Mizuho Lowers CarMax (NYSE:KMX) Price Target to $75.00

CarMax (NYSE:KMX) had its target price lowered by investment analysts at Mizuho from $80.00 to $75.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price target would indicate a potential upside of 5.03% from the stock’s current price.

A number of other research firms also recently commented on KMX. Bank of America increased their target price on shares of CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, February 29th. Truist Financial raised their price objective 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. Needham & Company LLC reduced their price objective on shares of CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a research note on Friday. Royal Bank of Canada restated an “outperform” rating and set a $83.00 target price on shares of CarMax in a research report on Monday, April 8th. Finally, Evercore ISI lifted their target price on shares of CarMax from $78.00 to $85.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $78.67.

CarMax Price Performance

CarMax stock opened at $71.41 on Friday. The firm has a market cap of $11.28 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61. CarMax has a 52-week low of $59.66 and a 52-week high of $88.22. The company has a quick ratio of 0.71, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The company’s 50 day moving average is $78.80 and its two-hundred day moving average is $72.16.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the previous year, the business posted $0.44 earnings per share. CarMax’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, research analysts expect that CarMax will post 3.61 EPS for the current fiscal year.

Insider Activity at CarMax

In related news, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the sale, the vice president now directly owns 9,068 shares in the company, valued at $642,830.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other CarMax news, EVP Diane L. Cafritz sold 22,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $70.08, for a total transaction 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 legal filing with the SEC, which is available through this link. Also, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction that occurred on 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 sale, the vice president now owns 9,068 shares of the company’s stock, valued at $642,830.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,929 shares of company stock worth $2,740,901. 1.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On CarMax

Several institutional investors have recently bought and sold shares of KMX. Allworth Financial LP grew its stake in CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after buying an additional 207 shares during the period. CENTRAL TRUST Co grew its stake in CarMax by 100.0% during the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the period. Ronald Blue Trust Inc. grew its stake in CarMax by 194.0% during the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock worth $31,000 after buying an additional 289 shares during the period. VitalStone Financial LLC purchased a new stake in CarMax during the first quarter worth approximately $33,000. Finally, Creative Financial Designs Inc. ADV grew its stake in CarMax by 1,081.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after buying an additional 400 shares during the period.

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.