CarMax (NYSE:KMX) PT Raised to $79.00

CarMax (NYSE:KMX) had its target price boosted by Evercore ISI from $76.00 to $79.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an in-line rating on the stock.

Other research analysts have also recently issued research reports about the company. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. Truist Financial lifted their target price on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Morgan Stanley restated an “overweight” rating and issued a $80.00 price target on shares of CarMax in a report on Friday, June 21st. Argus upgraded shares of CarMax to a “hold” rating in a report on Tuesday, June 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of CarMax in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $79.73.

CarMax Stock Down 0.6 %

Shares of KMX opened at $74.70 on Thursday. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. CarMax has a 52-week low of $59.66 and a 52-week high of $88.22. The company has a market cap of $11.66 billion, a PE ratio of 29.18, a P/E/G ratio of 1.46 and a beta of 1.68. The business has a fifty day moving average of $78.02 and a 200 day moving average of $75.25.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. CarMax’s revenue for the quarter was down .9% on a year-over-year basis. On average, sell-side analysts expect that CarMax will post 2.97 EPS for the current year.

Insider Buying and Selling

In related news, EVP Mohammad Shamim sold 25,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $82.26, for a total value of $2,056,500.00. Following the transaction, the executive vice president now owns 11,738 shares in the company, valued at approximately $965,567.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Charles Joseph Wilson sold 10,021 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total transaction of $801,880.42. Following the completion of the transaction, the chief operating officer now directly owns 15,609 shares in the company, valued at $1,249,032.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mohammad Shamim sold 25,000 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $82.26, for a total value of $2,056,500.00. Following the sale, the executive vice president now directly owns 11,738 shares in the company, valued at $965,567.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.66% of the company’s stock.

Institutional Trading of CarMax

Hedge funds have recently modified their holdings of the stock. First Community Trust NA acquired a new position in CarMax in the second quarter valued at approximately $29,000. Quarry LP boosted its holdings in CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares in the last quarter. Blue Trust Inc. grew its position in CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after buying an additional 287 shares during the period. Studio Investment Management LLC increased its holdings in CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after buying an additional 334 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of CarMax in the first quarter worth about $55,000.

CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.