JPMorgan Chase & Co. Lowers CarMax (NYSE:KMX) Price Target to $55.00

CarMax (NYSE:KMX) had its price objective decreased by JPMorgan Chase & Co. from $60.00 to $55.00 in a research report sent to investors on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other equities analysts have also recently issued reports about the company. Needham & Company LLC lowered their target price on CarMax from $99.00 to $91.00 and set a buy rating for the company in a report on Friday, April 12th. Bank of America raised their target price on CarMax from $44.00 to $50.00 and gave the company an underperform rating in a report on Thursday, February 29th. Evercore ISI lowered their target price on CarMax from $85.00 to $74.00 and set an in-line rating for the company in a report on Friday, April 12th. Mizuho lowered their target price on CarMax from $80.00 to $75.00 and set a neutral rating for the company in a report on Friday, April 12th. Finally, Truist Financial lowered their target price on CarMax from $75.00 to $72.00 and set a hold rating for the company in a report on Friday, April 12th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, CarMax currently has a consensus rating of Hold and a consensus target price of $77.42.

CarMax Stock Down 0.9 %

Shares of NYSE:KMX opened at $67.91 on Monday. The business has a 50-day moving average price of $78.55 and a 200 day moving average price of $72.04. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.10 and a beta of 1.61. CarMax has a 12-month low of $59.66 and a 12-month high of $88.22.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. Sell-side analysts expect that CarMax will post 3.48 EPS for the current year.

Insider Transactions at CarMax

In other news, EVP Diane L. Cafritz sold 2,730 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total transaction of $192,574.20. Following the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Diane L. Cafritz sold 2,730 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total transaction of $192,574.20. Following the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the transaction, the vice president now directly owns 9,068 shares in the company, valued at approximately $642,830.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,929 shares of company stock valued at $2,740,901. Corporate insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. VitalStone Financial LLC acquired a new position in CarMax during the first quarter worth approximately $33,000. Allworth Financial LP increased its position in CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after buying an additional 207 shares during the period. CENTRAL TRUST Co increased its holdings in shares of CarMax by 100.0% in the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in shares of CarMax by 1,081.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after purchasing an additional 400 shares during the period. Finally, Ronald Blue Trust Inc. increased its holdings in shares of CarMax by 194.0% in the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock valued at $31,000 after purchasing an additional 289 shares during the period.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.