CarMax (NYSE:KMX) Stock Rating Lowered by Wall Street Zen

CarMax (NYSE:KMX) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Friday.

Other research analysts have also issued reports about the company. Oppenheimer reaffirmed a “market perform” rating on shares of CarMax in a report on Friday, September 26th. Robert W. Baird lowered their target price on CarMax from $90.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Needham & Company LLC lowered their target price on CarMax from $92.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Mizuho lowered their target price on CarMax from $80.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, July 3rd. Finally, Benchmark started coverage on CarMax in a report on Thursday, July 17th. They set a “buy” rating and a $75.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.58.

CarMax Price Performance

Shares of KMX opened at $46.42 on Friday. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 0.87 and a beta of 1.27. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.06 and a current ratio of 2.46. CarMax has a one year low of $42.75 and a one year high of $91.25. The stock’s fifty day moving average is $56.99 and its 200-day moving average is $63.90.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, September 25th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.39). The business had revenue of $6.59 billion for the quarter, compared to analyst estimates of $7.07 billion. CarMax had a net margin of 1.98% and a return on equity of 8.51%. CarMax’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. Equities analysts anticipate that CarMax will post 3.23 EPS for the current year.

Institutional Trading of CarMax

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zions Bancorporation National Association UT acquired a new stake in CarMax during the 1st quarter worth about $27,000. CYBER HORNET ETFs LLC acquired a new stake in CarMax during the 2nd quarter worth about $28,000. MUFG Securities EMEA plc acquired a new stake in CarMax during the 2nd quarter worth about $30,000. Accent Capital Management LLC purchased a new stake in CarMax in the 1st quarter worth about $34,000. Finally, Strengthening Families & Communities LLC lifted its stake in CarMax by 93.1% in the 1st quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock worth $39,000 after acquiring an additional 256 shares in 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.