Royal Bank of Canada Reaffirms Market Perform Rating for CarMax, Inc (KMX)

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.

Analyst Recommendations for CarMax (NYSE:KMX)

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.

COPYRIGHT VIOLATION NOTICE: “Royal Bank of Canada Reaffirms Market Perform Rating for CarMax, Inc (KMX)” was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.com-unik.info/2017/04/21/carmax-inc-kmx-receives-market-perform-rating-from-royal-bank-of-canada-updated.html.

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.

5 Day Chart for NYSE:KMX

What are top analysts saying about CarMax Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CarMax Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit