CarMax Inc (NYSE:KMX) had its target price lifted by Buckingham Research from $66.00 to $75.00 in a report released on Monday. The firm presently has a “neutral” rating on the stock. Buckingham Research’s price objective suggests a potential upside of 1.09% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut CarMax from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. ValuEngine raised CarMax from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. CIBC reissued a “buy” rating on shares of CarMax in a research note on Tuesday, July 4th. Royal Bank Of Canada reissued a “market perform” rating and issued a $63.00 price objective (down previously from $71.00) on shares of CarMax in a research note on Tuesday, July 4th. Finally, Oppenheimer Holdings, Inc. set a $72.00 price objective on CarMax and gave the stock a “buy” rating in a research note on Monday, June 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $76.21.

CarMax (NYSE:KMX) traded down 0.28% during midday trading on Monday, hitting $73.98. The company had a trading volume of 2,018,938 shares. The stock has a 50 day moving average price of $66.11 and a 200 day moving average price of $62.70. The company has a market capitalization of $13.56 billion, a P/E ratio of 21.25 and a beta of 1.32. CarMax has a 52 week low of $47.50 and a 52 week high of $75.56.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. CarMax’s revenue was up 9.7% compared to the same quarter last year. Equities analysts forecast that CarMax will post $3.76 earnings per share for the current fiscal year.

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In related news, Director Thomas J. Folliard sold 16,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $68.39, for a total value of $1,094,240.00. Following the completion of the transaction, the director now owns 495,572 shares in the company, valued at approximately $33,892,169.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric M. Margolin sold 18,659 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $64.06, for a total value of $1,195,295.54. Following the completion of the transaction, the executive vice president now owns 47,163 shares of the company’s stock, valued at approximately $3,021,261.78. The disclosure for this sale can be found here. Insiders sold a total of 154,515 shares of company stock valued at $10,108,759 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of KMX. Korea Investment CORP raised its stake in shares of CarMax by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after buying 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 2nd quarter valued at about $112,000. Seven Eight Capital LP purchased a new position in shares of CarMax during the 2nd quarter valued at about $133,000. QS Investors LLC raised its stake in shares of CarMax by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after buying an additional 22 shares during the last quarter. Finally, Global X Management Co. LLC raised its stake in shares of CarMax by 7.3% during the 1st quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock valued at $148,000 after buying an additional 169 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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