CarMax (NYSE:KMX) Stock Rating Upgraded by Evercore ISI

CarMax (NYSE:KMX - Get Free Report) was upgraded by stock analysts at Evercore ISI from an "in-line" rating to an "outperform" rating in a research note issued on Thursday, Marketbeat reports. The firm currently has a $110.00 price objective on the stock, up from their prior price objective of $90.00. Evercore ISI's price target would suggest a potential upside of 29.05% from the stock's previous close.

KMX has been the subject of a number of other research reports. Mizuho boosted their price objective on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, December 20th. Wedbush reaffirmed an "outperform" rating and set a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a research report on Friday, December 20th. Stephens initiated coverage on shares of CarMax in a report on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 target price for the company. Finally, Truist Financial increased their target price on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $87.50.

CarMax Stock Down 1.5 %

KMX traded down $1.30 during trading on Thursday, hitting $85.24. 931,120 shares of the company's stock traded hands, compared to its average volume of 1,478,010. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 1.70 and a beta of 1.72. The company's 50 day simple moving average is $83.11 and its two-hundred day simple moving average is $79.67. CarMax has a 12-month low of $65.83 and a 12-month high of $91.25. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company had revenue of $6.22 billion for the quarter, compared to analysts' expectations of $6.05 billion. During the same period last year, the firm posted $0.52 earnings per share. CarMax's revenue was up 1.2% compared to the same quarter last year. Analysts predict that CarMax will post 3.22 earnings per share for the current fiscal year.

Insider Buying and Selling at CarMax

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the sale, the vice president now directly owns 9,448 shares of the company's stock, valued at $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James Lyski sold 57,986 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total value of $4,717,161.10. Following the completion of the sale, the executive vice president now directly owns 22,803 shares of the company's stock, valued at $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,467 shares of company stock worth $21,915,445 over the last 90 days. 1.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Lakewood Asset Management LLC grew its holdings in CarMax by 0.6% during the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock valued at $1,778,000 after purchasing an additional 135 shares during the last quarter. Arete Wealth Advisors LLC boosted its position in shares of CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock valued at $266,000 after buying an additional 141 shares during the period. Wilmington Savings Fund Society FSB grew its stake in shares of CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock valued at $383,000 after buying an additional 141 shares during the last quarter. Timber Creek Capital Management LLC raised its holdings in shares of CarMax by 0.3% in the fourth quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock worth $4,709,000 after buying an additional 145 shares during the period. Finally, Chemistry Wealth Management LLC lifted its stake in shares of CarMax by 1.4% during the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock worth $999,000 after acquiring an additional 164 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.