CarMax, Inc. (NYSE:KMX) Given Average Recommendation of “Reduce” by Analysts

CarMax, Inc. (NYSE:KMX) has received a consensus recommendation of “Reduce” from the nineteen research firms that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $39.2143.

A number of research analysts recently weighed in on the company. Evercore set a $42.00 price objective on CarMax in a research note on Tuesday, February 10th. Truist Financial lifted their price target on shares of CarMax from $35.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, December 18th. Royal Bank Of Canada upped their price objective on shares of CarMax from $34.00 to $37.00 and gave the stock a “sector perform” rating in a report on Friday, December 19th. Benchmark reiterated a “hold” rating on shares of CarMax in a report on Tuesday, December 16th. Finally, Bank of America boosted their target price on shares of CarMax from $27.00 to $31.00 and gave the stock an “underperform” rating in a research report on Friday, December 19th.

Institutional Trading of CarMax

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KMX. Fox Run Management L.L.C. bought a new position in shares of CarMax during the 2nd quarter worth about $1,887,000. True North Advisors LLC grew its position in CarMax by 66.6% during the third quarter. True North Advisors LLC now owns 123,742 shares of the company’s stock worth $5,552,000 after buying an additional 49,450 shares in the last quarter. AXQ Capital LP bought a new position in CarMax during the second quarter valued at about $859,000. Candriam S.C.A. raised its holdings in CarMax by 172.5% in the 2nd quarter. Candriam S.C.A. now owns 24,506 shares of the company’s stock valued at $1,647,000 after acquiring an additional 15,513 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in CarMax by 129.4% in the 3rd quarter. Intech Investment Management LLC now owns 86,444 shares of the company’s stock valued at $3,879,000 after acquiring an additional 48,757 shares in the last quarter.

CarMax Stock Down 0.3%

KMX stock opened at $42.01 on Friday. The firm has a market cap of $5.96 billion, a PE ratio of 13.86, a PEG ratio of 0.99 and a beta of 1.35. CarMax has a 1 year low of $30.26 and a 1 year high of $82.79. The company has a fifty day simple moving average of $44.04 and a 200 day simple moving average of $45.40. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 18th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.31 by $0.12. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The firm had revenue of $5.79 billion for the quarter, compared to the consensus estimate of $5.66 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The business’s quarterly revenue was down 6.9% on a year-over-year basis. Sell-side analysts anticipate that CarMax will post 3.23 EPS 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.