Shares of CarMax, Inc (NYSE:KMX) have been given a consensus recommendation of “Buy” by the twenty analysts that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $79.88.
A number of brokerages have recently weighed in on KMX. Zacks Investment Research cut CarMax from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Wedbush restated an “outperform” rating and issued a $81.00 price target on shares of CarMax in a research report on Wednesday, January 10th. Susquehanna Bancshares set a $68.00 price target on CarMax and gave the company a “hold” rating in a research report on Tuesday, December 26th. Deutsche Bank dropped their price target on CarMax from $84.00 to $76.00 and set a “hold” rating for the company in a research report on Sunday, November 26th. Finally, UBS Group upgraded CarMax from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 18th.
Shares of CarMax (NYSE:KMX) traded down $0.76 during mid-day trading on Friday, hitting $62.13. The stock had a trading volume of 1,166,996 shares, compared to its average volume of 2,279,302. CarMax has a twelve month low of $54.29 and a twelve month high of $77.64. The stock has a market capitalization of $11,350.01, a PE ratio of 16.72, a P/E/G ratio of 1.10 and a beta of 1.53. The company has a current ratio of 2.70, a quick ratio of 0.51 and a debt-to-equity ratio of 3.83.
CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 21st. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). CarMax had a net margin of 4.07% and a return on equity of 21.77%. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the business earned $0.72 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. analysts forecast that CarMax will post 3.84 EPS for the current year.
In other CarMax news, EVP Eric M. Margolin sold 20,000 shares of CarMax stock in a transaction dated Friday, January 26th. The stock was 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Darren C. Newberry sold 6,584 shares of CarMax stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $72.61, for a total value of $478,064.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,584 shares of company stock valued at $5,155,424. 1.90% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Cerebellum GP LLC purchased a new stake in CarMax in the 4th quarter valued at about $121,000. Captrust Financial Advisors purchased a new stake in CarMax in the 4th quarter valued at about $134,000. Tredje AP fonden purchased a new stake in CarMax in the 3rd quarter valued at about $144,000. Prime Capital Investment Advisors LLC purchased a new stake in CarMax in the 4th quarter valued at about $156,000. Finally, Virtue Capital Management LLC purchased a new stake in CarMax in the 4th quarter valued at about $169,000.
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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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