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

Shares of CarMax, Inc. (NYSE:KMX) have been given an average recommendation of “Hold” by the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $85.17.

A number of equities analysts have issued reports on KMX shares. Stephens began coverage on CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective for the company. Needham & Company LLC increased their price target on shares of CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Wedbush reissued an “outperform” rating and set a $95.00 price target on shares of CarMax in a research report on Wednesday, October 16th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Finally, Oppenheimer reiterated an “outperform” rating and set a $105.00 target price on shares of CarMax in a report on Friday, October 4th.

CarMax Price Performance

Shares of NYSE KMX opened at $80.07 on Friday. CarMax has a 1 year low of $65.83 and a 1 year high of $91.25. The stock has a market capitalization of $12.40 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.74 and a beta of 1.71. The company’s 50-day moving average is $80.97 and its 200 day moving average is $78.58. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that CarMax will post 3.01 earnings per share for the current year.

Insider Transactions at CarMax

In other news, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total value of $4,717,161.10. Following the completion of the sale, the executive vice president now directly owns 22,803 shares in the company, valued at $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mohammad Shamim sold 10,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total transaction of $837,700.00. Following the transaction, the executive vice president now owns 11,738 shares in the company, valued at approximately $983,292.26. This trade represents a 46.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 228,744 shares of company stock worth $18,990,227 over the last quarter. 1.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Foundations Investment Advisors LLC lifted its stake in shares of CarMax by 16.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 11,882 shares of the company’s stock worth $871,000 after purchasing an additional 1,702 shares during the period. National Bank of Canada FI raised its position in CarMax by 21.7% in the second quarter. National Bank of Canada FI now owns 45,383 shares of the company’s stock worth $3,232,000 after acquiring an additional 8,090 shares during the period. Savant Capital LLC grew its position in shares of CarMax by 311.9% during the 2nd quarter. Savant Capital LLC now owns 24,621 shares of the company’s stock valued at $1,806,000 after acquiring an additional 18,643 shares during the period. Lake Street Advisors Group LLC bought a new stake in shares of CarMax during the 2nd quarter valued at $316,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of CarMax by 8,450.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,368 shares of the company’s stock worth $100,000 after purchasing an additional 1,352 shares in the last quarter.

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.