CarMax (NYSE:KMX) Given “Outperform” Rating at Wedbush

Wedbush reaffirmed their outperform rating on shares of CarMax (NYSE:KMX) in a research note published on Tuesday, Benzinga reports. Wedbush currently has a $90.00 price objective on the stock.

Other analysts also recently issued research reports about the stock. Bank of America lifted their price target on shares of CarMax from $44.00 to $50.00 and gave the company an underperform rating in a research note on Thursday, February 29th. Oppenheimer reaffirmed an outperform rating and set a $105.00 price target on shares of CarMax in a research note on Tuesday, April 9th. Evercore ISI decreased their price target on shares of CarMax from $85.00 to $74.00 and set an in-line rating for the company in a research note on Friday, April 12th. Mizuho decreased their price target on shares of CarMax from $80.00 to $75.00 and set a neutral rating for the company in a research note on Friday, April 12th. Finally, Royal Bank of Canada reissued an outperform rating and set a $83.00 price objective on shares of CarMax in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $77.42.

CarMax Stock Up 0.5 %

Shares of NYSE KMX opened at $69.81 on Tuesday. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. The company has a market cap of $11.02 billion, a P/E ratio of 23.04, a PEG ratio of 1.09 and a beta of 1.61. CarMax has a 1 year low of $59.66 and a 1 year high of $88.22. The firm has a 50-day simple moving average of $78.73 and a two-hundred day simple moving average of $72.10.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the previous year, the business earned $0.44 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Research analysts anticipate that CarMax will post 3.58 earnings per share for the current year.

Insiders Place Their Bets

In other CarMax news, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the transaction, the vice president now directly owns 9,068 shares of the company’s stock, valued at $642,830.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Diane L. Cafritz sold 2,730 shares of CarMax stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total transaction of $192,574.20. Following the completion of the sale, the executive vice president now directly owns 5,073 shares in the company, valued at $357,849.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction on Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the sale, the vice president now owns 9,068 shares of the company’s stock, valued at $642,830.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,929 shares of company stock valued at $2,740,901. 1.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CarMax

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP lifted its position in CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the period. CENTRAL TRUST Co lifted its position in CarMax by 100.0% during the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Ronald Blue Trust Inc. lifted its position in CarMax by 194.0% during the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock valued at $31,000 after purchasing an additional 289 shares during the period. VitalStone Financial LLC acquired a new position in CarMax during the first quarter valued at $33,000. Finally, Creative Financial Designs Inc. ADV lifted its position in CarMax by 1,081.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after purchasing an additional 400 shares during the period.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.