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.
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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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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