CarMax, Inc. (NYSE:KMX) Given Average Recommendation of “Hold” by Brokerages

Shares of CarMax, Inc. (NYSE:KMX) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $77.42.

Several analysts have commented on KMX shares. Truist Financial lowered their target price on shares of CarMax from $75.00 to $72.00 and set a “hold” rating for the company in a research note on Friday, April 12th. StockNews.com upgraded CarMax to a “sell” rating in a research report on Monday, April 22nd. Needham & Company LLC decreased their price target on CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. Oppenheimer reissued an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research report on Tuesday, April 9th. Finally, Wedbush reaffirmed an “outperform” rating and set a $90.00 price target on shares of CarMax in a research report on Tuesday, April 16th.

Insider Activity at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now directly owns 6,977 shares in the company, valued at approximately $485,110.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.66% of the company’s stock.

Hedge Funds Weigh In On CarMax

A number of institutional investors and hedge funds have recently bought and sold shares of KMX. Allworth Financial LP lifted its position in shares of CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in CarMax by 1,081.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after buying an additional 400 shares during the last quarter. Mendota Financial Group LLC purchased a new position in CarMax in the 4th quarter valued at about $37,000. MCF Advisors LLC acquired a new stake in shares of CarMax during the fourth quarter valued at about $46,000. Finally, Lindbrook Capital LLC increased its position in shares of CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after acquiring an additional 155 shares during the last quarter.

CarMax Trading Down 0.3 %

CarMax stock opened at $69.35 on Tuesday. The stock has a 50-day moving average price of $77.93 and a 200 day moving average price of $72.14. CarMax has a 52 week low of $59.66 and a 52 week high of $88.22. The stock has a market cap of $10.91 billion, a PE ratio of 22.89, a P/E/G ratio of 1.16 and a beta of 1.61. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). The firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. CarMax’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 earnings per share. Equities research analysts predict that CarMax will post 3.27 earnings per share for the current fiscal year.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.