CarMax (NYSE:KMX) Given "Outperform" Rating at Oppenheimer

CarMax (NYSE:KMX - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities research analysts at Oppenheimer in a report released on Tuesday, Benzinga reports. They presently have a $105.00 target price on the stock. Oppenheimer's price objective indicates a potential upside of 25.91% from the stock's previous close.

Several other research firms also recently commented on KMX. Truist Financial upped their price target on shares of CarMax from $72.00 to $75.00 and gave the company a "hold" rating in a research note on Friday, December 22nd. Mizuho started coverage on shares of CarMax in a report on Tuesday, March 19th. They set a "neutral" rating and a $80.00 target price on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $83.00 price target on shares of CarMax in a research note on Monday. Bank of America raised their price objective on CarMax from $44.00 to $50.00 and gave the stock an "underperform" rating in a research note on Thursday, February 29th. Finally, Needham & Company LLC upgraded CarMax from a "hold" rating to a "buy" rating and set a $99.00 target price for the company in a research report on Wednesday, March 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $81.25.

CarMax Stock Performance

NYSE:KMX traded up $0.52 during mid-day trading on Tuesday, hitting $83.39. 1,843,064 shares of the stock were exchanged, compared to its average volume of 1,732,845. The firm's 50-day simple moving average is $78.69 and its 200 day simple moving average is $72.19. The stock has a market capitalization of $13.17 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 1.22 and a beta of 1.61. CarMax has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.71 and a current ratio of 2.45.

Insider Activity at CarMax

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

Institutional Trading of CarMax

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of CarMax by 17.9% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 138,189 shares of the company's stock valued at $12,038,000 after purchasing an additional 20,972 shares during the last quarter. Mather Group LLC. bought a new stake in CarMax during the first quarter valued at $138,000. GAMMA Investing LLC grew its holdings in CarMax by 6.5% during the 1st quarter. GAMMA Investing LLC now owns 2,156 shares of the company's stock worth $188,000 after acquiring an additional 131 shares during the period. CWM LLC grew its holdings in CarMax by 149.7% during the 1st quarter. CWM LLC now owns 10,482 shares of the company's stock worth $913,000 after acquiring an additional 6,285 shares during the period. Finally, Timber Creek Capital Management LLC raised its position in shares of CarMax by 3.4% in the 1st quarter. Timber Creek Capital Management LLC now owns 55,702 shares of the company's stock worth $4,852,000 after acquiring an additional 1,841 shares in the last quarter.

About CarMax

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.