CarMax (NYSE:KMX) PT Lowered to $72.00

CarMax (NYSE:KMX) had its price objective reduced by Truist Financial from $75.00 to $72.00 in a research note released on Friday morning, Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other equities analysts also recently issued research reports about the stock. Mizuho dropped their price target on shares of CarMax from $80.00 to $75.00 and set a neutral rating for the company in a research note on Friday. Oppenheimer restated an outperform rating and set a $105.00 target price on shares of CarMax in a research note on Tuesday, April 9th. Needham & Company LLC lowered their price target on shares of CarMax from $99.00 to $91.00 and set a buy rating for the company in a report on Friday. Royal Bank of Canada reaffirmed an outperform rating and set a $83.00 price objective on shares of CarMax in a research report on Monday, April 8th. Finally, Robert W. Baird dropped their target price on CarMax from $88.00 to $84.00 and set an outperform rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $78.25.

CarMax Stock Performance

NYSE:KMX opened at $69.46 on Friday. CarMax has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The company has a 50 day moving average price of $78.77 and a 200 day moving average price of $72.10. The stock has a market capitalization of $10.97 billion, a P/E ratio of 22.92, a PEG ratio of 1.09 and a beta of 1.61.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities research analysts forecast that CarMax will post 3.58 EPS for the current year.

Insider Activity at CarMax

In related news, EVP Diane L. Cafritz sold 2,730 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total transaction of $192,574.20. Following the transaction, the executive vice president now owns 5,073 shares of the company’s stock, valued at $357,849.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the sale, the vice president now directly owns 9,068 shares in the company, valued at $642,830.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Diane L. Cafritz sold 2,730 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total value of $192,574.20. Following the completion of the transaction, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The disclosure for this sale can be found here. Insiders sold a total of 38,929 shares of company stock worth $2,740,901 over the last 90 days. Company insiders own 1.66% of the company’s stock.

Institutional Trading of CarMax

Large investors have recently modified their holdings of the business. Allworth Financial LP grew its holdings in CarMax by 153.3% during the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after buying an additional 207 shares during the last quarter. CENTRAL TRUST Co lifted its position in shares of CarMax by 100.0% in the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Ronald Blue Trust Inc. lifted its position in shares of CarMax by 194.0% in the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock valued at $31,000 after acquiring an additional 289 shares in the last quarter. VitalStone Financial LLC acquired a new stake in shares of CarMax during the first quarter valued at $33,000. Finally, Creative Financial Designs Inc. ADV increased its position in CarMax by 1,081.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after purchasing an additional 400 shares in the last quarter.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.