CarMax Inc (NYSE:KMX) had its price target boosted by stock analysts at Royal Bank Of Canada from $77.00 to $83.00 in a report issued on Monday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 11.87% from the company’s current price.

KMX has been the subject of several other reports. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of CarMax in a report on Friday, September 1st. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “strong-buy” rating and set a $74.00 price target for the company in a report on Wednesday, August 16th. ValuEngine lowered shares of CarMax from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $73.00 price target (up from $71.00) on shares of CarMax in a report on Thursday, June 22nd. Finally, CIBC lifted their price target on shares of CarMax from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. CarMax has an average rating of “Buy” and an average price target of $74.69.

Shares of CarMax (KMX) opened at 74.19 on Monday. CarMax has a 52 week low of $47.50 and a 52 week high of $74.60. The stock’s 50 day moving average is $66.11 and its 200 day moving average is $62.70. The firm has a market cap of $13.60 billion, a P/E ratio of 21.31 and a beta of 1.32.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Friday, September 22nd. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.03. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the business posted $0.88 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, equities research analysts predict that CarMax will post $3.72 earnings per share for the current fiscal year.

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In other news, EVP Edwin J. Hill sold 35,497 shares of the company’s 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 sale, the executive vice president now directly owns 40,289 shares of the company’s stock, valued at approximately $2,646,584.41. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Edwin J. Hill sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $64.88, for a total transaction of $2,270,800.00. Following the completion of the sale, the executive vice president now directly owns 39,792 shares of the company’s stock, valued at $2,581,704.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 154,515 shares of company stock valued at $10,108,759. Company insiders own 1.90% of the company’s stock.

Several large investors have recently modified their holdings of KMX. Korea Investment CORP lifted its stake in shares of CarMax by 140.5% in the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after acquiring an additional 1,033 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of CarMax in the 2nd quarter worth approximately $112,000. Seven Eight Capital LP acquired a new stake in shares of CarMax in the 2nd quarter worth approximately $133,000. QS Investors LLC lifted its stake in shares of CarMax by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after acquiring an additional 22 shares during the period. Finally, Global X Management Co. LLC lifted its stake in shares of CarMax by 7.3% in the 1st quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock worth $148,000 after acquiring an additional 169 shares during the period.

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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