volume at 274% of normal. The stock has performed in line with the market over the last nine months and has risen 2.2% during the last week.

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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. CarMax has a good Appreciation Score of 71 but a neutral Power Rating of 41, resulting in the Neutral Value Trend Rating.

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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