CarMax (NYSE:KMX) Price Target Lowered to $68.00 at Evercore ISI

CarMax (NYSE:KMXFree Report) had its price objective decreased by Evercore ISI from $73.00 to $68.00 in a research note published on Thursday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Several other analysts have also recently issued reports on the stock. Wedbush reissued an outperform rating and set a $90.00 price objective on shares of CarMax in a research note on Tuesday, June 18th. Mizuho lowered their price objective on shares of CarMax from $75.00 to $72.00 and set a neutral rating for the company in a research note on Tuesday, June 18th. JPMorgan Chase & Co. reduced their target price on shares of CarMax from $60.00 to $55.00 and set an underweight rating on the stock in a report on Monday, April 15th. StockNews.com upgraded shares of CarMax to a sell rating in a report on Monday, April 22nd. Finally, Truist Financial cut their price objective on shares of CarMax from $72.00 to $66.00 and set a hold rating on the stock in a report on Tuesday, June 18th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat, CarMax has a consensus rating of Hold and an average target price of $76.17.

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CarMax Stock Up 0.4 %

KMX stock opened at $71.63 on Thursday. The stock has a market capitalization of $11.27 billion, a P/E ratio of 23.64, a PEG ratio of 1.40 and a beta of 1.69. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. CarMax has a one year low of $59.66 and a one year high of $88.22. The company has a 50 day moving average price of $70.25 and a two-hundred day moving average price of $73.88.

CarMax (NYSE:KMXGet Free Report) last released its earnings results on Friday, June 21st. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.06). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same period in the previous year, the firm posted $1.16 earnings per share. The firm’s revenue was down 7.5% on a year-over-year basis. As a group, sell-side analysts expect that CarMax will post 3.06 EPS for the current year.

Insider Activity at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the transaction, the executive vice president now owns 6,977 shares in the company, valued at $485,110.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.66% of the company’s stock.

Institutional Trading of CarMax

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after buying an additional 207 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in CarMax by 1,081.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after purchasing an additional 400 shares during the period. Mendota Financial Group LLC acquired a new position in CarMax in the 4th quarter worth approximately $37,000. MCF Advisors LLC acquired a new position in CarMax in the 4th quarter worth approximately $46,000. Finally, Lindbrook Capital LLC boosted its stake in CarMax by 32.8% in the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after purchasing an additional 155 shares during the period.

CarMax Company Profile

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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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