Impact of Brokerage Rating on CarMax Inc(KMX)

Many CarMax Inc(KMX) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. CarMax Inc was Downgraded by Morgan Stanley to Underweight on Feb 1, 2017. CarMax Inc was Reiterated by Wedbush to Neutral on Jan 18, 2017.

Company has reported several Insider transactions to the SEC, on Feb 1, 2017, William C Jr. Wood (EVP & COO) sold 6,203 shares at 66.24 per share price.On Jan 30, 2017, Jon G Daniels (SVP, CAF) sold 20,000 shares at 68.72 per share price.On Jan 19, 2017, W Robert Grafton (director) sold 9,408 shares at 66.72 per share price.

CarMax Inc Last issued its quarterly earnings results on Dec 20, 2016. The company reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.71. The company had revenue of $3701.50 million for the quarter, compared to analysts expectations of $3748.90 million. The companys revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

CarMax Inc (NYSE:KMX) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.2 by 10 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

CarMax Inc (NYSE:KMX): 9 Analyst have given the stock of CarMax Inc (NYSE:KMX) a near short term price target of $67.44. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $11.27. The higher price target estimate is at $84 while the lower price estimates are fixed at $48.

CarMax Inc (NYSE:KMX) rose 1.07% or 0.72 points on Tuesday and made its way into the gainers of the day. After trading began at $67.5 the stock was seen hitting $68.31 as a peak level and $67.3 as the lowest level. The stock ended up at $68.22. The daily volume was measured at 1,308,614 shares. The 52-week high of the share price is $68.86 and the 52-week low is $43.47. The company has a market cap of $12,765 million.

CarMax, Inc. operates as a retailer of used cars. The Company also sells vehicles through on-site wholesale auctions, as well as sells new vehicles under franchise agreements. It operates used car superstores, provides customers with a range of other related products and services, including the appraisal and purchase of vehicles directly from consumers, the sale of extended service plans, guaranteed asset protection and accessories and vehicle repair service. CarMax, Inc. is based in Richmond, Virginia.


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