CarMax, Inc. (NYSE:KMX) Receives Average Rating of “Reduce” from Analysts

Shares of CarMax, Inc. (NYSE:KMX) have earned a consensus rating of “Reduce” from the twenty analysts that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $39.3571.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price target on CarMax from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Friday, December 19th. Evercore ISI reaffirmed a “reduce” rating and set a $36.00 target price on shares of CarMax in a research note on Friday, December 19th. Royal Bank Of Canada increased their target price on CarMax from $34.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, December 19th. Mizuho cut their price target on shares of CarMax from $46.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Finally, Benchmark reaffirmed a “hold” rating on shares of CarMax in a report on Tuesday, December 16th.

Institutional Investors Weigh In On CarMax

Several institutional investors have recently bought and sold shares of KMX. CYBER HORNET ETFs LLC acquired a new position in shares of CarMax during the second quarter valued at approximately $28,000. MUFG Securities EMEA plc purchased a new stake in shares of CarMax during the second quarter worth approximately $30,000. Center for Financial Planning Inc. acquired a new position in CarMax in the 3rd quarter valued at $31,000. Advisory Services Network LLC purchased a new position in CarMax in the 3rd quarter valued at $32,000. Finally, Strengthening Families & Communities LLC lifted its holdings in CarMax by 220.0% in the 3rd quarter. Strengthening Families & Communities LLC now owns 880 shares of the company’s stock valued at $39,000 after purchasing an additional 605 shares in the last quarter.

CarMax Stock Up 0.7%

KMX stock opened at $46.80 on Thursday. CarMax has a one year low of $30.26 and a one year high of $89.47. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.51 and a current ratio of 1.99. The firm’s fifty day moving average is $38.57 and its 200 day moving average is $49.55. The firm has a market cap of $6.64 billion, a PE ratio of 15.44, a P/E/G ratio of 1.11 and a beta of 1.29.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The business had revenue of $5.79 billion during the quarter, compared to the consensus estimate of $5.66 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The company’s revenue was down 6.9% compared to the same quarter last year. On average, research analysts forecast that CarMax will post 3.23 EPS for the current year.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.