CarMax, Inc. (NYSE:KMX) Receives Consensus Rating of “Hold” from Analysts

CarMax, Inc. (NYSE:KMX) has earned a consensus rating of “Hold” from the twenty research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $51.00.

Several equities analysts recently weighed in on KMX shares. Wall Street Zen upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Robert W. Baird increased their price target on CarMax from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Barclays raised CarMax from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $37.00 to $61.00 in a report on Tuesday, July 21st. Mizuho boosted their price objective on CarMax from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Finally, Royal Bank Of Canada boosted their price objective on CarMax from $41.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th.

Insider Buying and Selling at CarMax

In other news, Director Sona Chawla acquired 2,000 shares of CarMax stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of $53.39 per share, with a total value of $106,780.00. Following the purchase, the director owned 21,702 shares in the company, valued at $1,158,669.78. This trade represents a 10.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Keith Barr purchased 9,400 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of $53.01 per share, for a total transaction of $498,294.00. Following the completion of the purchase, the chief executive officer owned 33,375 shares of the company’s stock, valued at approximately $1,769,208.75. This represents a 39.21% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 13,900 shares of company stock valued at $735,574 over the last quarter. 1.01% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KMX. Jones Financial Companies Lllp grew its holdings in shares of CarMax by 3.1% during the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after purchasing an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in CarMax by 0.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after buying an additional 173 shares during the period. Huntington National Bank lifted its position in CarMax by 62.4% in the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after buying an additional 265 shares during the last quarter. Ossiam lifted its position in CarMax by 19.5% in the second quarter. Ossiam now owns 1,713 shares of the company’s stock valued at $115,000 after buying an additional 280 shares during the last quarter. Finally, Swiss Life Asset Management Ltd boosted its stake in CarMax by 4.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 7,028 shares of the company’s stock worth $272,000 after buying an additional 298 shares during the period.

CarMax Stock Down 1.6%

NYSE:KMX opened at $62.79 on Friday. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.70 and a quick ratio of 0.82. The company’s fifty day moving average price is $56.62 and its 200-day moving average price is $47.48. CarMax has a 1-year low of $30.26 and a 1-year high of $65.28. The firm has a market capitalization of $8.91 billion, a P/E ratio of 41.04, a PEG ratio of 2.92 and a beta of 1.15.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.35. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The company had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.42 billion. During the same period last year, the business earned $1.38 earnings per share. CarMax’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities research analysts anticipate that CarMax will post 2.73 EPS for the current year.

CarMax Company Profile

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.