Evercore ISI Raises CarMax (NYSE:KMX) Price Target to $85.00

CarMax (NYSE:KMX) had its price target increased by Evercore ISI from $78.00 to $85.00 in a research report sent to investors on Tuesday, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada raised their price target on CarMax from $80.00 to $83.00 and gave the company an outperform rating in a report on Friday, December 22nd. JPMorgan Chase & Co. cut their price target on CarMax from $70.00 to $60.00 and set an underweight rating for the company in a report on Wednesday, November 29th. Wedbush restated an outperform rating and set a $90.00 price target on shares of CarMax in a report on Friday, February 16th. Bank of America raised their price target on CarMax from $44.00 to $50.00 and gave the company an underperform rating in a report on Thursday, February 29th. Finally, Needham & Company LLC upgraded CarMax from a hold rating to a buy rating and set a $99.00 price target for the company in a report on Wednesday, March 20th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, CarMax currently has an average rating of Hold and a consensus target price of $80.42.

CarMax Stock Up 0.1 %

Shares of KMX opened at $87.11 on Tuesday. The business’s 50 day moving average is $76.89 and its 200 day moving average is $72.23. The company has a market capitalization of $13.75 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 1.32 and a beta of 1.61. CarMax has a 12-month low of $58.22 and a 12-month high of $88.22. The company has a current ratio of 2.45, a quick ratio of 0.71 and a debt-to-equity ratio of 3.01.

Insider Transactions at CarMax

In other news, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $70.08, for a total value of $1,541,760.00. Following the completion of the transaction, the executive vice president now owns 5,073 shares in the company, valued at approximately $355,515.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Diane L. Cafritz sold 22,000 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the transaction, the executive vice president now owns 5,073 shares in the company, valued at approximately $355,515.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the transaction, the vice president now owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,929 shares of company stock worth $2,740,901. 1.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CarMax

A number of large investors have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new position in CarMax during the 4th quarter valued at $5,637,000. Vanguard Group Inc. raised its position in CarMax by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 18,076,909 shares of the company’s stock valued at $1,387,222,000 after purchasing an additional 222,132 shares in the last quarter. Royal London Asset Management Ltd. raised its position in CarMax by 5.2% during the 4th quarter. Royal London Asset Management Ltd. now owns 61,781 shares of the company’s stock valued at $4,741,000 after purchasing an additional 3,054 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in CarMax by 3.0% during the 4th quarter. Chicago Partners Investment Group LLC now owns 6,010 shares of the company’s stock valued at $461,000 after purchasing an additional 174 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its position in CarMax by 18.9% during the 4th quarter. V Square Quantitative Management LLC now owns 4,104 shares of the company’s stock valued at $315,000 after purchasing an additional 651 shares in the last quarter.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.