CarMax, Inc (NYSE:KMX)’s share price was down 5.7% during mid-day trading on Monday . The stock traded as low as $64.81 and last traded at $64.82. Approximately 6,205,920 shares changed hands during mid-day trading, an increase of 172% from the average daily volume of 2,283,968 shares. The stock had previously closed at $68.75.

Several equities analysts have recently issued reports on KMX shares. Credit Suisse Group raised shares of CarMax to a “buy” rating and set a $83.00 price objective on the stock in a research note on Monday, December 25th. Deutsche Bank cut shares of CarMax from a “buy” rating to a “hold” rating and set a $76.00 price objective on the stock. in a research note on Friday, November 17th. Northcoast Research raised shares of CarMax from a “neutral” rating to a “buy” rating in a research note on Thursday, December 14th. Berenberg Bank raised shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Monday, January 8th. Finally, Zacks Investment Research cut shares of CarMax from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. CarMax currently has an average rating of “Buy” and an average target price of $79.68.

The company has a market cap of $11,900.00, a price-to-earnings ratio of 17.38, a P/E/G ratio of 1.21 and a beta of 1.53. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). CarMax had a return on equity of 21.77% and a net margin of 4.07%. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. sell-side analysts predict that CarMax, Inc will post 3.84 earnings per share for the current fiscal year.

In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $64.04, for a total value of $512,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Darren C. Newberry sold 6,584 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total transaction of $478,064.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,584 shares of company stock valued at $5,226,064. Corporate insiders own 1.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in shares of CarMax by 1.5% during the third quarter. Principal Financial Group Inc. now owns 9,319,193 shares of the company’s stock worth $706,487,000 after purchasing an additional 142,175 shares during the period. DF Dent & Co. Inc. boosted its holdings in shares of CarMax by 6.7% during the second quarter. DF Dent & Co. Inc. now owns 1,566,014 shares of the company’s stock worth $98,753,000 after purchasing an additional 98,480 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of CarMax by 17.1% during the third quarter. Russell Investments Group Ltd. now owns 1,286,569 shares of the company’s stock worth $97,535,000 after purchasing an additional 187,488 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of CarMax by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,184,080 shares of the company’s stock worth $89,766,000 after purchasing an additional 3,892 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of CarMax by 15.1% during the third quarter. Wells Fargo & Company MN now owns 973,213 shares of the company’s stock worth $73,778,000 after purchasing an additional 127,929 shares during the period.

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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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