CarMax (NYSE:KMX) Price Target Raised to $43.00

CarMax (NYSE:KMX) had its price target increased by research analysts at Stephens from $39.00 to $43.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Stephens’ price target suggests a potential upside of 9.31% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Royal Bank Of Canada lifted their price objective on CarMax from $34.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, December 19th. Mizuho lowered their target price on CarMax from $46.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. Bank of America lifted their price target on CarMax from $27.00 to $31.00 and gave the company an “underperform” rating in a research report on Friday, December 19th. Barclays boosted their price target on CarMax from $24.00 to $28.00 and gave the company an “underweight” rating in a report on Wednesday, January 21st. Finally, Robert W. Baird upped their price objective on CarMax from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $39.71.

CarMax Trading Down 2.4%

Shares of CarMax stock opened at $39.34 on Thursday. The stock has a market cap of $5.58 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 1.06 and a beta of 1.30. The firm has a fifty day moving average price of $43.34 and a 200 day moving average price of $42.85. CarMax has a 1 year low of $30.26 and a 1 year high of $81.79. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51.

Hedge Funds Weigh In On CarMax

A number of large investors have recently bought and sold shares of the business. Jones Financial Companies Lllp grew its holdings in CarMax by 3.1% in the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after purchasing an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after buying an additional 173 shares during the period. Blue Trust Inc. lifted its position in shares of CarMax by 20.0% during the 4th quarter. Blue Trust Inc. now owns 1,424 shares of the company’s stock valued at $55,000 after buying an additional 237 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in shares of CarMax by 4.2% during the 3rd quarter. Resonant Capital Advisors LLC now owns 6,388 shares of the company’s stock valued at $287,000 after buying an additional 256 shares in the last quarter. Finally, Huntington National Bank grew its stake in CarMax by 62.4% in the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after acquiring an additional 265 shares during the period.

CarMax Company Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.