CarMax, Inc. (NYSE:KMX) Receives $76.17 Consensus Price Target from Brokerages

Shares of CarMax, Inc. (NYSE:KMXGet Free Report) have earned an average rating of “Hold” from the twelve analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $76.17.

A number of research analysts have recently commented on KMX shares. Robert W. Baird dropped their price objective on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. Mizuho dropped their price objective on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Truist Financial dropped their price objective on shares of CarMax from $72.00 to $66.00 and set a “hold” rating for the company in a research note on Tuesday, June 18th. Wedbush reaffirmed an “outperform” rating and set a $90.00 price objective on shares of CarMax in a research note on Tuesday, June 18th. Finally, Needham & Company LLC dropped their price objective on shares of CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a research note on Friday, April 12th.

Read Our Latest Report on CarMax

CarMax Price Performance

NYSE:KMX opened at $71.63 on Wednesday. The firm has a market cap of $11.27 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 1.40 and a beta of 1.69. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. The company’s 50-day moving average is $70.25 and its two-hundred day moving average is $73.88. CarMax has a 12-month low of $59.66 and a 12-month high of $88.22.

CarMax (NYSE:KMXGet Free Report) last released its earnings results on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.06). The firm had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. CarMax’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter last year, the company posted $1.16 earnings per share. Research analysts expect that CarMax will post 3.06 EPS for the current year.

Insider Buying and Selling

In related news, EVP Diane L. Cafritz sold 15,356 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the sale, the executive vice president now owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.66% of the company’s stock.

Institutional Trading of CarMax

Several large investors have recently bought and sold shares of KMX. DekaBank Deutsche Girozentrale grew its position in CarMax by 7.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 29,113 shares of the company’s stock valued at $2,003,000 after acquiring an additional 1,971 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in CarMax in the third quarter valued at approximately $1,445,000. Envestnet Asset Management Inc. grew its position in CarMax by 38.6% in the third quarter. Envestnet Asset Management Inc. now owns 1,161,514 shares of the company’s stock valued at $82,154,000 after acquiring an additional 323,652 shares in the last quarter. Invesco Ltd. grew its position in CarMax by 3.1% in the third 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 in the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of CarMax by 262.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,453 shares of the company’s stock valued at $244,000 after buying an additional 2,500 shares during the last quarter.

About CarMax

(Get Free Report

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.

See Also

Analyst Recommendations for CarMax (NYSE:KMX)

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