CarMax (NYSE:KMX) was upgraded by analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a report issued on Thursday.
Other analysts have also issued reports about the stock. Wedbush reissued an “outperform” rating and issued a $81.00 price objective on shares of CarMax in a research report on Wednesday, January 10th. UBS Group raised shares of CarMax from a “market perform” rating to an “outperform” rating in a research report on Thursday. Wood & Company raised shares of CarMax from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $80.00 to $88.00 in a research report on Thursday. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Tuesday, September 26th. Finally, Credit Suisse Group increased their price objective on shares of CarMax from $75.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, September 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $77.80.
Shares of CarMax (NYSE KMX) opened at $69.84 on Thursday. The company has a current ratio of 2.70, a quick ratio of 0.51 and a debt-to-equity ratio of 3.83. The stock has a market cap of $12,899.88, a PE ratio of 18.72, a PEG ratio of 1.25 and a beta of 1.48. CarMax has a 1 year low of $54.29 and a 1 year high of $77.64.
In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $64.04, for a total value of $512,320.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William R. Tiefel sold 13,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $75.30, for a total transaction of $978,900.00. Following the completion of the transaction, the director now owns 151,659 shares in the company, valued at $11,419,922.70. The disclosure for this sale can be found here. Insiders sold a total of 57,453 shares of company stock worth $4,083,571 over the last 90 days. Insiders own 1.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of KMX. Nicholas Co. Inc. WI boosted its stake in shares of CarMax by 2.3% during the fourth quarter. Nicholas Co. Inc. WI now owns 204,565 shares of the company’s stock valued at $11,040,000 after purchasing an additional 4,520 shares in the last quarter. First Bank & Trust boosted its stake in shares of CarMax by 7.1% during the first quarter. First Bank & Trust now owns 2,077 shares of the company’s stock valued at $123,000 after purchasing an additional 138 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of CarMax by 3.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 643,066 shares of the company’s stock valued at $40,552,000 after purchasing an additional 24,390 shares in the last quarter. Sarasin & Partners boosted its stake in shares of CarMax by 2.3% during the fourth quarter. Sarasin & Partners now owns 3,618,079 shares of the company’s stock valued at $195,268,000 after purchasing an additional 82,512 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of CarMax by 3.5% during the fourth quarter. ProShare Advisors LLC now owns 29,538 shares of the company’s stock valued at $1,594,000 after purchasing an additional 1,007 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.
