Brokerages Set CarMax Inc. (KMX) Price Target at $63.10
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.
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.
Receive News & Ratings for CarMax Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax Inc. and related companies with MarketBeat.com's FREE daily email newsletter.