CarMax (NYSE:KMX) had its price target hoisted by Guggenheim from $95.00 to $100.00 in a report published on Wednesday, September 25th, BenzingaRatingsTable reports. They currently have a buy rating on the stock.
KMX has been the topic of a number of other research reports. Oppenheimer boosted their price objective on CarMax from $88.00 to $100.00 and gave the stock an outperform rating in a research note on Friday, June 14th. Royal Bank of Canada boosted their price target on CarMax from $86.00 to $92.00 and gave the stock an outperform rating in a research note on Wednesday, June 19th. Zacks Investment Research upgraded CarMax from a hold rating to a buy rating and set a $85.00 price target on the stock in a research note on Monday, June 10th. Robert W. Baird boosted their price target on CarMax from $80.00 to $99.00 and gave the stock an outperform rating in a research note on Monday, June 24th. Finally, Northcoast Research cut CarMax from a buy rating to a neutral rating and set a $86.50 price target on the stock. in a research note on Friday, June 28th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. CarMax presently has an average rating of Buy and a consensus price target of $95.42.
Shares of NYSE:KMX traded up $3.12 during midday trading on Wednesday, reaching $90.53. The company’s stock had a trading volume of 1,518,432 shares, compared to its average volume of 1,527,873. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 1.30 and a beta of 1.17. The company has a quick ratio of 0.56, a current ratio of 2.42 and a debt-to-equity ratio of 4.11. CarMax has a 1 year low of $55.24 and a 1 year high of $92.01. The business has a 50 day moving average price of $85.21 and a 200 day moving average price of $81.73.
CarMax (NYSE:KMX) last posted its quarterly earnings results on Tuesday, September 24th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.07. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.06 billion. CarMax had a return on equity of 25.50% and a net margin of 4.60%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 earnings per share. Sell-side analysts anticipate that CarMax will post 5.29 earnings per share for the current fiscal year.
In related news, EVP Eric M. Margolin sold 14,699 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $89.06, for a total value of $1,309,092.94. Following the completion of the sale, the executive vice president now owns 31,166 shares in the company, valued at $2,775,643.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mohammad Shamim sold 13,894 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $90.39, for a total transaction of $1,255,878.66. Following the completion of the sale, the senior vice president now owns 16,718 shares of the company’s stock, valued at approximately $1,511,140.02. The disclosure for this sale can be found here. Insiders sold 36,893 shares of company stock worth $3,297,447 over the last ninety days. 2.09% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in KMX. Wetherby Asset Management Inc. boosted its position in shares of CarMax by 3.6% during the second quarter. Wetherby Asset Management Inc. now owns 3,366 shares of the company’s stock worth $292,000 after purchasing an additional 118 shares in the last quarter. Beacon Financial Group lifted its position in CarMax by 2.3% in the 2nd quarter. Beacon Financial Group now owns 5,386 shares of the company’s stock valued at $468,000 after acquiring an additional 119 shares in the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its position in CarMax by 1.4% in the 2nd quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 9,700 shares of the company’s stock valued at $842,000 after acquiring an additional 130 shares in the last quarter. Private Advisor Group LLC lifted its position in CarMax by 2.3% in the 2nd quarter. Private Advisor Group LLC now owns 6,572 shares of the company’s stock valued at $571,000 after acquiring an additional 148 shares in the last quarter. Finally, Eaton Vance Management lifted its position in CarMax by 2.3% in the 2nd quarter. Eaton Vance Management now owns 6,876 shares of the company’s stock valued at $597,000 after acquiring an additional 153 shares in the last quarter.
CarMax Company Profile
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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