CarMax Inc (NYSE:KMX)‘s stock had its “market perform” rating restated by investment analysts at CIBC in a report released on Thursday.

A number of other equities analysts have also recently issued reports on KMX. Oppenheimer Holdings, Inc. set a $72.00 target price on CarMax and gave the stock a “buy” rating in a report on Monday, June 19th. Royal Bank Of Canada raised CarMax from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $63.00 to $69.00 in a report on Thursday, June 22nd. UBS AG cut CarMax from a “positive” rating to a “neutral” rating in a report on Thursday, June 22nd. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $70.00 price target (up previously from $66.00) on shares of CarMax in a research report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $74.00 price target (up previously from $72.00) on shares of CarMax in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $77.93.

CarMax (NYSE KMX) traded down 0.18% during trading on Thursday, reaching $76.31. The company had a trading volume of 420,249 shares. CarMax has a 12-month low of $47.50 and a 12-month high of $77.64. The firm’s 50 day moving average price is $68.93 and its 200 day moving average price is $63.55. The firm has a market capitalization of $13.98 billion, a PE ratio of 21.92 and a beta of 1.38.

CarMax (NYSE:KMX) last issued its earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Analysts anticipate that CarMax will post $3.81 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/10/05/cibc-reaffirms-market-perform-rating-for-carmax-inc-kmx.html.

In other CarMax news, EVP Edwin J. Hill sold 35,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $64.88, for a total value of $2,270,800.00. Following the transaction, the executive vice president now owns 39,792 shares in the company, valued at $2,581,704.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Eric M. Margolin sold 26,838 shares of the stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $64.15, for a total value of $1,721,657.70. Following the completion of the transaction, the executive vice president now owns 55,342 shares in the company, valued at approximately $3,550,189.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 658,670 shares of company stock worth $47,539,363. Corporate insiders own 1.70% of the company’s stock.

A number of large investors have recently made changes to their positions in KMX. Korea Investment CORP boosted its holdings in CarMax by 140.5% in the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after acquiring an additional 1,033 shares in the last quarter. State of Alaska Department of Revenue bought a new position in CarMax in the second quarter worth approximately $112,000. Seven Eight Capital LP bought a new position in CarMax in the second quarter worth approximately $133,000. QS Investors LLC boosted its holdings in CarMax by 1.0% in 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. Finally, Global X Management Co. LLC raised its stake in shares of 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 purchasing an additional 169 shares during the last quarter.

CarMax Company Profile

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.