Evercore ISI Trims CarMax (NYSE:KMX) Target Price to $74.00

CarMax (NYSE:KMXFree Report) had its price target cut by Evercore ISI from $85.00 to $74.00 in a report released on Friday, Benzinga reports. They currently have an in-line rating on the stock.

Other research analysts have also issued research reports about the company. Truist Financial dropped their target price on CarMax from $75.00 to $72.00 and set a hold rating for the company in a research report on Friday. Bank of America boosted their target price on CarMax from $44.00 to $50.00 and gave the company an underperform rating in a research report on Thursday, February 29th. Robert W. Baird dropped their target price on CarMax from $88.00 to $84.00 and set an outperform rating for the company in a research report on Friday. Needham & Company LLC dropped their target price on CarMax from $99.00 to $91.00 and set a buy rating for the company in a research report on Friday. Finally, Oppenheimer restated an outperform rating and set a $105.00 target price on shares of CarMax in a research report on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $78.67.

Read Our Latest Analysis on KMX

CarMax Trading Down 0.8 %

Shares of NYSE KMX opened at $71.41 on Friday. The business’s 50 day moving average is $78.80 and its two-hundred day moving average is $72.10. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.71. CarMax has a 1-year low of $59.66 and a 1-year high of $88.22. The stock has a market capitalization of $11.28 billion, a P/E ratio of 23.57, a PEG ratio of 1.08 and a beta of 1.61.

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

Insiders Place Their Bets

In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the company’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 completion of the sale, the vice president now 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 this link. In other CarMax news, EVP Diane L. Cafritz sold 22,000 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the sale, the executive vice president now owns 5,073 shares in the company, valued at $355,515.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jill A. Livesay sold 14,199 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the transaction, the vice president now directly owns 9,068 shares in the company, valued at $642,830.52. 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.

Hedge Funds Weigh In On CarMax

Large investors have recently made changes to their positions in the business. ProVise Management Group LLC increased its position in shares of CarMax by 31.5% during the third quarter. ProVise Management Group LLC now owns 58,701 shares of the company’s stock worth $4,152,000 after purchasing an additional 14,052 shares in the last quarter. Montag A & Associates Inc. increased its position in shares of CarMax by 61.6% during the third quarter. Montag A & Associates Inc. now owns 49,985 shares of the company’s stock worth $3,535,000 after purchasing an additional 19,056 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of CarMax by 8.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 235,544 shares of the company’s stock worth $18,076,000 after purchasing an additional 18,914 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of CarMax by 6.9% in the 3rd quarter. Corient Private Wealth LLC now owns 934,259 shares of the company’s stock valued at $66,080,000 after acquiring an additional 60,604 shares during the period. Finally, Invesco Ltd. increased its position in shares of CarMax by 3.1% in the 3rd quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock valued at $207,843,000 after acquiring an additional 88,488 shares during the period.

About CarMax

(Get Free Report)

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.

Further Reading

Analyst Recommendations for CarMax (NYSE:KMX)

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