Is There A Value in CarMax Inc. (NYSE:KMX) And Waste Connections Inc. (NYSE:WCN)

The shares of CarMax Inc. (NYSE:KMX) has been pegged with a rating of Outperform by Evercore ISI in its latest research note that was published on February 07, 2020. Evercore ISI wasn’t the only research firm that published a report of CarMax Inc., with other equities research analysts also giving their opinion on the stock. The stock had earned Buy rating from Argus Markets when it published its report on June 28, 2019. That day the Argus set price target on the stock to $100. Buckingham Research was of a view that KMX is Neutral in its latest report on June 24, 2019. Stephens thinks that KMX is worth Overweight rating. This was contained in the firm’s report on April 01, 2019 in which the stock’s price target was also moved to 93.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 11 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $97.17. The price of the stock the last time has raised by 69.94% from its 52-Week high price while it is -38.09% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 43.04.

The shares of the company added by 13.42% during the trading session on Wednesday, reaching a low of $54.24 while ending the day at $63.88. During the trading session, a total of 3.02 million shares were traded which represents a -84.38% decline from the average session volume which is 1.64 million shares. KMX had ended its last session trading at $56.32. CarMax Inc. currently has a market cap of $10.46 billion, while its P/E ratio stands at 12.39, while its P/E earnings growth sits at 1.08, with a beta of 1.52. CarMax Inc. debt-to-equity ratio currently stands at 4.08, while its quick ratio hovers at 0.50 KMX 52-week low price stands at $37.59 while its 52-week high price is $103.18.

The company in its last quarterly report recorded $1.04 earnings per share which is below the predicted by most analysts. The CarMax Inc. generated 515.08 million in revenue during the last quarter. In the second quarter last year, the firm recorded $1.40 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -8.65%. CarMax Inc. has the potential to record 5.15 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Goldman published a research note on March 13, 2020 where it informed investors and clients that Waste Connections Inc. (NYSE:WCN) is now rated as Neutral. Their price target on the stock stands at $94. Even though the stock has been trading at $75.34/share, analysts expect it to down by -5.14% to reach $109.08/share. It started the day trading at $76.32 and traded between $70.87 and $71.47 throughout the trading session.

A look at its technical shows that WCN’s 50-day SMA is 95.49 while its 200-day SMA stands at 92.87. The stock has a high of $105.17 for the year while the low is $71.52. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 1.81 M shorted shares, the short percentage went higher by 8.76%, as 1.97M KMX shares were shorted. At the moment, only 0.69% of Waste Connections Inc. shares were sold short. The company’s P/E ratio currently sits at 33.35, while the P/B ratio is 2.72. The company’s average trading volume currently stands at 1.26M shares, which means that the short-interest ratio is just 1.44 days. Over the past seven days, the company moved, with its shift of -15.26%. Looking further, the stock has dropped -20.82% over the past 90 days while it lost -21.72% over the last six months.

Following these latest developments, around 1.00% of Waste Connections Inc. stocks are owned by institutional investors and hedge funds.