CarMax (NYSE:KMX) had its price objective decreased by stock analysts at Credit Suisse Group from $83.00 to $71.54 in a report issued on Friday, January 26th. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s price objective points to a potential upside of 9.24% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Wedbush reiterated an “outperform” rating and issued a $81.00 price objective on shares of CarMax in a research note on Wednesday, January 10th. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Wednesday, November 22nd. Oppenheimer reiterated a “hold” rating and issued a $80.00 price objective on shares of CarMax in a research note on Wednesday, December 6th. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, UBS Group upgraded CarMax from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 18th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $79.68.
Shares of CarMax (KMX) traded down $3.26 during trading on Friday, reaching $65.49. The company had a trading volume of 4,032,575 shares, compared to its average volume of 2,140,725. CarMax has a 12 month low of $54.29 and a 12 month high of $77.64. The stock has a market cap of $11,900.00, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.21 and a beta of 1.53. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83.
CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). CarMax had a net margin of 4.07% and a return on equity of 21.77%. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the business earned $0.72 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. equities research analysts anticipate that CarMax will post 3.84 EPS for the current year.
In other news, Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $70.75, for a total transaction of $566,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Darren C. Newberry sold 6,584 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total value of $478,064.24. The disclosure for this sale can be found here. Insiders have sold a total of 74,584 shares of company stock worth $5,226,064 in the last three months. Corporate insiders own 1.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of CarMax by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 9,319,193 shares of the company’s stock worth $706,487,000 after acquiring an additional 142,175 shares in the last quarter. Broad Run Investment Management LLC raised its position in shares of CarMax by 0.9% during the 2nd quarter. Broad Run Investment Management LLC now owns 3,377,241 shares of the company’s stock worth $212,969,000 after acquiring an additional 29,846 shares in the last quarter. DF Dent & Co. Inc. raised its position in shares of CarMax by 6.7% during the 2nd quarter. DF Dent & Co. Inc. now owns 1,566,014 shares of the company’s stock worth $98,753,000 after acquiring an additional 98,480 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of CarMax by 17.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,286,569 shares of the company’s stock worth $97,535,000 after acquiring an additional 187,488 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of CarMax by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,184,080 shares of the company’s stock worth $89,766,000 after acquiring an additional 3,892 shares in the last quarter.
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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