CarMax, Inc. (NYSE:KMX) Receives Average Recommendation of “Hold” from Brokerages

Shares of CarMax, Inc. (NYSE:KMX) have earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Three research 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. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $79.73.

KMX has been the topic of several recent analyst reports. Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Oppenheimer reissued an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Evercore ISI raised their target price on CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. raised their target price on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a research report on Thursday, September 19th. Finally, StockNews.com raised CarMax to a “sell” rating in a research report on Friday, July 26th.

CarMax Stock Down 0.2 %

Shares of NYSE KMX opened at $78.03 on Friday. CarMax has a 52 week low of $62.76 and a 52 week high of $88.22. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The stock’s fifty day moving average is $75.18 and its 200 day moving average is $75.39. The stock has a market capitalization of $12.09 billion, a P/E ratio of 29.33, a PEG ratio of 1.58 and a beta of 1.68.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. Sell-side analysts forecast that CarMax will post 2.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CarMax

A number of hedge funds have recently made changes to their positions in KMX. FMR LLC boosted its stake in CarMax by 2,883.1% during the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock valued at $137,180,000 after buying an additional 1,713,379 shares during the last quarter. Vulcan Value Partners LLC increased its holdings in CarMax by 299.7% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after purchasing an additional 1,369,986 shares during the period. Holocene Advisors LP boosted its position in CarMax by 740.2% during the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock valued at $73,274,000 after acquiring an additional 834,232 shares in the last quarter. Epoch Investment Partners Inc. boosted its position in CarMax by 3,094.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock valued at $51,949,000 after acquiring an additional 577,685 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in CarMax by 87.6% during the 2nd quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock valued at $85,118,000 after acquiring an additional 541,967 shares in 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.