Top Stocks of the day: CarMax Inc. (NYSE:KMX)

Morgan Stanley downgraded shares of CarMax from an "equal weight" rating to an "underweight" rating and set a $48.00 price objective on the a report on Wednesday, February 1st.

Check back later for our full write up on CarMax' earnings report!

Shares of CarMax, Inc (NYSE:KMX) opened at 56.67 on Tuesday. The company presently has a consensus rating of "Buy" and an average price target of $65.08. World Asset Management Inc now owns 19,550 shares of the company's stock valued at $1,043,000 after buying an additional 228 shares during the last quarter. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company.

When it comes to the Analysis of a Stock, Price Target plays a vital role. (NYSE:KMX) is at 29.32. In terms of the relative level of interest afforded this stock among active participants in the market, relative volume measures have been weak, indicating apathy for the name by traders, investors, and money managers during the past month of action.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -4.78%, and has a poor year to date (YTD) performance of -13.31% which means the stock is constantly subtracting to its value from the previous fiscal year end price.

CarMax Inc. (KMX) has a market capitalization of 10.44 Billion. CarMax has a 12 month low of $45.06 and a 12 month high of $69.11.

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In related news, COO William C. Jr. The shares were sold at an average price of $67.15, for a total transaction of $2,014,500.00.

The number of shares now held by investors is 187.12 Million. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Mohammad Shamim sold 30,404 shares of the firm's stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $66.53, for a total transaction of $2,321,497.82. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 17,557,337 shares of the stock are valued at $1.04 billion. The disclosure for this sale can be found here.

CarMax shares closed down 1.4 percent at $59.22 per share on Friday and have fallen more than 8 percent so far this year.

A number of other research firms also recently issued reports on KMX. Wedbush restated a "neutral" rating on shares of CarMax in a research note on Wednesday, January 18th.

They expect $0.79 EPS, up 6.33% or $0.05 from last year's $0.74 per share. They are projecting Next Quarter growth of 8.9%. Can raised its stake in shares of CarMax by 1.2% in the third quarter. CarMax Inc. has a 12 month low of $41.25 and a 12 month high of $68.06.

Net sales and operating revenues climbed 9.3% to US$4.0bn from US$3.7bn, supported by a 13.4% growth in used vehicle sales.

During the fourth quarter of fiscal 2017, CarMax opened 4 stores.

  • Zachary Reyes