CarMax, Receives Buy Rating from Goldman Sachs (KMX)
CarMax, (NYSE: KMX)‘s stock had its “buy” rating reiterated by equities research analysts at Goldman Sachs in a research note issued to investors on Monday. They currently have a $46.00 price target on the stock.
The analysts wrote, “From its typical monthly release, we learned that CarMax Auto Finance credit metrics showed mixed results in February. Charge offs rose 4 bp mom, better than the +5 bp historical mean. Delinquencies fell 32 bp mom, unfavorable versus the seasonal norm of a 39 bp sequential decline. Competitor auto delinquencies were also above the seasonal norm, with ACF 30-day+ delinquencies falling 113 bp mom vs. the -194 bp mean, and COF delinquencies falling 119 bp mom vs. the -132 bp mean.”
KMX has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of CarMax, from $29.00 to $31.50 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of CarMax, in a research note to investors on Monday, March 11th. They now have a $43.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of CarMax, from $41.00 to $46.00 in a research note to investors on Friday, February 8th. They now have an “outperform” rating on the stock.
CarMax, (NYSE: KMX) traded up 0.17% on Monday, hitting $41.73. CarMax, has a 52-week low of $24.83 and a 52-week high of $41.94. The stock’s 50-day moving average is currently $39.7. The company has a market cap of $9.521 billion and a price-to-earnings ratio of 22.89.
CarMax, (NYSE: KMX) last posted its quarterly earnings results on Thursday, December 20th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.02. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts predict that CarMax, will post $1.87 earnings per share for the current fiscal year.
CarMax, Inc. (CarMax) is a holding company and its operations are conducted through its subsidiaries.
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