CarMax (NYSE:KMX) Upgraded by StockNews.com to “Sell”

StockNews.com upgraded shares of CarMax (NYSE:KMX) to a sell rating in a report released on Monday.

A number of other research analysts also recently commented on KMX. Bank of America increased their target price on CarMax from $44.00 to $50.00 and gave the stock an underperform rating in a report on Thursday, February 29th. JPMorgan Chase & Co. cut their price target on CarMax from $60.00 to $55.00 and set an underweight rating on the stock in a report on Monday, April 15th. Evercore ISI cut their price target on CarMax from $85.00 to $74.00 and set an in-line rating on the stock in a report on Friday, April 12th. Wedbush reissued an outperform rating and issued a $90.00 price target on shares of CarMax in a report on Tuesday, April 16th. Finally, Needham & Company LLC cut their price target on CarMax from $99.00 to $91.00 and set a buy rating on the stock in a report on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, CarMax has a consensus rating of Hold and a consensus price target of $77.42.

CarMax Trading Up 0.8 %

NYSE:KMX opened at $70.27 on Monday. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The business’s 50 day moving average is $78.13 and its two-hundred day moving average is $72.11. CarMax has a 52 week low of $59.66 and a 52 week high of $88.22. The company has a market cap of $11.06 billion, a PE ratio of 23.19, a P/E/G ratio of 1.12 and a beta of 1.61.

CarMax (NYSE:KMX) last released its earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the business earned $0.44 EPS. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts predict that CarMax will post 3.3 EPS for the current year.

Insider Activity at CarMax

In related news, VP Jill A. Livesay sold 14,199 shares of the firm’s 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 sale, the vice president now directly owns 9,068 shares in the company, valued at approximately $642,830.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the transaction, the executive vice president now directly owns 5,073 shares in the company, valued at approximately $355,515.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the transaction, the vice president now owns 9,068 shares in the company, valued at $642,830.52. The disclosure for this sale can be found here. 1.66% of the stock is owned by insiders.

Hedge Funds Weigh In On CarMax

A number of hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of CarMax by 0.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,644 shares of the company’s stock worth $2,321,000 after buying an additional 200 shares during the period. Premier Path Wealth Partners LLC boosted its position in CarMax by 30.0% during the first quarter. Premier Path Wealth Partners LLC now owns 14,914 shares of the company’s stock valued at $1,296,000 after purchasing an additional 3,439 shares during the last quarter. H&H Retirement Design & Management INC acquired a new stake in shares of CarMax in the first quarter worth about $496,000. Global Retirement Partners LLC lifted its position in shares of CarMax by 18.4% in the first quarter. Global Retirement Partners LLC now owns 10,680 shares of the company’s stock worth $930,000 after buying an additional 1,656 shares during the last quarter. Finally, Rational Advisors LLC acquired a new stake in shares of CarMax in the first quarter worth about $889,000.

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.