CarMax (NYSE:KMX) Price Target Cut to $90.00 by Analysts at Robert W. Baird

CarMax (NYSE:KMX - Free Report) had its price objective cut by Robert W. Baird from $95.00 to $90.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently commented on KMX. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Wedbush restated an "outperform" rating and issued a $100.00 price objective on shares of CarMax in a research note on Tuesday, April 1st. Truist Financial increased their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. Needham & Company LLC dropped their price target on CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. decreased their price objective on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CarMax presently has an average rating of "Hold" and a consensus price target of $87.73.

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CarMax Stock Performance

NYSE:KMX traded down $3.47 during mid-day trading on Friday, reaching $64.26. 1,576,522 shares of the stock were exchanged, compared to its average volume of 2,081,675. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax has a 1 year low of $63.23 and a 1 year high of $91.25. The company has a 50 day simple moving average of $77.90 and a 200-day simple moving average of $79.02. The stock has a market capitalization of $9.81 billion, a P/E ratio of 21.78, a P/E/G ratio of 1.67 and a beta of 1.58.

Insider Buying and Selling

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares in the company, valued at approximately $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CarMax

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

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.