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.

Analyst Recommendations for CarMax (NYSE:KMX)

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