CarMax Inc (KMX) Receives Average Rating of “Buy” from Brokerages
CarMax Inc (NYSE:KMX) has been given an average recommendation of “Buy” by the eighteen analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $77.79.
Several brokerages have recently weighed in on KMX. Citigroup Inc. lifted their price target on shares of CarMax to $84.00 and gave the stock a “buy” rating in a research note on Monday, September 25th. Deutsche Bank AG dropped their price target on shares of CarMax from $73.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) cut shares of CarMax from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $74.00 to $79.00 in a research note on Monday, September 25th. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “strong-buy” rating and set a $74.00 price target on the stock in a research note on Wednesday, August 16th. Finally, Wedbush reiterated an “outperform” rating and set a $81.00 price target (up previously from $77.00) on shares of CarMax in a research note on Monday, September 25th.
In other CarMax news, CFO Thomas W. Reedy, Jr. sold 8,583 shares of CarMax stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $66.87, for a total value of $573,945.21. Following the sale, the chief financial officer now directly owns 70,522 shares in the company, valued at approximately $4,715,806.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mohammad Shamim sold 1,300 shares of CarMax stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $76.10, for a total transaction of $98,930.00. The disclosure for this sale can be found here. Insiders have sold a total of 607,023 shares of company stock worth $44,678,095 over the last 90 days. Insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. QS Investors LLC increased its holdings 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 last quarter. YorkBridge Wealth Partners LLC increased its holdings 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 last quarter. Osborne Partners Capital Management LLC increased its holdings 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 last quarter. Kelman Lazarov Inc. increased its holdings 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 last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in CarMax by 2.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock valued at $441,000 after acquiring an additional 160 shares during the last quarter.
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Shares of CarMax (NYSE:KMX) traded up 0.40% during midday trading on Friday, reaching $75.14. 1,144,094 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $72.81 and a 200-day moving average of $64.91. The stock has a market cap of $13.70 billion, a price-to-earnings ratio of 20.69 and a beta of 1.38. CarMax has a one year low of $47.50 and a one year high of $77.64.
CarMax (NYSE:KMX) last issued its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.03. The business had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 EPS. On average, equities research analysts anticipate that CarMax will post $3.81 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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