CarMax (NYSE:KMX) Price Target Lowered to $55.00 at JPMorgan Chase & Co.

CarMax (NYSE:KMX) had its target price decreased by JPMorgan Chase & Co. from $60.00 to $55.00 in a research note issued to investors on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

KMX has been the subject of several other research reports. Evercore ISI reduced their price target on shares of CarMax from $85.00 to $74.00 and set an in-line rating for the company in a report on Friday. Needham & Company LLC lowered their price target on shares of CarMax from $99.00 to $91.00 and set a buy rating on the stock in a report on Friday. Wedbush upped their price target on CarMax from $90.00 to $100.00 and gave the stock an outperform rating in a research report on Tuesday, April 2nd. Robert W. Baird lowered their price objective on CarMax from $88.00 to $84.00 and set an outperform rating for the company in a research report on Friday. Finally, Bank of America upped their target price on CarMax from $44.00 to $50.00 and gave the company an underperform rating in a research report on Thursday, February 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, CarMax has a consensus rating of Hold and an average price target of $78.25.

CarMax Stock Performance

CarMax stock opened at $69.46 on Monday. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. The firm has a market capitalization of $10.97 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61. CarMax has a 1-year low of $59.66 and a 1-year high of $88.22. The company’s 50-day moving average is $78.77 and its 200 day moving average is $72.10.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. Research analysts forecast that CarMax will post 3.58 EPS for the current year.

Insider Transactions at CarMax

In related news, EVP Diane L. Cafritz sold 2,730 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total value of $192,574.20. Following the completion of the transaction, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at $357,849.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Diane L. Cafritz sold 2,730 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total transaction of $192,574.20. Following the completion of the sale, the executive vice president now owns 5,073 shares in the company, valued at approximately $357,849.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction 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 completion of the transaction, the vice president now directly owns 9,068 shares in the company, valued at $642,830.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,929 shares of company stock valued at $2,740,901. Corporate insiders own 1.66% of the company’s stock.

Institutional Trading of CarMax

Several institutional investors and hedge funds have recently made changes to their positions in KMX. Fairfield Bush & CO. purchased a new stake in CarMax in the first quarter valued at approximately $106,000. American Century Companies Inc. raised its position in CarMax by 11.8% in the 1st quarter. American Century Companies Inc. now owns 23,475 shares of the company’s stock valued at $2,264,000 after purchasing an additional 2,483 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in CarMax by 80.1% during the 1st quarter. Panagora Asset Management Inc. now owns 16,980 shares of the company’s stock worth $1,638,000 after purchasing an additional 7,550 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in CarMax by 6.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,633 shares of the company’s stock worth $2,087,000 after purchasing an additional 1,285 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in CarMax by 1.2% during the 1st quarter. Yousif Capital Management LLC now owns 26,032 shares of the company’s stock worth $2,512,000 after purchasing an additional 299 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.