Shares of CarMax Inc. (NYSE:KMX) have earned a consensus recommendation of “Hold” from the eighteen research firms that are covering the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $63.46.

Several research analysts have issued reports on KMX shares. Buckingham Research downgraded CarMax from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $59.00 to $63.00 in a report on Friday, September 9th. They noted that the move was a valuation call. Vetr downgraded CarMax from a “buy” rating to a “hold” rating and set a $57.52 price objective on the stock. in a report on Monday, September 12th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $60.00 price objective on shares of CarMax in a report on Tuesday, June 7th. Wedbush reaffirmed a “hold” rating and set a $44.00 price objective on shares of CarMax in a report on Thursday, June 16th. Finally, Goldman Sachs Group Inc. set a $63.00 price objective on CarMax and gave the stock a “buy” rating in a report on Monday.

CarMax (NYSE:KMX) opened at 54.62 on Monday. CarMax has a one year low of $41.25 and a one year high of $60.81. The stock has a market cap of $10.46 billion, a P/E ratio of 17.85 and a beta of 1.46. The stock’s 50 day moving average price is $58.32 and its 200-day moving average price is $53.57.

CarMax (NYSE:KMX) last released its quarterly earnings results on Wednesday, September 21st. The company reported $0.88 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.88. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.11 billion. CarMax had a return on equity of 20.54% and a net margin of 4.04%. During the same period in the prior year, the company earned $0.79 EPS. CarMax’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts predict that CarMax will post $3.29 earnings per share for the current year.

In other CarMax news, EVP Edwin J. Hill sold 51,875 shares of the stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $57.59, for a total transaction of $2,987,481.25. Following the completion of the transaction, the executive vice president now owns 36,943 shares in the company, valued at approximately $2,127,547.37. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Eric M. Margolin sold 12,639 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $60.21, for a total value of $760,994.19. Following the transaction, the executive vice president now owns 38,303 shares of the company’s stock, valued at approximately $2,306,223.63. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its position in CarMax by 52.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,600 shares of the company’s stock worth $133,000 after buying an additional 900 shares during the period. IFP Advisors Inc boosted its position in shares of CarMax by 9.8% in the first quarter. IFP Advisors Inc now owns 2,820 shares of the company’s stock valued at $144,000 after buying an additional 251 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of CarMax by 91.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,086 shares of the company’s stock valued at $151,000 after buying an additional 1,472 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of CarMax by 32.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,295 shares of the company’s stock valued at $169,000 after buying an additional 799 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of CarMax by 5.4% in the second quarter. Pacer Advisors Inc. now owns 3,453 shares of the company’s stock valued at $169,000 after buying an additional 176 shares during the last quarter.

CarMax Company Profile

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.

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