CarMax, Inc. (NYSE:KMX) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of CarMax, Inc. (NYSE:KMX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $83.67.

KMX has been the topic of several recent analyst reports. Wall Street Zen raised CarMax from a "sell" rating to a "hold" rating in a research report on Wednesday, May 7th. Wedbush reissued an "outperform" rating and set a $90.00 target price on shares of CarMax in a report on Wednesday, June 18th. Royal Bank Of Canada boosted their target price on CarMax from $80.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, June 23rd. Morgan Stanley assumed coverage on CarMax in a report on Tuesday, July 1st. They set an "overweight" rating and a $80.00 target price on the stock. Finally, Benchmark assumed coverage on CarMax in a report on Thursday, July 17th. They set a "buy" rating and a $75.00 target price on the stock.

Insider Buying and Selling at CarMax

In other news, EVP Jon G. Daniels sold 1,540 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $70.64, for a total value of $108,785.60. Following the completion of the sale, the executive vice president owned 2,779 shares of the company's stock, valued at approximately $196,308.56. This represents a 35.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On CarMax

Several large investors have recently added to or reduced their stakes in KMX. Mirae Asset Global Investments Co. Ltd. boosted its holdings in CarMax by 13.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,678 shares of the company's stock worth $1,571,000 after acquiring an additional 2,375 shares in the last quarter. Teacher Retirement System of Texas bought a new position in CarMax in the first quarter worth approximately $1,753,000. Sequoia Financial Advisors LLC lifted its holdings in shares of CarMax by 5.5% in the first quarter. Sequoia Financial Advisors LLC now owns 3,367 shares of the company's stock valued at $262,000 after purchasing an additional 176 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its position in shares of CarMax by 128.6% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 8,793 shares of the company's stock valued at $719,000 after buying an additional 4,947 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in CarMax by 3.5% during the first quarter. Asset Management One Co. Ltd. now owns 60,653 shares of the company's stock worth $4,726,000 after buying an additional 2,078 shares in the last quarter.

CarMax Trading Down 4.1%

KMX stock traded down $2.59 during midday trading on Thursday, reaching $60.24. The stock had a trading volume of 3,505,659 shares, compared to its average volume of 2,887,269. The business has a fifty day simple moving average of $65.62 and a two-hundred day simple moving average of $72.50. The company has a quick ratio of 0.80, a current ratio of 2.39 and a debt-to-equity ratio of 2.86. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.02 and a beta of 1.38. CarMax has a twelve month low of $60.21 and a twelve month high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last posted its earnings results on Friday, June 20th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.20. CarMax had a return on equity of 9.11% and a net margin of 2.09%. The company had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same period in the previous year, the company earned $0.97 EPS. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, research analysts expect that CarMax will post 3.23 EPS for the current fiscal year.

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.