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Shares of CarMax (NYSE:KMX) hit a new 52-week high during mid-day trading on Friday following a stronger than expected earnings report, Analyst Ratings Network.com reports. The company traded as high as $53.57 and last traded at $53.48, with a volume of 8,219,279 shares changing hands. The stock had previously closed at $45.28.

The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.09. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter last year, the company posted $0.64 earnings per share. CarMax’s revenue was up 13.3% compared to the same quarter last year.

Several analysts have recently commented on the stock. Analysts at William Blair upgraded shares of CarMax from a “market perform” rating to an “outperform” rating in a research note on Friday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of CarMax in a research note on Friday, May 9th. They now have a $47.00 price target on the stock. Finally, analysts at Oppenheimer cut their price target on shares of CarMax from $55.00 to $51.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $51.00.

The stock’s 50-day moving average is $44.8 and its 200-day moving average is $46.40. The company has a market cap of $11.800 billion and a price-to-earnings ratio of 20.96.

CarMax, Inc (NYSE:KMX) is a holding company and its operations are conducted through its subsidiaries.

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