CarMax, Inc. (NYSE:KMX) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of CarMax, Inc. (NYSE:KMX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $87.73.

A number of research firms have recently commented on KMX. Cfra Research upgraded CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. StockNews.com cut shares of CarMax from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Royal Bank of Canada lowered their price target on shares of CarMax from $103.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Stephens raised CarMax from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Finally, Evercore ISI lowered their target price on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th.

Insiders Place Their Bets

In related news, SVP Tyler Tuite sold 4,869 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the sale, the senior vice president now owns 227 shares of the company's stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.66% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KMX. Cromwell Holdings LLC lifted its holdings in CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Allworth Financial LP increased its position in CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after purchasing an additional 249 shares during the last quarter. Ameriflex Group Inc. bought a new position in CarMax during the fourth quarter valued at $53,000. ST Germain D J Co. Inc. bought a new position in shares of CarMax in the 4th quarter valued at about $58,000. Finally, Colonial Trust Co SC increased its stake in CarMax by 2,310.0% during the fourth quarter. Colonial Trust Co SC now owns 723 shares of the company's stock worth $59,000 after acquiring an additional 693 shares during the last quarter.

CarMax Stock Performance

Shares of KMX traded up $0.39 on Tuesday, reaching $64.50. 2,270,734 shares of the company's stock traded hands, compared to its average volume of 2,086,388. The stock's 50 day simple moving average is $76.62 and its two-hundred day simple moving average is $78.79. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax has a 52-week low of $63.23 and a 52-week high of $91.25. The stock has a market cap of $9.85 billion, a PE ratio of 21.87, a PEG ratio of 1.67 and a beta of 1.58.

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.