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

CarMax (NYSE:KMX) has been assigned a $68.00 price target by investment analysts at Susquehanna Bancshares in a report released on Monday. The firm presently has a “hold” rating on the stock. Susquehanna Bancshares’ price target would indicate a potential upside of 6.03% from the stock’s current price.

Several other brokerages also recently commented on KMX. Wedbush set a $81.00 target price on shares of CarMax and gave the company a “buy” rating in a research note on Thursday, December 28th. Credit Suisse Group upgraded shares of CarMax to a “buy” rating and set a $83.00 price target on the stock in a research report on Monday, December 25th. Northcoast Research upgraded shares of CarMax from a “neutral” rating to a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Oppenheimer reiterated a “hold” rating and set a $80.00 price target on shares of CarMax in a research report on Wednesday, December 6th. One research 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. CarMax presently has a consensus rating of “Hold” and a consensus price target of $77.07.

CarMax (KMX) opened at $64.13 on Monday. CarMax has a 52-week low of $54.29 and a 52-week high of $77.64. The stock has a market cap of $11,638.92, a price-to-earnings ratio of 17.19, a P/E/G ratio of 1.07 and a beta of 1.48. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.51 and a current ratio of 2.70.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 21st. The company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.01). CarMax had a return on equity of 21.77% and a net margin of 4.07%. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period last year, the firm posted $0.72 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. analysts expect that CarMax will post 3.86 EPS for the current fiscal year.

In other news, SVP Mohammad Shamim sold 1,300 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $76.10, for a total value of $98,930.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $75.09, for a total value of $600,720.00. The disclosure for this sale can be found here. Insiders have sold a total of 95,141 shares of company stock valued at $7,034,239 over the last three months. Company insiders own 1.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its stake in shares of CarMax by 3.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 643,066 shares of the company’s stock valued at $40,552,000 after acquiring an additional 24,390 shares during the last quarter. Calamos Advisors LLC increased its stake in CarMax by 20.3% during the 2nd quarter. Calamos Advisors LLC now owns 341,647 shares of the company’s stock worth $21,544,000 after purchasing an additional 57,657 shares in the last quarter. Prudential Financial Inc. increased its stake in CarMax by 6.1% during the 3rd quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock worth $20,645,000 after purchasing an additional 15,545 shares in the last quarter. Magnetar Financial LLC bought a new stake in CarMax during the 3rd quarter worth approximately $1,445,000. Finally, Victory Capital Management Inc. increased its stake in CarMax by 16.1% during the 2nd quarter. Victory Capital Management Inc. now owns 21,633 shares of the company’s stock worth $1,364,000 after purchasing an additional 3,002 shares in the last quarter.

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About CarMax

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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