JPMorgan Chase & Co. Increases CarMax (NYSE:KMX) Price Target to $72.00

CarMax (NYSE:KMX - Free Report) had its price objective boosted by JPMorgan Chase & Co. from $70.00 to $72.00 in a research note issued to investors on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. BNP Paribas raised CarMax to a "strong sell" rating in a research note on Friday, September 27th. Wedbush reiterated an "outperform" rating and issued a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Oppenheimer reiterated an "outperform" rating and set a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Royal Bank of Canada raised their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Evercore ISI upped their price objective on shares of CarMax from $83.00 to $85.00 and gave the company a "market perform" rating in a report on Thursday. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $85.17.

CarMax Trading Up 0.0 %

NYSE KMX traded up $0.04 on Friday, reaching $84.27. The company had a trading volume of 4,188,560 shares, compared to its average volume of 1,945,593. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 31.68, a P/E/G ratio of 1.76 and a beta of 1.71. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. CarMax has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The business has a 50 day moving average of $78.77 and a two-hundred day moving average of $77.55.

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

Institutional Trading of CarMax

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KMX. State Street Corp raised its holdings in shares of CarMax by 0.6% in the third quarter. State Street Corp now owns 6,193,174 shares of the company's stock valued at $479,228,000 after purchasing an additional 36,959 shares during the last quarter. Janus Henderson Group PLC grew its position in CarMax by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company's stock worth $359,216,000 after purchasing an additional 28,466 shares in the last quarter. Geode Capital Management LLC increased its stake in 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 buying an additional 14,903 shares during the last quarter. First Pacific Advisors LP lifted its position in shares of CarMax by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company's stock worth $175,005,000 after buying an additional 47,184 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of CarMax by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company's stock worth $147,230,000 after buying an additional 51,397 shares in 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.