Brokerages Set CarMax, Inc. (NYSE:KMX) Target Price at $90.45

CarMax, Inc. (NYSE:KMX) has been given an average recommendation of “Hold” by the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $90.45.

A number of analysts have weighed in on KMX shares. Mizuho upped their target price on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Stephens assumed coverage on CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective for the company. Royal Bank of Canada lifted their target price on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Needham & Company LLC increased their price target on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th.

CarMax Price Performance

Shares of KMX opened at $74.30 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The company has a 50 day moving average price of $80.67 and a 200-day moving average price of $79.37. CarMax has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The stock has a market capitalization of $11.43 billion, a PE ratio of 25.19, a PEG ratio of 1.67 and a beta of 1.76.

Insider Activity at CarMax

In other news, SVP Jon G. Daniels sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $85.30, for a total value of $853,000.00. Following the completion of the transaction, the senior vice president now directly owns 995 shares in the company, valued at $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at $1,649,771.80. This trade represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,709 shares of company stock valued at $8,495,379 in the last three months. 1.66% of the stock is owned by insiders.

Hedge Funds Weigh In On CarMax

A number of institutional investors have recently bought and sold shares of KMX. Victory Capital Management Inc. raised its holdings in shares of CarMax by 1.8% during the third quarter. Victory Capital Management Inc. now owns 52,929 shares of the company’s stock worth $4,096,000 after purchasing an additional 923 shares during the last quarter. Quest Partners LLC acquired a new stake in CarMax during the 3rd quarter worth about $350,000. LMR Partners LLP purchased a new position in shares of CarMax during the 3rd quarter valued at about $238,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of CarMax in the 3rd quarter valued at about $298,000. Finally, King Luther Capital Management Corp boosted its stake in shares of CarMax by 1.7% in the third quarter. King Luther Capital Management Corp now owns 55,331 shares of the company’s stock worth $4,282,000 after buying an additional 940 shares during the last quarter.

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.