CarMax (NYSE:KMX) had its target price trimmed by Bank of America from $104.00 to $98.00 in a research report report published on Thursday morning. The brokerage currently has a buy rating on the stock.
Several other analysts also recently commented on the company. Buckingham Research raised CarMax from a neutral rating to a buy rating and set a $75.00 price objective for the company in a research note on Thursday. Deutsche Bank reduced their price objective on CarMax from $76.00 to $63.00 and set a hold rating for the company in a research note on Thursday. Wedbush reaffirmed an outperform rating and set a $61.94 price objective (down from $75.00) on shares of CarMax in a research note on Monday, April 2nd. William Blair reaffirmed an outperform rating on shares of CarMax in a research note on Tuesday, March 27th. Finally, Credit Suisse Group set a $78.00 price objective 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 issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $78.85.
Shares of NYSE KMX opened at $60.30 on Thursday. The stock has a market capitalization of $10,905.13, a P/E ratio of 16.34, a PEG ratio of 0.96 and a beta of 1.55. The company has a quick ratio of 0.57, a current ratio of 2.61 and a debt-to-equity ratio of 3.84. CarMax has a 52-week low of $55.05 and a 52-week high of $77.64.
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 analysts’ consensus estimates of $0.87 by ($0.10). The firm 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 firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. research analysts forecast that CarMax will post 4.34 earnings per share for the current fiscal year.
In other news, Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction that occurred on 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 available through the SEC website. Also, EVP Eric M. Margolin sold 20,000 shares of the stock in a transaction that occurred on 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 $2,946,640.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,584 shares of company stock valued at $3,553,344. Company insiders own 1.90% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Cerebellum GP LLC purchased a new position in shares of CarMax during the 4th quarter worth approximately $121,000. Captrust Financial Advisors purchased a new position in shares of CarMax during the 4th quarter worth approximately $134,000. Tredje AP fonden purchased a new position in shares of CarMax during the 3rd quarter worth approximately $144,000. Prime Capital Investment Advisors LLC purchased a new position in shares of CarMax during the 4th quarter worth approximately $156,000. Finally, Virtue Capital Management LLC purchased a new position in shares of CarMax during the 4th quarter worth approximately $169,000.
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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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