Brokerages Set CarMax, Inc. (NYSE:KMX) PT at $90.45

CarMax, Inc. (NYSE:KMX) has earned a consensus rating of “Hold” from the thirteen research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $90.45.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Evercore ISI reduced their price target on CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Mizuho raised their price objective on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Royal Bank of Canada upped their target price on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Finally, Truist Financial increased their target price on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th.

CarMax Stock Performance

KMX opened at $74.30 on Friday. The firm has a fifty day moving average price of $80.67 and a 200 day moving average price of $79.37. CarMax has a 1 year low of $65.83 and a 1 year high of $91.25. The stock has a market cap of $11.43 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.67 and a beta of 1.76. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

Insider Activity at CarMax

In related news, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the sale, the vice president now owns 9,448 shares of the company’s stock, valued at approximately $765,288. This represents a 57.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James Lyski sold 57,986 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the completion of the transaction, the executive vice president now directly owns 22,803 shares in the company, valued at $1,855,024.05. This trade represents a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,709 shares of company stock valued at $8,495,379. 1.66% of the stock is owned by insiders.

Hedge Funds Weigh In On CarMax

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KMX. Principal Financial Group Inc. raised its holdings in shares of CarMax by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after acquiring an additional 282,519 shares during the period. Kovitz Investment Group Partners LLC increased its position in CarMax by 348.0% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company’s stock worth $539,213,000 after purchasing an additional 5,122,850 shares during the last quarter. State Street Corp raised its stake in CarMax by 0.6% during the third quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after purchasing an additional 36,959 shares during the period. Norges Bank acquired a new position in CarMax in the 4th quarter valued at about $423,187,000. Finally, Janus Henderson Group PLC grew its stake in shares of CarMax by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 4,671,950 shares of the company’s stock valued at $381,978,000 after buying an additional 29,715 shares during the period.

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.