CarMax, Inc. (NYSE:KMX) Receives $56.58 Consensus Target Price from Analysts

CarMax, Inc. (NYSE:KMX) has been assigned an average rating of “Hold” from the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $54.4167.

A number of analysts recently weighed in on KMX shares. Royal Bank Of Canada lowered their price objective on shares of CarMax from $81.00 to $59.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Seaport Res Ptn lowered shares of CarMax from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 28th. BNP Paribas Exane lowered their price objective on shares of CarMax from $52.00 to $35.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. JPMorgan Chase & Co. lowered their price objective on shares of CarMax from $65.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, September 26th. Finally, Needham & Company LLC lowered their price objective on shares of CarMax from $92.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, September 26th.

Institutional Trading of CarMax

A number of institutional investors have recently modified their holdings of the company. Redmond Asset Management LLC boosted 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 in the last quarter. Maia Wealth LLC boosted 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 in the last quarter. Jones Financial Companies Lllp boosted 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CarMax by 0.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after buying an additional 173 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of CarMax by 5.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,367 shares of the company’s stock valued at $262,000 after buying an additional 176 shares in the last quarter.

CarMax Trading Down 2.3%

NYSE KMX opened at $43.09 on Tuesday. The company’s 50-day moving average price is $55.65 and its 200-day moving average price is $62.91. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 2.87. The stock has a market cap of $6.33 billion, a PE ratio of 12.64, a PEG ratio of 0.82 and a beta of 1.27. CarMax has a 12 month low of $42.75 and a 12 month high of $91.25.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, September 25th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.39). CarMax had a return on equity of 8.51% and a net margin of 1.98%.The company had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities research analysts forecast that CarMax will post 3.23 earnings per share for the current year.

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.