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

Wedbush restated their outperform rating on shares of CarMax (NYSE:KMX - Free Report) in a report published on Thursday morning, Benzinga reports. Wedbush currently has a $90.00 price objective on the stock.

A number of other brokerages have also recently weighed in on KMX. StockNews.com raised CarMax to a sell rating in a research note on Monday, April 22nd. Bank of America boosted their price target on shares of CarMax from $44.00 to $50.00 and gave the stock an underperform rating in a research note on Thursday, February 29th. Robert W. Baird reduced their price objective on CarMax from $88.00 to $84.00 and set an outperform rating on the stock in a research note on Friday, April 12th. Royal Bank of Canada reissued an outperform rating and set a $83.00 target price on shares of CarMax in a research note on Monday, April 8th. Finally, Evercore ISI reduced their price target on CarMax from $85.00 to $74.00 and set an in-line rating on the stock in a research report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $77.42.

CarMax Trading Down 1.9 %

KMX stock traded down $1.41 during midday trading on Thursday, hitting $72.94. 1,568,766 shares of the company's stock were exchanged, compared to its average volume of 2,022,160. CarMax has a 1-year low of $59.66 and a 1-year high of $88.22. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. The stock has a market capitalization of $11.48 billion, a PE ratio of 24.07, a P/E/G ratio of 1.25 and a beta of 1.64. The business has a 50-day simple moving average of $76.49 and a two-hundred day simple moving average of $72.67.

CarMax (NYSE:KMX - Get Free Report) last posted its earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.13). The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The company's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. On average, sell-side analysts predict that CarMax will post 3.27 EPS for the current fiscal year.

Insider Buying and Selling at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of the business's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now directly owns 6,977 shares of the company's stock, valued at $485,110.81. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CarMax

Several large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its position 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. Czech National Bank boosted its holdings in shares of CarMax by 0.5% in the fourth quarter. Czech National Bank now owns 27,789 shares of the company's stock valued at $2,133,000 after acquiring an additional 138 shares in the last quarter. Spire Wealth Management increased its stake in shares of CarMax by 8.3% during the fourth quarter. Spire Wealth Management now owns 1,908 shares of the company's stock worth $146,000 after acquiring an additional 147 shares during the period. Lindbrook Capital LLC raised its holdings in CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company's stock worth $48,000 after purchasing an additional 155 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in CarMax by 0.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,223 shares of the company's stock valued at $1,782,000 after purchasing an additional 157 shares during the period.

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.