CarMax Inc (NYSE:KMX) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts have also recently commented on the company. BidaskClub raised CarMax from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Wedbush set a $73.00 price target on CarMax and gave the stock a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “market perform” rating and issued a $63.00 price target (down from $71.00) on shares of CarMax in a research note on Tuesday, July 4th. Finally, Deutsche Bank AG decreased their price target on CarMax from $73.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $69.00.

Shares of CarMax (NYSE KMX) opened at 66.09 on Friday. The firm has a market cap of $12.11 billion, a P/E ratio of 18.98 and a beta of 1.34. The firm’s 50-day moving average is $62.71 and its 200-day moving average is $62.82. CarMax has a 52-week low of $47.50 and a 52-week high of $69.11.

CarMax (NYSE:KMX) last released its earnings results on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.15. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.46 billion. CarMax had a return on equity of 21.72% and a net margin of 4.07%. CarMax’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. Analysts anticipate that CarMax will post $3.70 earnings per share for the current year.

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In other news, EVP Edwin J. Hill sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $64.88, for a total transaction of $2,270,800.00. Following the transaction, the executive vice president now directly owns 39,792 shares of the company’s stock, valued at $2,581,704.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric M. Margolin sold 18,659 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $64.06, for a total value of $1,195,295.54. Following the transaction, the executive vice president now directly owns 47,163 shares in the company, valued at $3,021,261.78. The disclosure for this sale can be found here. Insiders have sold 130,497 shares of company stock worth $8,258,253 over the last three months. Insiders own 1.70% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in shares of CarMax by 5.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,630 shares of the company’s stock valued at $427,000 after buying an additional 370 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of CarMax during the fourth quarter valued at $373,000. Hudson Bay Capital Management LP purchased a new stake in shares of CarMax during the fourth quarter valued at $773,000. Teachers Advisors LLC boosted its stake in shares of CarMax by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 255,508 shares of the company’s stock valued at $16,452,000 after buying an additional 14,602 shares during the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in shares of CarMax during the fourth quarter valued at $889,000.

About CarMax

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for CarMax (NYSE:KMX)

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