CarMax (NYSE:KMX)‘s stock had its “hold” rating reissued by stock analysts at Oppenheimer in a report issued on Wednesday. They presently have a $80.00 price target on the stock. Oppenheimer’s price objective suggests a potential upside of 18.13% from the stock’s current price.

Several other equities analysts have also recently issued reports on KMX. Moffett Nathanson assumed coverage on shares of CarMax in a research report on Monday. They issued a “neutral” rating for the company. Deutsche Bank decreased their price target on shares of CarMax from $84.00 to $76.00 and set a “hold” rating for the company in a research report on Sunday, November 26th. 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 research report on Wednesday, November 22nd. ValuEngine cut shares of CarMax from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, CIBC restated a “market perform” rating on shares of CarMax in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. CarMax currently has a consensus rating of “Hold” and an average price target of $77.00.

CarMax (NYSE KMX) traded down $2.99 during mid-day trading on Wednesday, reaching $67.72. 3,143,600 shares of the company were exchanged, compared to its average volume of 2,226,024. The firm has a market cap of $12,892.55, a PE ratio of 19.43, a price-to-earnings-growth ratio of 1.19 and a beta of 1.48. CarMax has a twelve month low of $54.29 and a twelve month high of $77.64. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.48 and a current ratio of 2.33.

CarMax (NYSE:KMX) last released its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.03. The business 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 firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. analysts predict that CarMax will post 3.84 EPS for the current fiscal year.

In other news, Director Thomas J. Folliard sold 8,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $68.72, for a total value of $549,760.00. Following the sale, the director now directly owns 447,572 shares of the company’s stock, valued at approximately $30,757,147.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO William C. Jr. Wood sold 201,701 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $73.56, for a total transaction of $14,837,125.56. Following the completion of the sale, the chief operating officer now directly owns 146,717 shares in the company, valued at $10,792,502.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 625,955 shares of company stock worth $46,214,378. Insiders own 1.90% of the company’s stock.

Large investors have recently bought and sold shares of the company. Korea Investment CORP boosted its stake in CarMax by 140.5% during 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 during the second quarter worth $112,000. Seven Eight Capital LP bought a new position in CarMax during the second quarter worth $133,000. Tredje AP fonden bought a new position in CarMax during the third quarter worth $144,000. Finally, QS Investors LLC boosted its stake 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.

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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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