CarMax, Inc. (NYSE:KMX) Receives $51.75 Consensus Price Target from Brokerages

Shares of CarMax, Inc. (NYSE:KMX) have been assigned an average rating of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $51.75.

A number of research analysts have recently issued reports on KMX shares. Truist Financial decreased their target price on CarMax from $74.00 to $47.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a research report on Tuesday, October 14th. BNP Paribas Exane decreased their target price on CarMax from $52.00 to $35.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. Needham & Company LLC decreased their price objective on CarMax from $92.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Finally, Wedbush restated a “neutral” rating and issued a $54.00 price objective on shares of CarMax in a report on Thursday, October 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT purchased a new position in CarMax in the 1st quarter valued at $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of CarMax in the 2nd quarter worth $28,000. MUFG Securities EMEA plc acquired a new stake in shares of CarMax in the 2nd quarter worth $30,000. Accent Capital Management LLC acquired a new stake in shares of CarMax in the 1st quarter worth $34,000. Finally, Strengthening Families & Communities LLC increased its stake in shares of CarMax by 93.1% in the 1st quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock worth $39,000 after acquiring an additional 256 shares during the last quarter.

CarMax Stock Performance

Shares of NYSE KMX opened at $41.29 on Friday. The company’s fifty day moving average price is $51.18 and its 200 day moving average price is $59.36. CarMax has a 1 year low of $40.34 and a 1 year high of $91.25. The company has a market capitalization of $6.06 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.81 and a beta of 1.27. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.06 and a current ratio of 2.46.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 25th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.39). CarMax had a net margin of 1.98% and a return on equity of 8.51%. The business had revenue of $6.59 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter last year, the business earned $0.85 EPS. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, research analysts predict that CarMax will post 3.23 earnings per share for the current year.

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.