CarMax, Inc. (NYSE:KMX) Receives Average Recommendation of “Hold” from Analysts

CarMax, Inc. (NYSE:KMX) has earned an average rating of “Hold” from the fourteen research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $85.82.

A number of analysts have recently issued reports on the company. Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. Cfra Research raised CarMax to a “strong-buy” rating in a research note on Thursday, April 10th. Royal Bank of Canada reaffirmed an “underperform” rating on shares of CarMax in a research note on Monday, April 21st. JPMorgan Chase & Co. lowered their price target on CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research note on Thursday, March 27th. Finally, Robert W. Baird lowered their price objective on CarMax from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th.

CarMax Stock Up 1.8%

CarMax stock opened at $68.42 on Wednesday. The stock has a market capitalization of $10.45 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.67 and a beta of 1.38. CarMax has a 12 month low of $61.34 and a 12 month high of $91.25. The business has a 50 day simple moving average of $66.89 and a 200-day simple moving average of $76.44. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

Insider Activity

In other CarMax news, Director Mitchell D. Steenrod purchased 1,300 shares of the firm’s stock in a transaction dated Thursday, April 24th. The shares were acquired at an average price of $65.49 per share, with a total value of $85,137.00. Following the purchase, the director now directly owns 33,577 shares in the company, valued at approximately $2,198,957.73. This trade represents a 4.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On CarMax

Several large investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB lifted its stake 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 valued at $383,000 after purchasing an additional 141 shares during the last quarter. Timber Creek Capital Management LLC raised its holdings 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 buying an additional 145 shares during the period. Redmond Asset Management LLC raised its holdings in shares of CarMax by 0.3% in the 1st quarter. Redmond Asset Management LLC now owns 50,803 shares of the company’s stock valued at $3,959,000 after buying an additional 152 shares during the period. Maia Wealth LLC raised its holdings in shares of CarMax by 0.6% in the 1st quarter. Maia Wealth LLC now owns 26,099 shares of the company’s stock valued at $2,034,000 after buying an additional 157 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in shares of CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after buying an additional 161 shares during the period.

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.