CarMax Inc (NYSE:KMX) had its price target increased by Oppenheimer Holdings, Inc. from $72.00 to $80.00 in a report released on Tuesday. They currently have an outperform rating on the stock.

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.

Analyst Recommendations for CarMax (NYSE:KMX)

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