CarMax (KMX) Given Consensus Rating of “Buy” by Brokerages

Shares of CarMax (NYSE:KMX) have earned a consensus recommendation of “Buy” from the twenty-one research firms that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $78.91.

A number of equities analysts have issued reports on the company. Credit Suisse Group lowered their target price on CarMax from $78.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, April 6th. Bank of America lowered their target price on CarMax from $104.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, April 5th. Buckingham Research upgraded CarMax from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, April 5th. Deutsche Bank lowered their target price on CarMax from $76.00 to $63.00 and set a “hold” rating for the company in a report on Thursday, April 5th. Finally, Wedbush reiterated an “outperform” rating and set a $61.94 target price (down previously from $75.00) on shares of CarMax in a report on Monday, April 2nd.

How to Become a New Pot Stock Millionaire

In related news, Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $72.40, for a total value of $579,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter J. Bensen bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 6th. The stock was purchased at an average price of $62.12 per share, with a total value of $310,600.00. Following the completion of the purchase, the director now directly owns 5,165 shares in the company, valued at approximately $320,849.80. The disclosure for this purchase can be found here. Insiders sold a total of 101,167 shares of company stock valued at $6,627,779 in the last 90 days. 1.70% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of KMX. Dimensional Fund Advisors LP lifted its stake in CarMax by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,184,080 shares of the company’s stock valued at $89,766,000 after purchasing an additional 3,892 shares during the last quarter. Royce & Associates LP lifted its stake in CarMax by 123.9% in the 3rd quarter. Royce & Associates LP now owns 40,922 shares of the company’s stock valued at $3,102,000 after purchasing an additional 22,647 shares during the last quarter. Janus Henderson Group PLC lifted its stake in CarMax by 3.9% in the 3rd quarter. Janus Henderson Group PLC now owns 72,200 shares of the company’s stock valued at $5,473,000 after purchasing an additional 2,734 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in CarMax by 7.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,475 shares of the company’s stock valued at $1,173,000 after purchasing an additional 1,066 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in CarMax in the 3rd quarter valued at about $865,000.

KMX stock opened at $61.72 on Friday. The stock has a market cap of $11,031.72, a price-to-earnings ratio of 16.68, a PEG ratio of 0.98 and a beta of 1.55. The company has a debt-to-equity ratio of 3.84, a current ratio of 2.61 and a quick ratio of 0.57. CarMax has a 1 year low of $55.05 and a 1 year high of $77.64.

CarMax (NYSE:KMX) last released 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 firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.18 billion. CarMax had a return on equity of 21.09% and a net margin of 3.88%. CarMax’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. sell-side analysts forecast that CarMax will post 4.32 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/15/carmax-kmx-given-consensus-rating-of-buy-by-brokerages.html.

About CarMax

CarMax Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic and imported vehicles; sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and provides extended protection plans to customers at the time of sale.

Analyst Recommendations for CarMax (NYSE:KMX)

Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply