CarMax (NYSE:KMX) Rating Reiterated by Wedbush

CarMax (NYSE:KMX)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a report released on Tuesday, Benzinga reports. They presently have a $90.00 price objective on the stock. Wedbush’s price target indicates a potential upside of 31.33% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada restated an “outperform” rating and set a $83.00 target price on shares of CarMax in a report on Monday, April 8th. Evercore ISI dropped their price target on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a research note on Friday, April 12th. Mizuho dropped their price target on shares of CarMax from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. JPMorgan Chase & Co. dropped their price target on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price target on shares of CarMax in a research note on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $77.42.

CarMax Stock Down 1.8 %

Shares of KMX opened at $68.53 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The firm has a market cap of $10.82 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61. The company’s fifty day moving average is $78.66 and its two-hundred day moving average is $72.07. CarMax has a fifty-two week low of $59.66 and a fifty-two week high of $88.22.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. Analysts forecast that CarMax will post 3.49 earnings per share for the current year.

Insider Transactions at CarMax

In other news, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the sale, the vice president now owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the transaction, the vice president now directly owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane L. Cafritz sold 2,730 shares of CarMax stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total transaction of $192,574.20. Following the completion of the transaction, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at $357,849.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,929 shares of company stock valued at $2,740,901. Insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP boosted its holdings in shares of CarMax by 153.3% in the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after buying an additional 207 shares during the period. CENTRAL TRUST Co boosted its holdings in shares of CarMax by 100.0% in the 3rd quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the period. Ronald Blue Trust Inc. boosted its holdings in shares of CarMax by 194.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock valued at $31,000 after buying an additional 289 shares during the period. VitalStone Financial LLC acquired a new position in shares of CarMax in the 1st quarter valued at about $33,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in CarMax by 1,081.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after purchasing an additional 400 shares during the period.

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.