Brokerages Set CarMax, Inc. (NYSE:KMX) Price Target at $90.45

Shares of CarMax, Inc. (NYSE:KMX - Get Free Report) have been assigned a consensus recommendation of "Hold" from the thirteen analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $90.45.

A number of analysts have recently issued reports on KMX shares. Royal Bank of Canada boosted their target price on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. Stephens assumed coverage on shares of CarMax in a research note on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price objective for the company. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Evercore ISI decreased their price target on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Finally, Mizuho raised their price objective on CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, December 20th.

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CarMax Trading Up 1.0 %

CarMax stock traded up $0.76 during midday trading on Friday, reaching $74.30. The stock had a trading volume of 1,967,394 shares, compared to its average volume of 1,905,393. The stock's 50-day simple moving average is $80.77 and its 200 day simple moving average is $79.40. CarMax has a twelve month low of $65.83 and a twelve month high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The stock has a market capitalization of $11.43 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

Insider Buying and Selling at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now directly owns 227 shares of the company's stock, valued at $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the transaction, the vice president now directly owns 9,448 shares in the company, valued at approximately $765,288. This represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,709 shares of company stock valued at $8,495,379 in the last three months. Corporate insiders own 1.66% of the company's stock.

Institutional Investors Weigh In On CarMax

A number of institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of CarMax by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock worth $702,425,000 after purchasing an additional 282,519 shares during the period. Kovitz Investment Group Partners LLC grew its position in shares of CarMax by 348.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company's stock valued at $539,213,000 after buying an additional 5,122,850 shares during the last quarter. State Street Corp raised its stake in CarMax by 0.6% during the third quarter. State Street Corp now owns 6,193,174 shares of the company's stock worth $479,228,000 after acquiring an additional 36,959 shares during the period. Norges Bank bought a new position in CarMax in the fourth quarter worth about $423,187,000. Finally, Janus Henderson Group PLC boosted its stake in CarMax by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 4,671,950 shares of the company's stock valued at $381,978,000 after acquiring an additional 29,715 shares during the period.

CarMax Company Profile

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.