CarMax Inc (NYSE:KMX) was downgraded by equities researchers at UBS AG from an “outperform” rating to a “market perform” rating in a research note issued on Thursday, The Fly reports.

Several other brokerages have also recently weighed in on KMX. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of CarMax in a report on Friday, September 1st. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Tuesday, July 11th. CIBC boosted their price objective on CarMax from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, September 19th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and set a $70.00 price objective (up from $66.00) on shares of CarMax in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $77.93.

CarMax (NYSE:KMX) traded down 0.10% during trading on Thursday, reaching $76.37. 2,142,668 shares of the company’s stock traded hands. CarMax has a 12 month low of $47.50 and a 12 month high of $77.64. The firm’s 50 day moving average is $68.93 and its 200-day moving average is $63.55. The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of 21.93 and a beta of 1.38.

CarMax (NYSE:KMX) last released its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the previous year, the business posted $0.88 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Analysts expect that CarMax will post $3.81 EPS for the current fiscal year.

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In related news, COO William C. Jr. Wood sold 201,701 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $73.56, for a total value of $14,837,125.56. Following the sale, the chief operating officer now owns 146,717 shares in the company, valued at approximately $10,792,502.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Eric M. Margolin sold 26,838 shares of the stock in a transaction on Friday, July 7th. The shares were sold at an average price of $64.15, for a total value of $1,721,657.70. Following the completion of the sale, the executive vice president now owns 55,342 shares in the company, valued at approximately $3,550,189.30. The disclosure for this sale can be found here. In the last three months, insiders sold 658,670 shares of company stock valued at $47,539,363. 1.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. QS Investors LLC raised its stake in CarMax by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after acquiring an additional 22 shares during the period. YorkBridge Wealth Partners LLC raised its stake in CarMax by 1.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock valued at $149,000 after acquiring an additional 29 shares during the period. Osborne Partners Capital Management LLC raised its stake in CarMax by 0.5% in the 2nd quarter. Osborne Partners Capital Management LLC now owns 18,565 shares of the company’s stock valued at $1,171,000 after acquiring an additional 90 shares during the period. Kelman Lazarov Inc. raised its stake in CarMax by 0.8% in the 2nd quarter. Kelman Lazarov Inc. now owns 13,300 shares of the company’s stock valued at $839,000 after acquiring an additional 100 shares during the period. Finally, Pacer Advisors Inc. raised its stake in CarMax by 3.2% in the 1st quarter. Pacer Advisors Inc. now owns 3,523 shares of the company’s stock valued at $209,000 after acquiring an additional 110 shares during the period.

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.

The Fly

Analyst Recommendations for CarMax (NYSE:KMX)

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