CarMax (KMX) Upgraded at Berenberg Bank
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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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.
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