Shares of CarMax, Inc. (NYSE:KMX – Get Free Report) have earned a consensus rating of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $76.25.
KMX has been the subject of a number of analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research report on Monday, June 24th. Needham & Company LLC reduced their target price on CarMax from $91.00 to $87.00 and set a “buy” rating for the company in a report on Monday, June 24th. StockNews.com raised CarMax to a “sell” rating in a report on Tuesday, July 9th. Argus raised CarMax to a “hold” rating in a report on Tuesday, June 25th. Finally, Robert W. Baird reduced their target price on CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a report on Friday, April 12th.
Read Our Latest Analysis on KMX
Insider Buying and Selling
Institutional Investors Weigh In On CarMax
Hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in CarMax during the fourth quarter worth approximately $288,278,000. Morningstar Investment Services LLC increased its stake in CarMax by 95.4% during the fourth quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock worth $211,516,000 after acquiring an additional 1,326,840 shares during the last quarter. DAVENPORT & Co LLC increased its stake in CarMax by 1,327.3% during the first quarter. DAVENPORT & Co LLC now owns 1,023,247 shares of the company’s stock worth $89,070,000 after acquiring an additional 951,558 shares during the last quarter. American Century Companies Inc. increased its stake in CarMax by 674.3% during the third quarter. American Century Companies Inc. now owns 806,716 shares of the company’s stock worth $57,059,000 after acquiring an additional 702,526 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its stake in CarMax by 3,094.0% during the first quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock worth $51,949,000 after acquiring an additional 577,685 shares during the last quarter.
CarMax Stock Down 2.2 %
KMX stock opened at $80.01 on Friday. CarMax has a twelve month low of $59.66 and a twelve month high of $88.22. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. The firm has a market cap of $12.49 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 1.63 and a beta of 1.69. The business has a 50 day moving average of $72.97 and a 200 day moving average of $74.14.
CarMax (NYSE:KMX – Get Free Report) last posted its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The company had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same quarter last year, the company earned $1.16 EPS. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, research analysts forecast that CarMax will post 3.01 EPS for the current fiscal 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.
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