A study of analyst recommendations at the major brokerages shows that Carmax Inc. (Symbol: KMX) is the #69 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period. In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the list of stocks with strong buyback activity was ranked according to those averages.
KMX operates in the Auto Dealerships sector, among companies like O'Reilly Automotive, Inc. (ORLY) which is up about 3.7% today, and AutoZone, Inc. (AZO) trading up by about 2.8%. Below is a three month price history chart comparing the stock performance of KMX, versus ORLY and AZO.
KMX is currently trading up about 2.7% midday Wednesday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
