CarMax (NYSE:KMX) Sets New 52-Week Low - Should You Sell?

CarMax, Inc. (NYSE:KMX - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The company traded as low as $62.15 and last traded at $64.66, with a volume of 3702974 shares changing hands. The stock had previously closed at $64.86.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KMX shares. Robert W. Baird decreased their target price on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Royal Bank of Canada reissued an "underperform" rating on shares of CarMax in a research report on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. StockNews.com downgraded shares of CarMax from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Finally, Needham & Company LLC decreased their target price on shares of CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CarMax presently has a consensus rating of "Hold" and an average price target of $87.73.

CarMax Trading Down 0.3 %

The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The firm has a fifty day simple moving average of $73.05 and a two-hundred day simple moving average of $78.30. The firm has a market cap of $9.87 billion, a PE ratio of 21.92, a PEG ratio of 1.67 and a beta of 1.58.

Insider Transactions at CarMax

In related news, Director Mitchell D. Steenrod acquired 1,300 shares of CarMax stock in a transaction that occurred on Thursday, April 24th. The stock was bought at an average price of $65.49 per share, with a total value of $85,137.00. Following the transaction, the director now directly owns 33,577 shares in the company, valued at approximately $2,198,957.73. This represents a 4.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.66% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KMX. Cromwell Holdings LLC grew its stake in shares of CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after purchasing an additional 217 shares during the period. Ameriflex Group Inc. bought a new position in shares of CarMax in the 4th quarter worth approximately $53,000. Allworth Financial LP lifted its stake in shares of CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after purchasing an additional 249 shares during the period. ST Germain D J Co. Inc. bought a new position in shares of CarMax in the 4th quarter worth approximately $58,000. Finally, Colonial Trust Co SC lifted its stake in shares of CarMax by 2,310.0% in the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company's stock worth $59,000 after purchasing an additional 693 shares during the period.

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.

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