Berenberg Bank upgraded shares of CarMax (NYSE:KMX) from a hold rating to a buy rating in a report published on Monday, Marketbeat Ratings reports. The firm currently has $83.00 price target on the stock.
KMX has been the topic of several other reports. Citigroup increased their price target on shares of CarMax to $84.00 and gave the company a buy rating in a research note on Monday, September 25th. Zacks Investment Research lowered shares of CarMax from a buy rating to a hold rating in a research report on Tuesday, October 31st. Goldman Sachs Group lowered shares of CarMax from a buy rating to a neutral rating and raised their target price for the stock from $74.00 to $79.00 in a research report on Monday, September 25th. Susquehanna Bancshares set a $68.00 target price on shares of CarMax and gave the stock a hold rating in a research report on Tuesday, December 26th. Finally, Wedbush restated an outperform rating and set a $81.00 target price (up from $77.00) on shares of CarMax in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $77.07.
CarMax (KMX) opened at $70.30 on Monday. The company has a market cap of $12,710.00, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 1.19 and a beta of 1.48. CarMax has a one year low of $54.29 and a one year high of $77.64. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83.
In related news, EVP Edwin J. Hill sold 25,000 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $75.75, for a total transaction of $1,893,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric M. Margolin sold 4,453 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 22,051 shares of the company’s stock, valued at $1,660,440.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,453 shares of company stock valued at $6,578,041. Corporate insiders own 1.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of CarMax by 2.1% during the second quarter. Vanguard Group Inc. now owns 18,185,184 shares of the company’s stock worth $1,146,758,000 after purchasing an additional 380,038 shares during the period. BlackRock Inc. lifted its holdings in shares of CarMax by 0.5% during the second quarter. BlackRock Inc. now owns 11,142,473 shares of the company’s stock worth $702,643,000 after purchasing an additional 53,840 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of CarMax by 1.5% during the third quarter. Principal Financial Group Inc. now owns 9,319,193 shares of the company’s stock worth $706,487,000 after purchasing an additional 142,175 shares during the period. Broad Run Investment Management LLC lifted its holdings in shares of CarMax by 0.9% during the second quarter. Broad Run Investment Management LLC now owns 3,377,241 shares of the company’s stock worth $212,969,000 after purchasing an additional 29,846 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of CarMax by 751.0% during the second quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock worth $135,465,000 after purchasing an additional 1,895,763 shares during the period.
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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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