CarMax (NYSE:KMX) Price Target Raised to $85.00 at Evercore ISI

CarMax (NYSE:KMX - Get Free Report) had its price objective raised by research analysts at Evercore ISI from $83.00 to $85.00 in a report issued on Thursday. The brokerage presently has a "market perform" rating on the stock. Evercore ISI's price objective would indicate a potential upside of 0.91% from the company's current price.

Other equities research analysts have also issued reports about the company. Truist Financial raised their price target on CarMax from $70.00 to $75.00 and gave the stock a "hold" rating in a research note on Monday, September 23rd. BNP Paribas upgraded CarMax to a "strong sell" rating in a research report on Friday, September 27th. Royal Bank of Canada reissued an "outperform" rating and set a $82.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Stephens initiated coverage on CarMax in a report on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 price target for the company. Finally, Wedbush reaffirmed an "outperform" rating and set a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $82.58.

CarMax Trading Up 3.5 %

KMX stock traded up $2.81 during mid-day trading on Thursday, reaching $84.23. 5,329,398 shares of the stock traded hands, compared to its average volume of 1,936,437. CarMax has a one year low of $65.83 and a one year high of $91.25. The stock has a market capitalization of $13.05 billion, a PE ratio of 31.67, a PEG ratio of 1.76 and a beta of 1.71. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The business has a 50-day moving average price of $78.77 and a two-hundred day moving average price of $77.55.

CarMax (NYSE:KMX - Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. Equities research analysts expect that CarMax will post 3.01 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Quarry LP grew its holdings in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company's stock worth $31,000 after purchasing an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of CarMax in the 3rd quarter worth $32,000. True Wealth Design LLC grew its stake in CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company's stock worth $34,000 after buying an additional 436 shares during the last quarter. Blue Trust Inc. increased its position 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. Finally, Studio Investment Management LLC raised its stake in CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company's stock valued at $38,000 after buying an additional 334 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.