CarMax, Inc. (NYSE:KMX) Given Consensus Rating of “Reduce” by Analysts

Shares of CarMax, Inc. (NYSE:KMX) have been assigned a consensus rating of “Reduce” from the nineteen analysts that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $41.2143.

Several equities analysts have recently commented on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $41.00 price target on shares of CarMax in a research note on Wednesday, April 15th. Barclays cut their price target on CarMax from $28.00 to $26.00 and set an “underweight” rating on the stock in a research note on Thursday, April 16th. Wall Street Zen lowered CarMax from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. JPMorgan Chase & Co. raised their price target on CarMax from $28.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. Finally, Evercore set a $45.00 price target on CarMax in a research note on Friday, April 10th.

Hedge Funds Weigh In On CarMax

Institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in CarMax by 3.1% during the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after purchasing an additional 161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in CarMax by 0.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after purchasing an additional 173 shares in the last quarter. Blue Trust Inc. boosted its position in CarMax by 20.0% during the fourth quarter. Blue Trust Inc. now owns 1,424 shares of the company’s stock valued at $55,000 after purchasing an additional 237 shares in the last quarter. Resonant Capital Advisors LLC boosted its position in CarMax by 4.2% during the third quarter. Resonant Capital Advisors LLC now owns 6,388 shares of the company’s stock valued at $287,000 after purchasing an additional 256 shares in the last quarter. Finally, Huntington National Bank boosted its position in CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after purchasing an additional 265 shares in the last quarter.

CarMax Stock Performance

KMX stock opened at $36.29 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 2.20 and a debt-to-equity ratio of 2.93. The business’s fifty day simple moving average is $40.80 and its two-hundred day simple moving average is $41.07. CarMax has a twelve month low of $30.26 and a twelve month high of $71.99. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.40 and a beta of 1.19.

CarMax (NYSE:KMX) last released its earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.65 billion. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 earnings per share. Analysts predict that CarMax will post 2.3 earnings per share for the current year.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.