CarMax Sees Unusually Large Options Volume (KMX)
CarMax (NYSE:KMX) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 7,045 put options on the company, AnalystRatingsNetwork.com reports. This is an increase of 240% compared to the average volume of 2,073 put options.
KMX has been the subject of a number of recent research reports. Analysts at Credit Suisse raised their price target on shares of CarMax from $54.00 to $58.00 in a research note to investors on Wednesday, September 25th. They now have an “outperform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of CarMax from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 25th. They now have a $55.00 price target on the stock, up previously from $53.00. Finally, analysts at RBC Capital raised their price target on shares of CarMax from $41.00 to $46.00 in a research note to investors on Friday, September 20th. They now have a “sector perform” rating on the stock. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $51.00.
Shares of CarMax (NYSE:KMX) traded up 1.73% during mid-day trading on Wednesday, hitting $48.32. 1,224,332 shares of the company’s stock traded hands. CarMax has a 52 week low of $32.35 and a 52 week high of $52.47. The stock’s 50-day moving average is $49.33 and its 200-day moving average is $47.21. The company has a market cap of $10.792 billion and a price-to-earnings ratio of 22.33.
CarMax (NYSE:KMX) last announced its earnings results 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. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Analysts expect that CarMax will post $2.26 EPS for the current fiscal year.
CarMax, Inc (NYSE:KMX) is a holding company and its operations are conducted through its subsidiaries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.