CarMax, Inc. (NYSE:KMX) Receives $77.50 Consensus PT from Brokerages

Shares of CarMax, Inc. (NYSE:KMX) have been given a consensus recommendation of “Hold” by the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $79.73.

Several research analysts have commented on KMX shares. BNP Paribas raised CarMax to a “strong sell” rating in a research report on Friday, September 27th. Evercore ISI boosted their target price on shares of CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research report on Friday, September 27th. Royal Bank of Canada upped their target price on shares of CarMax from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Wedbush reaffirmed an “outperform” rating and set a $95.00 price target on shares of CarMax in a research note on Tuesday, September 17th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $80.00 price objective on shares of CarMax in a research report on Friday, June 21st.

Insider Activity at CarMax

In other CarMax news, CEO William D. Nash sold 120,000 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the completion of the sale, the chief executive officer now owns 181,683 shares in the company, valued at $14,465,600.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO William D. Nash sold 120,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the completion of the sale, the chief executive officer now owns 181,683 shares of the company’s stock, valued at approximately $14,465,600.46. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Charles Joseph Wilson sold 10,021 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total transaction of $801,880.42. Following the sale, the chief operating officer now owns 15,609 shares in the company, valued at approximately $1,249,032.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 184,012 shares of company stock valued at $14,803,843. Corporate insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KMX. Vulcan Value Partners LLC increased its position in CarMax by 299.7% in the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after buying an additional 1,369,986 shares during the period. Morningstar Investment Services LLC increased its holdings in shares of CarMax by 95.4% in the 4th quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock worth $211,516,000 after acquiring an additional 1,326,840 shares during the period. DAVENPORT & Co LLC increased its holdings in shares of CarMax by 1,327.3% in the 1st quarter. DAVENPORT & Co LLC now owns 1,023,247 shares of the company’s stock worth $89,070,000 after acquiring an additional 951,558 shares during the period. Epoch Investment Partners Inc. lifted its position in CarMax by 3,094.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock valued at $51,949,000 after purchasing an additional 577,685 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in CarMax by 87.6% during the 2nd quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock valued at $85,118,000 after purchasing an additional 541,967 shares during the period.

CarMax Stock Up 1.0 %

Shares of NYSE KMX opened at $78.17 on Friday. The stock has a market capitalization of $12.20 billion, a PE ratio of 30.54, a P/E/G ratio of 1.56 and a beta of 1.69. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. The firm has a fifty day moving average of $79.60 and a 200-day moving average of $76.24. CarMax has a 52-week low of $59.66 and a 52-week high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.64% and a net margin of 1.55%. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. On average, analysts anticipate that CarMax will post 2.99 EPS 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.