Evercore ISI Lowers CarMax (NYSE:KMX) Price Target to $74.00

CarMax (NYSE:KMX - Free Report) had its price target trimmed by Evercore ISI from $85.00 to $74.00 in a research report released on Friday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Several other analysts have also recently weighed in on KMX. Bank of America increased their price target on shares of CarMax from $44.00 to $50.00 and gave the company an underperform rating in a research note on Thursday, February 29th. Needham & Company LLC dropped their price target on shares of CarMax from $99.00 to $91.00 and set a buy rating for the company in a research note on Friday. Robert W. Baird dropped their price target on shares of CarMax from $88.00 to $84.00 and set an outperform rating for the company in a research note on Friday. Mizuho dropped their price target on shares of CarMax from $80.00 to $75.00 and set a neutral rating for the company in a research note on Friday. Finally, Oppenheimer reissued an outperform rating and issued a $105.00 price target on shares of CarMax in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $78.67.

CarMax Price Performance

NYSE KMX traded down $0.58 during trading hours on Friday, hitting $71.40. 4,230,125 shares of the company's stock traded hands, compared to its average volume of 1,968,949. CarMax has a 52-week low of $59.66 and a 52-week high of $88.22. The company has a market capitalization of $11.27 billion, a PE ratio of 22.67, a PEG ratio of 1.20 and a beta of 1.61. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.45 and a quick ratio of 0.71. The firm's 50-day moving average is $78.80 and its 200-day moving average is $72.20.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a net margin of 1.87% and a return on equity of 7.72%. The firm had revenue of $5.63 billion during the quarter, compared to analysts' expectations of $5.76 billion. During the same period last year, the company earned $0.44 EPS. The business's quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts forecast that CarMax will post 2.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the sale, the vice president now directly owns 9,068 shares in the company, valued at approximately $642,830.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the sale, the vice president now directly owns 9,068 shares in the company, valued at approximately $642,830.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Diane L. Cafritz sold 22,000 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the sale, the executive vice president now owns 5,073 shares in the company, valued at $355,515.84. The disclosure for this sale can be found here. Insiders have sold a total of 38,929 shares of company stock worth $2,740,901 in the last ninety days. 1.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CarMax

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP raised its holdings in shares of CarMax by 153.3% in the 4th quarter. Allworth Financial LP now owns 342 shares of the company's stock valued at $26,000 after purchasing an additional 207 shares in the last quarter. CENTRAL TRUST Co raised its holdings in shares of CarMax by 100.0% in the 3rd quarter. CENTRAL TRUST Co now owns 400 shares of the company's stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Ronald Blue Trust Inc. raised its holdings in shares of CarMax by 194.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 438 shares of the company's stock valued at $31,000 after purchasing an additional 289 shares in the last quarter. VitalStone Financial LLC purchased a new position in shares of CarMax in the 1st quarter valued at $33,000. Finally, Creative Financial Designs Inc. ADV grew its position in shares of CarMax by 1,081.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company's stock valued at $34,000 after buying an additional 400 shares during the last quarter.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.