Shares of CarMax Inc. (NYSE:KMX) have been given an average rating of “Hold” by the seventeen brokerages that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $63.10.

KMX has been the topic of a number of research reports. Wedbush restated a “neutral” rating and set a $55.00 price target on shares of CarMax in a research note on Friday, October 21st. Susquehanna started coverage on CarMax in a research note on Thursday, August 25th. They issued a “positive” rating and a $70.00 price objective on the stock. Deutsche Bank AG upgraded CarMax from a “hold” rating to a “buy” rating and increased their price objective for the company from $66.00 to $68.00 in a research note on Monday, October 24th. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Tuesday, September 13th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of CarMax in a research note on Sunday, October 16th.

In other CarMax news, Director Jeffrey E. Garten sold 6,300 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $53.41, for a total transaction of $336,483.00. Following the transaction, the director now owns 21,552 shares of the company’s stock, valued at $1,151,092.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

Several institutional investors have recently modified their holdings of KMX. Conning Inc. raised its position in CarMax by 0.6% in the third quarter. Conning Inc. now owns 4,829 shares of the company’s stock worth $258,000 after buying an additional 30 shares in the last quarter. World Asset Management Inc raised its position in CarMax by 0.3% in the second quarter. World Asset Management Inc now owns 19,322 shares of the company’s stock worth $947,000 after buying an additional 59 shares in the last quarter. Capital One National Association raised its position in CarMax by 0.7% in the third quarter. Capital One National Association now owns 12,596 shares of the company’s stock worth $672,000 after buying an additional 86 shares in the last quarter. Eqis Capital Management Inc. raised its position in CarMax by 1.2% in the third quarter. Eqis Capital Management Inc. now owns 7,475 shares of the company’s stock worth $399,000 after buying an additional 92 shares in the last quarter. Finally, Gagnon Securities LLC raised its position in CarMax by 0.4% in the second quarter. Gagnon Securities LLC now owns 24,875 shares of the company’s stock worth $1,220,000 after buying an additional 98 shares in the last quarter.

Shares of CarMax (NYSE:KMX) opened at 57.79 on Monday. The firm’s 50-day moving average price is $52.76 and its 200-day moving average price is $54.01. CarMax has a 12 month low of $41.25 and a 12 month high of $60.81. The firm has a market cap of $11.00 billion, a PE ratio of 18.79 and a beta of 1.24.

CarMax (NYSE:KMX) last released its quarterly earnings results on Wednesday, September 21st. The company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. CarMax had a return on equity of 20.92% and a net margin of 3.95%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the prior year, the firm earned $0.79 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that CarMax will post $3.27 earnings per share for the current year.

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CarMax Company Profile

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

5 Day Chart for NYSE:KMX

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