CarMax, Inc. (NYSE:KMX) Receives Average Rating of "Hold" from Analysts

Shares of CarMax, Inc. (NYSE:KMX - Get Free Report) have received an average rating of "Hold" from the thirteen analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $79.73.

A number of equities research analysts have commented on KMX shares. Royal Bank of Canada reissued an "outperform" rating and issued a $82.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Evercore ISI boosted their price target on shares of CarMax from $76.00 to $79.00 and gave the company an "in-line" rating in a research note on Thursday, October 17th. Wedbush restated an "outperform" rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Truist Financial lifted their price objective on shares of CarMax from $70.00 to $75.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Finally, StockNews.com upgraded shares of CarMax to a "sell" rating in a report on Friday, July 26th.

CarMax Stock Down 0.2 %

NYSE:KMX traded down $0.18 during trading hours on Friday, reaching $78.03. The company had a trading volume of 1,216,026 shares, compared to its average volume of 1,894,345. CarMax has a twelve month low of $62.76 and a twelve month high of $88.22. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 1.58 and a beta of 1.68. The business's 50-day simple moving average is $75.18 and its two-hundred day simple moving average is $75.44.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same period last year, the company earned $0.75 EPS. CarMax's revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts expect that CarMax will post 2.99 earnings per share for the current year.

Institutional Investors Weigh In On CarMax

A number of institutional investors and hedge funds have recently bought and sold shares of KMX. CANADA LIFE ASSURANCE Co raised its position in shares of CarMax by 29.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company's stock valued at $14,573,000 after buying an additional 37,660 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of CarMax by 10.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company's stock worth $16,238,000 after purchasing an additional 17,557 shares in the last quarter. Swedbank AB bought a new position in shares of CarMax during the 1st quarter valued at about $1,406,000. CWM LLC raised its holdings in shares of CarMax by 69.6% during the 2nd quarter. CWM LLC now owns 17,776 shares of the company's stock valued at $1,304,000 after buying an additional 7,294 shares in the last quarter. Finally, AMF Tjanstepension AB purchased a new position in shares of CarMax during the 2nd quarter valued at about $7,736,000.

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.