CarMax (NYSE:KMX) Reaches New 1-Year Low - Here's Why

CarMax, Inc. (NYSE:KMX - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $62.52 and last traded at $62.73, with a volume of 315598 shares changing hands. The stock had previously closed at $64.59.

Analyst Ratings Changes

KMX has been the topic of several research reports. Robert W. Baird decreased their price target on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Stephens raised shares of 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 note on Wednesday, March 26th. StockNews.com lowered CarMax from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. reduced their price objective on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research report on Thursday, March 27th. Finally, Evercore ISI lowered their price objective on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CarMax has a consensus rating of "Hold" and an average price target of $87.73.

CarMax Trading Down 0.6 %

The business's 50-day simple moving average is $74.76 and its two-hundred day simple moving average is $78.49. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.67 and a beta of 1.58. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

Insider Buying and Selling

In related news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now owns 227 shares of the company's stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.66% of the stock is currently owned by corporate insiders.

Institutional Trading of CarMax

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

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.