A number of firms have modified their ratings and price targets on shares of CarMax (NYSE: KMX) recently:

  • 12/14/2017 – CarMax was upgraded by analysts at Northcoast Research from a “neutral” rating to a “buy” rating.
  • 12/12/2017 – CarMax was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CarMax is one of the strongest operators in the used-car market and holds a significant market share, among its peers. The company is also following an aggressive store expansion initiative to strengthen its presence and cater to a larger customer group. Moreover, it enhances shareholders value by undertaking frequent share buyback programs. Also, in the last six months, its shares have outperformed the industry it belongs to. However, significant cash outflows from operations, huge capital expenditures and volatile used car prices are few headwinds CarMax is facing.”
  • 12/6/2017 – CarMax had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $80.00 price target on the stock.
  • 12/4/2017 – CarMax is now covered by analysts at Moffett Nathanson. They set a “neutral” rating on the stock.
  • 11/26/2017 – CarMax had its price target lowered by analysts at Deutsche Bank AG from $84.00 to $76.00. They now have a “hold” rating on the stock.
  • 11/22/2017 – CarMax was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $77.00 price target on the stock. According to Zacks, “In the last six months, the shares of CarMax have outperformed the industry it belongs to. The Zacks Consensus Estimate for the company’s quarterly earnings has been going up of late. Being one of the strongest operators in the used-car market it occupies a significant market share, among its peers. The company is also following an aggressive store expansion initiative to strengthen its presence and cater to a larger customer group. Moreover, it enhances shareholders value by undertaking frequent share buyback programs. Also, in the last three months, its shares have outperformed the industry it belongs to. However, significant cash outflows from operations, huge capital expenditures and volatile used car prices are few headwinds CarMax is facing.”
  • 11/17/2017 – CarMax was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $76.00 price target on the stock.
  • 11/15/2017 – CarMax was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/31/2017 – CarMax was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The Zacks Consensus Estimate for CarMax’s quarterly earnings has been going up of late. Being one of the strongest operators in the used-car market it occupies a significant market share, among its peers. The company is also following an aggressive store expansion initiative to strengthen its presence and cater to a larger customer group. Moreover, it enhances shareholders value by undertaking frequent share buyback programs. Also, in the last three months, its shares have outperformed the industry it belongs to. However, significant cash outflows from operations, huge capital expenditures and volatile used car prices are few headwinds CarMax is facing.”

CarMax, Inc (KMX) opened at $67.09 on Friday. The company has a market capitalization of $12,190.58, a PE ratio of 18.37, a PEG ratio of 1.13 and a beta of 1.48. The company has a quick ratio of 0.48, a current ratio of 2.33 and a debt-to-equity ratio of 3.82. CarMax, Inc has a twelve month low of $54.29 and a twelve month high of $77.64.

CarMax (NYSE:KMX) last released its quarterly earnings data on Friday, September 22nd. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.03. The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. research analysts expect that CarMax, Inc will post 3.84 EPS for the current year.

In related news, SVP Jon G. Daniels sold 50,488 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $73.68, for a total transaction of $3,719,955.84. Following the transaction, the senior vice president now owns 45,471 shares in the company, valued at approximately $3,350,303.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $68.72, for a total value of $549,760.00. Following the transaction, the director now owns 447,572 shares in the company, valued at approximately $30,757,147.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 609,955 shares of company stock worth $45,120,138. 1.70% of the stock is owned by company insiders.

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.

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