UBS AG lowered shares of CarMax Inc (NYSE:KMX) from an outperform rating to a market perform rating in a research report released on Thursday morning.

KMX has been the subject of a number of other reports. Citigroup Inc. lifted their price objective on CarMax to $84.00 and gave the company a buy rating in a report on Monday, September 25th. Deutsche Bank AG cut their price objective on CarMax from $73.00 to $72.00 and set a buy rating for the company in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) cut CarMax from a buy rating to a neutral rating and lifted their price objective for the company from $74.00 to $79.00 in a report on Monday, September 25th. Zacks Investment Research raised CarMax from a hold rating to a strong-buy rating and set a $74.00 price objective for the company in a report on Wednesday, August 16th. Finally, Wedbush reissued an outperform rating and set a $81.00 price objective (up from $77.00) on shares of CarMax in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $77.93.

CarMax (NYSE:KMX) traded up 0.58% during mid-day trading on Thursday, hitting $76.81. 1,298,360 shares of the company were exchanged. The stock’s 50 day moving average is $69.26 and its 200-day moving average is $63.64. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 22.06 and a beta of 1.38. CarMax has a 12-month low of $47.50 and a 12-month high of $77.64.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ 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 return on equity of 21.88% and a net margin of 4.09%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $0.88 earnings per share. Equities research analysts predict that CarMax will post $3.81 EPS for the current year.

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In other CarMax news, CEO William D. Nash sold 100,522 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $73.85, for a total transaction of $7,423,549.70. Following the completion of the sale, the chief executive officer now directly owns 62,902 shares of the company’s stock, valued at approximately $4,645,312.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mohammad Shamim sold 1,300 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $76.10, for a total value of $98,930.00. The disclosure for this sale can be found here. Insiders have sold a total of 644,520 shares of company stock valued at $46,786,223 over the last three months. Company insiders own 1.70% of the company’s stock.

Large investors have recently made changes to their positions in the business. Korea Investment CORP raised its holdings in CarMax by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after purchasing an additional 1,033 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in CarMax during the 2nd quarter worth about $112,000. Seven Eight Capital LP bought a new stake in CarMax during the 2nd quarter worth about $133,000. QS Investors LLC raised its holdings in CarMax by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after purchasing an additional 22 shares during the last quarter. Finally, Global X Management Co. LLC raised its holdings in CarMax by 7.3% during the 1st 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)

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