CarMax (NYSE:KMX) Stock Rating Upgraded by Stephens

CarMax (NYSE:KMX) was upgraded by Stephens from an “equal weight” rating to an “overweight” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has a $90.00 price objective on the stock, up from their prior price objective of $86.00. Stephens’ price target would indicate a potential upside of 16.70% from the company’s current price.

KMX has been the topic of a number of other research reports. Mizuho upped their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. JPMorgan Chase & Co. raised their target price on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Royal Bank of Canada upped their price target on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Finally, Truist Financial upped their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $90.18.

CarMax Stock Performance

NYSE KMX opened at $77.12 on Wednesday. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The company has a fifty day simple moving average of $80.51 and a 200 day simple moving average of $79.32. CarMax has a 12-month low of $65.83 and a 12-month high of $91.25. The company has a market cap of $11.86 billion, a P/E ratio of 26.14, a PEG ratio of 1.67 and a beta of 1.76.

Insider Buying and Selling

In other CarMax news, EVP Mohammad Shamim sold 12,845 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $81.94, for a total value of $1,052,519.30. Following the completion of the transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at $961,811.72. The trade was a 52.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,709 shares of company stock worth $7,642,379. Corporate insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC lifted its stake in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after purchasing an additional 436 shares during the last quarter. Cromwell Holdings LLC raised its holdings in shares of CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after buying an additional 217 shares in the last quarter. Allworth Financial LP lifted its position in CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after buying an additional 249 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in CarMax in the fourth quarter worth approximately $53,000. Finally, Larson Financial Group LLC grew its position in CarMax by 91.9% during the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after acquiring an additional 353 shares during the last quarter.

CarMax Company Profile

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.