CarMax Inc (NYSE: KMX) has reported earnings for its second fiscal quarter (ending August 31) of $0.85 versus $0.75 for the same period a year ago. E.P.S. were $2.66 for the latest four quarters through August 31 versus $2.87 for the same period a year ago.
Recent Price Action
CarMax Inc (NYSE: KMX) stock enjoyed a large increase of 5.0% on 9/26/24. The stock closed at $78.21. Moreover, this advance was accompanied by exceptionally high trading volume at 378% of normal. The stock has performed in line with the market over the last nine months and has risen 1.3% 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 (High 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 72 but a neutral Power Rating of 46, triggering the High 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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