CarMax, Inc. (NYSE:KMX) Receives $87.50 Consensus Price Target from Brokerages

Shares of CarMax, Inc. (NYSE:KMX) have earned an average rating of “Hold” from the thirteen analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $90.91.

KMX has been the topic of several research reports. Mizuho boosted their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. boosted their price objective on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Needham & Company LLC increased their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Evercore ISI upgraded shares of CarMax from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $90.00 to $110.00 in a research note on Thursday, February 6th. Finally, Stephens assumed coverage on shares of CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target on the stock.

Insiders Place Their Bets

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now owns 227 shares of the company’s stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William D. Nash sold 120,513 shares of CarMax stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the sale, the chief executive officer now owns 181,683 shares of the company’s stock, valued at approximately $15,123,292.92. This trade represents a 39.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 264,467 shares of company stock worth $21,915,445 in the last three months. 1.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lakewood Asset Management LLC increased its position in shares of CarMax by 0.6% during the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock valued at $1,778,000 after purchasing an additional 135 shares during the last quarter. Arete Wealth Advisors LLC raised its stake in shares of CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after acquiring an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of CarMax by 3.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock worth $383,000 after acquiring an additional 141 shares during the last quarter. Timber Creek Capital Management LLC boosted its stake in shares of CarMax by 0.3% in the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock valued at $4,709,000 after purchasing an additional 145 shares in the last quarter. Finally, Chemistry Wealth Management LLC grew its holdings in shares of CarMax by 1.4% during the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock valued at $999,000 after purchasing an additional 164 shares during the last quarter.

CarMax Stock Performance

NYSE KMX opened at $82.95 on Monday. The company has a market capitalization of $12.76 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 1.67 and a beta of 1.72. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax has a 52-week low of $65.83 and a 52-week high of $91.25. The company has a 50-day simple moving average of $83.27 and a 200 day simple moving average of $80.39.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same quarter last year, the business posted $0.52 EPS. CarMax’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, research analysts predict that CarMax will post 3.23 EPS for the current year.

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.