CarMax, Inc. (NYSE:KMX) Receives $47.73 Average Target Price from Analysts

Shares of CarMax, Inc. (NYSE:KMX) have earned an average recommendation of “Reduce” from the twenty analysts that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $47.7333.

KMX has been the topic of several analyst reports. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 price target on the stock in a report on Thursday, June 18th. Barclays boosted their target price on CarMax from $31.00 to $37.00 and gave the stock an “underweight” rating in a research note on Thursday, June 18th. Benchmark reaffirmed a “hold” rating on shares of CarMax in a report on Thursday, June 18th. Mizuho increased their price target on CarMax from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Finally, Argus upgraded CarMax to a “hold” rating in a report on Thursday, April 16th.

Insider Buying and Selling at CarMax

In other CarMax news, Director Peter J. Bensen bought 2,500 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was purchased at an average cost of $52.20 per share, with a total value of $130,500.00. Following the transaction, the director directly owned 24,796 shares in the company, valued at $1,294,351.20. This trade represents a 11.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sona Chawla bought 2,000 shares of the stock in a transaction dated Thursday, June 25th. The shares were acquired at an average price of $53.39 per share, for a total transaction of $106,780.00. Following the completion of the purchase, the director directly owned 21,702 shares in the company, valued at approximately $1,158,669.78. This trade represents a 10.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 13,900 shares of company stock worth $735,574 in the last quarter. 1.01% of the stock is currently owned by company insiders.

Institutional Trading of CarMax

Several hedge funds have recently added to or reduced their stakes in KMX. Basecamp Wealth Advisors LLC boosted its stake in CarMax by 105.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company’s stock valued at $26,000 after acquiring an additional 327 shares during the last quarter. Huntington National Bank increased its stake in shares of CarMax by 62.4% during the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of CarMax in the 2nd quarter worth approximately $28,000. Wellington Grp LLC raised its holdings in shares of CarMax by 6,500.0% in the 1st quarter. Wellington Grp LLC now owns 726 shares of the company’s stock worth $30,000 after purchasing an additional 715 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in CarMax in the second quarter valued at approximately $30,000.

CarMax Price Performance

Shares of NYSE:KMX opened at $58.93 on Thursday. The company has a current ratio of 2.70, a quick ratio of 0.82 and a debt-to-equity ratio of 2.87. The stock has a market cap of $8.36 billion, a PE ratio of 38.52, a price-to-earnings-growth ratio of 1.80 and a beta of 1.17. The stock’s fifty day simple moving average is $47.02 and its two-hundred day simple moving average is $44.31. CarMax has a 1-year low of $30.26 and a 1-year high of $63.76.

CarMax (NYSE:KMX) last posted its earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.35. The firm had revenue of $8.01 billion during the quarter, compared to analyst estimates of $7.42 billion. CarMax had a net margin of 0.84% and a return on equity of 6.64%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.38 EPS. As a group, analysts forecast that CarMax will post 2.7 EPS for the current fiscal year.

CarMax Company Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.