Brokerages Set CarMax, Inc. (NYSE:KMX) PT at $79.73

CarMax, Inc. (NYSE:KMX - Get Free Report) has earned an average recommendation of "Hold" from the thirteen brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $79.73.

A number of brokerages have recently commented on KMX. JPMorgan Chase & Co. boosted their price objective on CarMax from $55.00 to $65.00 and gave the stock an "underweight" rating in a research report on Thursday, September 19th. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 price target on shares of CarMax in a report on Wednesday, October 16th. Truist Financial raised their price objective on shares of CarMax from $70.00 to $75.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Wedbush reiterated an "outperform" rating and set a $95.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Finally, BNP Paribas upgraded CarMax to a "strong sell" rating in a research note on Friday, September 27th.

Insider Buying and Selling

In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the business's stock in a transaction that occurred on Friday, July 26th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CarMax

A number of institutional investors and hedge funds have recently made changes to their positions in KMX. Baker Tilly Wealth Management LLC raised its stake in shares of CarMax by 4.6% during the second quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company's stock worth $217,000 after purchasing an additional 130 shares during the last quarter. Peoples Bank KS raised its position in CarMax by 10.0% during 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 last quarter. Northwestern Mutual Wealth Management Co. raised its position in CarMax by 2.3% during 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 last quarter. Allegheny Financial Group LTD lifted its stake in shares of 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 acquiring an additional 143 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of CarMax by 12.5% in the third quarter. Signaturefd LLC now owns 1,545 shares of the company's stock valued at $120,000 after acquiring an additional 172 shares in the last quarter.

CarMax Stock Down 0.6 %

CarMax stock traded down $0.46 during mid-day trading on Tuesday, reaching $71.48. 1,659,598 shares of the company's stock were exchanged, compared to its average volume of 1,935,353. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. CarMax has a twelve month low of $59.66 and a twelve month high of $88.22. The company has a market cap of $11.16 billion, a P/E ratio of 28.09, a P/E/G ratio of 1.46 and a beta of 1.68. The company has a fifty day moving average of $77.98 and a 200-day moving average of $75.13.

CarMax (NYSE:KMX - Get Free Report) last released its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $6.83 billion. During the same quarter last year, the business posted $0.75 earnings per share. The company's revenue for the quarter was down .9% on a year-over-year basis. Sell-side analysts expect that CarMax will post 2.97 EPS for the current year.

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.