Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of CarMax from a hold rating to a buy rating and set a $83.00 target price on the stock in a report on Tuesday, September 26th. Deutsche Bank restated a buy rating and set a $84.00 target price on shares of CarMax in a report on Monday, September 25th. Citigroup boosted their target price on shares of CarMax to $84.00 and gave the stock a buy rating in a report on Monday, September 25th. Berenberg Bank started coverage on shares of CarMax in a report on Wednesday, October 4th. They issued a hold rating and a $83.00 price objective on the stock. Finally, ValuEngine downgraded shares of CarMax from a buy rating to a hold rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. CarMax has an average rating of Hold and a consensus target price of $77.00.
Shares of CarMax (NYSE KMX) traded down $1.17 on Wednesday, reaching $66.55. 2,305,800 shares of the company were exchanged, compared to its average volume of 2,226,364. The firm has a market capitalization of $12,110.00, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.14 and a beta of 1.47. CarMax has a fifty-two week low of $54.29 and a fifty-two week high of $77.64. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.48 and a current ratio of 2.33.
CarMax (NYSE:KMX) last issued its earnings results on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.03. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. analysts predict that CarMax will post 3.84 earnings per share for the current year.
In other news, Director Thomas J. Folliard sold 16,000 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $68.39, for a total value of $1,094,240.00. Following the completion of the sale, the director now owns 495,572 shares of the company’s stock, valued at $33,892,169.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William R. Tiefel sold 23,000 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $76.39, for a total transaction of $1,756,970.00. The disclosure for this sale can be found here. In the last three months, insiders sold 625,955 shares of company stock valued at $46,214,378. 1.70% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in KMX. QS Investors LLC lifted its position in CarMax by 1.0% during the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after purchasing an additional 22 shares during the period. YorkBridge Wealth Partners LLC lifted its position in CarMax by 1.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock worth $149,000 after purchasing an additional 29 shares during the period. Thrivent Financial For Lutherans lifted its position in CarMax by 2.3% during the second quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock worth $441,000 after purchasing an additional 160 shares during the period. Advisor Partners LLC lifted its position in CarMax by 5.6% during the second quarter. Advisor Partners LLC now owns 3,810 shares of the company’s stock worth $240,000 after purchasing an additional 201 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in CarMax by 2.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,878 shares of the company’s stock worth $560,000 after purchasing an additional 214 shares during the period.
CarMax Company Profile
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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