CarMax Inc (KMX) Given Consensus Rating of “Buy” by Brokerages
Shares of CarMax Inc (NYSE:KMX) have been given an average recommendation of “Buy” by the seventeen brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $68.45.
Several research analysts recently weighed in on KMX shares. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of CarMax in a research report on Monday, July 3rd. ValuEngine upgraded shares of CarMax from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Bank of America Corporation reiterated a “buy” rating and set a $82.00 target price (up previously from $80.00) on shares of CarMax in a research report on Thursday, June 22nd. Deutsche Bank AG reiterated a “buy” rating and set a $73.00 target price (up previously from $71.00) on shares of CarMax in a research report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $74.00 target price (up previously from $72.00) on shares of CarMax in a research report on Thursday, June 22nd.
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In other news, EVP Edwin J. Hill sold 35,000 shares of the business’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 owns 39,792 shares of the company’s stock, valued at approximately $2,581,704.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Folliard sold 50,000 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $61.41, for a total transaction of $3,070,500.00. Following the completion of the transaction, the director now directly owns 509,166 shares of the company’s stock, valued at approximately $31,267,884.06. The disclosure for this sale can be found here. Insiders sold a total of 188,515 shares of company stock valued at $12,085,019 in the last three months. 1.70% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in KMX. Korea Investment CORP raised its position in shares of CarMax by 140.5% in the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after buying an additional 1,033 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of CarMax during the second quarter worth $112,000. Bronfman E.L. Rothschild L.P. raised 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 worth $124,000 after buying an additional 49 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of CarMax during the second quarter worth $133,000. Finally, YorkBridge Wealth Partners LLC raised its position in shares of CarMax by 1.3% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock worth $149,000 after buying an additional 29 shares during the last quarter.
CarMax (NYSE:KMX) traded up 1.44% during mid-day trading on Friday, reaching $68.12. The company had a trading volume of 2,307,814 shares. The company’s 50 day moving average is $65.17 and its 200 day moving average is $62.59. CarMax has a 52-week low of $47.50 and a 52-week high of $69.11. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 19.56 and a beta of 1.32.
CarMax (NYSE:KMX) last posted its quarterly earnings data on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the previous year, the company posted $0.90 EPS. CarMax’s revenue was up 10.1% on a year-over-year basis. Equities analysts predict that CarMax will post $3.71 earnings per share for the current year.
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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