CarMax Inc (NYSE: KMX) has reported earnings for its fourth fiscal quarter (ending February 28) of $0.32 versus $0.44 for the same period a year ago — a decline of -27%. This result fell short of the consensus estimate of $0.46 by $-0.14. For the latest four quarters through February 28, E.P.S. were $3.03 versus $3.05 for the same period a year ago — a decline of -1%.
Recent Price Action
On 4/11/24, CarMax Inc (NYSE: KMX) stock suffered a large decline of -9.2%, closing at $71.98. Moreover, exceptionally high trading volume at 734% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -13.9% during the last week.
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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. CarMax has a neutral Appreciation Score of 59 and 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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