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

Other equities research analysts have also issued reports about the company. Deutsche Bank AG lowered their price target on CarMax from $73.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday, July 4th. CIBC reissued a “buy” rating on shares of CarMax in a research report on Tuesday, July 4th. ValuEngine raised CarMax from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Bank of America Corporation reissued a “buy” rating and issued a $82.00 price target (up from $80.00) on shares of CarMax in a research report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $74.00 price objective (up previously from $72.00) on shares of CarMax in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $77.93.

CarMax (NYSE:KMX) opened at 76.45 on Thursday. CarMax has a 1-year low of $47.50 and a 1-year high of $77.64. The company has a 50 day moving average of $68.93 and a 200 day moving average of $63.55. The company has a market capitalization of $14.01 billion, a PE ratio of 21.96 and a beta of 1.38.

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

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In other news, SVP Diane L. Cafritz sold 5,671 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $73.95, for a total transaction of $419,370.45. Following the completion of the transaction, the senior vice president now owns 7,475 shares in the company, valued at approximately $552,776.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William R. Tiefel sold 23,000 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $76.39, for a total value of $1,756,970.00. The disclosure for this sale can be found here. Insiders have sold a total of 658,670 shares of company stock valued at $47,539,363 in the last quarter. 1.70% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of KMX. BlackRock Inc. grew its stake in shares of CarMax by 3,199.4% during the 1st quarter. BlackRock Inc. now owns 11,088,633 shares of the company’s stock worth $656,668,000 after acquiring an additional 10,752,554 shares during the period. Nordea Investment Management AB grew its stake in shares of CarMax by 751.0% during the 2nd quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock worth $135,465,000 after acquiring an additional 1,895,763 shares during the period. Principal Financial Group Inc. grew its stake in shares of CarMax by 8.3% during the 2nd quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock worth $578,702,000 after acquiring an additional 706,369 shares during the period. UBS Oconnor LLC bought a new position in shares of CarMax during the 2nd quarter worth $44,142,000. Finally, Balyasny Asset Management LLC grew its stake in shares of CarMax by 543.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 638,700 shares of the company’s stock worth $40,276,000 after acquiring an additional 539,451 shares during the period.

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.

Analyst Recommendations for CarMax (NYSE:KMX)

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