CarMax (NYSE:KMX) Stock Rating Upgraded by Stephens

CarMax (NYSE:KMX - Get Free Report) was upgraded by investment analysts at Stephens from an "equal weight" rating to an "overweight" rating in a report issued on Wednesday, Marketbeat.com reports. The brokerage presently has a $90.00 price target on the stock, up from their previous price target of $86.00. Stephens' price objective would indicate a potential upside of 18.55% from the company's current price.

A number of other equities research analysts have also issued reports on KMX. Royal Bank of Canada upped their price target on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research report on Thursday, December 19th. Needham & Company LLC raised their target price on CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Truist Financial boosted their price target 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. StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their price target on CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, CarMax currently has an average rating of "Hold" and an average target price of $90.18.

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CarMax Price Performance

Shares of KMX traded down $1.01 during trading hours on Wednesday, hitting $75.92. 2,799,805 shares of the stock were exchanged, compared to its average volume of 1,976,356. CarMax has a 12-month low of $65.83 and a 12-month high of $91.25. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. The stock's 50-day moving average price is $80.45 and its two-hundred day moving average price is $79.30. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

Insider Buying and Selling at CarMax

In related news, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the transaction, the vice president now directly owns 9,448 shares in the company, valued at $765,288. This trade represents a 57.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction on 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. The trade was a 95.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 93,709 shares of company stock worth $7,642,379. 1.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CarMax

A number of large investors have recently modified their holdings of the business. Centaurus Financial Inc. lifted its holdings in CarMax by 32.1% in the fourth quarter. Centaurus Financial Inc. now owns 9,969 shares of the company's stock valued at $815,000 after acquiring an additional 2,422 shares during the period. Siemens Fonds Invest GmbH purchased a new position in shares of CarMax in the 4th quarter valued at about $1,131,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of CarMax in the fourth quarter valued at about $8,848,000. Ameriflex Group Inc. purchased a new stake in CarMax during the fourth quarter worth about $53,000. Finally, Ascent Group LLC grew its position in CarMax by 7.0% during the fourth quarter. Ascent Group LLC now owns 54,315 shares of the company's stock worth $4,441,000 after buying an additional 3,530 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.