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Tuesday, January 31, 2023

Make Sure You Stick With CarMax Inc. (KMX). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for CarMax Inc. (KMX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.20, or -0.31%, to $64.92. The CarMax Inc. has recorded 63,547 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Carmax Reports Third Quarter Fiscal 2023 Results.

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Stocks Info

CarMax Inc. is listed on the NYSE in the Consumer Cyclical sector while operating in the Auto & Truck Dealerships industry. At the end of the last regular session, the stock closed at $65.12 and fluctuated between $65.14 as its day high and $61.71 as its day low. The current market capitalization of CarMax Inc. is $10.35B. A total of 3.24 million shares were traded on the day, compared to an average of 2.75M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, KMX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 13 SELLs from insiders. Insiders purchased 58,146 shares during that period but sold 59,587.

In the most recent transaction, Nash William D bought 8,220 shares of KMX for 60.98 per share on Dec 30. After the transaction, the President & CEO now owns 165,128 company shares. In a previous transaction on Jul 21, Cafritz Diane L sold 15,555 shares at 94.75 per share. KMX shares that EVP, General Counsel & CHRO owns now total 4,988.

Among the insiders who sold shares, Shamim Mohammad disposed of 3,456 shares on Jul 18 at a per-share price of $93.91. This resulted in the EVP and CITO holding 8,769 shares of KMX after the transaction. In another insider transaction, Cafritz Diane L sold 18,092 shares at $91.06 per share on Jul 01. Company shares held by the EVP, General Counsel & CHRO now total 4,988.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for KMX in the last 3 months, the mean price target is $61.93 with high estimates of $85.00 and low estimates of $26.00. In terms of 52-week highs and lows, KMX has a high of $129.05 and a low of $52.10.

As of this writing, KMX has an earnings estimate of $0.74 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.07 per share and a lower estimate of $0.5. The company reported an EPS of $1.56 in the last quarter, which was 4.70% higher than expectations of $1.49.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 20 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KMX is Sell with a score of 3.85. A total of 9 analysts rated the stock as Buy while 1 rated it as Overweight while 8 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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