CarMax Inc. (NYSE:KMX)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $53.05, but opened at $53.32. CarMax shares last traded at $54.76, with a volume of 1,106,993 shares trading hands.

KMX has been the subject of several analyst reports. Wedbush reissued a “neutral” rating and set a $44.00 price target on shares of CarMax in a report on Friday, April 8th. Sterne Agee CRT downgraded shares of CarMax from a “buy” rating to a “neutral” rating and set a $62.59 price target for the company. in a report on Monday, March 28th. Zacks Investment Research raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Monday, April 4th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of CarMax in a report on Tuesday, May 10th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of CarMax in a report on Saturday, April 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $60.74.

The stock has a 50 day moving average of $50.46 and a 200-day moving average of $49.57. The company has a market cap of $10.49 billion and a PE ratio of 17.90.

CarMax (NYSE:KMX) last announced its earnings results on Tuesday, June 21st. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by $0.02. The firm earned $4.13 billion during the quarter. During the same quarter in the previous year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts expect that CarMax Inc. will post $3.27 earnings per share for the current year.

In other news, VP Natalie L. Wyatt sold 1,366 shares of the stock in a transaction on Wednesday, April 27th. The stock was sold at an average price of $55.18, for a total transaction of $75,375.88. Following the sale, the vice president now owns 1,603 shares in the company, valued at $88,453.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Natalie L. Wyatt sold 2,362 shares of the stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $54.15, for a total value of $127,902.30. Following the sale, the vice president now owns 1,603 shares in the company, valued at approximately $86,802.45. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in the company. Harris Associates L P boosted its stake in shares of CarMax by 26.5% in the fourth quarter. Harris Associates L P now owns 5,465,704 shares of the company’s stock valued at $294,984,000 after buying an additional 1,143,525 shares during the last quarter. Madison Investment Holdings Inc. boosted its stake in shares of CarMax by 65.5% in the fourth quarter. Madison Investment Holdings Inc. now owns 787,097 shares of the company’s stock valued at $42,480,000 after buying an additional 311,605 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of CarMax by 2.6% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 332,369 shares of the company’s stock valued at $18,134,000 after buying an additional 8,539 shares during the last quarter. Baillie Gifford & Co. boosted its stake in shares of CarMax by 8.2% in the fourth quarter. Baillie Gifford & Co. now owns 9,118,409 shares of the company’s stock valued at $492,120,000 after buying an additional 691,503 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of CarMax by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 17,094,317 shares of the company’s stock valued at $922,581,000 after buying an additional 55,915 shares during the last quarter.

CarMax, Inc (CarMax) is a holding company engaged in providing used vehicles and related products and services. The Company operates through two business 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.

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