CarMax Inc. (KMX) Price Target Increased to $66.00 by Analysts at Deutsche Bank AG
CarMax Inc. (NYSE:KMX) had its price target lifted by investment analysts at Deutsche Bank AG from $65.00 to $66.00 in a note issued to investors on Thursday, StockTargetPrices.com reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s price target points to a potential upside of 20.83% from the company’s previous close.
Several other brokerages also recently weighed in on KMX. Buckingham Research downgraded CarMax from a “buy” rating to a “neutral” rating and upped their target price for the stock from $59.00 to $63.00 in a research note on Friday, September 9th. They noted that the move was a valuation call. Robert W. Baird upped their target price on CarMax from $58.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 7th. Wedbush upped their target price on CarMax from $44.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, August 18th. Susquehanna started coverage on CarMax in a research report on Thursday, August 25th. They set a “positive” rating and a $70.00 price target for the company. Finally, Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.39.
CarMax (NYSE:KMX) traded up 0.33% during mid-day trading on Thursday, hitting $54.80. The stock had a trading volume of 418,907 shares. The firm’s 50-day moving average price is $58.32 and its 200 day moving average price is $53.57. The company has a market cap of $10.49 billion, a PE ratio of 17.91 and a beta of 1.46. CarMax has a one year low of $41.25 and a one year high of $60.81.
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CarMax (NYSE:KMX) last announced its earnings results on Wednesday, September 21st. The company reported $0.88 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. The business earned $4 billion during the quarter, compared to the consensus estimate of $4.11 billion. CarMax had a return on equity of 20.54% and a net margin of 4.04%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 EPS. On average, equities research analysts anticipate that CarMax will post $3.29 EPS for the current year.
In related news, CEO Thomas J. Folliard sold 271,435 shares of the stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $55.39, for a total transaction of $15,034,784.65. Following the transaction, the chief executive officer now owns 758,517 shares of the company’s stock, valued at approximately $42,014,256.63. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Eric M. Margolin sold 12,639 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $60.21, for a total value of $760,994.19. Following the transaction, the executive vice president now directly owns 38,303 shares in the company, valued at approximately $2,306,223.63. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
A number of institutional investors have recently bought and sold shares of KMX. Sun Life Financial INC purchased a new position in CarMax during the first quarter valued at about $94,024,000. Canada Pension Plan Investment Board raised its position in CarMax by 52.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,600 shares of the company’s stock valued at $133,000 after buying an additional 900 shares during the last quarter. IFP Advisors Inc raised its position in CarMax by 9.8% in the first quarter. IFP Advisors Inc now owns 2,820 shares of the company’s stock valued at $144,000 after buying an additional 251 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in CarMax by 91.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,086 shares of the company’s stock valued at $151,000 after buying an additional 1,472 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in CarMax by 32.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,295 shares of the company’s stock valued at $169,000 after buying an additional 799 shares during the last quarter.
CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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