CarMax, Inc. (NYSE:KMX) Given Consensus Rating of “Reduce” by Analysts

CarMax, Inc. (NYSE:KMX) has been assigned an average rating of “Reduce” from the nineteen research firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $39.2143.

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a report on Friday, January 9th. Stephens lowered their price objective on shares of CarMax from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, December 19th. Royal Bank Of Canada upped their price objective on shares of CarMax from $34.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, December 19th. Benchmark reiterated a “hold” rating on shares of CarMax in a research report on Tuesday, December 16th. Finally, Robert W. Baird lifted their target price on shares of CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th.

CarMax Stock Down 2.2%

Shares of CarMax stock opened at $39.98 on Tuesday. The stock has a 50-day moving average price of $43.63 and a 200 day moving average price of $42.99. The company has a market cap of $5.67 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.04 and a beta of 1.35. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74. CarMax has a 1 year low of $30.26 and a 1 year high of $82.79.

Institutional Trading of CarMax

Institutional investors have recently bought and sold shares of the company. SRS Investment Management LLC grew its stake in CarMax by 1,717.5% in the fourth quarter. SRS Investment Management LLC now owns 5,637,803 shares of the company’s stock valued at $217,845,000 after purchasing an additional 5,327,603 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of CarMax by 151.8% during the 4th quarter. AQR Capital Management LLC now owns 7,930,345 shares of the company’s stock worth $306,429,000 after purchasing an additional 4,780,903 shares in the last quarter. Norges Bank acquired a new stake in shares of CarMax during the 4th quarter valued at about $159,232,000. Arrowstreet Capital Limited Partnership grew its stake in shares of CarMax by 1,410.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,028,718 shares of the company’s stock valued at $136,350,000 after buying an additional 1,894,408 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of CarMax by 795.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,846,406 shares of the company’s stock valued at $124,097,000 after buying an additional 1,640,219 shares in the last quarter.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.