Wedbush set a $81.00 price objective on CarMax (NYSE:KMX) in a research note released on Thursday. The firm currently has a buy rating on the stock.

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.

Analyst Recommendations for CarMax (NYSE:KMX)

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