Analysts Set CarMax, Inc. (NYSE:KMX) Price Target at $85.17

CarMax, Inc. (NYSE:KMX - Get Free Report) has earned a consensus recommendation of "Hold" from the fourteen research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $85.17.

A number of equities research analysts recently weighed in on KMX shares. Evercore ISI boosted their price objective on CarMax from $83.00 to $85.00 and gave the stock a "market perform" rating in a research report on Thursday, December 19th. Truist Financial boosted their price target on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Stephens assumed coverage on shares of CarMax in a research report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 target price on the stock. StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada raised their price target on shares of CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th.

CarMax Price Performance

Shares of KMX traded down $1.15 during mid-day trading on Friday, reaching $80.07. The company had a trading volume of 1,963,237 shares, compared to its average volume of 1,838,918. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 1.74 and a beta of 1.71. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The company's 50 day simple moving average is $80.97 and its 200 day simple moving average is $78.63. CarMax has a 1-year low of $65.83 and a 1-year high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last issued its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.19. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share. Analysts expect that CarMax will post 3.01 EPS for the current year.

Insider Activity at CarMax

In other CarMax news, CEO William D. Nash sold 120,513 shares of CarMax 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 sale, the chief executive officer now directly owns 181,683 shares of the company's stock, valued at approximately $15,123,292.92. The trade was a 39.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mohammad Shamim sold 10,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.77, for a total transaction of $837,700.00. Following the transaction, the executive vice president now directly owns 11,738 shares in the company, valued at $983,292.26. This trade represents a 46.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 228,744 shares of company stock worth $18,990,227 in the last 90 days. Corporate insiders own 1.66% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new position in shares of CarMax during the third quarter worth approximately $6,942,000. Sumitomo Mitsui Trust Group Inc. increased its stake in CarMax by 3.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company's stock valued at $27,188,000 after purchasing an additional 10,898 shares in the last quarter. Eagle Rock Investment Company LLC acquired a new position in CarMax during the third quarter worth $747,000. Neo Ivy Capital Management bought a new position in shares of CarMax in the third quarter valued at $3,934,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of CarMax during the third quarter valued at about $537,000.

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.