CarMax Inc. (NYSE:KMX)‘s stock had its “neutral” rating reaffirmed by research analysts at Wedbush in a report released on Wednesday. They currently have a $55.00 target price on the stock. Wedbush’s target price suggests a potential downside of 2.20% from the stock’s current price.

A number of other research analysts have also recently issued reports on KMX. Susquehanna initiated coverage on CarMax in a research note on Thursday, August 25th. They set a “positive” rating and a $70.00 price objective for the company. Robert W. Baird lifted their price objective on CarMax from $58.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, September 7th. Buckingham Research cut CarMax from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $59.00 to $63.00 in a research note on Friday, September 9th. They noted that the move was a valuation call. Vetr cut CarMax from a “buy” rating to a “hold” rating and set a $57.52 price objective for the company. in a research note on Monday, September 12th. Finally, Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. CarMax presently has a consensus rating of “Hold” and an average price target of $62.16.

Analyst Recommendations for CarMax (NYSE:KMX)

CarMax (NYSE:KMX) opened at 56.24 on Wednesday. The stock’s 50 day moving average price is $51.53 and its 200-day moving average price is $53.60. CarMax has a 12 month low of $41.25 and a 12 month high of $60.81. The stock has a market cap of $10.70 billion, a PE ratio of 18.28 and a beta of 1.24.

CarMax (NYSE:KMX) last released its earnings results on Wednesday, September 21st. The company reported $0.88 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.88. The company earned $4 billion during the quarter, compared to analysts’ expectations of $4.11 billion. CarMax had a return on equity of 20.92% and a net margin of 3.95%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. Analysts anticipate that CarMax will post $3.27 EPS for the current fiscal year.

In related news, Director Jeffrey E. Garten sold 6,300 shares of CarMax stock in a transaction on Monday, September 26th. The stock was sold at an average price of $53.41, for a total transaction of $336,483.00. Following the transaction, the director now directly owns 21,552 shares in the company, valued at $1,151,092.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in KMX. Bronfman E.L. Rothschild L.P. increased its position in CarMax by 1,283.1% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 2,047 shares of the company’s stock valued at $109,000 after buying an additional 1,899 shares during the period. Tower Research Capital LLC TRC increased its position in shares of CarMax by 6.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,077 shares of the company’s stock valued at $111,000 after buying an additional 133 shares during the last quarter. Global X Management Co. LLC increased its position in shares of CarMax by 64.1% in the third quarter. Global X Management Co. LLC now owns 2,405 shares of the company’s stock valued at $128,000 after buying an additional 939 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of CarMax by 52.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,600 shares of the company’s stock valued at $133,000 after buying an additional 900 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. increased its position in shares of CarMax by 91.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,086 shares of the company’s stock valued at $151,000 after buying an additional 1,472 shares during the last quarter.

About CarMax

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

5 Day Chart for NYSE:KMX

Receive News & Stock Ratings for CarMax Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax Inc. and related stocks with our FREE daily email newsletter.