Oppenheimer Reiterates “Hold” Rating for CarMax (KMX)
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.
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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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.
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