CarMax (NYSE:KMX) Price Target Raised to $43.00

CarMax (NYSE:KMX) had its price target lifted by Stephens from $39.00 to $43.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other analysts have also commented on the stock. Wedbush lowered their price target on shares of CarMax from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, December 19th. Wall Street Zen lowered shares of CarMax from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Bank of America lifted their price target on shares of CarMax from $27.00 to $31.00 and gave the company an “underperform” rating in a research report on Friday, December 19th. Barclays increased their target price on CarMax from $24.00 to $28.00 and gave the company an “underweight” rating in a research note on Wednesday, January 21st. Finally, Mizuho dropped their price target on shares of CarMax from $46.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. One investment 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $39.71.

CarMax Price Performance

Shares of NYSE:KMX opened at $41.21 on Thursday. The business’s 50 day simple moving average is $43.11 and its 200-day simple moving average is $42.58. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51. CarMax has a 12 month low of $30.26 and a 12 month high of $81.79.

Institutional Investors Weigh In On CarMax

Institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 valued at $2,446,000 after purchasing an additional 173 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after buying an additional 161 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of CarMax by 12.5% in the 1st quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock valued at $411,000 after buying an additional 585 shares during the period. Intech Investment Management LLC boosted its holdings in shares of CarMax by 61.7% in the 1st quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock valued at $1,492,000 after buying an additional 7,307 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of CarMax during the 1st quarter valued at about $727,000.

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.