CarMax (KMX) PT Set at $68.00 by Susquehanna Bancshares

CarMax (NYSE:KMX) has been given a $68.00 price target by equities researchers at Susquehanna Bancshares in a research note issued to investors on Tuesday. The firm presently has a “hold” rating on the stock. Susquehanna Bancshares’ price target would suggest a potential upside of 4.76% from the stock’s current price.

Several other research firms also recently issued reports on KMX. Wedbush reiterated an “outperform” rating and set a $81.00 price target on shares of CarMax in a research note on Friday, December 22nd. Oppenheimer downgraded CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 price target for the company. in a research note on Thursday, October 5th. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Friday, September 8th. CIBC upped their price target on CarMax from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 19th. Finally, Royal Bank of Canada upped their price target on CarMax from $77.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, September 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $77.07.

CarMax (NYSE KMX) opened at $64.91 on Tuesday. The company has a debt-to-equity ratio of 3.83, a current ratio of 2.70 and a quick ratio of 0.51. CarMax has a 52 week low of $54.29 and a 52 week high of $77.64. The company has a market capitalization of $11,838.55, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.09 and a beta of 1.48.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $3.97 billion. CarMax had a net margin of 4.07% and a return on equity of 21.77%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 EPS. equities research analysts forecast that CarMax will post 3.85 EPS for the current fiscal year.

In other CarMax news, EVP Eric M. Margolin sold 4,453 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $75.30, for a total value of $335,310.90. Following the completion of the transaction, the executive vice president now owns 22,051 shares of the company’s stock, valued at approximately $1,660,440.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $67.50, for a total value of $540,000.00. Following the completion of the transaction, the director now directly owns 439,572 shares of the company’s stock, valued at approximately $29,671,110. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,141 shares of company stock valued at $9,399,449. Insiders own 1.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of KMX. Nordea Investment Management AB grew its stake in shares of CarMax by 751.0% in the 2nd quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock valued at $135,465,000 after purchasing an additional 1,895,763 shares during the period. Principal Financial Group Inc. grew its stake in shares of CarMax by 8.3% in the 2nd quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock valued at $578,702,000 after purchasing an additional 706,369 shares during the period. UBS Oconnor LLC bought a new stake in shares of CarMax in the 2nd quarter valued at approximately $44,142,000. Balyasny Asset Management LLC grew its stake in shares of CarMax by 543.5% in the 2nd quarter. Balyasny Asset Management LLC now owns 638,700 shares of the company’s stock valued at $40,276,000 after purchasing an additional 539,451 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of CarMax by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 18,185,184 shares of the company’s stock valued at $1,146,758,000 after purchasing an additional 380,038 shares during the period.

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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.

Analyst Recommendations for CarMax (NYSE:KMX)

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