CarMax, Inc. (NYSE:KMX) Receives $85.17 Average Target Price from Analysts

Shares of CarMax, Inc. (NYSE:KMX - Get Free Report) have received a consensus rating of "Hold" from the fourteen research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $85.17.

A number of research firms recently commented on KMX. Royal Bank of Canada upped their price objective on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. Oppenheimer reissued an "outperform" rating and set a $105.00 price objective on shares of CarMax in a research note on Friday, October 4th. StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. JPMorgan Chase & Co. boosted their price target on shares of CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a report on Friday, December 20th. Finally, Evercore ISI increased their price target on CarMax from $83.00 to $85.00 and gave the stock a "market perform" rating in a report on Thursday, December 19th.

CarMax Price Performance

KMX traded up $1.90 during midday trading on Thursday, hitting $87.60. The company had a trading volume of 1,533,544 shares, compared to its average volume of 1,659,461. CarMax has a twelve month low of $65.83 and a twelve month high of $91.25. The firm's 50-day simple moving average is $82.88 and its 200-day simple moving average is $79.50. The company has a market capitalization of $13.47 billion, a PE ratio of 29.69, a P/E/G ratio of 1.49 and a beta of 1.71. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

CarMax (NYSE:KMX - Get Free Report) last released its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. Equities research analysts predict that CarMax will post 3.19 EPS for the current fiscal year.

Insider Activity at CarMax

In related news, CEO William D. Nash sold 120,513 shares of the firm's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the completion of the transaction, the chief executive officer now directly owns 181,683 shares of the company's stock, valued at approximately $15,123,292.92. This trade represents a 39.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jill A. Livesay sold 13,009 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the completion of the sale, the vice president now directly owns 9,448 shares of the company's stock, valued at approximately $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 259,598 shares of company stock valued at $21,503,625. Insiders own 1.66% of the company's stock.

Institutional Trading of CarMax

Large investors have recently modified their holdings of the stock. State Street Corp raised its position in shares of CarMax by 0.6% in the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company's stock valued at $479,228,000 after buying an additional 36,959 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of CarMax by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company's stock valued at $359,216,000 after purchasing an additional 28,466 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of CarMax by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company's stock valued at $282,479,000 after purchasing an additional 14,903 shares during the last quarter. FMR LLC raised its holdings in shares of CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company's stock worth $137,180,000 after buying an additional 1,713,379 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of CarMax by 0.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,510,325 shares of the company's stock worth $116,869,000 after buying an additional 11,865 shares during 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.