CarMax Inc (KMX) PT Raised to $84.00 at Citigroup Inc.
CarMax Inc (NYSE:KMX) had its price objective raised by investment analysts at Citigroup Inc. to $84.00 in a research note issued on Monday. The firm presently has a “buy” rating on the stock. Citigroup Inc.’s price target indicates a potential upside of 13.22% from the company’s current price.
Several other research analysts have also recently weighed in on the stock. CIBC upped their price target on shares of CarMax from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, September 19th. Oppenheimer Holdings, Inc. upped their price target on shares of CarMax from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, September 19th. Wedbush reiterated an “outperform” rating and issued a $77.00 price target (up previously from $73.00) on shares of CarMax in a report on Wednesday, September 13th. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Friday, September 8th. Finally, ValuEngine cut shares of CarMax from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $73.15.
Shares of CarMax (KMX) opened at 74.19 on Monday. The firm has a 50-day moving average of $66.11 and a 200-day moving average of $62.70. The stock has a market cap of $13.60 billion, a P/E ratio of 21.31 and a beta of 1.32. CarMax has a 52-week low of $47.50 and a 52-week high of $74.60.
CarMax (NYSE:KMX) last released its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.03. The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 earnings per share. On average, equities analysts expect that CarMax will post $3.72 EPS for the current fiscal year.
In other CarMax news, CFO Thomas W. Reedy, Jr. sold 8,583 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $66.87, for a total transaction of $573,945.21. Following the sale, the chief financial officer now directly owns 70,522 shares of the company’s stock, valued at $4,715,806.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric M. Margolin sold 18,659 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $64.06, for a total transaction of $1,195,295.54. Following the sale, the executive vice president now directly owns 47,163 shares in the company, valued at $3,021,261.78. The disclosure for this sale can be found here. Insiders have sold 154,515 shares of company stock worth $10,108,759 over the last ninety days. Insiders own 1.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. QS Investors LLC raised its position in CarMax by 1.0% during the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after acquiring an additional 22 shares in the last quarter. YorkBridge Wealth Partners LLC raised its position in CarMax by 1.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock worth $149,000 after acquiring an additional 29 shares in the last quarter. Osborne Partners Capital Management LLC raised its position in CarMax by 0.5% during the second quarter. Osborne Partners Capital Management LLC now owns 18,565 shares of the company’s stock worth $1,171,000 after acquiring an additional 90 shares in the last quarter. Kelman Lazarov Inc. raised its position in CarMax by 0.8% during the second quarter. Kelman Lazarov Inc. now owns 13,300 shares of the company’s stock worth $839,000 after acquiring an additional 100 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in CarMax by 3.2% during the first quarter. Pacer Advisors Inc. now owns 3,523 shares of the company’s stock worth $209,000 after acquiring an additional 110 shares in the last quarter.
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.
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.