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CarMax, Inc (KMX) Stock Down on Q2 Earnings Miss

On 9/21/2016 CarMax Inc (NYSE:KMX) has shown downward move of -2.04% and ended the last trade at $54.62.

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The stock has received different recommendations from Financial Analysts, according to data provided by FactSet.

The Company has received rating from WSJ analysts. The share price is trading in a range of $0.47 – 0.50. The Company’s CAF segment consists of its own finance operation that provides vehicle financing through CarMax stores. The stock has been given a mean “OVERWEIGHT” rating after the consensus analysis of “35” Analysts. Robert W. Baird reiterated a “neutral” rating and issued a $58.00 target price (down previously from $60.00) on shares of CarMax in a research note on Wednesday, June 22nd. The stock’s low price in its 52 week is $38.51 per share while $58.22 as the 52 week high price.

The stock has its 200-day moving average of $53.73 and $51.91 as its 50-day moving average. The stock has a market cap of $10.46 billion, a PE ratio of 17.85 and a beta of 1.46.

CarMax, Inc (NYSE:KMX) stock was down on Wednesday after the used vehicle dealer released its earnings report for the second quarter of 2017.

Net earnings declined $9.9 million, or 5.7%, to $162.4 million, while net earnings per diluted share rose 2.4% to $0.84. In the same period of a year ago, CarMax posted EPS of $0.82 and $3.88 billion in revenue. CarMax had a return on equity of 20.54% and a net margin of 4.04%.

Jabil Circuit, Inc. (JBL) – The company is set to report its earnings for the current quarter at $0.25 a share on $4.27 billion sales.

Before today’s opening bell, the Richmond, VA-based used auto retailer reported earnings of 84 cents per share, below analysts’ estimates of 88 cents per share.

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Over the last twelve months Carmax, Inc’s share price has decreased from 59.72 to 55.15, changing by -7.65%. The stock was sold at an average price of $57.59, for a total value of $2,987,481.25.

CarMax saw a decline in customer traffic in Q2 weighing on sales