CarMax, Inc. (NYSE:KMX) Given Average Rating of “Hold” by Analysts

Shares of CarMax, Inc. (NYSE:KMX) have received a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $81.00.

A number of research firms have recently commented on KMX. BNP Paribas raised CarMax to a “strong sell” rating in a research note on Friday, September 27th. Evercore ISI boosted their price objective on CarMax from $81.00 to $83.00 and gave the company an “in-line” rating in a report on Tuesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Stephens initiated coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of CarMax from $65.00 to $70.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th.

CarMax Stock Down 3.3 %

NYSE KMX opened at $83.12 on Wednesday. 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 $65.83 and a 52 week high of $88.22. The firm has a market capitalization of $12.88 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 1.76 and a beta of 1.71. The company has a fifty day moving average of $78.30 and a two-hundred day moving average of $77.47.

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, analysts predict that CarMax will post 3.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP lifted its stake in shares of CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of CarMax during the third quarter valued at about $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 buying an additional 436 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of 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 in the last quarter. Finally, Studio Investment Management LLC grew its position in shares of CarMax by 176.7% in 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 during the last quarter.

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.