CarMax, Inc (NYSE:KMX)‘s stock had its “market perform” rating reiterated by Royal Bank of Canada in a report released on Thursday. They presently have a $63.00 price objective on the stock, down from their prior price objective of $71.00. Royal Bank of Canada’s target price would suggest a potential upside of 8.04% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Credit Suisse Group AG set a $75.00 price objective on CarMax and gave the stock a “buy” rating in a report on Sunday, December 25th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of CarMax in a report on Wednesday, April 5th. Vetr upgraded CarMax from a “buy” rating to a “strong-buy” rating and set a $69.00 price objective on the stock in a report on Wednesday, December 14th. Wedbush restated a “neutral” rating and set a $60.00 price objective on shares of CarMax in a report on Monday, March 27th. Finally, Zacks Investment Research cut CarMax from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $66.17.
Shares of CarMax (NYSE:KMX) traded down 0.83% on Thursday, hitting $58.31. The company had a trading volume of 2,821,382 shares. The company has a market capitalization of $10.88 billion, a price-to-earnings ratio of 17.89 and a beta of 1.34. CarMax has a 52 week low of $45.06 and a 52 week high of $69.11. The stock’s 50-day moving average is $59.83 and its 200 day moving average is $60.19.
CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, April 6th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.02. CarMax had a return on equity of 21.02% and a net margin of 3.96%. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the firm earned $0.74 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. Equities analysts expect that CarMax will post $3.51 EPS for the current year.
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In other news, COO William C. Jr. Wood sold 6,203 shares of CarMax stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $66.24, for a total transaction of $410,886.72. Following the sale, the chief operating officer now directly owns 55,096 shares of the company’s stock, valued at $3,649,559.04. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jon G. Daniels sold 20,000 shares of CarMax stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $68.72, for a total value of $1,374,400.00. Following the sale, the senior vice president now directly owns 31,787 shares in the company, valued at $2,184,402.64. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. First Bank & Trust purchased a new position in CarMax during the fourth quarter worth approximately $125,000. Bronfman E.L. Rothschild L.P. increased its position in CarMax by 1,283.1% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 2,047 shares of the company’s stock worth $109,000 after buying an additional 1,899 shares during the period. Tower Research Capital LLC TRC increased its position in CarMax by 6.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,077 shares of the company’s stock worth $111,000 after buying an additional 133 shares during the period. Global X Management Co. LLC increased its position in CarMax by 64.1% in the third quarter. Global X Management Co. LLC now owns 2,405 shares of the company’s stock worth $128,000 after buying an additional 939 shares during the period. Finally, First Republic Investment Management Inc. purchased a new position in CarMax during the fourth quarter worth approximately $205,000.
CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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