CarMax, Inc. (NYSE:KMX) Given Average Rating of “Hold” by Analysts

Shares of CarMax, Inc. (NYSE:KMX) have been assigned an average rating of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $79.73.

KMX has been the subject of a number of research analyst reports. StockNews.com raised shares of CarMax to a “sell” rating in a research report on Friday, July 26th. Evercore ISI increased their target price on shares of CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday, October 17th. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Finally, Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th.

CarMax Trading Down 3.7 %

CarMax stock opened at $71.94 on Tuesday. The company has a 50 day moving average price of $78.02 and a 200 day moving average price of $75.19. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. CarMax has a 52 week low of $59.66 and a 52 week high of $88.22. The firm has a market capitalization of $11.23 billion, a price-to-earnings ratio of 28.10, a P/E/G ratio of 1.46 and a beta of 1.68.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. Research analysts forecast that CarMax will post 2.97 EPS for the current year.

Insider Activity

In related news, EVP Mohammad Shamim sold 25,000 shares of the company’s stock in a transaction 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 approximately $965,567.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KMX. First Community Trust NA bought a new position in shares of CarMax in the second quarter worth about $29,000. Quarry LP lifted its holdings in shares of CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares during the last quarter. Blue Trust Inc. boosted its position in shares of CarMax by 134.1% in the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after acquiring an additional 287 shares during the period. Studio Investment Management LLC grew its stake in shares of CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after acquiring an additional 334 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in CarMax during the first quarter worth $55,000.

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.