CarMax, Inc. (NYSE:KMX) Receives $87.73 Consensus Price Target from Analysts

CarMax, Inc. (NYSE:KMX) has been assigned an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $87.73.

Several research firms have commented on KMX. Royal Bank of Canada reaffirmed an “underperform” rating on shares of CarMax in a report on Monday, April 21st. JPMorgan Chase & Co. lowered their price objective on CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research note on Thursday, March 27th. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $86.00 to $90.00 in a research note on Wednesday, March 26th. Evercore ISI lowered their price objective on 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 lowered their price objective on CarMax from $101.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, April 11th.

Insider Buying and Selling

In other news, Director Mitchell D. Steenrod acquired 1,300 shares of CarMax stock in a transaction on Thursday, April 24th. The shares were purchased at an average price of $65.49 per share, with a total value of $85,137.00. Following the acquisition, the director now owns 33,577 shares in the company, valued at $2,198,957.73. This represents a 4.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new position in CarMax during the 1st quarter worth $27,000. Cromwell Holdings LLC lifted its holdings in CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after buying an additional 217 shares in the last quarter. Accent Capital Management LLC acquired a new position in CarMax during the 1st quarter worth $34,000. Strengthening Families & Communities LLC lifted its holdings in CarMax by 93.1% during the 1st quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock worth $39,000 after buying an additional 256 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new position in CarMax during the 4th quarter worth $53,000.

CarMax Trading Down 2.8%

CarMax stock opened at $67.61 on Friday. The business has a 50 day moving average price of $70.27 and a two-hundred day moving average price of $77.88. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. CarMax has a 12 month low of $61.67 and a 12 month high of $91.25.

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.