CarMax (NYSE:KMX) Given “Outperform” Rating at Wedbush

Wedbush restated their outperform rating on shares of CarMax (NYSE:KMX) in a research report sent to investors on Monday, Marketbeat Ratings reports. The firm currently has a $90.00 price target on the stock. Wedbush also issued estimates for CarMax’s FY2027 earnings at $4.72 EPS.

Several other analysts have also recently weighed in on the stock. Cfra Research upgraded shares of CarMax to a “strong-buy” rating in a report on Thursday, April 10th. StockNews.com lowered shares of CarMax from a “hold” rating to a “sell” rating in a report on Friday, April 11th. Royal Bank of Canada reduced their target price on CarMax from $103.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Evercore ISI dropped their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, Needham & Company LLC dropped their price target on CarMax from $101.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CarMax presently has an average rating of “Hold” and a consensus target price of $87.73.

CarMax Trading Down 3.4 %

KMX opened at $62.40 on Monday. CarMax has a one year low of $61.67 and a one year high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The business has a 50 day simple moving average of $76.14 and a two-hundred day simple moving average of $78.72. The firm has a market capitalization of $9.53 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 1.67 and a beta of 1.58.

Insiders Place Their Bets

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now owns 227 shares of the company’s stock, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.66% of the stock is owned by insiders.

Institutional Trading of CarMax

A number of hedge funds have recently bought and sold shares of KMX. Cromwell Holdings LLC boosted its holdings in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after buying an additional 217 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in shares of CarMax in the 4th quarter worth $53,000. Allworth Financial LP raised its holdings 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 purchasing an additional 249 shares during the period. ST Germain D J Co. Inc. purchased a new position in CarMax during the fourth quarter valued at $58,000. Finally, Colonial Trust Co SC increased its position in CarMax by 2,310.0% in the fourth quarter. Colonial Trust Co SC now owns 723 shares of the company’s stock worth $59,000 after buying an additional 693 shares in the last quarter.

About CarMax

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.