CarMax Target of Unusually Large Options Trading (KMX)
Shares of CarMax (NYSE:KMX) was the target of some unusual options trading on Monday. Traders acquired 11,028 put options on the stock, AnalystRatingsNetwork.com reports. This is an increase of 1,384% compared to the average daily volume of 743 put options.
KMX has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of CarMax (NYSE:KMX) from $41.00 to $46.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at Zacks reiterated a “hold” rating on shares of CarMax (NYSE:KMX) in a research note to investors on Friday. They now have a $48.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of CarMax (NYSE:KMX) from $52.00 to $61.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock.
Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. CarMax has a consensus rating of “Buy” and an average price target of $48.83.
Shares of CarMax (NYSE:KMX) opened at 50.01 on Tuesday. CarMax has a 1-year low of $28.04 and a 1-year high of $52.27. The stock’s 50-day moving average is $49.46 and its 200-day moving average is $46.40. The company has a market cap of $11.181 billion and a price-to-earnings ratio of 25.16.
CarMax (NYSE:KMX) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. Analysts expect that CarMax will post $2.19 EPS for the current fiscal year.
CarMax, Inc (NYSE:KMX) is a holding company and its operations are conducted through its subsidiaries.
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