CarMax, Inc. (NYSE:KMX) Given Average Rating of “Hold” by Analysts

CarMax, Inc. (NYSE:KMX) has earned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $79.45.

A number of equities research analysts recently issued reports on the company. StockNews.com upgraded CarMax to a “sell” rating in a research report on Friday, July 26th. Royal Bank of Canada raised their price target on CarMax from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Mizuho cut their price objective on CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, June 18th. Truist Financial upped their price objective on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research note on Tuesday, September 17th.

CarMax Trading Down 1.6 %

Shares of CarMax stock opened at $74.19 on Friday. The company’s 50-day moving average price is $79.51 and its 200-day moving average price is $76.23. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. CarMax has a 12-month low of $59.66 and a 12-month high of $88.22. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 1.56 and a beta of 1.69.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.64% and a net margin of 1.55%. The firm had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts expect that CarMax will post 2.99 earnings per share for the current fiscal year.

Insider Buying and Selling at CarMax

In other news, CEO William D. Nash sold 120,000 shares of CarMax stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $79.62, for a total value of $9,554,400.00. Following the transaction, the chief executive officer now owns 181,683 shares in the company, valued at $14,465,600.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP John M. Stuckey III sold 19,673 shares of CarMax stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $82.01, for a total transaction of $1,613,382.73. Following the sale, the senior vice president now owns 969 shares of the company’s stock, valued at approximately $79,467.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Nash sold 120,000 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the completion of the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at $14,465,600.46. The disclosure for this sale can be found here. Insiders sold a total of 184,012 shares of company stock worth $14,803,843 over the last three months. Company insiders own 1.66% of the company’s stock.

Institutional Trading of CarMax

Several large investors have recently bought and sold shares of KMX. Vanguard Group Inc. lifted its stake in shares of CarMax by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 18,076,909 shares of the company’s stock valued at $1,387,222,000 after purchasing an additional 222,132 shares during the period. Morningstar Investment Services LLC raised its holdings in CarMax by 95.4% in the fourth quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock worth $211,516,000 after purchasing an additional 1,326,840 shares in the last quarter. First Pacific Advisors LP raised its holdings in CarMax by 2.0% in the second quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company’s stock worth $175,005,000 after purchasing an additional 47,184 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in CarMax by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock valued at $147,230,000 after buying an additional 51,397 shares during the period. Finally, Vulcan Value Partners LLC boosted its holdings in shares of CarMax by 299.7% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after buying an additional 1,369,986 shares in the last quarter.

About CarMax

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.