CarMax (KMX) – Analysts’ Weekly Ratings Updates

CarMax (NYSE: KMX) has recently received a number of price target changes and ratings updates:

  • 7/16/2017 – CarMax was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/11/2017 – CarMax was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $72.00 price target on the stock. According to Zacks, “CarMax has outperformed the Zacks-categorized Retail/Wholesale-Auto Parts industry in the last three months. Lately, both the quarterly and the yearly earnings estimates are moving up. CarMax’s focus on the used-car market helps it to outperform the industry. The company is among the strongest operators in its peer group. Also, its aggressive store-expansion is expected to benefit the company. Moreover, share repurchases will boost shareholder returns. However, the average selling prices in used vehicle as well as wholesale vehicle segment has been declining. The increase in the supply of used vehicles is expected to further lower prices.”
  • 7/11/2017 – CarMax was given a new $73.00 price target on by analysts at Wedbush. They now have a “buy” rating on the stock.
  • 7/4/2017 – CarMax had its “buy” rating reaffirmed by analysts at CIBC.
  • 7/4/2017 – CarMax had its price target lowered by analysts at Deutsche Bank AG from $73.00 to $72.00. They now have a “buy” rating on the stock.
  • 7/4/2017 – CarMax had its “market perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $63.00 price target on the stock, down previously from $71.00.
  • 7/3/2017 – CarMax had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 6/23/2017 – CarMax was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/22/2017 – CarMax had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $82.00 price target on the stock, up previously from $80.00.
  • 6/22/2017 – CarMax had its “neutral” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $70.00 price target on the stock, up previously from $66.00.
  • 6/22/2017 – CarMax had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $73.00 price target on the stock, up previously from $71.00.
  • 6/22/2017 – CarMax was upgraded by analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating. They now have a $69.00 price target on the stock, up previously from $63.00.
  • 6/22/2017 – CarMax had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $74.00 price target on the stock, up previously from $72.00.
  • 6/22/2017 – CarMax was downgraded by analysts at UBS AG from a “positive” rating to a “neutral” rating.
  • 6/19/2017 – CarMax was given a new $72.00 price target on by analysts at Oppenheimer Holdings, Inc.. They now have a “buy” rating on the stock.
  • 5/19/2017 – CarMax was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 5/18/2017 – CarMax was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $70.00 price target on the stock, up previously from $60.00.
  • 5/18/2017 – CarMax had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..

CarMax Inc (NYSE:KMX) traded up 0.95% on Monday, reaching $65.03. The company’s stock had a trading volume of 1,155,952 shares. The firm’s 50-day moving average price is $62.19 and its 200 day moving average price is $62.76. The company has a market cap of $11.92 billion, a P/E ratio of 18.68 and a beta of 1.34. CarMax Inc has a 52-week low of $47.50 and a 52-week high of $69.11.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Wednesday, June 21st. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. The firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.46 billion. CarMax had a return on equity of 21.72% and a net margin of 4.07%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 earnings per share. Equities analysts anticipate that CarMax Inc will post $3.70 EPS for the current fiscal year.

In other news, Director Thomas J. Folliard sold 50,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $61.41, for a total value of $3,070,500.00. Following the completion of the sale, the director now directly owns 509,166 shares of the company’s stock, valued at $31,267,884.06. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Edgar H. Grubb sold 2,000 shares of the stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $58.24, for a total value of $116,480.00. Following the completion of the sale, the director now directly owns 42,005 shares of the company’s stock, valued at $2,446,371.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,497 shares of company stock valued at $6,103,933. Company insiders own 1.90% of the company’s stock.

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.

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