CarMax (NYSE:KMX) PT Lowered to $74.00 at Evercore ISI

CarMax (NYSE:KMX) had its price target reduced by Evercore ISI from $85.00 to $74.00 in a research note issued to investors on Friday, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other analysts have also recently issued reports about the stock. Bank of America lifted their price objective on shares of CarMax from $44.00 to $50.00 and gave the company an underperform rating in a research note on Thursday, February 29th. Wedbush lifted their price objective on shares of CarMax from $90.00 to $100.00 and gave the company an outperform rating in a research note on Tuesday, April 2nd. Truist Financial decreased their price objective on shares of CarMax from $75.00 to $72.00 and set a hold rating for the company in a research note on Friday. Oppenheimer restated an outperform rating and set a $105.00 price objective on shares of CarMax in a research note on Tuesday, April 9th. Finally, Robert W. Baird decreased their target price on shares of CarMax from $88.00 to $84.00 and set an outperform rating for the company in a research note on Friday. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $78.25.

CarMax Stock Down 2.7 %

KMX stock opened at $69.46 on Friday. The firm has a 50 day moving average of $78.77 and a 200 day moving average of $72.10. The stock has a market capitalization of $10.97 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. CarMax has a 52 week low of $59.66 and a 52 week high of $88.22.

CarMax (NYSE:KMX) last released its earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the business earned $0.44 earnings per share. Sell-side analysts forecast that CarMax will post 3.58 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Diane L. Cafritz sold 22,000 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $70.08, for a total value of $1,541,760.00. Following the completion of the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $355,515.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Diane L. Cafritz sold 22,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at $355,515.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane L. Cafritz sold 2,730 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total transaction of $192,574.20. Following the sale, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,929 shares of company stock valued at $2,740,901. 1.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP boosted its position in shares of CarMax by 153.3% during the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after acquiring an additional 207 shares during the last quarter. CENTRAL TRUST Co lifted its position in CarMax by 100.0% in the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Ronald Blue Trust Inc. boosted its stake in CarMax by 194.0% during the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock worth $31,000 after buying an additional 289 shares during the period. VitalStone Financial LLC purchased a new position in CarMax during the first quarter worth about $33,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in CarMax by 1,081.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after buying an additional 400 shares during the period.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.