CarMax (NYSE:KMX) was upgraded by investment analysts at Berenberg Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, The Fly reports.

Several other analysts have also commented on KMX. Wedbush reaffirmed an “outperform” rating and issued a $77.00 price objective (up previously from $73.00) on shares of CarMax in a research report on Wednesday, September 13th. Oppenheimer lifted their price objective on shares of CarMax from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 19th. CIBC lifted their price objective on shares of CarMax from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 19th. Citigroup lifted their target price on shares of CarMax to $84.00 and gave the stock a “buy” rating in a research note on Monday, September 25th. Finally, Goldman Sachs Group downgraded shares of CarMax from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $74.00 to $79.00 in a research note on Monday, September 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. CarMax has a consensus rating of “Hold” and an average target price of $77.07.

Shares of CarMax (KMX) opened at $71.04 on Monday. The company has a market cap of $12,850.00, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.48. The company has a debt-to-equity ratio of 3.83, a current ratio of 2.70 and a quick ratio of 0.51. CarMax has a 12-month low of $54.29 and a 12-month high of $77.64.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $3.97 billion. CarMax had a return on equity of 21.77% and a net margin of 4.07%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. equities analysts forecast that CarMax will post 3.86 EPS for the current year.

In related news, EVP Edwin J. Hill sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $75.75, for a total transaction of $1,893,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric M. Margolin sold 4,453 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $75.30, for a total transaction of $335,310.90. Following the transaction, the executive vice president now directly owns 22,051 shares of the company’s stock, valued at approximately $1,660,440.30. The disclosure for this sale can be found here. Insiders sold 90,453 shares of company stock valued at $6,578,041 in the last quarter. Corporate insiders own 1.90% of the company’s stock.

Large investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. grew its stake in CarMax by 1,283.1% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 2,047 shares of the company’s stock valued at $109,000 after acquiring an additional 1,899 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in CarMax by 6.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,077 shares of the company’s stock worth $111,000 after buying an additional 133 shares in the last quarter. Korea Investment CORP grew its stake in CarMax by 140.5% in the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after buying an additional 1,033 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in CarMax in the 2nd quarter worth approximately $112,000. Finally, First Bank & Trust grew its stake in CarMax by 7.1% in the 1st quarter. First Bank & Trust now owns 2,077 shares of the company’s stock worth $123,000 after buying an additional 138 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.

The Fly

Analyst Recommendations for CarMax (NYSE:KMX)

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