CarMax, Inc. (NYSE:KMX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of CarMax, Inc. (NYSE:KMX) have been assigned an average recommendation of “Hold” from the thirteen research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $90.18.

KMX has been the subject of a number of research reports. Evercore ISI lowered their target price on CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Mizuho raised their price objective on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. reduced their target price on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $86.00 to $90.00 in a report on Wednesday. Finally, StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th.

CarMax Trading Up 2.7 %

KMX stock opened at $77.12 on Friday. The business has a fifty day moving average price of $80.51 and a 200 day moving average price of $79.32. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 1.67 and a beta of 1.76.

Insider Activity

In related news, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total value of $4,717,161.10. Following the sale, the executive vice president now owns 22,803 shares of the company’s stock, valued at approximately $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares of the company’s stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,709 shares of company stock worth $7,642,379 over the last ninety days. Insiders own 1.66% of the company’s stock.

Hedge Funds Weigh In On CarMax

A number of institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC grew its position in shares of CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after acquiring an additional 436 shares during the period. Cromwell Holdings LLC lifted its stake in CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares during the last quarter. Allworth Financial LP grew its holdings in CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after purchasing an additional 249 shares during the period. Ameriflex Group Inc. acquired a new position in CarMax during the fourth quarter worth approximately $53,000. Finally, Larson Financial Group LLC raised its stake in CarMax by 91.9% in the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after buying an additional 353 shares during the period.

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.