CarMax, Inc. (NYSE:KMX) Receives Consensus Rating of “Hold” from Brokerages

Shares of CarMax, Inc. (NYSE:KMX) have been given a consensus recommendation of “Hold” by the fourteen research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $81.00.

KMX has been the topic of a number of research analyst reports. Truist Financial upped their price target on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Wedbush reaffirmed an “outperform” rating and set a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on CarMax from $65.00 to $70.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Evercore ISI upped their price target on CarMax from $81.00 to $83.00 and gave the company an “in-line” rating in a report on Tuesday, December 3rd. Finally, BNP Paribas raised CarMax to a “strong sell” rating in a report on Friday, September 27th.

CarMax Trading Down 1.3 %

NYSE KMX opened at $86.06 on Wednesday. CarMax has a 12 month low of $65.38 and a 12 month high of $88.22. The stock has a market cap of $13.33 billion, a P/E ratio of 32.35, a P/E/G ratio of 1.75 and a beta of 1.71. The stock’s fifty day moving average price is $77.06 and its 200-day moving average price is $76.89. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX) last released its earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the prior year, the company posted $0.75 earnings per share. The company’s revenue was down .9% on a year-over-year basis. As a group, equities analysts forecast that CarMax will post 2.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Quarry LP increased its position in CarMax by 78.6% in 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 purchased a new stake in CarMax in the third quarter worth about $32,000. True Wealth Design LLC increased its position in CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after buying an additional 436 shares in the last quarter. Blue Trust Inc. increased its position in CarMax by 134.1% in the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after buying an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC increased its position in 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 buying an additional 334 shares in the last quarter.

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.