CarMax, Inc. (NYSE:KMX) Receives $39.93 Average Target Price from Analysts

Shares of CarMax, Inc. (NYSE:KMX) have been assigned an average rating of “Reduce” from the nineteen analysts that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $40.0667.

A number of research analysts have commented on KMX shares. Wall Street Zen upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Stephens decreased their target price on CarMax from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Friday, December 19th. Truist Financial raised their target price on CarMax from $35.00 to $37.00 and gave the company a “hold” rating in a report on Thursday, December 18th. Morgan Stanley set a $35.00 target price on CarMax in a research report on Monday, December 8th. Finally, Zacks Research raised shares of CarMax from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th.

Institutional Trading of CarMax

A number of large investors have recently modified their holdings of KMX. Jones Financial Companies Lllp boosted its holdings in CarMax by 3.1% in the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after purchasing an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in CarMax by 0.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after purchasing an additional 173 shares in the last quarter. WCM Investment Management LLC raised its position in CarMax by 0.5% in the 2nd quarter. WCM Investment Management LLC now owns 38,991 shares of the company’s stock valued at $2,597,000 after purchasing an additional 197 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of CarMax by 1.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,924 shares of the company’s stock valued at $734,000 after buying an additional 198 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in shares of CarMax by 0.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 31,245 shares of the company’s stock worth $2,081,000 after buying an additional 206 shares in the last quarter.

CarMax Trading Down 0.1%

Shares of CarMax stock opened at $45.77 on Monday. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74. CarMax has a twelve month low of $30.26 and a twelve month high of $89.47. The firm has a market capitalization of $6.49 billion, a PE ratio of 15.11, a P/E/G ratio of 1.10 and a beta of 1.35. The firm’s 50-day moving average price is $43.09 and its 200 day moving average price is $46.92.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 18th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.11. The firm had revenue of $5.79 billion for the quarter, compared to the consensus estimate of $5.66 billion. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.81 earnings per share. On average, sell-side analysts predict that CarMax will post 3.23 EPS for the current fiscal year.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.