Moffett Nathanson assumed coverage on shares of CarMax (NYSE:KMX) in a research report report published on Monday morning, Marketbeat reports. The brokerage issued a neutral rating on the stock.
A number of other research firms also recently weighed in on KMX. UBS downgraded CarMax from an outperform rating to a market perform rating in a report on Thursday, October 5th. Oppenheimer downgraded CarMax from an outperform rating to a market perform rating and set a $80.00 target price for the company. in a report on Thursday, October 5th. CIBC reaffirmed a market perform rating on shares of CarMax in a research note on Thursday, October 5th. Berenberg Bank began coverage on CarMax in a research note on Wednesday, October 4th. They issued a hold rating and a $83.00 price target for the company. Finally, Credit Suisse Group boosted their price target on CarMax from $75.00 to $83.00 and gave the company an outperform rating in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. CarMax currently has a consensus rating of Hold and a consensus target price of $77.00.
Shares of CarMax (NYSE:KMX) opened at $66.55 on Monday. CarMax has a twelve month low of $54.29 and a twelve month high of $77.64. The company has a current ratio of 2.33, a quick ratio of 0.48 and a debt-to-equity ratio of 3.82. The firm has a market capitalization of $12,347.39, a price-to-earnings ratio of 18.60, a PEG ratio of 1.14 and a beta of 1.48.
CarMax (NYSE:KMX) last posted its earnings results on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the firm earned $0.88 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. research analysts forecast that CarMax will post 3.84 EPS for the current fiscal year.
In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $68.72, for a total transaction of $549,760.00. Following the completion of the transaction, the director now owns 447,572 shares of the company’s stock, valued at $30,757,147.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William R. Tiefel sold 23,000 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $76.39, for a total value of $1,756,970.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 625,955 shares of company stock valued at $46,214,378. 1.70% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its stake in CarMax by 27.8% during the third quarter. Public Employees Retirement System of Ohio now owns 102,068 shares of the company’s stock worth $7,738,000 after acquiring an additional 22,198 shares in the last quarter. IFM Investors Pty Ltd bought a new stake in shares of CarMax during the third quarter worth about $448,000. Yellowstone Partners LLC bought a new stake in shares of CarMax during the third quarter worth about $425,000. California Public Employees Retirement System grew its holdings in shares of CarMax by 1.9% during the third quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock worth $33,008,000 after purchasing an additional 8,205 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of CarMax during the third quarter worth about $865,000.
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CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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