Shares of CarMax Inc (NYSE:KMX) have earned an average rating of “Buy” from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $65.70.

A number of analysts recently commented on KMX shares. Zacks Investment Research lowered CarMax from a “buy” rating to a “hold” rating in a research report on Thursday, March 9th. Wedbush reiterated a “neutral” rating and issued a $60.00 price objective on shares of CarMax in a research report on Monday, March 27th. Royal Bank Of Canada lowered their price objective on CarMax from $71.00 to $63.00 and set a “sector perform” rating for the company in a research report on Friday, April 7th. CIBC restated a “buy” rating on shares of CarMax in a research report on Thursday, April 6th. Finally, Deutsche Bank AG decreased their target price on CarMax from $73.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, April 6th.

Shares of CarMax (KMX) traded up 1.112% during trading on Monday, reaching $61.365. 1,852,891 shares of the company were exchanged. The stock has a 50-day moving average of $61.51 and a 200 day moving average of $62.65. CarMax has a 52-week low of $45.06 and a 52-week high of $69.11. The stock has a market capitalization of $11.40 billion, a P/E ratio of 18.824 and a beta of 1.25.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, April 6th. The company reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.02. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.94 billion. CarMax had a return on equity of 20.85% and a net margin of 3.95%. The company’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the company earned $0.74 earnings per share. On average, equities analysts anticipate 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 dated Friday, April 21st. The stock was sold at an average price of $58.24, for a total transaction of $116,480.00. Following the transaction, the director now owns 42,005 shares in the company, valued at approximately $2,446,371.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in KMX. Ballentine Partners LLC acquired a new position in CarMax during the first quarter valued at $232,000. Bank of Nova Scotia boosted its position in CarMax by 919.3% in the first quarter. Bank of Nova Scotia now owns 42,903 shares of the company’s stock valued at $2,540,000 after buying an additional 38,694 shares during the period. Green Square Capital LLC acquired a new position in CarMax during the first quarter valued at $296,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in CarMax by 28.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,602 shares of the company’s stock valued at $569,000 after buying an additional 2,102 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in CarMax by 1.2% in the first quarter. Kovitz Investment Group Partners LLC now owns 787,159 shares of the company’s stock valued at $46,616,000 after buying an additional 9,326 shares during the period.

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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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