CarMax Inc (NYSE:KMX) had its price objective upped by CIBC from $72.00 to $80.00 in a research report sent to investors on Tuesday. CIBC currently has an outperform rating on the stock.

A number of other research analysts have also commented on KMX. Oppenheimer Holdings, Inc. set a $72.00 price target on shares of CarMax and gave the company a buy rating in a research note on Monday, June 19th. Royal Bank Of Canada upgraded shares of CarMax from a sector perform rating to an outperform rating and upped their price target for the company from $63.00 to $69.00 in a research note on Thursday, June 22nd. UBS AG lowered shares of CarMax from a positive rating to a neutral rating in a research note on Thursday, June 22nd. Susquehanna Bancshares Inc reiterated a neutral rating and issued a $70.00 price target (up previously from $66.00) on shares of CarMax in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a $74.00 price target (up previously from $72.00) on shares of CarMax in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $72.25.

Shares of CarMax (NYSE KMX) opened at 68.84 on Tuesday. CarMax has a 1-year low of $47.50 and a 1-year high of $69.98. The company has a 50 day moving average of $66.11 and a 200 day moving average of $62.70. The company has a market cap of $12.61 billion, a PE ratio of 19.77 and a beta of 1.32. CarMax also was the target of some unusual options trading activity on Wednesday. Investors bought 12,002 put options on the company. This represents an increase of approximately 820% compared to the average volume of 1,305 put options.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, September 22nd. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.03. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the prior year, the business earned $0.88 EPS. CarMax’s quarterly revenue was up 9.7% on a year-over-year basis. Equities analysts expect that CarMax will post $3.72 earnings per share for the current fiscal year.

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In related news, EVP Edwin J. Hill sold 35,497 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $65.69, for a total value of $2,331,797.93. Following the completion of the transaction, the executive vice president now owns 40,289 shares of the company’s stock, valued at approximately $2,646,584.41. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Edwin J. Hill sold 35,000 shares of the 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 of the company’s stock, valued at approximately $2,581,704.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,515 shares of company stock valued at $10,108,759. 1.70% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Calamos Advisors LLC lifted its stake in CarMax by 20.3% in the 2nd quarter. Calamos Advisors LLC now owns 341,647 shares of the company’s stock valued at $21,544,000 after purchasing an additional 57,657 shares during the last quarter. Principal Financial Group Inc. lifted its stake in CarMax by 8.3% in the 2nd quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock valued at $578,702,000 after purchasing an additional 706,369 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in CarMax by 3.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 643,066 shares of the company’s stock valued at $40,552,000 after purchasing an additional 24,390 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in CarMax by 6.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 193,635 shares of the company’s stock valued at $11,467,000 after purchasing an additional 11,352 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in CarMax by 16.1% in the 2nd quarter. Victory Capital Management Inc. now owns 21,633 shares of the company’s stock valued at $1,364,000 after purchasing an additional 3,002 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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