Analysts Set CarMax, Inc. (NYSE:KMX) PT at $87.73

CarMax, Inc. (NYSE:KMX) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $87.73.

Several research analysts recently issued reports on the company. Wedbush reduced their target price on CarMax from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Needham & Company LLC cut their price objective on shares of CarMax from $101.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Cfra Research upgraded shares of CarMax to a “strong-buy” rating in a research note on Thursday, April 10th. Evercore ISI cut their price target on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, Truist Financial raised their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th.

CarMax Stock Performance

Shares of KMX stock opened at $64.50 on Tuesday. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The company has a market cap of $9.85 billion, a PE ratio of 21.87, a PEG ratio of 1.67 and a beta of 1.58. CarMax has a 12-month low of $63.23 and a 12-month high of $91.25. The business’s fifty day simple moving average is $77.07 and its 200-day simple moving average is $78.83.

Insiders Place Their Bets

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.66% of the stock is owned by insiders.

Hedge Funds Weigh In On CarMax

Several institutional investors have recently made changes to their positions in the company. First Hawaiian Bank acquired a new stake in CarMax during the fourth quarter valued at $273,000. Sequoia Financial Advisors LLC boosted its stake in shares of CarMax by 10.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company’s stock worth $261,000 after acquiring an additional 307 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of CarMax by 36.6% during the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company’s stock valued at $426,000 after acquiring an additional 1,396 shares during the period. World Investment Advisors LLC purchased a new position in shares of CarMax in the 3rd quarter valued at about $6,942,000. Finally, HF Advisory Group LLC raised its holdings in CarMax by 12.6% in the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock worth $2,354,000 after purchasing an additional 3,222 shares during the period.

About CarMax

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.