CarMax (NYSE:KMX) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of CarMax (NYSE:KMX) from a sell rating to a hold rating in a research report released on Saturday.

Other equities research analysts have also issued reports about the stock. Robert W. Baird boosted their price objective on shares of CarMax from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Mizuho dropped their target price on shares of CarMax from $46.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Truist Financial lifted their target price on shares of CarMax from $35.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, December 18th. Stephens upped their price target on shares of CarMax from $39.00 to $43.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Evercore set a $42.00 price target on shares of CarMax in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $39.71.

CarMax Stock Down 0.1%

KMX opened at $41.21 on Friday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.51 and a current ratio of 1.99. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 1.05 and a beta of 1.30. CarMax has a one year low of $30.26 and a one year high of $81.79. The business’s fifty day moving average is $43.11 and its two-hundred day moving average is $42.58.

Institutional Investors Weigh In On CarMax

Hedge funds have recently modified their holdings of the company. SRS Investment Management LLC raised its position in shares of CarMax by 1,717.5% in the fourth quarter. SRS Investment Management LLC now owns 5,637,803 shares of the company’s stock valued at $217,845,000 after buying an additional 5,327,603 shares during the last quarter. AQR Capital Management LLC boosted its position in CarMax by 151.8% during the fourth quarter. AQR Capital Management LLC now owns 7,930,345 shares of the company’s stock worth $306,429,000 after acquiring an additional 4,780,903 shares during the last quarter. Norges Bank purchased a new stake in CarMax in the 4th quarter worth approximately $159,232,000. The Manufacturers Life Insurance Company raised its holdings in CarMax by 795.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,846,406 shares of the company’s stock valued at $124,097,000 after acquiring an additional 1,640,219 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in CarMax by 73.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock valued at $158,074,000 after acquiring an additional 1,494,205 shares during the last quarter.

CarMax Company Profile

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.