CarMax (NYSE:KMX) was upgraded by Northcoast Research from a “neutral” rating to a “buy” rating in a report released on Thursday, MarketBeat.com reports.

Other equities research analysts have also recently issued reports about the company. Oppenheimer reaffirmed a “buy” rating on shares of CarMax in a research note on Friday, September 1st. Zacks Investment Research raised CarMax from a “hold” rating to a “strong-buy” rating and set a $74.00 price objective for the company in a research note on Wednesday, August 16th. Deutsche Bank decreased their price objective on CarMax from $84.00 to $76.00 and set a “hold” rating for the company in a research note on Sunday, November 26th. CIBC reaffirmed a “market perform” rating on shares of CarMax in a research note on Thursday, October 5th. Finally, Royal Bank of Canada lifted their price objective on CarMax from $77.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, September 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $77.00.

CarMax (NYSE:KMX) traded up $0.30 during mid-day trading on Thursday, hitting $67.77. The stock had a trading volume of 987,635 shares, compared to its average volume of 2,211,506. The company has a market capitalization of $12,190.58, a P/E ratio of 18.37, a P/E/G ratio of 1.13 and a beta of 1.48. CarMax has a 12 month low of $54.29 and a 12 month high of $77.64. The company has a current ratio of 2.33, a quick ratio of 0.48 and a debt-to-equity ratio of 3.82.

CarMax (NYSE:KMX) last released its earnings results on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.03. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. analysts predict that CarMax will post 3.84 EPS for the current year.

In other news, Director Thomas J. Folliard sold 8,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $68.72, for a total value of $549,760.00. Following the sale, the director now directly owns 447,572 shares in the company, valued at $30,757,147.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William R. Tiefel sold 23,000 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were 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. Over the last three months, insiders sold 625,955 shares of company stock valued at $46,214,378. Insiders own 1.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of CarMax by 2.1% in the second quarter. Vanguard Group Inc. now owns 18,185,184 shares of the company’s stock valued at $1,146,758,000 after purchasing an additional 380,038 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of CarMax by 0.5% in the second quarter. BlackRock Inc. now owns 11,142,473 shares of the company’s stock valued at $702,643,000 after purchasing an additional 53,840 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of CarMax by 1.5% in the third quarter. Principal Financial Group Inc. now owns 9,319,193 shares of the company’s stock valued at $706,487,000 after purchasing an additional 142,175 shares in the last quarter. Broad Run Investment Management LLC lifted its holdings in shares of CarMax by 0.9% in the second quarter. Broad Run Investment Management LLC now owns 3,377,241 shares of the company’s stock valued at $212,969,000 after purchasing an additional 29,846 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings 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 purchasing an additional 1,895,763 shares in 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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