CarMax (NYSE:KMX) Earns “Outperform” Rating from Wedbush

Wedbush reissued their outperform rating on shares of CarMax (NYSE:KMX) in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has a $90.00 price objective on the stock.

KMX has been the subject of a number of other research reports. Mizuho cut their price objective on shares of CarMax from $80.00 to $75.00 and set a neutral rating for the company in a report on Friday, April 12th. Robert W. Baird reduced their price objective on CarMax from $88.00 to $84.00 and set an outperform rating on the stock in a research report on Friday, April 12th. Bank of America boosted their price objective on CarMax from $44.00 to $50.00 and gave the stock an underperform rating in a research note on Thursday, February 29th. Oppenheimer reaffirmed an outperform rating and issued a $105.00 target price on shares of CarMax in a research note on Tuesday, April 9th. Finally, Truist Financial lowered their price target on shares of CarMax from $75.00 to $72.00 and set a hold rating on the stock in a research report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $77.42.

CarMax Stock Up 0.6 %

Shares of KMX opened at $68.34 on Tuesday. The stock has a 50 day moving average price of $78.42 and a 200 day moving average price of $72.03. CarMax has a one year low of $59.66 and a one year high of $88.22. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.08 and a beta of 1.61.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business had revenue of $5.63 billion for 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 company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. Equities research analysts forecast that CarMax will post 3.43 earnings per share for the current fiscal year.

Insider Buying and Selling at CarMax

In other CarMax news, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the sale, the vice president now directly owns 9,068 shares in the company, valued at $642,830.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the sale, the vice president now owns 9,068 shares in the company, valued at approximately $642,830.52. The transaction was disclosed in a document filed 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 that occurred 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 in the company, valued at $357,849.42. The disclosure for this sale can be found here. Insiders have sold 38,929 shares of company stock valued at $2,740,901 over the last 90 days. 1.66% of the stock is owned by insiders.

Institutional Investors Weigh In On CarMax

Several institutional investors have recently modified their holdings of the company. Kinneret Advisory LLC raised its stake in CarMax by 2.3% in the first quarter. Kinneret Advisory LLC now owns 5,192 shares of the company’s stock valued at $501,000 after buying an additional 116 shares in the last quarter. GAMMA Investing LLC raised its position in shares of CarMax by 6.5% during the 1st quarter. GAMMA Investing LLC now owns 2,156 shares of the company’s stock worth $188,000 after acquiring an additional 131 shares in the last quarter. Czech National Bank lifted its stake in CarMax by 0.5% during the fourth quarter. Czech National Bank now owns 27,789 shares of the company’s stock worth $2,133,000 after purchasing an additional 138 shares during the last quarter. Spire Wealth Management boosted its holdings in CarMax by 8.3% in the fourth quarter. Spire Wealth Management now owns 1,908 shares of the company’s stock valued at $146,000 after purchasing an additional 147 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake in CarMax by 32.8% in the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after purchasing an additional 155 shares during the last quarter.

CarMax Company Profile

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.