BidaskClub upgraded shares of CarMax Inc (NYSE:KMX) from a hold rating to a buy rating in a research note issued to investors on Sunday.

KMX has been the topic of several other reports. Zacks Investment Research cut shares of CarMax from a hold rating to a sell rating in a report on Tuesday, April 4th. Wedbush restated a neutral rating and set a $60.00 price target on shares of CarMax in a report on Monday, March 27th. Royal Bank Of Canada lowered their price target on shares of CarMax from $71.00 to $63.00 and set a sector perform rating on the stock in a report on Friday, April 7th. CIBC restated a buy rating on shares of CarMax in a report on Thursday, April 6th. Finally, Oppenheimer Holdings, Inc. set a $72.00 price target on shares of CarMax and gave the company a buy rating in a report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of $69.00.

Shares of CarMax (NYSE KMX) traded down 0.94% on Friday, reaching $64.42. The company had a trading volume of 1,367,884 shares. The stock has a market capitalization of $11.80 billion, a PE ratio of 18.50 and a beta of 1.34. CarMax has a 52-week low of $47.50 and a 52-week high of $69.11. The company has a 50 day moving average price of $62.19 and a 200 day moving average price of $62.76.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Wednesday, June 21st. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The business had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the previous year, the company posted $0.90 EPS. CarMax’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts anticipate that CarMax will post $3.70 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & international copyright and trademark law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/07/16/carmax-inc-kmx-upgraded-by-bidaskclub-to-buy.html.

In related news, Director Edgar H. Grubb sold 2,000 shares of the company’s stock in a transaction on Friday, April 21st. The shares were sold at an average price of $58.24, for a total value of $116,480.00. Following the completion of the sale, the director now directly owns 42,005 shares in the company, valued at $2,446,371.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric M. Margolin sold 26,838 shares of the company’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $64.15, for a total transaction of $1,721,657.70. Following the completion of the sale, the executive vice president now owns 55,342 shares of the company’s stock, valued at $3,550,189.30. The disclosure for this sale can be found here. Insiders sold 97,497 shares of company stock valued at $6,103,933 over the last quarter. 1.70% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of KMX. State of Alaska Department of Revenue purchased a new position in CarMax during the second quarter worth $112,000. First Bank & Trust raised its position in CarMax by 7.1% in the first quarter. First Bank & Trust now owns 2,077 shares of the company’s stock worth $123,000 after buying an additional 138 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in CarMax by 2.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock worth $124,000 after buying an additional 49 shares in the last quarter. Global X Management Co. LLC raised its position in CarMax by 7.3% in the first quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock worth $148,000 after buying an additional 169 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in CarMax by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,523 shares of the company’s stock worth $209,000 after buying an additional 110 shares in 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.

Analyst Recommendations for CarMax (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.