CarMax, Inc. (NYSE:KMX) Receives $87.50 Average Target Price from Analysts

Shares of CarMax, Inc. (NYSE:KMX) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $87.50.

Several brokerages recently commented on KMX. Mizuho upped their price target on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Needham & Company LLC boosted their target price on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Evercore ISI upgraded CarMax from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $90.00 to $110.00 in a report on Thursday, February 6th. Finally, Stephens started coverage on CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target on the stock.

CarMax Stock Performance

NYSE:KMX opened at $82.47 on Monday. The company has a 50-day moving average of $83.34 and a 200-day moving average of $80.27. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 1.67 and a beta of 1.72. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax has a twelve month low of $65.83 and a twelve month high of $91.25.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Analysts forecast that CarMax will post 3.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Jill A. Livesay sold 13,009 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the transaction, the vice president now directly owns 9,448 shares of the company’s stock, valued at approximately $765,288. This trade represents a 57.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jon G. Daniels sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total value of $853,000.00. Following the completion of the sale, the senior vice president now owns 995 shares of the company’s stock, valued at approximately $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,467 shares of company stock worth $21,915,445. Insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Lakewood Asset Management LLC increased its stake in shares of CarMax by 0.6% in the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock worth $1,778,000 after purchasing an additional 135 shares during the period. Arete Wealth Advisors LLC grew its holdings in CarMax by 4.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock valued at $266,000 after buying an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in CarMax by 3.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock worth $383,000 after buying an additional 141 shares during the period. Timber Creek Capital Management LLC lifted its holdings in shares of CarMax by 0.3% during the fourth quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock worth $4,709,000 after buying an additional 145 shares during the last quarter. Finally, Chemistry Wealth Management LLC boosted its position in shares of CarMax by 1.4% in the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock valued at $999,000 after acquiring an additional 164 shares during the period.

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.