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.
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.
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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.
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