CarMax (NYSE:KMX) had its target price trimmed by Credit Suisse Group from $78.00 to $76.00 in a research report released on Friday morning. The brokerage currently has an outperform rating on the stock.
Several other research firms also recently commented on KMX. Berenberg Bank upgraded CarMax from a hold rating to a buy rating and set a $83.00 price objective for the company in a research report on Monday, January 8th. Oppenheimer upgraded CarMax from a market perform rating to an outperform rating and raised their price objective for the stock from $80.00 to $88.00 in a research report on Thursday, January 18th. Wood & Company upgraded CarMax from a market perform rating to an outperform rating and raised their price objective for the stock from $80.00 to $88.00 in a research report on Thursday, January 18th. UBS upgraded CarMax from a market perform rating to an outperform rating in a research report on Thursday, January 18th. Finally, Wedbush restated an outperform rating and set a $81.00 price objective on shares of CarMax in a research report on Wednesday, January 10th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. CarMax currently has a consensus rating of Buy and a consensus price target of $78.85.
Shares of KMX traded down $1.94 during trading hours on Friday, hitting $60.30. 2,296,676 shares of the company were exchanged, compared to its average volume of 2,169,347. The firm has a market cap of $11,255.97, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 0.95 and a beta of 1.55. CarMax has a fifty-two week low of $55.05 and a fifty-two week high of $77.64. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.51 and a current ratio of 2.61.
CarMax (NYSE:KMX) last released its quarterly earnings data on Wednesday, April 4th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.10). The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.18 billion. CarMax had a net margin of 3.88% and a return on equity of 21.09%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the business earned $0.81 earnings per share. research analysts predict that CarMax will post 4.45 earnings per share for the current fiscal year.
In related news, SVP Darren C. Newberry sold 6,584 shares of CarMax stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total transaction of $478,064.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $72.40, for a total value of $579,200.00. The disclosure for this sale can be found here. Insiders sold 50,584 shares of company stock valued at $3,553,344 in the last three months. Insiders own 1.70% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Magnetar Financial LLC bought a new stake in CarMax during the third quarter worth $1,445,000. Leith Wheeler Investment Counsel Ltd. lifted its holdings in CarMax by 10.5% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 33,909 shares of the company’s stock worth $2,175,000 after acquiring an additional 3,210 shares during the period. Mar Vista Investment Partners LLC bought a new stake in CarMax during the fourth quarter worth $38,803,000. LFL Advisers LLC lifted its holdings in CarMax by 27.3% during the fourth quarter. LFL Advisers LLC now owns 210,000 shares of the company’s stock worth $13,467,000 after acquiring an additional 45,000 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of CarMax by 1.9% in the third quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock valued at $33,008,000 after buying an additional 8,205 shares during the period.
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CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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