CarMax (KMX) Given a $81.00 Price Target at Wedbush
A number of other analysts have also commented on KMX. Oppenheimer restated a buy rating on shares of CarMax in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of CarMax from a hold rating to a buy rating and set a $77.00 price target for the company in a research note on Friday, September 8th. CIBC boosted their price target on shares of CarMax from $72.00 to $80.00 and gave the company an outperform rating in a research note on Tuesday, September 19th. Citigroup boosted their price target on shares of CarMax to $84.00 and gave the company a buy rating in a research note on Monday, September 25th. Finally, Goldman Sachs Group lowered shares of CarMax from a buy rating to a neutral rating and boosted their price target for the company from $74.00 to $79.00 in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $77.07.
Shares of CarMax (KMX) traded down $0.10 during mid-day trading on Thursday, reaching $64.81. 1,339,000 shares of the company’s stock were exchanged, compared to its average volume of 2,240,845. The company has a market cap of $11,780.48, a price-to-earnings ratio of 17.38, a PEG ratio of 1.09 and a beta of 1.48. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83. CarMax has a fifty-two week low of $54.29 and a fifty-two week high of $77.64.
CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.01). The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $3.97 billion. CarMax had a net margin of 4.07% and a return on equity of 21.77%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 EPS. research analysts anticipate that CarMax will post 3.86 EPS for the current year.
In related news, Director Edgar H. Grubb sold 11,388 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $76.36, for a total transaction of $869,587.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $67.50, for a total transaction of $540,000.00. Following the transaction, the director now owns 439,572 shares of the company’s stock, valued at approximately $29,671,110. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,141 shares of company stock valued at $9,399,449. Company insiders own 1.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. lifted its holdings in CarMax by 3.9% during the second 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. Calamos Advisors LLC lifted its holdings in CarMax by 20.3% during the second 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. Prudential Financial Inc. lifted its holdings in CarMax by 6.1% during the third quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock valued at $20,645,000 after purchasing an additional 15,545 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in CarMax by 16.1% during the second 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. Finally, Toronto Dominion Bank lifted its holdings in CarMax by 24.2% during the second quarter. Toronto Dominion Bank now owns 62,765 shares of the company’s stock valued at $3,957,000 after purchasing an additional 12,234 shares during the last quarter.
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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.
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