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

CarMax, Inc. (NYSE:KMX - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fourteen analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $81.50.

A number of brokerages recently weighed in on KMX. Stephens reiterated an "overweight" rating and set a $81.00 price target on shares of CarMax in a research note on Tuesday. JPMorgan Chase & Co. raised shares of CarMax from an "underweight" rating to a "neutral" rating and cut their target price for the company from $65.00 to $58.00 in a research note on Wednesday, August 6th. Truist Financial raised their price objective on CarMax from $72.00 to $74.00 and gave the company a "hold" rating in a research report on Monday, June 23rd. Mizuho lowered their target price on CarMax from $80.00 to $78.00 and set a "neutral" rating for the company in a research note on Thursday, July 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $92.00 price target on shares of CarMax in a research note on Monday, June 23rd.

Insider Activity

In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of CarMax stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total transaction 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 $196,308.56. This trade represents a 35.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On CarMax

A number of institutional investors have recently modified their holdings of KMX. Zions Bancorporation National Association UT acquired a new position in shares of CarMax in the 1st quarter valued at $27,000. CYBER HORNET ETFs LLC acquired a new position in CarMax in the second quarter worth $28,000. MUFG Securities EMEA plc bought a new stake in CarMax during the 2nd quarter worth about $30,000. Accent Capital Management LLC bought a new stake in shares of CarMax during the first quarter valued at approximately $34,000. Finally, Strengthening Families & Communities LLC grew its stake in CarMax by 93.1% in the first quarter. Strengthening Families & Communities LLC now owns 531 shares of the company's stock valued at $39,000 after acquiring an additional 256 shares during the period.

CarMax Trading Up 0.1%

Shares of NYSE KMX traded up $0.03 during trading on Monday, reaching $57.84. The stock had a trading volume of 861,602 shares, compared to its average volume of 2,935,582. The company has a market cap of $8.68 billion, a P/E ratio of 15.98, a PEG ratio of 0.96 and a beta of 1.36. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.80 and a current ratio of 2.39. The business's 50-day moving average price is $62.69 and its 200-day moving average price is $69.35. CarMax has a fifty-two week low of $54.53 and a fifty-two week high of $91.25.

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

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.