CarMax (NYSE:KMX) Upgraded by StockNews.com to "Hold" Rating

CarMax (NYSE:KMX - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Friday.

Several other equities analysts have also recently issued reports on the company. Truist Financial upped their price objective on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research report on Friday. Royal Bank of Canada boosted their target price on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday. Needham & Company LLC upped their target price on shares of CarMax from $90.00 to $98.00 and gave the company a "buy" rating in a research note on Friday. Stephens assumed coverage on shares of CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price objective for the company. Finally, Evercore ISI raised their target price on shares of CarMax from $83.00 to $85.00 and gave the stock a "market perform" rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $85.17.

CarMax Stock Up 0.0 %

KMX stock traded up $0.04 on Friday, reaching $84.27. 4,188,560 shares of the company traded hands, compared to its average volume of 1,945,593. The firm has a fifty day simple moving average of $78.77 and a 200-day simple moving average of $77.55. The company has a market cap of $13.06 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71. CarMax has a one year low of $65.83 and a one year high of $91.25. 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 (NYSE:KMX - Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. CarMax's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. Research analysts anticipate that CarMax will post 3.01 earnings per share for the current year.

Institutional Trading of CarMax

Several institutional investors and hedge funds have recently modified their holdings of KMX. Blue Trust Inc. grew its holdings in CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company's stock valued at $37,000 after buying an additional 287 shares in the last quarter. Fifth Third Bancorp increased its holdings in CarMax by 2.0% in the 2nd quarter. Fifth Third Bancorp now owns 9,008 shares of the company's stock valued at $661,000 after acquiring an additional 177 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of CarMax by 52.5% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 10,734 shares of the company's stock valued at $787,000 after purchasing an additional 3,695 shares during the last quarter. &PARTNERS grew its position in shares of CarMax by 197.4% during the second quarter. &PARTNERS now owns 7,525 shares of the company's stock valued at $552,000 after purchasing an additional 4,995 shares in the last quarter. Finally, Kanawha Capital Management LLC grew its position in shares of CarMax by 39.1% during the second quarter. Kanawha Capital Management LLC now owns 8,545 shares of the company's stock valued at $627,000 after purchasing an additional 2,401 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.

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