CarMax, Inc. (KMX) – What Are Brokerages Thinking About This Stock?

Shares of CarMax, Inc. (NYSE:KMX) have been given a consensus recommendation of “Hold” by the seventeen analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $58.00.

Several research analysts have commented on the company. JPMorgan Chase & Co. lowered their target price on CarMax from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, November 4th. UBS Group set a $65.00 price target on shares of CarMax in a research note on Thursday, October 15th. Robert W. Baird lifted their price target on shares of CarMax from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, September 30th. Mizuho set a $50.00 price objective on shares of CarMax in a research report on Wednesday, November 4th. Finally, Wall Street Zen downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st.

CarMax Price Performance

CarMax stock opened at $54.05 on Wednesday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.57 and a current ratio of 2.33. CarMax has a 52 week low of $31.95 and a 52 week high of $65.28. The stock has a market capitalization of $7.67 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.46 and a beta of 1.22. The stock has a fifty day moving average of $55.85 and a 200-day moving average of $49.68.

CarMax (NYSE:KMX) last released its quarterly earnings data on Tuesday, September 29th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.43. The business had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.09 billion. CarMax had a return on equity of 7.76% and a net margin of 1.06%. CarMax’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. On average, sell-side analysts expect that CarMax will post 3.23 earnings per share for the current fiscal year.

Institutional Trading of CarMax

Hedge funds and other institutional investors have recently modified their holdings of the stock. Basecamp Wealth Advisors LLC increased its holdings in shares of CarMax by 105.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company’s stock worth $26,000 after buying an additional 327 shares in the last quarter. Covestor Ltd lifted its stake in shares of CarMax by 471.1% in the 3rd quarter. Covestor Ltd now owns 514 shares of the company’s stock valued at $28,000 after acquiring an additional 424 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of CarMax during the 2nd quarter valued at $29,000. Wellington Grp LLC boosted its holdings in shares of CarMax by 6,500.0% during the 1st quarter. Wellington Grp LLC now owns 726 shares of the company’s stock valued at $30,000 after acquiring an additional 715 shares in the last quarter. Finally, Provenance Wealth Advisors LLC acquired a new stake in shares of CarMax during the 3rd quarter valued at $31,000.

About CarMax

CarMax, Inc. is a U.S. used-vehicle retailer headquartered in Richmond, Virginia. The company sells used cars, trucks and SUVs through a network of retail stores and online platforms, where customers can browse vehicles and complete parts of the buying process digitally. In addition to retail sales, CarMax buys vehicles from consumers and operates wholesale auctions for vehicles that are not sold through its retail stores. Its related services include vehicle financing through CarMax Auto Finance and optional vehicle protection products.