CarMax (NYSE:KMX) Price Target Raised to $79.00 at Evercore ISI

CarMax (NYSE:KMX - Get Free Report) had its price target lifted by research analysts at Evercore ISI from $76.00 to $79.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an "in-line" rating on the stock. Evercore ISI's price objective suggests a potential upside of 5.17% from the stock's current price.

Other analysts have also recently issued research reports about the stock. Oppenheimer reaffirmed an "outperform" rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Morgan Stanley reaffirmed an "overweight" rating and set a $80.00 price target on shares of CarMax in a research report on Friday, June 21st. JPMorgan Chase & Co. upped their price target on shares of CarMax from $55.00 to $65.00 and gave the company an "underweight" rating in a research report on Thursday, September 19th. Argus upgraded shares of CarMax to a "hold" rating in a report on Tuesday, June 25th. Finally, BNP Paribas upgraded shares of CarMax to a "strong sell" rating in a report on Friday, September 27th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, CarMax presently has an average rating of "Hold" and an average price target of $79.73.

CarMax Trading Up 0.4 %

Shares of CarMax stock traded up $0.31 during trading on Thursday, hitting $75.12. The company's stock had a trading volume of 1,222,351 shares, compared to its average volume of 1,939,490. 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 has a 52 week low of $59.66 and a 52 week high of $88.22. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 1.46 and a beta of 1.68. The stock has a 50-day moving average price of $78.04 and a two-hundred day moving average price of $75.39.

CarMax (NYSE:KMX - Get Free Report) last issued its quarterly earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business's revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $0.75 EPS. Equities research analysts anticipate that CarMax will post 2.97 EPS for the current fiscal year.

Insider Buying and Selling

In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $82.26, for a total value of $2,056,500.00. Following the completion of the sale, the executive vice president now owns 11,738 shares in the company, valued at approximately $965,567.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $82.26, for a total value of $2,056,500.00. Following the completion of the sale, the executive vice president now owns 11,738 shares in the company, valued at approximately $965,567.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Charles Joseph Wilson sold 10,021 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total transaction of $801,880.42. Following the completion of the sale, the chief operating officer now owns 15,609 shares of the company's stock, valued at approximately $1,249,032.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KMX. Baker Tilly Wealth Management LLC boosted its holdings in CarMax by 4.6% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company's stock worth $217,000 after buying an additional 130 shares during the period. GAMMA Investing LLC boosted its holdings in CarMax by 6.5% in the 1st quarter. GAMMA Investing LLC now owns 2,156 shares of the company's stock worth $188,000 after buying an additional 131 shares during the period. Peoples Bank KS boosted its holdings in CarMax by 10.0% in the 2nd quarter. Peoples Bank KS now owns 1,479 shares of the company's stock worth $108,000 after buying an additional 135 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in CarMax by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company's stock worth $456,000 after buying an additional 142 shares during the period. Finally, Allegheny Financial Group LTD boosted its holdings in CarMax by 4.1% in the 2nd quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company's stock worth $264,000 after buying an additional 143 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.