CarMax (NYSE:KMX) Price Target Raised to $72.00 at JPMorgan Chase & Co.

CarMax (NYSE:KMX) had its price objective upped by JPMorgan Chase & Co. from $70.00 to $72.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

A number of other analysts have also recently commented on the stock. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research note on Friday, October 4th. Mizuho upped their price objective on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday. Truist Financial lifted their price objective on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday. Evercore ISI upped their target price on CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Stephens initiated coverage on CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target for the company. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, CarMax has an average rating of “Hold” and a consensus target price of $85.17.

CarMax Stock Up 0.0 %

CarMax stock opened at $84.27 on Friday. CarMax has a twelve month low of $65.83 and a twelve month high of $91.25. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The company has a 50 day moving average of $78.77 and a 200-day moving average of $77.55. The stock has a market capitalization of $13.06 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71.

CarMax (NYSE:KMX) last released its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. CarMax’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. On average, equities research analysts anticipate that CarMax will post 3.01 EPS for the current fiscal year.

Institutional Trading of CarMax

Large investors have recently modified their holdings of the stock. Quarry LP grew its holdings in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of CarMax during the third quarter valued at approximately $32,000. True Wealth Design LLC lifted its position in shares of CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares in the last quarter. Blue Trust Inc. increased its stake in CarMax by 134.1% in the 2nd 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 last quarter. Finally, Studio Investment Management LLC lifted its position in shares of CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after buying an additional 334 shares in the last quarter.

About CarMax

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.