Brokerages Set CarMax, Inc. (NYSE:KMX) Target Price at $81.00

CarMax, Inc. (NYSE:KMX) has received a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $81.00.

Several analysts have weighed in on KMX shares. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Stephens initiated coverage on shares of CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Evercore ISI upped their target price on shares of CarMax from $81.00 to $83.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $82.00 price target on shares of CarMax in a research report on Wednesday, October 16th.

Hedge Funds Weigh In On CarMax

Institutional investors have recently modified their holdings of the business. Quarry LP raised its holdings in CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares during the period. Catalyst Capital Advisors LLC bought a new stake in CarMax in the 3rd quarter valued at $32,000. True Wealth Design LLC boosted its stake in CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after purchasing an additional 436 shares during the period. Blue Trust Inc. boosted its stake in CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after purchasing an additional 287 shares during the period. Finally, Studio Investment Management LLC increased its holdings in CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after purchasing an additional 334 shares in the last quarter.

CarMax Price Performance

KMX opened at $86.26 on Wednesday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The stock has a market capitalization of $13.36 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71. The company’s 50 day simple moving average is $77.81 and its 200-day simple moving average is $77.27. CarMax has a one year low of $65.83 and a one year high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. Sell-side analysts anticipate that CarMax will post 3.01 earnings per share 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.