CarMax Inc (KMX) Price Target Raised to $80.00 at Oppenheimer Holdings, Inc.
Other analysts have also issued reports about the stock. Royal Bank Of Canada reiterated a market perform rating and set a $63.00 target price (down from $71.00) on shares of CarMax in a report on Tuesday, July 4th. Deutsche Bank AG dropped their target price on shares of CarMax from $73.00 to $72.00 and set a buy rating for the company in a report on Tuesday, July 4th. UBS AG lowered shares of CarMax from a positive rating to a neutral rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reiterated a buy rating and set a $74.00 target price (up from $72.00) on shares of CarMax in a report on Thursday, June 22nd. Finally, Susquehanna Bancshares Inc reiterated a neutral rating and set a $70.00 target price (up from $66.00) on shares of CarMax in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $72.25.
CarMax (KMX) opened at 68.46 on Tuesday. CarMax has a 52 week low of $47.50 and a 52 week high of $69.92. The firm has a market capitalization of $12.55 billion, a P/E ratio of 19.66 and a beta of 1.32. The stock has a 50 day moving average price of $66.11 and a 200-day moving average price of $62.70.
CarMax (NYSE:KMX) last posted its earnings results on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.15. The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.46 billion. CarMax had a net margin of 4.07% and a return on equity of 21.72%. CarMax’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. Analysts anticipate that CarMax will post $3.72 EPS for the current fiscal year.
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In other news, EVP Edwin J. Hill sold 35,000 shares of CarMax stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $64.88, for a total transaction of $2,270,800.00. Following the completion of the transaction, the executive vice president now directly owns 39,792 shares in the company, valued at $2,581,704.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Folliard sold 16,000 shares of CarMax stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $68.39, for a total transaction of $1,094,240.00. Following the transaction, the director now owns 495,572 shares of the company’s stock, valued at $33,892,169.08. The disclosure for this sale can be found here. Insiders have sold 204,515 shares of company stock valued at $13,179,259 over the last quarter. Company insiders own 1.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Korea Investment CORP lifted its holdings in shares of CarMax by 140.5% during the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after purchasing an additional 1,033 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of CarMax during the second quarter valued at approximately $112,000. Seven Eight Capital LP purchased a new position in shares of CarMax during the second quarter valued at approximately $133,000. YorkBridge Wealth Partners LLC lifted its holdings in shares of CarMax by 1.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock valued at $149,000 after purchasing an additional 29 shares during the last quarter. Finally, QS Investors LLC lifted its holdings in shares of CarMax by 1.0% during the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after purchasing an additional 22 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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