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

Shares of CarMax, Inc. (NYSE:KMX) have earned an average recommendation of “Reduce” from the nineteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $39.9286.

Several equities research analysts recently commented on the stock. Stephens cut their price target on shares of CarMax from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, December 19th. Evercore boosted their target price on shares of CarMax from $38.00 to $40.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of CarMax from $30.00 to $28.00 and set an “underweight” rating for the company in a research report on Friday, December 19th. William Blair cut CarMax from an “outperform” rating to a “market perform” rating in a report on Thursday, November 6th. Finally, Morgan Stanley set a $35.00 price objective on CarMax in a research note on Monday, December 8th.

Institutional Trading of CarMax

A number of hedge funds and other institutional investors have recently modified their holdings of KMX. Jones Financial Companies Lllp grew its holdings in shares of CarMax by 3.1% in the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after purchasing an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in CarMax by 0.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after purchasing an additional 173 shares during the period. WCM Investment Management LLC boosted its holdings in CarMax by 0.5% in the 2nd quarter. WCM Investment Management LLC now owns 38,991 shares of the company’s stock valued at $2,597,000 after purchasing an additional 197 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of CarMax by 1.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,924 shares of the company’s stock valued at $734,000 after buying an additional 198 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of CarMax by 0.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 31,245 shares of the company’s stock worth $2,081,000 after buying an additional 206 shares during the last quarter.

CarMax Price Performance

Shares of CarMax stock opened at $47.20 on Monday. The firm has a market cap of $6.69 billion, a PE ratio of 15.58, a P/E/G ratio of 1.13 and a beta of 1.35. CarMax has a twelve month low of $30.26 and a twelve month high of $89.47. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74. The business has a 50-day moving average price of $42.65 and a 200 day moving average price of $47.13.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 18th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.32 by $0.11. The company had revenue of $5.79 billion for the quarter, compared to analyst estimates of $5.66 billion. CarMax had a return on equity of 7.72% and a net margin of 1.77%.CarMax’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. Sell-side analysts predict that CarMax will post 3.23 earnings per share for the current fiscal year.

CarMax Company Profile

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.