CarMax, Inc. (NYSE:KMX) Receives $39.21 Consensus Price Target from Analysts

Shares of CarMax, Inc. (NYSE:KMX) have been given an average rating of “Reduce” by the nineteen analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $39.2143.

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of CarMax from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Stephens lowered their price target on CarMax from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a research note on Friday, January 9th. JPMorgan Chase & Co. cut their price objective on CarMax from $30.00 to $28.00 and set an “underweight” rating for the company in a report on Friday, December 19th. Finally, Morgan Stanley set a $35.00 price objective on CarMax in a research report on Monday, December 8th.

CarMax Trading Up 0.5%

Shares of KMX opened at $42.27 on Friday. CarMax has a 1-year low of $30.26 and a 1-year high of $82.79. The company has a market capitalization of $5.99 billion, a P/E ratio of 13.95, a P/E/G ratio of 0.99 and a beta of 1.35. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51. The firm’s 50 day simple moving average is $44.10 and its 200 day simple moving average is $45.10.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 18th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.12. The business had revenue of $5.79 billion during the quarter, compared to analysts’ expectations of $5.66 billion. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 EPS. Sell-side analysts forecast that CarMax will post 3.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its stake in shares of CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after purchasing an additional 161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in CarMax by 0.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after purchasing an additional 173 shares during the period. Blue Trust Inc. raised its position in CarMax by 20.0% in the 4th quarter. Blue Trust Inc. now owns 1,424 shares of the company’s stock worth $55,000 after purchasing an additional 237 shares during the period. Resonant Capital Advisors LLC lifted its stake in CarMax by 4.2% in the third quarter. Resonant Capital Advisors LLC now owns 6,388 shares of the company’s stock worth $287,000 after purchasing an additional 256 shares during the last quarter. Finally, Huntington National Bank boosted its position in CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after buying an additional 265 shares during the period.

About CarMax

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.