Shares of CarMax Inc (NYSE:KMX) have earned a consensus rating of “Buy” from the seventeen analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $68.45.

A number of analysts have weighed in on KMX shares. ValuEngine lowered CarMax from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Oppenheimer Holdings, Inc. set a $72.00 target price on CarMax and gave the stock a “buy” rating in a report on Monday, June 19th. Wedbush upgraded CarMax from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $60.00 to $70.00 in a report on Thursday, May 18th. Deutsche Bank AG restated a “buy” rating and set a $73.00 target price (up previously from $71.00) on shares of CarMax in a report on Thursday, June 22nd. Finally, Zacks Investment Research upgraded CarMax from a “sell” rating to a “hold” rating in a report on Thursday, April 13th.

In related news, CFO Thomas W. Reedy, Jr. sold 8,583 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $66.87, for a total value of $573,945.21. Following the transaction, the chief financial officer now directly owns 70,522 shares of the company’s stock, valued at approximately $4,715,806.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Edwin J. Hill sold 35,000 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $64.88, for a total value of $2,270,800.00. Following the completion of the transaction, the executive vice president now directly owns 39,792 shares in the company, valued at $2,581,704.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 188,515 shares of company stock worth $12,085,019. 1.90% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Korea Investment CORP increased its position in CarMax by 140.5% in the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after buying an additional 1,033 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in CarMax during the second quarter valued at about $112,000. First Bank & Trust increased its position in 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 last quarter. Bronfman E.L. Rothschild L.P. increased its position in 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 last quarter. Finally, Global X Management Co. LLC increased its position in 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 last quarter.

CarMax (KMX) traded down 0.6075% during midday trading on Tuesday, reaching $65.4301. The company’s stock had a trading volume of 403,917 shares. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 18.7910 and a beta of 1.34. CarMax has a 12-month low of $47.50 and a 12-month high of $69.11. The company’s 50-day moving average is $63.73 and its 200 day moving average is $62.81.

CarMax (NYSE:KMX) last posted its earnings results on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.46 billion. CarMax had a return on equity of 21.72% and a net margin of 4.07%. CarMax’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. Equities analysts forecast that CarMax will post $3.70 earnings per share for the current year.

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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.

Analyst Recommendations for CarMax (NYSE:KMX)

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