CarMax (NYSE:KMX) Upgraded to Overweight at Stephens

CarMax (NYSE:KMX) was upgraded by equities researchers at Stephens from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday,Finviz reports. The firm currently has a $90.00 price target on the stock, up from their prior price target of $86.00. Stephens’ target price points to a potential upside of 21.13% from the company’s current price.

Several other analysts have also recently commented on KMX. Truist Financial boosted their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Mizuho increased their price target on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Evercore ISI reduced their price objective on CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Needham & Company LLC boosted their price target 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. Finally, Royal Bank of Canada boosted their price objective on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $90.82.

CarMax Price Performance

KMX stock opened at $74.30 on Wednesday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The company’s fifty day moving average price is $80.67 and its 200-day moving average price is $79.37. CarMax has a one year low of $65.83 and a one year high of $91.25. The company has a market capitalization of $11.43 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

Insider Buying and Selling

In other news, SVP Jon G. Daniels sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the sale, the senior vice president now owns 995 shares in the company, valued at approximately $84,873.50. The trade was a 90.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. This trade represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,709 shares of company stock worth $8,495,379 in the last 90 days. 1.66% of the stock is owned by corporate insiders.

Institutional Trading of CarMax

Several large investors have recently bought and sold shares of KMX. True Wealth Design LLC lifted its stake 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 worth $34,000 after buying an additional 436 shares during the period. Cromwell Holdings LLC raised its stake in CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after acquiring an additional 217 shares during the last quarter. Allworth Financial LP raised its stake in CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after acquiring an additional 249 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in CarMax during the 4th quarter worth about $53,000. Finally, Larson Financial Group LLC grew its stake in CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after purchasing an additional 353 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.