CarMax (NYSE:KMX) Stock Rating Reaffirmed by Oppenheimer

CarMax (NYSE:KMX)‘s stock had its “outperform” rating restated by research analysts at Oppenheimer in a research report issued on Friday, Benzinga reports. They currently have a $105.00 price objective on the stock. Oppenheimer’s target price suggests a potential upside of 43.82% from the stock’s current price.

Several other equities analysts have also recently weighed in on KMX. Mizuho lowered their price objective on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th. Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research note on Tuesday, September 17th. Needham & Company LLC increased their price objective on shares of CarMax from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. StockNews.com upgraded shares of CarMax to a “sell” rating in a research note on Friday, July 26th. Finally, Evercore ISI lowered their price objective on shares of CarMax from $79.00 to $76.00 and set an “in-line” rating on the stock in a research note on Thursday. Four analysts have rated the stock with a sell rating, four have issued a hold rating and six have given 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 $79.45.

CarMax Stock Performance

KMX traded down $1.18 during midday trading on Friday, hitting $73.01. 1,448,759 shares of the company traded hands, compared to its average volume of 1,948,942. 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 capitalization of $11.40 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 1.56 and a beta of 1.68. The company’s 50-day moving average is $79.36 and its 200 day moving average is $76.22. CarMax has a 52 week low of $59.66 and a 52 week high of $88.22.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. CarMax’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 EPS. On average, research analysts expect that CarMax will post 2.99 EPS for the current year.

Insiders Place Their Bets

In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the completion of the sale, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at $965,567.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the completion of the sale, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at $965,567.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 9,318 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total transaction of $777,680.28. Following the sale, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at approximately $1,690,899.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,012 shares of company stock worth $14,803,843. Company insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KMX. TD Asset Management Inc grew its holdings in shares of CarMax by 6.5% in the fourth quarter. TD Asset Management Inc now owns 41,855 shares of the company’s stock valued at $3,212,000 after purchasing an additional 2,550 shares in the last quarter. Bank of Nova Scotia lifted its position in CarMax by 32.6% in the fourth quarter. Bank of Nova Scotia now owns 20,989 shares of the company’s stock worth $1,611,000 after buying an additional 5,160 shares during the last quarter. California State Teachers Retirement System lifted its position in CarMax by 0.8% in the fourth quarter. California State Teachers Retirement System now owns 247,611 shares of the company’s stock worth $19,002,000 after buying an additional 2,051 shares during the last quarter. KBC Group NV lifted its position in CarMax by 10.3% in the fourth quarter. KBC Group NV now owns 23,879 shares of the company’s stock worth $1,833,000 after buying an additional 2,235 shares during the last quarter. Finally, Rafferty Asset Management LLC lifted its position in CarMax by 17.3% in the fourth quarter. Rafferty Asset Management LLC now owns 28,030 shares of the company’s stock worth $2,151,000 after buying an additional 4,131 shares during the last quarter.

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.