Buckingham Research upgraded shares of CarMax (NYSE:KMX) from a neutral rating to a buy rating in a report published on Thursday morning, Marketbeat reports. The brokerage currently has $75.00 price objective on the stock.
Several other analysts have also recently issued reports on KMX. Oppenheimer reissued a hold rating and set a $80.00 price target on shares of CarMax in a research report on Wednesday, December 6th. Zacks Investment Research cut shares of CarMax from a buy rating to a hold rating in a research report on Tuesday, December 12th. Northcoast Research raised shares of CarMax from a neutral rating to a buy rating in a research report on Thursday, December 14th. Wedbush reissued an outperform rating and set a $81.00 price target on shares of CarMax in a research report on Friday, December 22nd. Finally, Credit Suisse Group raised shares of CarMax to a buy rating and set a $83.00 price target on the stock in a research report on Monday, December 25th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $78.85.
Shares of KMX opened at $60.30 on Thursday. The stock has a market cap of $10,905.13, a PE ratio of 16.34, a price-to-earnings-growth ratio of 0.92 and a beta of 1.55. CarMax has a 1 year low of $55.05 and a 1 year 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 issued its quarterly earnings results on Wednesday, April 4th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.10). The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.18 billion. CarMax had a return on equity of 21.09% and a net margin of 3.88%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. analysts predict that CarMax will post 4.34 EPS for the current year.
In related news, EVP Eric M. Margolin sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $71.78, for a total value of $1,435,600.00. Following the sale, the executive vice president now owns 41,051 shares of the company’s stock, valued at $2,946,640.78. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $72.40, for a total transaction of $579,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,584 shares of company stock worth $3,553,344. 1.70% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of KMX. OppenheimerFunds Inc. raised its holdings in CarMax by 11,777.3% in the fourth quarter. OppenheimerFunds Inc. now owns 3,854,895 shares of the company’s stock valued at $247,214,000 after acquiring an additional 3,822,439 shares in the last quarter. Mar Vista Investment Partners LLC acquired a new stake in CarMax in the fourth quarter valued at approximately $38,803,000. Sirios Capital Management L P increased its stake in CarMax by 81.5% in the fourth quarter. Sirios Capital Management L P now owns 1,216,018 shares of the company’s stock valued at $77,983,000 after purchasing an additional 546,024 shares during the last quarter. Calamos Advisors LLC increased its stake in CarMax by 851.9% in the fourth quarter. Calamos Advisors LLC now owns 517,649 shares of the company’s stock valued at $33,197,000 after purchasing an additional 463,268 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in CarMax in the fourth quarter valued at approximately $24,791,000.
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CarMax Company Profile
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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