UBS AG lowered shares of CarMax Inc (NYSE:KMX) from an outperform rating to a market perform rating in a research report released on Thursday, The Fly reports.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of CarMax from a buy rating to a hold rating in a research report on Tuesday, August 29th. Wedbush reiterated an outperform rating and issued a $77.00 target price (up previously from $73.00) on shares of CarMax in a research report on Wednesday, September 13th. CIBC reiterated a buy rating on shares of CarMax in a research report on Tuesday, July 4th. ValuEngine upgraded shares of CarMax from a hold rating to a buy rating in a research report on Friday, June 23rd. Finally, Royal Bank Of Canada reiterated a market perform rating and issued a $63.00 target price (down previously from $71.00) on shares of CarMax in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $77.93.

Shares of CarMax (NYSE KMX) traded up 0.58% during mid-day trading on Thursday, hitting $76.81. 1,298,360 shares of the company traded hands. The firm’s 50 day moving average price is $69.62 and its 200-day moving average price is $63.75. CarMax has a 1-year low of $47.50 and a 1-year high of $77.64. The stock has a market capitalization of $14.08 billion, a PE ratio of 22.06 and a beta of 1.38.

CarMax (NYSE:KMX) last issued its earnings results on Friday, September 22nd. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.03. The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. On average, equities research analysts forecast that CarMax will post $3.81 EPS for the current year.

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In other news, COO William C. Jr. Wood sold 201,701 shares of CarMax stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $73.56, for a total transaction of $14,837,125.56. Following the sale, the chief operating officer now owns 146,717 shares of the company’s stock, valued at approximately $10,792,502.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edwin J. Hill sold 35,000 shares of CarMax stock in a transaction dated 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 sale, the executive vice president now directly owns 39,792 shares in the company, valued at approximately $2,581,704.96. The disclosure for this sale can be found here. Insiders have sold a total of 644,520 shares of company stock worth $46,786,223 in the last ninety days. Insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of CarMax by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 18,185,184 shares of the company’s stock valued at $1,146,758,000 after purchasing an additional 380,038 shares in the last quarter. BlackRock Inc. boosted its stake in shares of CarMax by 0.5% during the 2nd quarter. BlackRock Inc. now owns 11,142,473 shares of the company’s stock valued at $702,643,000 after purchasing an additional 53,840 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of CarMax by 8.3% during 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 in the last quarter. Broad Run Investment Management LLC boosted its stake in shares of CarMax by 0.9% during the 2nd quarter. Broad Run Investment Management LLC now owns 3,377,241 shares of the company’s stock valued at $212,969,000 after purchasing an additional 29,846 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of CarMax by 751.0% during the 2nd quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock valued at $135,465,000 after purchasing an additional 1,895,763 shares in 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.

The Fly

Analyst Recommendations for CarMax (NYSE:KMX)

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