Analysts Set CarMax, Inc. (NYSE:KMX) PT at $140.73

Shares of CarMax, Inc. (NYSE:KMXGet Rating) have been assigned a consensus rating of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $130.64.

A number of equities research analysts have issued reports on the stock. Robert W. Baird cut their price target on shares of CarMax from $140.00 to $120.00 in a report on Wednesday. StockNews.com initiated coverage on CarMax in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. Royal Bank of Canada lowered their price target on CarMax from $140.00 to $104.00 and set an “outperform” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. lowered CarMax from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $130.00 to $110.00 in a research report on Wednesday. Finally, Wedbush cut their price target on shares of CarMax from $95.00 to $90.00 in a report on Wednesday.

Several institutional investors have recently added to or reduced their stakes in KMX. Public Sector Pension Investment Board lifted its holdings in shares of CarMax by 7.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 27,485 shares of the company’s stock valued at $3,517,000 after buying an additional 1,910 shares during the period. Creative Planning lifted its holdings in CarMax by 9.2% in the third quarter. Creative Planning now owns 13,944 shares of the company’s stock valued at $1,784,000 after acquiring an additional 1,177 shares during the period. Balyasny Asset Management LLC purchased a new position in CarMax in the third quarter worth about $6,665,000. Russell Investments Group Ltd. boosted its position in CarMax by 1.9% in the fourth quarter. Russell Investments Group Ltd. now owns 76,659 shares of the company’s stock worth $9,932,000 after purchasing an additional 1,409 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of CarMax by 24.4% during the 3rd quarter. HighTower Advisors LLC now owns 5,714 shares of the company’s stock valued at $734,000 after purchasing an additional 1,120 shares during the period. 94.32% of the stock is currently owned by institutional investors.

KMX opened at $92.99 on Monday. The company has a debt-to-equity ratio of 3.42, a current ratio of 2.90 and a quick ratio of 0.63. The stock’s 50 day simple moving average is $103.06 and its 200 day simple moving average is $122.77. The firm has a market cap of $15.03 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.94 and a beta of 1.45. CarMax has a 1 year low of $90.55 and a 1 year high of $155.98.

CarMax (NYSE:KMXGet Rating) last released its quarterly earnings data on Tuesday, April 12th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.36). CarMax had a net margin of 4.09% and a return on equity of 24.82%. The company had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.58 billion. During the same period last year, the company posted $1.27 EPS. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that CarMax will post 7.3 EPS for the current year.

CarMax Company Profile (Get Rating)

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury 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 whole auctions.

Further Reading

Analyst Recommendations for CarMax (NYSE:KMX)

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