CarMax Inc (KMX) Given a $72.00 Price Target by Oppenheimer Holdings, Inc. Analysts
CarMax Inc (NYSE:KMX) has been assigned a $72.00 target price by investment analysts at Oppenheimer Holdings, Inc. in a research note issued on Monday. The firm currently has a “buy” rating on the stock. Oppenheimer Holdings, Inc.’s target price suggests a potential upside of 18.64% from the stock’s current price.
A number of other research firms have also weighed in on KMX. Zacks Investment Research upgraded CarMax from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Wedbush upgraded CarMax from a “neutral” rating to an “outperform” rating and raised their target price for the company from $60.00 to $70.00 in a report on Thursday, May 18th. Deutsche Bank AG dropped their target price on CarMax from $73.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, April 6th. Susquehanna Bancshares Inc set a $70.00 target price on CarMax and gave the company a “buy” rating in a report on Friday, April 7th. Finally, Royal Bank Of Canada restated a “market perform” rating and issued a $63.00 target price (down previously from $71.00) on shares of CarMax in a report on Thursday, April 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. CarMax has a consensus rating of “Buy” and a consensus target price of $67.00.
CarMax (KMX) traded up 0.89% during trading on Monday, hitting $61.23. The stock had a trading volume of 2,509,850 shares. The firm has a market capitalization of $11.37 billion, a P/E ratio of 18.78 and a beta of 1.25. CarMax has a one year low of $45.06 and a one year high of $69.11. The stock has a 50 day moving average of $61.51 and a 200 day moving average of $62.65.
CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, April 6th. The company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. CarMax had a return on equity of 20.85% and a net margin of 3.95%. The firm had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the firm posted $0.74 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts expect that CarMax will post $3.52 earnings per share for the current fiscal year.
In other news, Director Edgar H. Grubb sold 2,000 shares of CarMax stock in a transaction on Friday, April 21st. The stock was sold at an average price of $58.24, for a total value of $116,480.00. Following the completion of the transaction, the director now directly owns 42,005 shares in the company, valued at $2,446,371.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. First Bank & Trust boosted its position in shares of CarMax by 7.1% in the first quarter. First Bank & Trust now owns 2,077 shares of the company’s stock valued at $123,000 after buying an additional 138 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of CarMax by 2.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock valued at $124,000 after buying an additional 49 shares during the period. Global X Management Co. LLC boosted its position in shares of CarMax by 7.3% in the first quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock valued at $148,000 after buying an additional 169 shares during the period. First Republic Investment Management Inc. bought a new position in shares of CarMax during the fourth quarter valued at $205,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in CarMax during the fourth quarter valued at approximately $218,000.
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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