CarMax (NYSE:KMX) Given New $80.00 Price Target at Mizuho

CarMax (NYSE:KMX) had its price target hoisted by Mizuho from $72.00 to $80.00 in a report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on KMX. JPMorgan Chase & Co. lifted their target price on CarMax from $65.00 to $70.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. Wedbush reissued an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Stephens initiated coverage on shares of CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price for the company. Finally, Evercore ISI upped their price target on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, CarMax has a consensus rating of “Hold” and an average price target of $85.17.

CarMax Stock Performance

NYSE KMX opened at $84.27 on Friday. The firm has a market capitalization of $13.06 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The firm’s fifty day moving average price is $79.01 and its two-hundred day moving average price is $77.69. CarMax has a 1 year low of $65.83 and a 1 year high of $91.25.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same period in the prior year, the firm earned $0.52 EPS. CarMax’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts anticipate that CarMax will post 3.01 EPS for the current year.

Institutional Investors Weigh In On CarMax

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP grew its position in CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of CarMax during the 3rd quarter valued at $32,000. True Wealth Design LLC grew its holdings in shares of CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after purchasing an additional 436 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after purchasing an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC increased its position in shares of CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after purchasing an additional 334 shares during the period.

CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.