Shares of CarMax, Inc (NYSE:KMX) have been assigned an average rating of “Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $96.71.
KMX has been the topic of a number of research analyst reports. Wedbush reiterated a “neutral” rating on shares of CarMax in a report on Thursday, October 3rd. ValuEngine lowered shares of CarMax from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Buckingham Research lifted their price target on shares of CarMax from $94.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Guggenheim lifted their price target on shares of CarMax from $95.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, Stephens lifted their price target on shares of CarMax from $95.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th.
In other news, SVP Darren C. Newberry sold 24,551 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $90.51, for a total value of $2,222,111.01. Following the transaction, the senior vice president now owns 7,413 shares of the company’s stock, valued at approximately $670,950.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.09% of the company’s stock.
Several hedge funds have recently modified their holdings of KMX. AdvisorNet Financial Inc increased its stake in CarMax by 86.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 398 shares of the company’s stock worth $35,000 after buying an additional 185 shares during the period. NuWave Investment Management LLC increased its stake in CarMax by 466.7% during the 3rd quarter. NuWave Investment Management LLC now owns 425 shares of the company’s stock worth $37,000 after buying an additional 350 shares during the period. Hanson & Doremus Investment Management purchased a new stake in CarMax during the 2nd quarter worth $51,000. FNY Investment Advisers LLC increased its stake in CarMax by 6,633.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 588 shares of the company’s stock worth $51,000 after buying an additional 597 shares during the period. Finally, Capital Investment Advisory Services LLC increased its stake in CarMax by 1,397.4% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 584 shares of the company’s stock worth $51,000 after buying an additional 545 shares during the period.
Shares of KMX traded up $0.96 during mid-day trading on Monday, reaching $96.84. The company had a trading volume of 821,039 shares, compared to its average volume of 1,617,089. The stock has a market cap of $15.48 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The firm has a fifty day simple moving average of $91.64 and a 200-day simple moving average of $85.35. CarMax has a fifty-two week low of $55.24 and a fifty-two week high of $97.27. The company has a current ratio of 2.42, a quick ratio of 0.56 and a debt-to-equity ratio of 4.11.
CarMax (NYSE:KMX) last announced its quarterly earnings results on Tuesday, September 24th. The company reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.07. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.06 billion. CarMax had a net margin of 4.60% and a return on equity of 25.50%. CarMax’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $1.24 EPS. As a group, equities analysts predict that CarMax will post 5.29 EPS for the current fiscal year.
CarMax Company Profile
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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