Shares of CarMax, Inc. (NYSE:KMX - Get Free Report) have earned an average recommendation of "Hold" from the thirteen brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $76.25.
Several equities research analysts have issued reports on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $80.00 price target on shares of CarMax in a research note on Friday, June 21st. Royal Bank of Canada lifted their price target on shares of CarMax from $73.00 to $75.00 and gave the company an "outperform" rating in a research note on Monday, June 24th. JPMorgan Chase & Co. lowered their price target on shares of CarMax from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, April 15th. StockNews.com upgraded shares of CarMax to a "sell" rating in a research note on Friday, July 26th. Finally, Argus upgraded shares of CarMax to a "hold" rating in a research note on Tuesday, June 25th.
Read Our Latest Research Report on KMX
Insider Buying and Selling
In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of the business's stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total value of $89,198.26. Following the completion of the sale, the senior vice president now owns 995 shares of the company's stock, valued at approximately $72,097.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CarMax news, CEO William D. Nash sold 120,000 shares of the business's stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $79.62, for a total value of $9,554,400.00. Following the completion of the sale, the chief executive officer now owns 181,683 shares of the company's stock, valued at approximately $14,465,600.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jon G. Daniels sold 1,231 shares of the company's stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the sale, the senior vice president now directly owns 995 shares of the company's stock, valued at approximately $72,097.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,243 shares of company stock valued at $14,893,042. Company insiders own 1.66% of the company's stock.
Institutional Trading of CarMax
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of CarMax by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 18,076,909 shares of the company's stock worth $1,387,222,000 after acquiring an additional 222,132 shares during the period. Norges Bank bought a new stake in shares of CarMax during the 4th quarter worth approximately $288,278,000. Morningstar Investment Services LLC lifted its holdings in shares of CarMax by 95.4% during the 4th quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company's stock worth $211,516,000 after acquiring an additional 1,326,840 shares during the period. First Pacific Advisors LP lifted its holdings in shares of CarMax by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company's stock worth $175,005,000 after acquiring an additional 47,184 shares during the period. Finally, Cooke & Bieler LP lifted its holdings in shares of CarMax by 3.1% during the 4th quarter. Cooke & Bieler LP now owns 2,344,650 shares of the company's stock worth $179,928,000 after acquiring an additional 69,409 shares during the period.
CarMax Stock Up 2.8 %
Shares of NYSE:KMX traded up $2.10 during midday trading on Thursday, reaching $75.83. 1,121,772 shares of the company were exchanged, compared to its average volume of 1,987,567. CarMax has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. The stock has a fifty day simple moving average of $75.19 and a two-hundred day simple moving average of $74.98. The firm has a market cap of $11.84 billion, a PE ratio of 28.81, a P/E/G ratio of 1.66 and a beta of 1.69.
CarMax (NYSE:KMX - Get Free Report) last issued its quarterly earnings data on Friday, June 21st. The company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.03. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The business had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the business posted $1.16 earnings per share. The firm's quarterly revenue was down 7.5% on a year-over-year basis. As a group, sell-side analysts forecast that CarMax will post 2.99 earnings per share for the current year.
CarMax Company Profile
(Get Free Report
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.
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