BidaskClub upgraded shares of CarMax Inc (NYSE:KMX) from a hold rating to a buy rating in a report published on Sunday.

KMX has been the subject of several other reports. Deutsche Bank AG decreased their target price on shares of CarMax from $73.00 to $72.00 and set a buy rating for the company in a research report on Tuesday, July 4th. Zacks Investment Research downgraded shares of CarMax from a hold rating to a sell rating in a research report on Tuesday, April 4th. Oppenheimer Holdings, Inc. set a $72.00 target price on shares of CarMax and gave the stock a buy rating in a research report on Friday, April 21st. Wedbush reissued a neutral rating and issued a $60.00 target price on shares of CarMax in a research report on Monday, March 27th. Finally, UBS AG downgraded shares of CarMax from a positive rating to a neutral rating in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CarMax currently has an average rating of Buy and a consensus target price of $69.00.

Shares of CarMax (KMX) traded down 0.94% during trading on Friday, hitting $64.42. 1,367,884 shares of the company’s stock were exchanged. The firm has a market capitalization of $11.80 billion, a PE ratio of 18.50 and a beta of 1.34. The stock’s 50 day moving average is $62.19 and its 200 day moving average is $62.76. CarMax has a 1-year low of $47.50 and a 1-year high of $69.11.

CarMax (NYSE:KMX) last released its quarterly earnings data on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.15. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.46 billion. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. On average, equities research analysts forecast that CarMax will post $3.70 earnings per share for the current year.

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In other news, EVP Eric M. Margolin sold 18,659 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $64.06, for a total value of $1,195,295.54. Following the completion of the transaction, the executive vice president now owns 47,163 shares in the company, valued at approximately $3,021,261.78. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas J. Folliard sold 50,000 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $61.41, for a total transaction of $3,070,500.00. Following the completion of the transaction, the director now owns 509,166 shares of the company’s stock, valued at approximately $31,267,884.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,497 shares of company stock valued at $6,103,933. Corporate insiders own 1.70% of the company’s stock.

Several large investors have recently made changes to their positions in KMX. First Bank & Trust boosted its stake in shares of 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 during the period. Quantitative Systematic Strategies LLC boosted its stake in shares of CarMax by 35.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 35,213 shares of the company’s stock worth $2,085,000 after buying an additional 9,221 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of CarMax by 6.2% in the first quarter. PNC Financial Services Group Inc. now owns 193,635 shares of the company’s stock worth $11,467,000 after buying an additional 11,352 shares during the period. Legal & General Group Plc boosted its stake in shares of CarMax by 2.6% in the first quarter. Legal & General Group Plc now owns 907,143 shares of the company’s stock worth $53,722,000 after buying an additional 23,085 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of CarMax by 2.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,076 shares of the company’s stock worth $281,000 after buying an additional 131 shares during the period.

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)

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