CarMax Inc. (NYSE:KMX) gapped up prior to trading on Friday . The stock had previously closed at $57.10, but opened at $57.52. CarMax shares last traded at $59.19, with a volume of 1,769,937 shares changing hands.

Several equities research analysts have issued reports on the stock. Bank of America Corp. reissued a “buy” rating on shares of CarMax in a report on Saturday, April 9th. Royal Bank Of Canada reissued a “hold” rating on shares of CarMax in a report on Saturday, April 9th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of CarMax in a report on Saturday, April 30th. Buckingham Research reissued a “buy” rating and issued a $60.00 price target on shares of CarMax in a report on Tuesday, June 21st. Finally, Wedbush reissued a “neutral” rating and issued a $44.00 price target on shares of CarMax in a report on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $60.74.

The firm has a market cap of $11.27 billion and a P/E ratio of 19.23. The stock’s 50-day moving average price is $53.20 and its 200-day moving average price is $50.50.

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

In related news, EVP Edwin J. Hill sold 51,875 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $57.59, for a total value of $2,987,481.25. Following the completion of the transaction, the executive vice president now owns 36,943 shares of the company’s stock, valued at $2,127,547.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas J. Folliard sold 271,435 shares of the business’s stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $55.39, for a total value of $15,034,784.65. Following the completion of the transaction, the chief executive officer now directly owns 758,517 shares of the company’s stock, valued at approximately $42,014,256.63. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently bought and sold shares of KMX. Nicholas Co. Inc. WI increased its position in CarMax by 2.3% in the fourth quarter. Nicholas Co. Inc. WI now owns 204,565 shares of the company’s stock worth $11,040,000 after buying an additional 4,520 shares during the period. Employees Retirement System of Texas increased its position in CarMax by 350.6% in the fourth quarter. Employees Retirement System of Texas now owns 146,000 shares of the company’s stock worth $7,880,000 after buying an additional 113,600 shares during the period. Morningstar Investment Services LLC increased its position in CarMax by 21.3% in the fourth quarter. Morningstar Investment Services LLC now owns 124,855 shares of the company’s stock worth $6,738,000 after buying an additional 21,940 shares during the period. Advantus Capital Management Inc increased its position in CarMax by 1.0% in the fourth quarter. Advantus Capital Management Inc now owns 19,555 shares of the company’s stock worth $1,055,000 after buying an additional 203 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in CarMax by 6.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 29,932 shares of the company’s stock worth $1,615,000 after buying an additional 1,820 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.