CarMax Inc. (KMX) Given Average Recommendation of “Hold” by Analysts
Shares of CarMax Inc. (NYSE:KMX) have been assigned an average rating of “Hold” from the seventeen ratings firms that are currently covering the firm. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $63.10.
A number of equities analysts have weighed in on the company. Deutsche Bank AG upped their price target on CarMax from $65.00 to $66.00 and gave the stock a “hold” rating in a research report on Thursday, September 22nd. Wedbush reaffirmed a “neutral” rating and set a $55.00 price target on shares of CarMax in a research report on Wednesday, November 16th. Robert W. Baird increased their price objective on CarMax from $58.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, September 7th. Oppenheimer Holdings Inc. reissued an “outperform” rating on shares of CarMax in a report on Sunday, October 16th. Finally, Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Thursday, October 6th.
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In related news, Director Jeffrey E. Garten sold 6,300 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $53.41, for a total value of $336,483.00. Following the transaction, the director now owns 21,552 shares in the company, valued at $1,151,092.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC boosted its position in shares of CarMax by 51.8% in the first quarter. LPL Financial LLC now owns 22,628 shares of the company’s stock worth $1,159,000 after buying an additional 7,726 shares during the last quarter. Royal Bank of Canada boosted its position in shares of CarMax by 217.0% in the first quarter. Royal Bank of Canada now owns 366,697 shares of the company’s stock worth $18,738,000 after buying an additional 251,010 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of CarMax by 17.2% in the second quarter. BNP Paribas Arbitrage SA now owns 37,824 shares of the company’s stock worth $1,855,000 after buying an additional 5,538 shares during the last quarter. Nexus Investment Management Inc. boosted its position in shares of CarMax by 1.8% in the second quarter. Nexus Investment Management Inc. now owns 312,950 shares of the company’s stock worth $15,344,000 after buying an additional 5,500 shares during the last quarter. Finally, Howland Capital Management LLC boosted its position in shares of CarMax by 0.6% in the second quarter. Howland Capital Management LLC now owns 314,232 shares of the company’s stock worth $15,407,000 after buying an additional 1,825 shares during the last quarter.
CarMax (NYSE:KMX) traded down 1.54% during mid-day trading on Monday, reaching $57.48. 568,752 shares of the company’s stock were exchanged. CarMax has a 52-week low of $41.25 and a 52-week high of $60.81. The company has a market cap of $10.94 billion, a PE ratio of 18.69 and a beta of 1.24. The stock has a 50-day moving average price of $52.47 and a 200 day moving average price of $53.88.
CarMax (NYSE:KMX) last released its quarterly earnings results on Wednesday, September 21st. The company reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. CarMax had a return on equity of 20.92% and a net margin of 3.95%. The firm earned $4 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the firm posted $0.79 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Equities analysts predict that CarMax will post $3.27 earnings per share for the current fiscal year.
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.
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