CarMax, Inc. (NYSE:KMX) Receives $81.00 Average Price Target from Analysts

CarMax, Inc. (NYSE:KMX) has been assigned a consensus rating of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $81.00.

KMX has been the topic of several analyst reports. Truist Financial upped their target price on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Stephens assumed coverage on CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of CarMax from $65.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Evercore ISI upped their price target on shares of CarMax from $81.00 to $83.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 3rd. Finally, BNP Paribas raised shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th.

CarMax Price Performance

NYSE KMX opened at $86.26 on Wednesday. CarMax has a 12-month low of $65.83 and a 12-month high of $88.22. The firm’s 50 day moving average is $77.81 and its 200-day moving average is $77.27. The company has a market capitalization of $13.36 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts anticipate that CarMax will post 3.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oddo BHF Asset Management Sas bought a new stake in CarMax in the 3rd quarter valued at $2,229,000. Franklin Resources Inc. raised its position in CarMax by 53.3% during the third quarter. Franklin Resources Inc. now owns 27,362 shares of the company’s stock valued at $1,999,000 after purchasing an additional 9,509 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of CarMax by 141.8% in the 3rd quarter. Tidal Investments LLC now owns 13,019 shares of the company’s stock valued at $1,007,000 after purchasing an additional 7,635 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of CarMax in the 3rd quarter valued at $351,000. Finally, World Investment Advisors LLC acquired a new position in shares of CarMax during the 3rd quarter worth $6,942,000.

About CarMax

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.