CarMax Given New $58.00 Price Target at Credit Suisse (KMX)
Equities research analysts at Credit Suisse upped their price objective on shares of CarMax (NYSE:KMX) from $54.00 to $58.00 in a research note issued to investors on Wednesday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target indicates a potential upside of 11.99% from the stock’s previous close.
Shares of CarMax (NYSE:KMX) traded down 3.84% on Wednesday, hitting $49.80. 2,114,147 shares of the company’s stock traded hands. CarMax has a one year low of $28.04 and a one year high of $52.47. The stock’s 50-day moving average is $49.55 and its 200-day moving average is $46.50. The company has a market cap of $11.134 billion and a price-to-earnings ratio of 26.05. CarMax also saw some unusual options trading activity on Monday. Traders purchased 11,028 put options on the company. This represents an increase of approximately 1,384% compared to the typical volume of 743 put options.
CarMax (NYSE:KMX) last announced its earnings results on Tuesday, September 24th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.05. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Analysts expect that CarMax will post $2.19 EPS for the current fiscal year.
A number of other firms have also recently commented on KMX. Analysts at Goldman Sachs Group Inc. downgraded shares of CarMax (NYSE:KMX) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $55.00 price target on the stock, up previously from $53.00. Separately, analysts at RBC Capital raised their price target on shares of CarMax (NYSE:KMX) from $41.00 to $46.00 in a research note to investors on Friday, September 20th. They now have a “sector perform” rating on the stock. Finally, analysts at Zacks reiterated a “hold” rating on shares of CarMax (NYSE:KMX) in a research note to investors on Friday, September 20th. They now have a $48.00 price target on the stock.
Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $49.50.
CarMax, Inc (NYSE:KMX) is a holding company and its operations are conducted through its subsidiaries.
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