CarMax, Inc. (NYSE:KMX) Receives Consensus Rating of “Hold” from Brokerages

Shares of CarMax, Inc. (NYSE:KMX) have been given a consensus rating of “Hold” by the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $81.00.

A number of analysts recently weighed in on KMX shares. Stephens started coverage on CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price for the company. Truist Financial boosted their target price on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of CarMax in a research report on Wednesday, October 16th. BNP Paribas upgraded CarMax to a “strong sell” rating in a research report on Friday, September 27th. Finally, Wedbush restated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th.

Hedge Funds Weigh In On CarMax

Hedge funds have recently made changes to their positions in the business. Quarry LP increased its stake in shares of CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after buying an additional 184 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of CarMax during the third quarter valued at approximately $32,000. True Wealth Design LLC increased its stake in shares of CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares during the period. Blue Trust Inc. increased its stake in shares of CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after buying an additional 287 shares during the period. Finally, Studio Investment Management LLC increased its stake in shares of CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after buying an additional 334 shares during the period.

CarMax Stock Performance

Shares of KMX opened at $86.06 on Wednesday. The company has a market cap of $13.33 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 1.75 and a beta of 1.71. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The stock has a 50-day moving average price of $77.06 and a 200-day moving average price of $76.89. CarMax has a 12-month low of $65.38 and a 12-month high of $88.22.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS. As a group, equities analysts forecast that CarMax will post 2.99 earnings per share for the current fiscal year.

About CarMax

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.