CarMax (NYSE:KMX)‘s stock had its “hold” rating restated by investment analysts at Oppenheimer in a research note issued to investors on Wednesday. They currently have a $80.00 price objective on the stock. Oppenheimer’s price target would indicate a potential upside of 18.13% from the stock’s current price.

A number of other research analysts also recently issued reports on KMX. CIBC increased 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. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Friday, September 8th. Royal Bank Of Canada increased their price objective on CarMax from $77.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, September 25th. Deutsche Bank reiterated a “buy” rating and set a $84.00 price objective on shares of CarMax in a report on Monday, September 25th. Finally, Buckingham Research increased their price objective on CarMax from $66.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $77.00.

Shares of CarMax (NYSE KMX) traded down $2.99 during trading on Wednesday, hitting $67.72. The company’s stock had a trading volume of 3,143,600 shares, compared to its average volume of 2,226,024. CarMax has a 12 month low of $54.29 and a 12 month high of $77.64. The company has a market capitalization of $12,892.55, a P/E ratio of 19.43, a P/E/G ratio of 1.19 and a beta of 1.48. The company has a quick ratio of 0.48, a current ratio of 2.33 and a debt-to-equity ratio of 3.82.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. equities research analysts expect that CarMax will post 3.84 EPS for the current fiscal year.

In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $68.72, for a total value of $549,760.00. Following the completion of the transaction, the director now directly owns 447,572 shares in the company, valued at $30,757,147.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Diane L. Cafritz sold 5,671 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $73.95, for a total value of $419,370.45. Following the completion of the transaction, the senior vice president now owns 7,475 shares of the company’s stock, valued at $552,776.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 625,955 shares of company stock valued at $46,214,378. Corporate insiders own 1.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KMX. Nordea Investment Management AB lifted its position in shares of CarMax by 751.0% in the second quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock valued at $135,465,000 after buying an additional 1,895,763 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of CarMax by 8.3% in the second quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock valued at $578,702,000 after buying an additional 706,369 shares during the last quarter. UBS Oconnor LLC acquired a new stake in shares of CarMax in the second quarter valued at approximately $44,142,000. Balyasny Asset Management LLC lifted its position in shares of CarMax by 543.5% in the second quarter. Balyasny Asset Management LLC now owns 638,700 shares of the company’s stock valued at $40,276,000 after buying an additional 539,451 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of CarMax by 66.5% in the second quarter. William Blair Investment Management LLC now owns 1,331,836 shares of the company’s stock valued at $83,986,000 after buying an additional 531,937 shares during the last quarter.

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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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