CarMax Inc. (NYSE:KMX) has been assigned a $63.00 price objective by research analysts at Goldman Sachs Group Inc. in a note issued to investors on Monday. The brokerage currently has a a “buy” rating on the stock. Goldman Sachs Group Inc.’s target price would suggest a potential upside of 11.50% from the stock’s current price.

Several other research analysts also recently commented on the stock. Buckingham Research downgraded shares of CarMax from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $59.00 to $63.00 in a research note on Friday, September 9th. They noted that the move was a valuation call. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $60.00 price objective on shares of CarMax in a research report on Tuesday, June 7th. Vetr downgraded shares of CarMax from a “buy” rating to a “hold” rating and set a $57.52 price objective on the stock. in a research report on Monday, September 12th. Wedbush reissued a “hold” rating and set a $44.00 price objective on shares of CarMax in a research report on Thursday, June 16th. Finally, Susquehanna began coverage on shares of CarMax in a research report on Thursday, August 25th. They set a “positive” rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $62.47.

Shares of CarMax (NYSE:KMX) traded up 0.53% during mid-day trading on Monday, hitting $56.80. 3,514,828 shares of the stock traded hands. The company has a market capitalization of $10.88 billion, a PE ratio of 18.56 and a beta of 1.46. CarMax has a 1-year low of $41.25 and a 1-year high of $62.96. The company’s 50-day moving average price is $58.61 and its 200 day moving average price is $53.28.

In other CarMax news, EVP Eric M. Margolin sold 12,639 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $60.21, for a total transaction of $760,994.19. Following the transaction, the executive vice president now owns 38,303 shares in the company, valued at approximately $2,306,223.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric M. Margolin sold 2,000 shares of the company’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $50.75, for a total transaction of $101,500.00. Following the transaction, the executive vice president now owns 34,303 shares in the company, valued at approximately $1,740,877.25. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Primecap Management Co. CA boosted its position in CarMax by 40.2% in the first quarter. Primecap Management Co. CA now owns 19,079,632 shares of the company’s stock valued at $974,969,000 after buying an additional 5,466,105 shares in the last quarter. Vanguard Group Inc. boosted its position in CarMax by 0.5% in the second quarter. Vanguard Group Inc. now owns 17,018,910 shares of the company’s stock valued at $834,437,000 after buying an additional 78,432 shares in the last quarter. Davis Selected Advisers boosted its position in CarMax by 1.5% in the second quarter. Davis Selected Advisers now owns 11,277,585 shares of the company’s stock valued at $552,940,000 after buying an additional 161,600 shares in the last quarter. Harris Associates L P boosted its position in CarMax by 48.8% in the second quarter. Harris Associates L P now owns 8,828,352 shares of the company’s stock valued at $432,854,000 after buying an additional 2,894,787 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in CarMax by 9.7% in the second quarter. Principal Financial Group Inc. now owns 7,974,758 shares of the company’s stock valued at $391,002,000 after buying an additional 706,752 shares in the last quarter.

About CarMax

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.

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