CarMax (NYSE:KMX) Earns “Hold” Rating from Needham & Company LLC

CarMax (NYSE:KMX)‘s stock had its “hold” rating reaffirmed by research analysts at Needham & Company LLC in a research report issued to clients and investors on Friday, Marketbeat.com reports.

A number of other analysts have also issued reports on KMX. Mizuho lowered their target price on CarMax from $78.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, October 16th. Wedbush reissued a “neutral” rating and set a $54.00 price target on shares of CarMax in a report on Thursday, October 16th. Benchmark downgraded CarMax from a “buy” rating to a “hold” rating in a research report on Thursday. Oppenheimer reiterated a “market perform” rating on shares of CarMax in a research report on Friday, September 26th. Finally, Robert W. Baird dropped their target price on CarMax from $90.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, CarMax currently has an average rating of “Hold” and a consensus price target of $47.67.

CarMax Stock Performance

KMX stock traded up $0.13 on Friday, reaching $31.01. The company’s stock had a trading volume of 2,985,725 shares, compared to its average volume of 3,525,740. CarMax has a 52 week low of $30.26 and a 52 week high of $91.25. The company has a market capitalization of $4.55 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 0.81 and a beta of 1.26. The firm has a fifty day moving average of $49.75 and a two-hundred day moving average of $58.87. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.46 and a quick ratio of 1.06.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, September 25th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.39). The company had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $7.07 billion. CarMax had a net margin of 1.98% and a return on equity of 8.51%. CarMax’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 EPS. As a group, analysts predict that CarMax will post 3.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Zions Bancorporation National Association UT acquired a new stake in shares of CarMax during the 1st quarter worth approximately $27,000. CYBER HORNET ETFs LLC acquired a new position in CarMax in the second quarter valued at $28,000. MUFG Securities EMEA plc acquired a new position in CarMax in the second quarter valued at approximately $30,000. Center for Financial Planning Inc. acquired a new stake in CarMax in the third quarter worth $31,000. Finally, Accent Capital Management LLC acquired a new stake in CarMax in the first quarter valued at approximately $34,000.

CarMax Company Profile

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.