CarMax (NYSE:KMX) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a research report issued on Thursday.
Other analysts have also issued research reports about the stock. Northcoast Research raised shares of CarMax from a “neutral” rating to a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Wednesday, November 22nd. Credit Suisse Group raised shares of CarMax to a “buy” rating and set a $83.00 price target on the stock in a research report on Monday, December 25th. Wedbush set a $81.00 price target on shares of CarMax and gave the company a “buy” rating in a research report on Thursday, December 28th. Finally, Berenberg Bank raised shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Monday, January 8th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. CarMax presently has an average rating of “Buy” and a consensus price target of $79.68.
CarMax (NYSE KMX) opened at $62.76 on Thursday. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83. CarMax has a 12 month low of $54.29 and a 12 month high of $77.64. The firm has a market cap of $11,038.96, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 1.07 and a beta of 1.53.
CarMax (NYSE:KMX) last released its earnings results on Thursday, December 21st. The company reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.01). CarMax had a return on equity of 21.77% and a net margin of 4.07%. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. sell-side analysts predict that CarMax will post 3.84 earnings per share for the current fiscal year.
In related news, EVP Eric M. Margolin sold 20,000 shares of CarMax stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $71.78, for a total value of $1,435,600.00. Following the completion of the sale, the executive vice president now owns 41,051 shares in the company, valued at approximately $2,946,640.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $61.92, for a total transaction of $495,360.00. The disclosure for this sale can be found here. Insiders sold a total of 74,584 shares of company stock valued at $5,155,424 in the last quarter. 1.70% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of CarMax by 27.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,380 shares of the company’s stock worth $217,000 after acquiring an additional 736 shares in the last quarter. Logan Capital Management Inc. grew its stake in shares of CarMax by 6.3% in the fourth quarter. Logan Capital Management Inc. now owns 13,881 shares of the company’s stock worth $891,000 after acquiring an additional 821 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of CarMax by 1.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 60,369 shares of the company’s stock worth $4,577,000 after acquiring an additional 867 shares in the last quarter. Howland Capital Management LLC grew its stake in shares of CarMax by 0.3% in the fourth quarter. Howland Capital Management LLC now owns 308,499 shares of the company’s stock worth $19,784,000 after acquiring an additional 980 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in shares of CarMax by 3.7% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 27,675 shares of the company’s stock worth $2,098,000 after acquiring an additional 1,000 shares in the last quarter.
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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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