CarMax (NYSE:KMX) Given New $80.00 Price Target at Mizuho

CarMax (NYSE:KMX - Free Report) had its price objective upped by Mizuho from $72.00 to $80.00 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages also recently issued reports on KMX. Truist Financial increased their price target on CarMax from $70.00 to $75.00 and gave the stock a "hold" rating in a research report on Monday, September 23rd. Royal Bank of Canada raised their price target on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday. Oppenheimer reaffirmed an "outperform" rating and set a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of CarMax in a report on Wednesday, October 16th. Finally, Wedbush reaffirmed an "outperform" rating and set a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $85.17.

CarMax Stock Performance

KMX stock traded up $0.04 during trading hours on Friday, hitting $84.27. 4,188,560 shares of the stock were exchanged, compared to its average volume of 1,945,593. The company has a 50-day simple moving average of $78.77 and a two-hundred day simple moving average of $77.55. The firm has a market capitalization of $13.06 billion, a P/E ratio of 31.68, a P/E/G ratio of 1.76 and a beta of 1.71. CarMax has a 12 month low of $65.83 and a 12 month high of $91.25. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93.

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

Institutional Investors Weigh In On CarMax

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its stake in shares of CarMax by 0.6% during 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 in the last quarter. Janus Henderson Group PLC grew its holdings in CarMax by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company's stock worth $359,216,000 after acquiring an additional 28,466 shares during the last quarter. Geode Capital Management LLC increased its position 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 acquiring an additional 14,903 shares during the period. First Pacific Advisors LP raised its stake in shares of CarMax by 2.0% during the second quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company's stock valued at $175,005,000 after acquiring an additional 47,184 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of CarMax by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company's stock worth $147,230,000 after purchasing an additional 51,397 shares during the period.

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.