CarMax Inc (KMX) Price Target Lowered to $76.00 at Deutsche Bank AG
A number of other research firms have also commented on KMX. Oppenheimer Holdings, Inc. lowered shares of CarMax from an outperform rating to a market perform rating and set a $80.00 price objective on the stock. in a research note on Thursday, October 5th. CIBC lifted their price objective on shares of CarMax from $72.00 to $80.00 and gave the company an outperform rating in a research note on Tuesday, September 19th. Zacks Investment Research upgraded shares of CarMax from a hold rating to a buy rating and set a $77.00 price objective on the stock in a research note on Friday, September 8th. Royal Bank Of Canada lifted their target price on shares of CarMax from $77.00 to $83.00 and gave the company an outperform rating in a report on Monday, September 25th. Finally, Buckingham Research lifted their target price on shares of CarMax from $66.00 to $75.00 and gave the company a neutral rating in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $77.00.
CarMax (KMX) opened at $68.05 on Friday. The company has a quick ratio of 0.48, a current ratio of 2.33 and a debt-to-equity ratio of 3.82. The company has a market cap of $12,407.56, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 1.15 and a beta of 1.52. CarMax has a one year low of $54.29 and a one year high of $77.64.
CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, September 22nd. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. CarMax’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 earnings per share. equities research analysts anticipate that CarMax will post 3.84 EPS for the current year.
In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $70.75, for a total transaction of $566,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Folliard sold 16,000 shares of CarMax stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $68.39, for a total transaction of $1,094,240.00. Following the transaction, the director now owns 495,572 shares of the company’s stock, valued at approximately $33,892,169.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 617,955 shares of company stock valued at $45,664,618. 1.70% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in KMX. Korea Investment CORP raised its position in shares of CarMax by 140.5% in the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after buying an additional 1,033 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of CarMax in the second quarter valued at approximately $112,000. Seven Eight Capital LP acquired a new position in shares of CarMax in the second quarter valued at approximately $133,000. Tredje AP fonden acquired a new position in shares of CarMax in the third quarter valued at approximately $144,000. Finally, QS Investors LLC raised its position in shares of CarMax by 1.0% in the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after buying an additional 22 shares during the last quarter.
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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