CarMax, Inc. (NYSE:KMX) Given Consensus Rating of “Hold” by Analysts

CarMax, Inc. (NYSE:KMX) has been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $77.42.

KMX has been the topic of several research reports. Bank of America boosted their price objective on shares of CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, February 29th. Wedbush reissued an “outperform” rating and issued a $90.00 price objective on shares of CarMax in a research report on Tuesday, April 16th. Truist Financial reduced their target price on shares of CarMax from $75.00 to $72.00 and set a “hold” rating for the company in a report on Friday, April 12th. Evercore ISI cut their price target on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a research report on Friday, April 12th. Finally, Mizuho reduced their price objective on shares of CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, April 12th.

Insider Buying and Selling

In related news, EVP Diane L. Cafritz sold 15,356 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the sale, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at $485,110.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CarMax

Large investors have recently made changes to their positions in the business. AE Wealth Management LLC lifted its holdings in shares of CarMax by 58.5% during the 3rd quarter. AE Wealth Management LLC now owns 5,299 shares of the company’s stock valued at $375,000 after buying an additional 1,956 shares during the period. SG Americas Securities LLC boosted its stake in shares of CarMax by 73.7% during the 3rd quarter. SG Americas Securities LLC now owns 18,255 shares of the company’s stock worth $1,291,000 after acquiring an additional 7,743 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of CarMax during the 3rd quarter valued at $106,000. Czech National Bank increased its stake in shares of CarMax by 47.6% in the 3rd quarter. Czech National Bank now owns 27,651 shares of the company’s stock worth $1,956,000 after purchasing an additional 8,923 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in shares of CarMax by 8.7% in the third quarter. Handelsbanken Fonder AB now owns 32,996 shares of the company’s stock worth $2,334,000 after buying an additional 2,645 shares during the period.

CarMax Stock Performance

CarMax stock opened at $68.71 on Tuesday. The stock has a 50-day simple moving average of $77.62 and a 200 day simple moving average of $72.08. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 1.14 and a beta of 1.64. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. CarMax has a 12-month low of $59.66 and a 12-month high of $88.22.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. CarMax’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 EPS. On average, research analysts anticipate that CarMax will post 3.27 earnings per share for the current fiscal year.

About CarMax

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.