CarMax (NYSE:KMX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CarMax (NYSE:KMX) from a hold rating to a buy rating in a research report released on Saturday,Wall Street Zen reports.

A number of other research firms have also recently weighed in on KMX. Robert W. Baird increased their price objective on CarMax from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 30th. Royal Bank Of Canada lifted their price objective on shares of CarMax from $45.00 to $56.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 30th. Morgan Stanley lifted their price objective on shares of CarMax from $47.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 30th. Bank of America boosted their price objective on shares of CarMax from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Wednesday, September 30th. Finally, BNP Paribas Exane restated a “strong sell” rating and set a $48.00 price objective (up from $33.00) on shares of CarMax in a research report on Wednesday, September 30th. Two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $56.46.

CarMax Price Performance

KMX stock opened at $50.63 on Friday. The company has a market capitalization of $7.19 billion, a P/E ratio of 24.70, a PEG ratio of 1.52 and a beta of 1.23. CarMax has a twelve month low of $30.26 and a twelve month high of $65.28. The business has a 50 day simple moving average of $58.80 and a 200-day simple moving average of $50.97. The company has a current ratio of 2.33, a quick ratio of 0.57 and a debt-to-equity ratio of 2.66.

CarMax (NYSE:KMX) last announced its earnings results on Tuesday, September 29th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.43. The business had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.09 billion. CarMax had a net margin of 1.06% and a return on equity of 7.76%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. As a group, equities analysts anticipate that CarMax will post 3.01 EPS for the current year.

Institutional Investors Weigh In On CarMax

A number of large investors have recently added to or reduced their stakes in KMX. Global Retirement Partners LLC acquired a new stake in CarMax during the 2nd quarter valued at $29,000. Basecamp Wealth Advisors LLC increased its stake in CarMax by 105.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company’s stock worth $26,000 after buying an additional 327 shares during the period. Anchor Investment Management LLC purchased a new stake in CarMax during the 2nd quarter worth $37,000. Wellington Grp LLC lifted its holdings in CarMax by 6,500.0% in the 1st quarter. Wellington Grp LLC now owns 726 shares of the company’s stock worth $30,000 after buying an additional 715 shares in the last quarter. Finally, Aberdeen Wealth Management LLC acquired a new position in CarMax in the 2nd quarter worth $39,000.

CarMax Company Profile

CarMax, Inc is a retailer of used vehicles operating in the United States. The company sells a broad selection of used cars, trucks and SUVs through its dealership network and online platform, offering customers the ability to research, purchase and arrange delivery for vehicles through an omnichannel shopping experience.

In addition to retail vehicle sales, CarMax provides vehicle financing through CarMax Auto Finance and offers customers access to extended protection products and related services.