CarMax (NYSE:KMX) Upgraded to Hold at Wall Street Zen

CarMax (NYSE:KMX) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

KMX has been the topic of several other research reports. Bank of America lifted their price target on CarMax from $27.00 to $31.00 and gave the stock an “underperform” rating in a report on Friday, December 19th. Barclays upped their price objective on shares of CarMax from $24.00 to $28.00 and gave the company an “underweight” rating in a report on Wednesday, January 21st. Evercore set a $42.00 target price on shares of CarMax in a research note on Tuesday, February 10th. Royal Bank Of Canada boosted their target price on shares of CarMax from $34.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, December 19th. Finally, Wedbush dropped their price target on shares of CarMax from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $39.71.

CarMax Stock Performance

Shares of CarMax stock opened at $41.21 on Friday. The business’s 50 day moving average price is $43.11 and its 200 day moving average price is $42.70. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 1.05 and a beta of 1.30. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.51 and a current ratio of 1.99. CarMax has a one year low of $30.26 and a one year high of $81.79.

Institutional Trading of CarMax

Institutional investors and hedge funds have recently bought and sold shares of the stock. Huntington National Bank boosted its stake in CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after buying an additional 265 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of CarMax during the second quarter valued at about $28,000. MUFG Securities EMEA plc purchased a new stake in shares of CarMax in the 2nd quarter valued at approximately $30,000. Center for Financial Planning Inc. purchased a new stake in shares of CarMax in the 3rd quarter valued at approximately $31,000. Finally, Advisory Services Network LLC acquired a new position in shares of CarMax in the 3rd quarter worth approximately $32,000.

CarMax Company Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.