CarMax (NYSE:KMX) has been given a $75.00 price objective by investment analysts at Wedbush in a report released on Friday, March 16th. The firm presently has a “buy” rating on the stock. Wedbush’s target price would indicate a potential upside of 24.38% from the stock’s current price.
KMX has been the subject of a number of other research reports. Susquehanna Bancshares set a $68.00 target price on shares of CarMax and gave the company a “hold” rating in a research report on Tuesday, December 26th. Deutsche Bank dropped their price target on CarMax from $84.00 to $76.00 and set a “hold” rating for the company in a research note on Sunday, November 26th. UBS raised CarMax from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 18th. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Wednesday, November 22nd. Finally, Credit Suisse Group set a $78.00 price target on CarMax and gave the company a “buy” rating in a research note on Tuesday, March 13th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $78.85.
Shares of CarMax stock traded down $1.94 during trading on Friday, reaching $60.30. The company’s stock had a trading volume of 2,296,676 shares, compared to its average volume of 2,169,347. The stock has a market cap of $10,905.13, a PE ratio of 16.30, a PEG ratio of 0.92 and a beta of 1.55. CarMax has a 52 week low of $55.05 and a 52 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 announced its earnings results on Wednesday, April 4th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.10). The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.18 billion. CarMax had a net margin of 3.88% and a return on equity of 21.09%. The company’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. equities research analysts predict that CarMax will post 4.34 earnings per share for the current fiscal year.
In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $61.92, for a total transaction of $495,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric M. Margolin sold 20,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $71.78, for a total value of $1,435,600.00. Following the transaction, the executive vice president now directly owns 41,051 shares of the company’s stock, valued at approximately $2,946,640.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,584 shares of company stock valued at $3,553,344. Insiders own 1.70% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new position in shares of CarMax in the fourth quarter valued at approximately $121,000. Tredje AP fonden acquired a new position in shares of CarMax in the third quarter valued at approximately $144,000. Captrust Financial Advisors acquired a new position in shares of CarMax in the fourth quarter valued at approximately $134,000. Prime Capital Investment Advisors LLC acquired a new position in shares of CarMax in the fourth quarter valued at approximately $156,000. Finally, Virtue Capital Management LLC acquired a new position in shares of CarMax in the fourth quarter valued at approximately $169,000.
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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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