CarMax (NYSE:KMX)‘s stock had its “buy” rating reaffirmed by stock analysts at Northcoast Research in a report released on Thursday. They presently have a $85.00 price objective on the stock. Northcoast Research’s target price suggests a potential upside of 14.39% from the stock’s previous close. Northcoast Research also issued estimates for CarMax’s Q2 2019 earnings at $1.24 EPS, Q3 2019 earnings at $1.03 EPS, Q4 2019 earnings at $1.00 EPS, FY2019 earnings at $4.60 EPS and FY2020 earnings at $5.00 EPS.
Other equities research analysts have also issued reports about the stock. Gabelli began coverage on shares of CarMax in a research report on Wednesday, June 6th. They set a “buy” rating and a $95.00 target price on the stock. Credit Suisse Group set a $78.00 target price on shares of CarMax and gave the stock a “buy” rating in a research report on Tuesday, March 13th. Robert W. Baird boosted their target price on shares of CarMax from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday. Buckingham Research lowered shares of CarMax from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $75.00 to $84.00 in a research report on Monday. They noted that the move was a valuation call. Finally, Guggenheim lowered shares of CarMax from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research report on Monday. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $82.72.
CarMax opened at $74.31 on Thursday, Marketbeat reports. CarMax has a 1-year low of $57.05 and a 1-year high of $81.67. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.54 and a current ratio of 2.30. The firm has a market capitalization of $13.71 billion, a P/E ratio of 20.08, a PEG ratio of 1.21 and a beta of 1.56.
CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, June 22nd. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.09. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.60 billion. CarMax had a net margin of 3.98% and a return on equity of 21.54%. CarMax’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $1.13 EPS. analysts forecast that CarMax will post 4.39 earnings per share for the current fiscal year.
In other news, EVP Eric M. Margolin sold 20,000 shares of CarMax stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $63.83, for a total transaction of $1,276,600.00. Following the completion of the transaction, the executive vice president now owns 41,051 shares of the company’s stock, valued at approximately $2,620,285.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter J. Bensen purchased 5,000 shares of the business’s stock in a transaction dated Friday, April 6th. The shares were purchased at an average cost of $62.12 per share, with a total value of $310,600.00. Following the purchase, the director now directly owns 5,165 shares in the company, valued at $320,849.80. The disclosure for this purchase can be found here. Insiders have sold a total of 120,297 shares of company stock valued at $7,483,514 in the last ninety days. Corporate insiders own 1.97% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in CarMax by 4.3% in the 1st quarter. Principal Financial Group Inc. now owns 9,658,783 shares of the company’s stock valued at $598,264,000 after purchasing an additional 402,543 shares during the last quarter. OppenheimerFunds Inc. raised its stake in CarMax by 7.8% in the 1st quarter. OppenheimerFunds Inc. now owns 4,153,877 shares of the company’s stock valued at $257,292,000 after purchasing an additional 298,982 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in CarMax by 12.6% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,288,889 shares of the company’s stock valued at $146,786,000 after purchasing an additional 255,310 shares during the last quarter. Geode Capital Management LLC raised its stake in CarMax by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,853,499 shares of the company’s stock valued at $118,604,000 after purchasing an additional 53,620 shares during the last quarter. Finally, DF Dent & Co. Inc. raised its stake in CarMax by 1.9% in the 4th quarter. DF Dent & Co. Inc. now owns 1,568,124 shares of the company’s stock valued at $100,564,000 after purchasing an additional 29,102 shares during the last quarter.
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, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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