CarMax (NYSE:KMX) has been given a $81.00 target price by equities researchers at Wedbush in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Wedbush’s target price would indicate a potential upside of 24.98% from the stock’s previous close.
A number of other research analysts have also recently commented on the stock. Deutsche Bank cut shares of CarMax from a “buy” rating to a “hold” rating and set a $76.00 price target on the stock. in a research report on Friday, November 17th. Zacks Investment Research cut shares of CarMax from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Oppenheimer reiterated a “buy” rating on shares of CarMax in a research report on Friday, September 1st. Goldman Sachs Group cut shares of CarMax from a “buy” rating to a “neutral” rating and increased their price target for the company from $74.00 to $79.00 in a research report on Monday, September 25th. Finally, Berenberg Bank initiated coverage on shares of CarMax in a research report on Wednesday, October 4th. They set a “hold” rating and a $83.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $77.07.
Shares of CarMax (NYSE KMX) traded down $0.10 during midday trading on Thursday, reaching $64.81. 1,339,000 shares of the company’s stock were exchanged, compared to its average volume of 2,240,845. CarMax has a twelve month low of $54.29 and a twelve month high of $77.64. The company has a debt-to-equity ratio of 3.83, a current ratio of 2.70 and a quick ratio of 0.51. The company has a market capitalization of $11,780.48, a PE ratio of 17.38, a P/E/G ratio of 1.09 and a beta of 1.48.
In related news, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction on Friday, December 15th. The shares were sold at an average price of $67.50, for a total value of $540,000.00. Following the sale, the director now owns 439,572 shares in the company, valued at $29,671,110. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edgar H. Grubb sold 11,388 shares of CarMax stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $76.36, for a total transaction of $869,587.68. The disclosure for this sale can be found here. Insiders sold 126,141 shares of company stock worth $9,399,449 in the last 90 days. Company insiders own 1.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. QS Investors LLC boosted its holdings in CarMax by 1.0% in the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after acquiring an additional 22 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in CarMax by 1.3% in the second 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 in the last quarter. Thrivent Financial For Lutherans boosted its holdings in CarMax by 2.3% in the second 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 in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in CarMax by 2.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,878 shares of the company’s stock valued at $560,000 after acquiring an additional 214 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in CarMax by 0.3% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 88,144 shares of the company’s stock valued at $5,558,000 after acquiring an additional 248 shares in the last quarter.
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About CarMax
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.
