CarMax (NYSE:KMX)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a report issued on Wednesday. They presently have a $81.00 price objective on the stock. Wedbush’s price target would suggest a potential upside of 16.05% from the stock’s current price.
Several other equities analysts have also recently weighed in on KMX. Oppenheimer raised their target price on shares of CarMax from $72.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, September 19th. CIBC raised their target price on shares of CarMax from $72.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, September 19th. Citigroup raised their target price on shares of CarMax to $84.00 and gave the company a “buy” rating in a research note on Monday, September 25th. Goldman Sachs Group cut shares of CarMax from a “buy” rating to a “neutral” rating and raised their target price for the company from $74.00 to $79.00 in a research note on Monday, September 25th. Finally, Royal Bank of Canada raised their target price on shares of CarMax from $77.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $76.27.
CarMax (NYSE:KMX) traded down $0.25 during trading hours on Wednesday, hitting $69.80. 2,361,900 shares of the company traded hands, compared to its average volume of 3,463,933. CarMax has a twelve month low of $54.29 and a twelve month high of $77.64. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83. The company has a market capitalization of $12,620.00, a PE ratio of 18.71, a PEG ratio of 1.19 and a beta of 1.48.
In other news, EVP Edwin J. Hill sold 25,000 shares of CarMax stock in a transaction on Friday, October 13th. The stock was sold at an average price of $75.75, for a total transaction of $1,893,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction on Monday, October 16th. The stock was sold at an average price of $75.09, for a total value of $600,720.00. The disclosure for this sale can be found here. Insiders have sold a total of 90,453 shares of company stock valued at $6,578,041 in the last ninety days. Insiders own 1.90% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. lifted its holdings in shares of CarMax by 6.1% during the third quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock worth $20,645,000 after buying an additional 15,545 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of CarMax during the third quarter worth $1,445,000. Victory Capital Management Inc. lifted its holdings in shares of CarMax by 16.1% during the second quarter. Victory Capital Management Inc. now owns 21,633 shares of the company’s stock worth $1,364,000 after buying an additional 3,002 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of CarMax by 24.2% during the second quarter. Toronto Dominion Bank now owns 62,765 shares of the company’s stock worth $3,957,000 after buying an additional 12,234 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of CarMax by 1.9% during the third quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock worth $33,008,000 after buying an additional 8,205 shares in the last quarter.
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CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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