CarMax (NYSE:KMX) PT Lowered to $95.00 at JPMorgan Chase & Co.

CarMax (NYSE:KMXGet Rating) had its price target decreased by investment analysts at JPMorgan Chase & Co. from $100.00 to $95.00 in a note issued to investors on Friday, The Fly reports. JPMorgan Chase & Co.‘s price target points to a potential upside of 6.89% from the company’s previous close.

Several other analysts have also weighed in on the company. Bank of America cut CarMax from a “neutral” rating to an “underperform” rating in a research report on Friday. Royal Bank of Canada upped their price target on shares of CarMax from $104.00 to $108.00 and gave the stock an “outperform” rating in a research report on Monday, June 27th. Wedbush upped their price target on CarMax from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, June 27th. Finally, Morgan Stanley dropped their price target on shares of CarMax from $140.00 to $124.00 and set an “overweight” rating for the company in a research note on Thursday, July 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $125.78.

CarMax Trading Up 0.4 %

NYSE:KMX opened at $88.88 on Friday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 2.72. CarMax has a 52 week low of $84.37 and a 52 week high of $155.98. The stock’s 50 day moving average price is $94.37 and its 200 day moving average price is $95.75. The company has a market capitalization of $14.15 billion, a P/E ratio of 15.09, a P/E/G ratio of 0.97 and a beta of 1.40.

CarMax (NYSE:KMXGet Rating) last posted its quarterly earnings data on Friday, June 24th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.05. CarMax had a return on equity of 18.40% and a net margin of 2.88%. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.38 billion. During the same period in the previous year, the company posted $2.63 earnings per share. On average, research analysts forecast that CarMax will post 5.72 EPS for the current fiscal year.

Insider Activity

In related news, EVP Mohammad Shamim sold 3,456 shares of the stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $93.91, for a total transaction of $324,552.96. Following the completion of the sale, the executive vice president now directly owns 8,769 shares of the company’s stock, valued at approximately $823,496.79. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Diane L. Cafritz sold 15,555 shares of the stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $94.75, for a total transaction of $1,473,836.25. Following the completion of the transaction, the executive vice president now owns 4,988 shares in the company, valued at $472,613. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mohammad Shamim sold 3,456 shares of the stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $93.91, for a total value of $324,552.96. Following the completion of the sale, the executive vice president now directly owns 8,769 shares of the company’s stock, valued at approximately $823,496.79. The disclosure for this sale can be found here. Insiders have sold 37,103 shares of company stock worth $3,445,847 in the last 90 days. Corporate insiders own 1.65% of the company’s stock.

Hedge Funds Weigh In On CarMax

Institutional investors and hedge funds have recently modified their holdings of the stock. WD Rutherford LLC acquired a new position in CarMax in the 1st quarter valued at $26,000. Curi Wealth Management LLC raised its position in CarMax by 595.2% in the second quarter. Curi Wealth Management LLC now owns 292 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. MV Capital Management Inc. grew its holdings in CarMax by 233.7% during the 2nd quarter. MV Capital Management Inc. now owns 297 shares of the company’s stock worth $27,000 after acquiring an additional 208 shares during the last quarter. Whittier Trust Co. raised its position in CarMax by 480.0% during the 1st quarter. Whittier Trust Co. now owns 290 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares during the last quarter. Finally, Clear Street Markets LLC raised its position in shares of CarMax by 410.6% during the second quarter. Clear Street Markets LLC now owns 337 shares of the company’s stock worth $30,000 after acquiring an additional 271 shares during the last quarter. 96.11% of the stock is currently owned by institutional investors and hedge funds.

CarMax Company Profile

(Get Rating)

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It 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.

Read More

The Fly logo

Analyst Recommendations for CarMax (NYSE:KMX)

Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.