CarMax (NYSE:KMX) received a $68.00 price objective from analysts at Susquehanna Bancshares in a note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the stock. Susquehanna Bancshares’ price target would indicate a potential upside of 3.74% from the stock’s previous close.
A number of other equities research analysts have also weighed in on KMX. Zacks Investment Research lowered shares of CarMax from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Oppenheimer reissued a “buy” rating on shares of CarMax in a report on Friday, September 1st. Wedbush reissued an “outperform” rating and set a $77.00 price objective (up from $73.00) on shares of CarMax in a report on Wednesday, September 13th. CIBC boosted their price objective on shares of CarMax from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, September 19th. Finally, Citigroup boosted their price objective on shares of CarMax to $84.00 and gave the company a “buy” rating in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. CarMax currently has a consensus rating of “Hold” and an average target price of $77.07.
CarMax (KMX) opened at $65.55 on Tuesday. The stock has a market cap of $11,838.55, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 1.09 and a beta of 1.48. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83. CarMax has a 1-year low of $54.29 and a 1-year high of $77.64.
In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $67.50, for a total value of $540,000.00. Following the completion of the transaction, the director now owns 439,572 shares in the company, valued at $29,671,110. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William R. Tiefel sold 23,000 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $76.39, for a total transaction of $1,756,970.00. The disclosure for this sale can be found here. Insiders have sold 126,141 shares of company stock valued at $9,399,449 over the last 90 days. 1.90% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of KMX. Korea Investment CORP raised its position in shares of CarMax by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after purchasing an additional 1,033 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of CarMax during the 2nd quarter worth about $112,000. Sun Life Financial INC acquired a new position in shares of CarMax during the 1st quarter worth about $94,024,000. Tredje AP fonden acquired a new position in shares of CarMax during the 3rd quarter worth about $144,000. Finally, First Bank & Trust acquired a new position in shares of CarMax during the 4th quarter worth about $125,000.
About CarMax
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
