CarMax, Inc. (NYSE:KMX) Receives $85.82 Average Price Target from Analysts

CarMax, Inc. (NYSE:KMX) has earned an average recommendation of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $85.82.

A number of research analysts have weighed in on the company. Wedbush restated an “outperform” rating and issued a $90.00 price target on shares of CarMax in a research note on Monday, May 19th. JPMorgan Chase & Co. decreased their price target on CarMax from $72.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, March 27th. Royal Bank of Canada restated an “underperform” rating on shares of CarMax in a research note on Monday, April 21st. Evercore ISI reduced their target price on CarMax from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, May 28th. Finally, Wall Street Zen upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Wednesday, May 7th.

CarMax Stock Up 0.4%

KMX stock opened at $65.68 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The business has a 50 day moving average price of $67.36 and a two-hundred day moving average price of $76.63. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 1.67 and a beta of 1.38. CarMax has a twelve month low of $61.34 and a twelve month high of $91.25.

Insider Activity at CarMax

In other news, Director Mitchell D. Steenrod purchased 1,300 shares of CarMax stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the purchase, the director now directly owns 33,577 shares of the company’s stock, valued at $2,198,957.73. This trade represents a 4.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of CarMax

Several institutional investors have recently added to or reduced their stakes in KMX. Blue Trust Inc. boosted its stake in CarMax by 39.7% in the 4th quarter. Blue Trust Inc. now owns 1,457 shares of the company’s stock valued at $113,000 after purchasing an additional 414 shares during the period. Chicago Partners Investment Group LLC raised its holdings in CarMax by 19.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,614 shares of the company’s stock valued at $460,000 after acquiring an additional 906 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in CarMax by 5.6% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,347 shares of the company’s stock valued at $519,000 after acquiring an additional 338 shares in the last quarter. CENTRAL TRUST Co raised its holdings in CarMax by 575.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,350 shares of the company’s stock valued at $110,000 after acquiring an additional 1,150 shares in the last quarter. Finally, E. Ohman J or Asset Management AB raised its holdings in CarMax by 33.9% in the 4th quarter. E. Ohman J or Asset Management AB now owns 7,900 shares of the company’s stock valued at $646,000 after acquiring an additional 2,000 shares in the last quarter.

CarMax Company Profile

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.