CarMax (NYSE:KMX) Given New $83.00 Price Target at Evercore ISI

CarMax (NYSE:KMX) had its target price increased by stock analysts at Evercore ISI from $81.00 to $83.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price target would suggest a potential downside of 0.57% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Truist Financial increased their price target on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. BNP Paribas upgraded CarMax to a “strong sell” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. increased their price objective on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Oppenheimer reissued an “outperform” rating and issued a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Finally, Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $80.09.

CarMax Stock Up 0.4 %

NYSE KMX traded up $0.30 on Tuesday, hitting $83.48. 318,724 shares of the stock were exchanged, compared to its average volume of 1,892,800. CarMax has a fifty-two week low of $64.72 and a fifty-two week high of $88.22. The company has a 50-day moving average price of $75.93 and a 200-day moving average price of $76.21. The company has a market cap of $12.93 billion, a PE ratio of 31.53, a PEG ratio of 1.71 and a beta of 1.71. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. Sell-side analysts anticipate that CarMax will post 2.99 EPS for the current fiscal year.

Institutional Trading of CarMax

A number of institutional investors have recently modified their holdings of KMX. Baker Tilly Wealth Management LLC lifted its position in CarMax by 4.6% during the second quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company’s stock valued at $217,000 after buying an additional 130 shares in the last quarter. Peoples Bank KS raised its position in CarMax by 10.0% in the second quarter. Peoples Bank KS now owns 1,479 shares of the company’s stock valued at $108,000 after purchasing an additional 135 shares during the period. Arete Wealth Advisors LLC lifted its stake in shares of CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after purchasing an additional 141 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of CarMax by 2.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock worth $456,000 after buying an additional 142 shares during the period. Finally, Allegheny Financial Group LTD grew its stake in shares of CarMax by 4.1% in the second quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock valued at $264,000 after buying an additional 143 shares in the last quarter.

About CarMax

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.