CarMax Inc (NYSE:KMX) received a $72.00 price objective from investment analysts at Oppenheimer Holdings, Inc. in a note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Oppenheimer Holdings, Inc.’s price objective would indicate a potential upside of 18.64% from the company’s previous close.
Several other analysts also recently commented on the stock. Wedbush reaffirmed a “neutral” rating and set a $60.00 price objective on shares of CarMax in a research report on Monday, March 27th. Royal Bank Of Canada reaffirmed a “market perform” rating and set a $63.00 price objective (down previously from $71.00) on shares of CarMax in a research report on Thursday, April 6th. Deutsche Bank AG reduced their price objective on shares of CarMax from $73.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, April 6th. Zacks Investment Research downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research report on Thursday, March 9th. Finally, CIBC reaffirmed a “buy” rating on shares of CarMax in a research report on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $67.00.
Shares of CarMax (NYSE KMX) traded up 1.37% on Monday, reaching $61.52. 2,347,075 shares of the company’s stock were exchanged. The stock has a market cap of $11.42 billion, a P/E ratio of 18.87 and a beta of 1.25. CarMax has a 52-week low of $45.06 and a 52-week high of $69.11. The company’s 50 day moving average price is $61.51 and its 200-day moving average price is $62.65.
CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, April 6th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.79 by $0.02. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.94 billion. CarMax had a net margin of 3.95% and a return on equity of 20.85%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. Equities analysts forecast that CarMax will post $3.52 EPS for the current fiscal year.
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In other CarMax news, Director Edgar H. Grubb sold 2,000 shares of the firm’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $58.24, for a total transaction of $116,480.00. Following the transaction, the director now directly owns 42,005 shares in the company, valued at approximately $2,446,371.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of KMX. First Bank & Trust boosted its position in shares of CarMax by 7.1% in the first quarter. First Bank & Trust now owns 2,077 shares of the company’s stock valued at $123,000 after buying an additional 138 shares during the period. Credit Agricole S A boosted its position in shares of CarMax by 6.9% in the fourth quarter. Credit Agricole S A now owns 38,062 shares of the company’s stock valued at $2,451,000 after buying an additional 2,473 shares during the period. Quantitative Systematic Strategies LLC boosted its position in shares of CarMax by 35.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 35,213 shares of the company’s stock valued at $2,085,000 after buying an additional 9,221 shares during the period. Blenheim Capital Management BV bought a new position in shares of CarMax during the fourth quarter valued at $240,000. Finally, Guggenheim Capital LLC boosted its position in shares of CarMax by 7.9% in the fourth quarter. Guggenheim Capital LLC now owns 470,062 shares of the company’s stock valued at $30,267,000 after buying an additional 34,459 shares during the period.
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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