CarMax, Inc. (NYSE:KMX) Receives Average Recommendation of "Hold" from Brokerages

CarMax, Inc. (NYSE:KMX - Get Free Report) has earned a consensus rating of "Hold" from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $76.25.

A number of brokerages have recently commented on KMX. Evercore ISI boosted their price target on CarMax from $68.00 to $72.00 and gave the company an "in-line" rating in a report on Tuesday, July 16th. Needham & Company LLC decreased their price target on shares of CarMax from $91.00 to $87.00 and set a "buy" rating for the company in a research note on Monday, June 24th. Morgan Stanley reissued an "overweight" rating and issued a $80.00 price objective on shares of CarMax in a research report on Friday, June 21st. Argus raised shares of CarMax to a "hold" rating in a research report on Tuesday, June 25th. Finally, Wedbush reiterated an "outperform" rating and issued a $95.00 price target on shares of CarMax in a research note on Friday, August 16th.

Insider Activity at CarMax

In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of the business's stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the transaction, the senior vice president now owns 995 shares of the company's stock, valued at $72,097.70. The sale was disclosed in a document filed with the SEC, which is available through this link. In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of the firm's stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the completion of the sale, the senior vice president now owns 995 shares of the company's stock, valued at approximately $72,097.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Nash sold 120,000 shares of CarMax stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the transaction, the chief executive officer now directly owns 181,683 shares of the company's stock, valued at $14,465,600.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,243 shares of company stock worth $14,893,042. Insiders own 1.66% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in CarMax during the 4th quarter worth $9,420,000. Federated Hermes Inc. bought a new position in CarMax during the fourth quarter worth about $62,000. Atria Wealth Solutions Inc. bought a new position in CarMax during the fourth quarter worth about $228,000. Gilbert & Cook Inc. raised its stake in CarMax by 5.7% in the 4th quarter. Gilbert & Cook Inc. now owns 8,011 shares of the company's stock worth $615,000 after purchasing an additional 431 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in CarMax by 153.5% in the 4th quarter. Van ECK Associates Corp now owns 40,374 shares of the company's stock valued at $3,098,000 after purchasing an additional 24,450 shares during the period.

CarMax Trading Down 0.9 %

KMX traded down $0.76 during trading on Monday, reaching $84.55. 1,163,500 shares of the company's stock were exchanged, compared to its average volume of 1,914,453. The company's fifty day moving average price is $78.69 and its 200-day moving average price is $76.07. The firm has a market capitalization of $13.20 billion, a PE ratio of 33.03, a P/E/G ratio of 1.72 and a beta of 1.69. CarMax has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. The company had revenue of $7.11 billion during the quarter, compared to analysts' expectations of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The business's quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 earnings per share. As a group, equities analysts forecast that CarMax will post 2.99 EPS for the current year.

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.