CarMax (NYSE:KMX) Raised to Hold at Wall Street Zen

CarMax (NYSE:KMX) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

A number of other equities research analysts have also issued reports on the stock. Zacks Research raised shares of CarMax from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Barclays increased their price target on shares of CarMax from $24.00 to $28.00 and gave the company an “underweight” rating in a research note on Wednesday, January 21st. Evercore set a $42.00 price target on shares of CarMax in a report on Tuesday, February 10th. William Blair cut CarMax from an “outperform” rating to a “market perform” rating in a report on Thursday, November 6th. Finally, Wedbush lowered their price objective on CarMax from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $39.21.

CarMax Price Performance

NYSE:KMX opened at $44.49 on Friday. CarMax has a one year low of $30.26 and a one year high of $86.38. 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 stock has a market cap of $6.31 billion, a PE ratio of 14.68, a P/E/G ratio of 1.06 and a beta of 1.35. The stock has a 50 day moving average price of $43.51 and a 200 day moving average price of $46.22.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.12. 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%.The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. Equities research analysts expect that CarMax will post 3.23 EPS for the current fiscal year.

Institutional Investors Weigh In On CarMax

Several large investors have recently added to or reduced their stakes in KMX. Huntington National Bank lifted its holdings in CarMax by 62.4% during the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after buying an additional 265 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in CarMax in the second quarter valued at approximately $28,000. MUFG Securities EMEA plc purchased a new position in CarMax in the second quarter valued at approximately $30,000. Center for Financial Planning Inc. purchased a new position in CarMax in the third quarter valued at approximately $31,000. Finally, Advisory Services Network LLC acquired a new stake in CarMax during the third quarter worth approximately $32,000.

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.