CarMax, Inc. (NYSE:KMX) Receives $79.73 Consensus PT from Analysts

Shares of CarMax, Inc. (NYSE:KMX) have been assigned an average recommendation of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $79.73.

A number of brokerages have recently issued reports on KMX. Wedbush reiterated an “outperform” rating and set a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Evercore ISI upped their price objective on shares of CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, October 17th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Finally, BNP Paribas raised shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th.

CarMax Price Performance

Shares of NYSE:KMX opened at $77.10 on Friday. The company has a 50-day simple moving average of $75.11 and a 200-day simple moving average of $75.56. CarMax has a one year low of $62.90 and a one year high of $88.22. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 1.59 and a beta of 1.68.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the previous year, the company posted $0.75 earnings per share. CarMax’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts predict that CarMax will post 2.99 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co lifted its position in shares of CarMax by 29.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock worth $14,573,000 after buying an additional 37,660 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of CarMax by 10.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company’s stock worth $16,238,000 after purchasing an additional 17,557 shares during the last quarter. Swedbank AB acquired a new position in shares of CarMax in the 1st quarter worth approximately $1,406,000. CWM LLC increased its position in shares of CarMax by 69.6% in the second quarter. CWM LLC now owns 17,776 shares of the company’s stock worth $1,304,000 after acquiring an additional 7,294 shares in the last quarter. Finally, AMF Tjanstepension AB purchased a new position in shares of CarMax in the second quarter worth approximately $7,736,000.

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.